what you are observing is that the distribution of returns in a market is not a normal distribution but has fatter tails. It is this property that trend following systems exploit. For trend following systems the entry rules are not the important ...

Winning TP / SL ratio

Most professionals are not trading for the highest absolute return% they are trading for low monthly volatility. They could probably make higher returns but that is what their institutional clients demand. Most clients are not going to invest with ...

Good returns realistic by trading with higher time frames?

He could have closed the position at any time but choose not to. If this is from Jan 2008 (which I think it is) the European markets tanked as SocGen were unwinding the position put on by their rouge trader (no one knew this at the time and the ...

Video of someone losing $30k real money - You don't want this

Individual candle patterns have no predictive power. So I'm not really surprised by your findings. That said, it sounds like this strategy is really trading a pullback in an existing trend and there are a lot of threads on FF using different ...

Engulfing bars

what about the good trade that you didn't take or the time you decided to have an extra hour in bed and missed a trade?

The Importance of Being Honest with Yourself

He's trading Russell 2000 futures using Interactive Brokers platform. I think this was from sometime in 2008.

Video of someone losing $30k real money - You don't want this

Not if your analogy is incorrect. You can't compare the finances of a sovereign nation with fiat a currency to your or my bank accounts. It is just not the same. Bond holders do not finance the US Govt and the US Govt does not need people to buy its ...

Short Term Vs. Long Term Trading

An economics book would tell you that JGB rates should have risen and Japan collapsed years ago yet it continues to set new records in debt to gdp ratios. Traders have grown old and retired waiting for JGB rates to rise. US debt is also not a ...

Short Term Vs. Long Term Trading

I wasn't talking about either news or fundamentals. >> the ECB not raising rates is news Its news and its fundamental because the interest rate differential is the primary driver in relative currency values. >> A trader who trades dailies couldn't ...

Short Term Vs. Long Term Trading

Anyone trading just on 4h or daily charts is going to miss to the best opportunities or take them at much worse prices & R:R than a trader watching 1/5/15 min charts. Take the recent Euro sell off from 1.49 to under 1.40 . The trigger for this was ...

Short Term Vs. Long Term Trading

Well I have more money in my bank account than in my wallet. The quantity of physical money just depends on peoples desire to hold physical paper & coins. The central bank/treasury makes enough to satisfy demand. If banks run short or at times like ...

How much money is there in the whole world?

Are you referring to just cash ie something physical or cash + bank deposits ie physical money + money that exists electronically? We live in a debt based monetary system. For every dollar in a bank account there is a dollar of debt somewhere. There ...

How much money is there in the whole world?

Most central banks publish money supply figures although they don't always use the same definitions url and some economists would argue that the existing definitions are not correct e.g. url

How much money is there in the whole world?

Adding to a losing position is a sure way to blow out your account. Think about it this way - you are going to have your largest size on when the market has shown you, your initial position was wrong. So you are taking a huge risk just to come out ...

My 60 day challenge (Yes i know another hero...)

I doubt that reading Mark Douglas's book is going to change things for you if you know the problem. What I would suggest is don't look at your P/L and don't judge your trading by your daily P/L. Your job as a trader is to follow your plan. Grade ...

My 60 day challenge (Yes i know another hero...)

How many people make a living from playing golf or tennis professionally? How many have the capital required - my guess at least 100K Anyone can open a forex account, deposit $500 and call themselves an fx trader. Is it any wonder that 95% fail?

Is making money in FX that easy?

Hang on a minute - he did everything wrong. Look at what he says >> ... I went long ... when RSI hit oversold >> How do I know when to stop losses? >> ... previously ... I held my positions and losses just long enough to eventually break even or ...

EUR/USD Scalp 1 min

today was an amazing day on the EUR 150 pips up 225 pips down. You should print out a 5min chart because these kinds of days don't come along all that often. There was so much money to be made trading EUR today it was unreal but most people won't ...

the most secure 5 pip scalping system

On your last chart it looks like EUR has already dropped 60 pips by the time you are entering. Not really the kind of place you can hold a trade for longer because where would your stop go? EUR could rally 20 pips and still be in a downtrend. One ...

the most secure 5 pip scalping system

I haven't tried the trading the system. I'm not really a huge fan of mechanical systems because I feel that they are better traded by computers. But I do like to look at the ideas behind them. Basically it looks like a lot of other short term ...

the most secure 5 pip scalping system