What I am going to say is under the understanding that we are not talking about only going for 10 pips, and as I have been reading your threads, I am sure you are not..... Let's take a fictional scenario: Right now you see a triangle forming on the ...

Price Action Trading: Exit Strategy and Filters

Quote: Originally Posted by superdezign image ...but did it backwards, where you exited randomly and entered using a well devised strategy, I bet you would lose money in the end. its a bet now we just have to find the experiment! ...

Exits: Our worst enemy

interesting thread. — This thread my friends, is what makes this place so good. We are up to 76 posts without anyone getting personal. Although the discussion isn't a "system", it is something more. It's an idea. I have recently learned that ...

Exits: Our worst enemy

For now, I am only looking at rectangles and triangles, just because there is so much data to compile as it were. But.....I certainly would also be interested in double tops, etc. as well. And although I agree 100% about a perfect breakout being a ...

Testing the breakout.

I was curious about this too, so I pulled up a current chart, and it sliced through it about 7 or 8 times in each direction. Although.....ONE time it bounced off of it.

Why exactly do EMA crossover systems not work?

I think your friend's post (Aicccia, who is asking why these systems don't work.) probably says more than I ever could. url

Sick of all the MA crossover systems

I couldn't help but jump in on this one. (And I am sure I will be sorry I did.) Moving averages are the plotted version of the average of a certain amount of candles in the past. Great. Personally, that says volumes to me. (As I am more inclined to ...

Sick of all the MA crossover systems

Possible testing group? — Hey guys and girls, I thought about this a lot last night, and to be honest, I have never really back tested the breakout method. So, I was thinking of doing some research on this. I mean, up until now, I just did it, ...

Breakout Strategy - The Pro's Way

I couldn't agree more with these points. Especially with the first 3.

Exits: Our worst enemy

I have recently started trading naked as well as some of the people posted in the first couple of pages in this thread. I used to trade Raghee Horner's method, and had some success with it, but with that (and many other systems) I found that the ...

Breakout Strategy - The Pro's Way

Merlin, you are enlightening yet again. Which of course, makes my brain itch. (Too much thinking.) So in theory, since I am currently flat the Icelandic Krone / Israeli Shekel, I am in a position? (I'm sure someone somewhere in this forum is ...

Exits: Our worst enemy

I have to admit, this is something I have learned recently, and agree 110% with. Just like the "Trend Traders", our job is to get the "meat" of the trade, not exact bottoms or tops. If it ends up going on through the resistance, then so be it, be ...

Exits: Our worst enemy

For what its worth - I agree 2000% with opening a micro account. Throw like 500 dollars into an account that allows penny/pip, that way you can also do things like play 4 cents/pip, so you can practice multiple exits/splitting lots, etc. Now if I ...

Profitable consistency.

I wasn't suggesting that he not practice money management, I was merely pointing out that the odds are even more against him now. He obviously doesn't know how to trade yet, as most of us probably fall, or fell into this category for a while. But ...

Help me out? I need the help of you.

Aren't you the same Faith that wrote the Cornflower System?

Please suggest a simple & effective Method/System of "Trading System" Forum to...

As someone who unfortunately works in the construction industry, you can't imagine how true that really is.....

Profitable consistency.

His biggest problem is the $1,175 that he invested. I am not from the third world, so I GUESS it's easier for me to lose money and survive in this game. Having said that, there is one thing I have learned in about the last 8 months. (This may be the ...

Help me out? I need the help of you.

The point is this: If you are playing at 100 USD a pip, on a huge account, then 10% means a lot more that my mini account does. The point the original poster needs to get to what HIS goals are. I know that a lot of the big boys also play futures, ...

Forex Profit... Im sorry but... (10% per month?)

Shouldn't that shoe in the picture be made of wood?

How soon after you put on a trade do you expect to be "in the money"?