As a general rule of the thumb, I place my stop behind the event that made me take that trade. For example, if I am taking a pure trendline trade, then the stop has got to be behind the trend. If I am taking the trade based on a hammer candle ...

What do you think the best Stop Loss is for daily trading? I say...

It makes no difference whatsoever. Whatever you're doing has been already studied by other people before, and even if a hundred new people begin using it, it wont alter the market conditions one inch.

Sharing hurt your method?

As an intraday trend trader, my standard exit policy is as follows: 1) Half position out at the previous swing high/low of the current trend and move stop to break/even. 2) Let the second half run until: - Price action signals a reversal (pin bar ...

"Exits are where the money is."

Oanda does widen the spreads up to 20 pips during news releases, but only for some seconds, so it might not be suitable for trading the initial spike, but it's a damn fine broker to trade the fade back. Oh and I agree that MIG sucks: requotes and ...

NFP Feb 2

Another "ahaa!" moment for me, as an intraday trader, was to stick 100% to London session, specially the first half of it. I used to also try to trade off peak hours and I would lose more trades than not. After many months I understood that my ...

What Was Your "Ahaa!" Moment

I propose another way of filtering "bullish" and "bearish" market sentiment: USD - Bearish: Jerry Springle's show really gotta go man. GBP - Bullish: Daniel Craig nailed it as the new James Bond. EUR - Bullish: French bonnets are back in fashion I ...

Rating Currencies Via Political Sentiment

If "Insane Liberals" means bearish according to you, how come you rate the EUR slightly bullish? Go to France if you want to see "insanely liberal" people

Rating Currencies Via Political Sentiment

Sure, but would that be $1 pips for a $1000 account or for a $10 million account? See? pips in themselves are meaningless. It's just the "score" of the game. Let me lay an analogy out for you: in a soccer game, you might have scored 6 goals which is ...

Post your pips.

what "what"? LOL

Anyone using high leverage successfully?

I personally risk a fixed 2% of my account per trade, and my historical win/loss percentage is around 50% (thanks God I only enter trades with an expected risk/reward of 2:1 or better). However, if my historical records showed that I've been ...

Anyone using high leverage successfully?

What's all this pip-mania I keep reading on the forums? it doesnt matter whether you have made 700 pips a month or just 100 pips. What matters is equity increase, max drawdown, consistency ratios, etc, not the pips themselves.

Post your pips.

This could become a very nice thread. In my case, I dont think there's been one particular "ahaa!" kind of point of inflexion in my trading but rather a slow and painful evolution. However, I did notice a substantial jump in my profitability when... ...

What Was Your "Ahaa!" Moment

The park? the public library? the children's playground? Hmmm I wonder how much the library funding compares to the Iraq affair funding? Just curiosity, of course...

I don't want to pay tax

Go get them tiger!

Going Live-finally

One of the main points I learned from blowing my first mini account was: do not try to intraday in off-hour markets. You just dont have the momentum needed for intraday trading, price butts around and what should have been an easy 20 pip ride ...

blew out another account...Just venting...

GBPJPY had dropped 200 pips during the Tokyo session. EUJPY over 100. I see no news release scheduled for last night. Very strange indeed...

What is with the JPY Spike?

I am trying to goof around with boxes on a demo account but it always says: Purchase price is too low. ?

Successful Box Option Trades (Oanda)

Analysts dont know. Traders (big dogs) sure do. It's been a while I pay NO attention whatsoever to what analysts say.

My trade cockup - UK retail sales

This I dont agree with. Rather than "learning" a specific pair, I'd recommend getting familiar with a specific type of market condition/formation, regardless of which pair it occurs on. For example, let's begin with the very basics: ...

What are common candlestick patterns?