I need a lot more data to answer that question: Based on this limited information one would be "floating", however in order to "swim" with the big fish, information such as providing the driver that is causing prices to move (If any), break down of ...

Diary of a Trader - "18 years and counting"

Possible, if there is no other pending news related events than yes in most cases, if the index and other similar based currencies are in sync and as always start small incase you are wrongs in your analysis.

Diary of a Trader - "18 years and counting"

Never said sentiment was based on pure TA, it needs a driver to create that, Please refer to my earlier postings.

Diary of a Trader - "18 years and counting"

The index charts will show the truer sentiment based on the depth of the pullback. In addition you can have all similar based currency charts up and running, as they move in sync (meaning seeing shallow retracements across all of them). To see this ...

Diary of a Trader - "18 years and counting"

If you feel I am floating to each their own, while agree with much of what you have posted. If you noticed there are no indicators in my charts based on they are ruled based and the market is not defined by a set of rules, when institutions start to ...

Diary of a Trader - "18 years and counting"

Yes, I create a gameplan at the start of the day all traders need one based on you are going up against the very best in the world, let not make it any more easier that it has to be for them. Never said I did not support a small account, what I said ...

Diary of a Trader - "18 years and counting"

Here is an example of Index of the GBP and the how institutions have been driving up prices since 2 days ago. image Not much of a pullback as they have been, adding and adding and adding, which is fine, I just want to ride with the whales ...

Diary of a Trader - "18 years and counting"

Yes and Yes. The key to stacking trades as I have said this several times throughout this thread is starting small. I know from my own statistical analysis (Myfxbook and spreadsheets that I have created) shows I run between 50 - 60% a W/L ratio and ...

Diary of a Trader - "18 years and counting"

Please provide the .mq4 file

I will code your EAs and Indicators for no charge

To address your questions: 1. You trade multiple pairs? Yes, depends on the trading model, if it is a rate decision I may open several similar based currency pairs and those that show promise of better follow through will add to those positions vs. ...

Diary of a Trader - "18 years and counting"

Greed is always a trader's achilles heel. Hopefully you have developed some processes to avoid that. Don't beat yourself up too much we have all been there.

What would you do if you had to start over?

Looks like you keep purchasing a methodology with the same results for the past 10 years, at this point you see something these all have in common (no consistent results). If you need see what that means use the Ben Franklin on each of these. The ...

What would you do if you had to start over?

Let me try to answer your questions: 1. how do you measure MaxDD? Since my clients look at the bottom at first, I go by their view, anything above 10% they start to ask questions. The float is the other portion they are concerned with. I take steps ...

Diary of a Trader - "18 years and counting"

Over the years of visiting FF the following members are ones I have found most helpful in their tools they have provided to traders: Hanover Poruchik FerruFx

Diary of a Trader - "18 years and counting"

Great insight

Diary of a Trader - "18 years and counting"

This works best (on the majors) when news, sentiment and TA are all in sync such as rate days. Have found looking at the hrly charts helps to filter out enough noise (nothing is perfect). If the body of the candles following the news break has a ...

Diary of a Trader - "18 years and counting"

Thanks for the compliment, however I do not view myself as a great trader just someone that is persistence, accepted my weakness and developed processes to overcome them. I do not use EA's. I look at momo, patterns, fibs, laws of nature, etc.

Diary of a Trader - "18 years and counting"

LOL, well refer to the posting of the 3 traders earlier and that was 12 years ago with that purpose, it has grown by a little bit since and help support a few organizations these days .

Diary of a Trader - "18 years and counting"

Viewing index charts is helpful: are they trending in the same direction? Are there any other newsworthy events that could have an impact on the pair you are trading for the the rest of the day? For the hrly charts are the following candle ...

Diary of a Trader - "18 years and counting"