Thanks markmm, I am far far away from 90% hit rate and doubt it is achievable ever on a consistent basis, no matter for how many centuries one is trading. The reason is simple, there are so many volatile and variable factors affecting currency ...

How Much Do You Risk Per Trade?

Don't make fool out of yourselves. Fx trading for retailers is all about numbers. You are small fish in this ocean that is full of sharks. You will achieve success if have your numbers right. Do not even think about more than 1% risk on all your ...

How Much Do You Risk Per Trade?

Rival Amazing strategy — One more strange discovery. Can We combined these two to come up with AMAZING STRANGE STRATEGY (or ASS)? url

AMAZING Strategy!!!

Please don't ban liquidity providers. Let him first transfer his account balance to some fellow traders.

Novice Question

Death is proof of life and tax is that of income. As I said think like a winner or focus on the positive side.

Novice Question

I respect your thoughts, but sure market won't treat you very nicely. Grail is not in a system or method but it is a way of thinking ........... think like a winner with proper money managment and success is guaranteed.

Novice Question

Thoughts A. The original intent was to open a position and let it run until it hits sl or tp. But I did not very strictly follow this rule after first few sls got hit. B. Some of the postions targeted more pips than others. I did not adjust number ...

Chicky's Trading Journal

22. Jun 18, 12:53 EU B 1.3971 SL1.3940 TP1.400 P/L Closed at 1.3984 June 18, 13:26 (10 positions @13.3) +133 Pips Summary of trade results: Previous= +616 pips This trade= +133 pips Total = +749

Chicky's Trading Journal

20. Jun 18, 12:55 EJ B 134.58 SL132.81 TP135.98 P/L Closed June 19, 8:15 at 134.84 +52 pips (26 @ 2 positions) 21. Jun 18, 21:25 EU B 1.3918 SL1.3860 TP1.3968 P/L Closed June 19, 8:15 at 1.3932 +14 pips Summary of trades Previous = +548 pips These ...

Chicky's Trading Journal

18. Jun 17, 13:40 EJ B 133.02 SL130.99 TP1.3695 P/L Closed trade before new release Jun 18, 7:30 at 133.65 +63 pips 19. Jun 17, 20:39 AJ B 76.20 SL74.68 TP78.22 P/L Closed trade before new release Jun 18, 7:30 at 76.31 +11 pips Previous trade ...

Chicky's Trading Journal

16. Jun 17, 01:00 EJ B 133.87 SL132.38 TP135.00 P/L Hit SL Jun17 11:55 -149 pips 17. Jun 17, 01:46 EU B 1.3890 SL1.3849 TP1.3945 P/L Hit SL Jun17 6:52 -41 pips Summary of trades: Previous +664 These two (-149-41) = -190 Total: (603-190) = +474 ...

Chicky's Trading Journal

Yes. Yes and Yes. and there are more than one. I know this because my father found one, used it and made a lot of money. He never told me what it was, but after his death i researched, met several of his friends, read his notes, went through his ...

Do you still believe in the perfect trading system?

Thanks Jay. My horse-race bookmaking experience tells me that one has to change positions and rates based on odds, total collection and total payout. Fx is also a simiar game with several variable factors in play. These factors behave differently as ...

Chicky's Trading Journal

Several trades would have remained open till this time. However, estimate that I would have been in negative for about 300 pips. My entries were not right for four reasons 1)I did not wait for active sessions to get market direction 2) Traded mostly ...

Chicky's Trading Journal

14. Jun 16, 20:03 UJ S 96.08 SL96.77 TP95.36 P/L Hit SL Jun17 2:21 -69 pips 15. Jun 16, 22:42 EU B 1.3851 SL1.3815 TP1.3883 P/L closed Jun 17, 00:16 at 1.3876 +130 pips (5 positions @ 26 pips per position) Summary of Trades Previous +603 These two ...

Chicky's Trading Journal

Thanks Cobra, It wasn't a good start (not in the sense of pips but following rules). Will try to stick to rules.

Chicky's Trading Journal

Summary of previous results: +44+42-127-121-189+100-170+53+84+98-96-8+893 = +603 url 1.It is difficult to manage five positions at a time, also impossible to update journal in real time. 2. In the future will limit number of positions to two. 3. ...

Chicky's Trading Journal

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Last words of a trader

Three is my lucky number after 13. Other lucky numbers are 11 and 21. Thanks for all your support and encouragement. I will seek your advice as before. Thanks Jay.

Chicky's Trading Journal

Thanks AK. Let's see how it goes.

Chicky's Trading Journal