Exactly. Unfortunately these types of MM tactics don't work or we'd all be rich. All he needed to do was to go flip a coin 50 times and he'll probably see a few streaks even in that small sample size.

Money management - What is the secret?

But what happens when you lose 6 in a row? You keep adding more risk each trade? Plus, as you lose 60% of the time your risk per trade will drift higher and higher.

Money management - What is the secret?

I'm thinking this pair will go to 85.00 before it goes to 101.45. This range we're in looks extremely bearish. There is very little support below. I expect price to be at 85.00 by the end of the year.

USD/JPY Discussion

Something that I just realized the importance of is for price to make new highs after what looks to be good reversal spots (as seen in chart 1). Many times I have seen a good reversal spot, and jumped the gun. It is important for everything to look ...

Zappa's Journal

Going long here on USDJPY. Targeting 106.20. This is more than a 1:25 r/r trade and I am risking 1%. I lost about 5% over the last 6-7 weeks and I made a lot of stupid trades. Sometimes I am guilty of taking trades when I shouldn't be doing ...

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Hello momochi, good to hear from you. I'm just trying to keep my head above water for last month and a half. I've been fine tuning a new tool I've discovered, but its been bumpy at first. I did a lot of backtesting with it, but apparently not ...

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Its appearing likely that I will be stopped on AUDUSD, so I am getting out early and reversing. Once 0.9249 is touched, stop will be moved to .9281

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Buying AUDUSD here.

Zappa's Journal

Hi Bogi, I viewed a couple power buys from 1.7873-1.8072 as hints that it would go up. I also saw a pattern that usually works out. Both observations failed me this time. I scalped the AUDUSD for about 35 pips after getting stopped on GBPAUD, so it ...

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This looks like a good one. Buy GBPAUD

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GBPNZD almost to target. MOving target on USDCHF. (chart)

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Putting on a short here in USDCHF.

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Got out of AUDNZD for miniscule loss. I jumped into GBPNZD just now. It looks very likely to go to 1.9275 which is where I would've bought. So I am long now at 1.9208. Stop can move to 1.9100 when 1.9275 gets touched.

Zappa's Journal

When market opens I am going to exit this AUDNZD trade near b/e or for very small loss. I think this trade is a little premature, maybe later in the week it will be of better timing/probability. GBPNZD long looks good if it can get up near 1.9275 ...

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Out of GBPJPY long at 170.90.

Zappa's Journal

Adjusted stop on GBPJPY. A very safe target is 170.80, but I think there's a good chance we'll see 171.38.

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Long AUDNZD

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I don't have the patience for something this long-term, but going long GBPUSD right now for a long-term move looks like a no-brainer.

Zappa's Journal

NZDUSD long still open. GBPJPY stop adjusted (chart), and new position added (chart) with same stop. Target has also been lengthened.

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Entered NZDUSD long (chart 1) Changed target on GBPJPY (chart 2)

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