Well I think the assumption of thread owner is disproved. Pyramiding on avg. is not rising your edge, it'S simple adding another trade. Let's move on to next thread. Thanks for sharing all.

How to Pyramid Entries to Increase Initial Risk/Reward 10-fold

I want to support something here. Please think a moment WHAT a set to BE is: It is in most cases a trailing stop - nothing more. It's named "BE" BUT always keep in mind the market don'T care if your are "BE" or +5 pips +10 or whatever. You always ...

How to Pyramid Entries to Increase Initial Risk/Reward 10-fold

Result two accounts: long 13375 (SL 13383) short 13375 (SL13367) short got stopped out (-8). long got stopped out at BE. Tony result: long 13375 (SL 13367) long got stopped out at BE. Although this is not correct (datas came 15 mintues later if you ...

Central Banks & Big Players

Tony's trades: -8 pips French Flash, +21 Pips German Flash (only long, 2:57 and 3:27) Long and short trade (I recommend to cover both sides): +13 Pips (+21 short,-8long) French Flash, +13 Pips (-8 short, +21 long) German Flash Please be aware of ...

Central Banks & Big Players

Yes, first one was loser but what happened 2:58 and 3:28 ??? Does the news leaked through ? I was busy, backtesting a system, how were spreads ? 3 points ? Excited what Tony did today, see ya later

Central Banks & Big Players

Thanks for the hint. Yes, you are right I always test it only on gridding in...(used different grids of pips). I will take a look on backtest using this entry method of waiting for consolidation - but it's harder to program. Is it better to add and ...

How to Pyramid Entries to Increase Initial Risk/Reward 10-fold

THANKS MAN !! THIS is what I always think on lots of "systems" here. SHOW A BACKTEST result. Sit down and make at least 2 month backtest. Why always lots of people throw something in here not backtesting it ?... If I do then (backtesting) so 95% of ...

How to Pyramid Entries to Increase Initial Risk/Reward 10-fold

Hi Lukasz, Tony uses only long. This means that you only cover one side and get false stats of the system. Example: If you trading only long you miss all huge downdrives after news release. It just takes longer to go only long to earn pips (if ...

Central Banks & Big Players

Nothing more to add. I could not explain it better. Pyramiding and Martingaling is useless - as long you use it as this type of market entry cause EVERY ENTRY is an individual position. I just tested the "myth" of pyramiding and "big" gains. Yes, it ...

How to Pyramid Entries to Increase Initial Risk/Reward 10-fold

Ok, test is done. Here are the results for news trading: Test by hand. (NFP,Ifo,Zew, Draghi, ISM...) Setup: 2012/09/27 - 2013/02/19 trades: 54 (long and short, 2 accounts before news) SL: 5 pips (means -10 pips if SL hit) Results: SL:5 / TP:20 -350 ...

Central Banks & Big Players

Yes, correct. European Stuff in the morning of european session works better. ZEW and German Ifo are fine cause the spread is also lower but move can be as high as on NFP/Draghi. I took -15 Pips on SL 5 at 8:30/9:30 because of NFP sometimes spread ...

Central Banks & Big Players

Hi Tony, hi folks, I'm big fan of this methods here which tony described. I'm semi pro. I backtested the strategy news trading from : 2012,09,27 till 2013,03,04 for all 8:30/9:30 trading opportunities (NFP, Draghi...,). If vola was too low (<10 pips ...

Central Banks & Big Players

nice one, good idea. I hate that trading style but nice, yes. Works long term but very exhausting, you have to like it.

EURUSD

Hi Taigen, i spended about5 years of analyzing and trading your style, too. My RR yearly is 1:6 (6:1 win whatever), so it works but it's easier to do it wih one position and using different firepower on that position. I try to trade both. Please ...

EURUSD

lol, I just wrote about the dog and the sausage... it's summer time. Next month trading changes again. Be prepared just a hint

EURUSD

oh shit... sorry man. NFP is mostly not good for breakout and not watching it. too much wiggle waggle, you know.

EURUSD

thanks for info. I trade more short term. feeding my broker ... trying to get at least to swing trading, as attila said "to the pip". Seems to be better. Damn spread rose over last year, too. Tony on other thread using also a nice trading idea. I ...

EURUSD

yeah for sure. If you work this way RR than you need to the pip. Sometimes it seems too easy and you go in too early - that's what the cleaners want you to believe and you ... and then... and repeat, as usual. At the end counts who has more in ...

EURUSD

done. stupid move. Takin' out fishes above. try to save it till monday >3280. Next gato, next time. RR was bad. Time for weekend, cheers mate.

EURUSD

expect sl hunting... holidays not over...figures in september would be good to short...now opposite. killing to 33.50. That's what I would do if I had the money $$

EURUSD