NZD/USD image Will be looking for opportunities on this pair during NY session. If price makes new low during asia session/london, will be looking to long; if price retraces will be looking to short. CAD/JPY image Expecting a retrace on this ...

Somewhere to document my thoughts...

I don't think anyone here is talking about beating the market though... it's more about reading the pulse of the market. the better you can do it, the better your entries will be and the less drawdown you will have. As I said, if an entry isn't ...

Trading Without a StopLoss

Other than these two main trades, the strategy for the rest of my daily trades is quite simple. Trading hours: 30min before NY Open until 2hr30mins after open. basically about 12:30pm-3:30pm London time. Entries are based on confluence and EW. More ...

Somewhere to document my thoughts...

EUR/USD. If I had more margin I would definitely go into this trade as well. but let's see how things go, if my GBP/USD trade turns sour, I might switch baskets and go into EUR/USD shorts. This is my current view for the pair: image Looking to ...

Somewhere to document my thoughts...

Currently in a couple of GBP/USD shorts. This thing is a beast. Looking at the GBP/LFX weekly/monthly charts, I can't pinpoint whether we are in a 3 of 3 wave up or whether we have just completed a complex WXY correction with Y being a zig-zag. Both ...

Somewhere to document my thoughts...

yes only take if I see 5 waves down

AUD/USD

Yeah my view is CONDITIONAL on AUD/USD heading down to make new lows first once the week starts. If instead it retraces and completes correction then I expect more down. but my sensing is that many traders are positions for an upmove from here ...

AUD/USD

to elaborate, for 1) If your edge is very strong, you can often get out with a small profit or breakeven when you are in a 'bad' entry; most however can't read the market well enough to know when to take the loss and when to WAIT AND ENDURE until it ...

Trading Without a StopLoss

Exactly! The stuff this guy posts is simply gold if you actually trade. This method is simple enough for most newbies to grasp and actually profit from it without knowing much about the market. Ofcourse, indicators are less precise than using price ...

Trading from an Experienced and Successful FULL TIME Trader

I think there's quite a lot of truth in some of what you're saying. Interbank dealers according to what I know don't use stop-losses. They simply manage their positions. I read this somewhere on this forum and I think this is everything you need to ...

Trading Without a StopLoss

Like how he kept buying cotton and then went broke that time because of that trade?

Trading Without a StopLoss

Simple, EUR will go down much faster than AUD goes down, but USD strength brings both down together.

AUD/USD

I think in that case the best money management is to go all in on the first trade and then end it there regardless of the outcome lol.

Cable Update (GBPUSD)

Yes but I think if a method does not suit a trader's personality then for sure the trader will go broke trading it. Each must find his/her own style is what I believe. Eventually, after all the failures, one may arrive back at this simple method, ...

Cable Update (GBPUSD)

I think GBP/JPY has one more high to go, but that's only because JPY weakness might get overwhelming. But who knows, see what the market does next week.

Geppy's Geppy Thread (GBP/JPY)

I think back-testing works in so far as to prove to yourself that your edge works. But if as you said it only works for the last 3 years then you might want to be a bit concerned about its future potential given that it has failed before in the ...

Opinions on how far to backtest

GBP on aggregate: seems to be suggesting third wave down. /JPY on aggregate: suggesting third wave up. conclusion: choppy action next week. trade plan: stay away from GBP/JPY and if anything go long USD/JPY instead.

Geppy's Geppy Thread (GBP/JPY)

They're not specifically targeting you. It is just that retails happen to have stops bunched up in obvious areas. Interbank FX traders like to sweep those areas to get liquidity to fill their clients' or their bank's trades.

Trading Without a StopLoss