not sure how fifo works, never has been an issue. I am with GlobalPrime. their live spreads PRE-london open. url it gets lower later.. but they do charge $7 per 1 lot per round trip commission... but to me 1-2pip spread doesn't really matter when ...

Trading EURUSD only

I believe the day trading here done by most is good because it's discretionary and not random, just to clarify haha.

Trading EURUSD only

Yes, for three weeks, good results that reflect the system's testing. The only difficulty was that placing five trades in 2 minutes can get a little tense when the clock is ticking... haha but practice makes perfect over time.

Trading EURUSD only

from my backtesting I am expecting a 3:1 RR of profit:drawdown with average DD of about 300 (+-150) pip and the average weeks of 900(+- 600 pips), whatever pip:risk ratio you want to use is up to your own risk preferences. say if you decide to risk ...

Trading EURUSD only

In general I look at fast MA > slow MA to define a trend, and I only take a signal when it's presented when the trend is still intact... say this week's eurusd trend was broken temporarily (in my books), so I didn't take the eurusd short, but I took ...

Trading EURUSD only

nope, I initiate based on candlestick patterns at value areas (defined by the MAs). I have 6 different exit strategies, 3 of which that is based on chart patterns clearly spelt out. this is for trend trading. I have no SLs, I close the position when ...

Trading EURUSD only

no, i only use 4H time frame for all the pairs and on my chart I only have 20 and 60 moving averages and that is ALL i need to make my decision... I have tried day trading short time frame before, I just blow up too easily because I start using ...

Trading EURUSD only

I agree if you watch it all day, I only make decisions on close of 4H candle so my chart time per day can be capped to 1hour. after all, business is about maximising hourly earnings, not absolute earnings... Forex is just one of the business. I have ...

Trading EURUSD only

I trade all 26 pairs. it's the only way to trade follow the trend (in general) and not suffer drawdown weeks because there'll always be trending pairs that'll profit hugely. for example, I caught the 200+ pip downmove across all euro pairs on monday ...

Trading EURUSD only

I learnt it the hard way why I doubted my system and judgement... For example, I closed last week's EUR/USD long early and watch it shoot up 50 pips to my target...

Trading EURUSD only

Now for the toughest part of trading - sitting and waiting for the profits.

Trading EURUSD only

video

What kind of music you hear while you trade?

I trend trade all pairs on the 4H timeframe, using only 20 and 60 period moving averages... A typical week is a 1200 pips with a max 400 pip drawdown.. This is definitely where the $ in trading is.

Trend Trading All Pairs

Thanks for the acknowledgment. Anyway I track this thing called EURLFX which is basically the euro index, the 4H chart is showing me a familiar pattern of 4H counter-trend reversal... USDLFX (is on a downtrend on the 4H chart) is the 20EMA on the 4H ...

Trading EURUSD only

hahaha, you woke up just after it spiked up. what timing .

Trading EURUSD only

I'm LG and my TG is 1.31 too, reason being if you look at the 4H chart, every down move has been followed by a short up move and then a retest of that lows which leads to a further up move. So last week's up move was the first reaction off this ...

Trading EURUSD only

I'm see some potential for this week's candle to form a pinbar reversal and then we will start the month of april in an uptrend. I draw my conclusions by studying 4H charts extensively... What we have formed these two days across most of the euro ...

Trading EURUSD only