How can you only risk 1% per trade? If the trend turns against you and you are down 500 pips before realizing the trend has changed, if you close you will lose more than 1% of your account. No stop losses are risking 100% of your account.

Pip Farming: An Experiment

Are you doing this live? If so, you've got guts! In theory it should work, the trend is always right, as long as it doesn't change, which can take a very long time anyways. I agree, most people can't psychologically handle being down half their ...

Pip Farming: An Experiment

if it can close above 4650 on the daily then it may be a good buy signal

Gbp/Chf

Have you checked the daily, weekly, or monthly charts for cad/jpy?!?! I think shorting it would be suicide, and the usd/cad is still trending down nicely, and until I see it giving any decent signs of a reversal i wouldnt think about long at all.

USD/CAD - 1.0821 - shorting risks?

Generally speaking the news should never be traded by someone new to forex/trading. The way the "pros" do it is seconds after the data is released (FF calendar is good, but not quick enough to do actual news trading) execute their trades. Then there ...

Beginners In Trading News

I think it may retrace down to 7200 or possibly even 7100.. 38 and 50% fibs.. its also in quite a downtrend on the smaller timeframes, though obviously up on the longer timeframes, so i'd simply wait till 72 or 71 then place a buy.

NZDUSD Discussion

Prime example of cut your losses. Might be only -$2,000 right now, but it could soon wipe out your account. Hoping is not enough, and thinking that way is only going to hurt you. Should have set a better stop loss!

USDCAD trend reversal?

charts yes, indicators no.

Do you trade with or without a chart?

thanks for sharing i'm sure a lot of people will learn from this!

My Rules for Forex Trading

double tops and bottoms, 4HR or daily, the farther apart they are, the better, and the closer they are (don't have to be exact, but within a couple pips) the better as well. works on all pairs,

What price action patterns work for you?

If i understand you properly then now that you have $105 in your account, if you want to consistently risk 3%, then you would now risk $3.15 per trade. Likewise if your account went down to $50,, @ 3% risk per trade, you would now be risking $1.50 ...

expain simple risk/compound

maybe set a trailing stop of 30 (or however many pips you are comfortable with) pips and let it go from there. that way you are guaranteed 470 pips, and there is a chance you will get a few more.

Would you take profit with 500pips profit or?

tdion, while i understand your approach, i don't really agree with it. if you are emotionally sound and can trade each and every trade by your rules without becoming emotional, then (assuming you have 50% win expectancy) your next trade could go ...

Dynamic risk allocation

Love the trends... I don't use any indicators, just trendlines, S/R and the occasional fib, as well as candlestick evaluation. what SMJones says, find a trend and buy dips (or sell peaks). I use dailys and 4hrs, weekly to sometimes see the bigger ...

Follow the trend!

Still developing the homepage while recording my trades there. Nobody really knows about my site (until now, lol) but if anyone feels the need to open new trades or close my open trades a quick SQL edit will remedy that. But, if anyone wants to try ...

Equity growth calculator

Fear (of losing the positive pips I've already earned), and impatience, a tiny bit, though I've almost conquered it.

What's your negative emotion that you're most prone to when trading?

it may go up a bit but over the next week or two i think we may be headed way down.

Cable Update (GBPUSD)

Looks to me like though it is in an obvious uptrend (4hr and daily), it has stalled right on the 78.6 fib line, so wait for a signal for it to break out bullish, and then take a long, just my thoughts. edit: and a perfect double bottom on the 4hr, ...

Daily GBP/JPY analysis