Flipping a coin + exactly equal stop loss and TP? That's a recipe for continually losing over time, no matter what you do or how small your risk. The only way to make consistent gains is strategic entries (learned from experience) and TP at least ...

Cable Update (GBPUSD)

Ok, EUR/USD is a good pair to trade because the spread is small and cheap and there are more interactive forums here on FF for EUR/USD than any other currency pairs for you to learn from. Try trading 1:1 risk reward ratio, like 10.4 pips TP and 9.9 ...

Cable Update (GBPUSD)

I am aware of this principle of being responsible for my own reaction to all that happens to me, and I do try to abide by it, yet there are times when someone is capable of triggering me beyond my control, which is mental and emotional abuse. ...

Cable Update (GBPUSD)

Very good. Thank you! So, from what I gleaned from your model is that 55% win rate gives me an average of 0.61% ROI per trade, and if I would average 4 trades per day, I would make +5% ROI every 2 days, then I could finish 2,000 trades in 2 years, ...

Cable Update (GBPUSD)

What % ROI did those 55 pips gain you after including all prior stop losses, if any, since your last profitable trade? Please calculate your ROI based on your whole trading account balance, especially if you didn't have open trades on other currency ...

Cable Update (GBPUSD)

Yes, so Nubcake focuses on demeaning me and riling me up in whatever way possible when I'm simply minding my own business. So, if he would leave me alone, that would mean a lot to me.

Cable Update (GBPUSD)

Now you get the picture. That's exactly what I was talking about. As far as win rate is concerned, that depends on exercising proper intelligence, experience, patience, and discipline. Practice makes perfect. So yes, 55% win rate should be bottom ...

Cable Update (GBPUSD)

Yes, my TP will be hit way more often than stop loss if I exercise proper intelligence, trading experience, patience, and discipline, therefore giving me a predictive advantage, knowing when is the best time to enter a trade, when hitting TP first ...

Cable Update (GBPUSD)

Well, I never managed to be available to trade during the volatile price action today, so I'll wait until Sunday evening/Monday to try again. So, today gets chalked up as a breakeven/no trade day. According to my chart, EUR/USD price action stayed ...

Cable Update (GBPUSD)

TP got hit. Account balance is back to $200.20. It's bedtime now. Then I gotta drive my truck through NFP. See you tomorrow after. I may still be able to get another trade in.

Cable Update (GBPUSD)

I entered another short on EUR/USD at 1.03964, which is about 5 pips higher than where I got stopped out. It looks like price is hitting resistance and could begin dropping again. TP = 1.03860 (+10.4 pips) SL = 1.04063 (-9.9 pips) If my TP gets hit, ...

Cable Update (GBPUSD)

I use the million dollar goal for motivation. If I can develop the right system with a small amount, then it will keep working no matter how big the account gets. The more money you trade, the more risky it will feel, unless you have a rock solid, ...

Cable Update (GBPUSD)

I got stopped out. My account balance is now $190.67. (-4.751%) Now I have to win 2 +5% trades to finish this cycle of +5% ROI from $200.18.

Cable Update (GBPUSD)

You're wrong there. I have already made +5% ROI every day for multiple days. But then I did also have losing days that prolonged the cycle to get to the next +5% win. I got reckless and screwed up my progress because of that. I'm not good at it yet. ...

Cable Update (GBPUSD)

Yes, please. Say that to Nubcake. I wish he would leave.

Cable Update (GBPUSD)

Take note, I have a $200 account, not a $100k account. And my system only needs a win rate of just a little over 50% for you to compound like I'm talking about. Why aim for 6% per month when I can aim for 150-200% per month and achieve it? It ...

Cable Update (GBPUSD)

I don't need to be versed in whatever scientific jargon that is to understand how compounding works. You're just not understanding how I'm looking at this system of compounding. You're thinking I will only trade once per day and try to win 5% every ...

Cable Update (GBPUSD)

Go back and read my above comments. I described how like if I do 5 trades and lose 2 of them, and win 3, that will net me 1 win of 5%. Or lose one and win 2 gets the same result. Or simply win the first one. Then the cycle starts over for the next ...

Cable Update (GBPUSD)

No, that's not why. The main reason I haven't gotten anywhere the last year is because I didn't stick to the trading because of being busy with trucking and trading demo and trying to figure out a decent stop loss system I can work with. I have been ...

Cable Update (GBPUSD)

You just wrote a whole bunch of illiterate jargon, dude. I have no idea what you said there. I am what you could call an amateur math whiz and I am 100% sure that my math is 100% correct. This growth I projected from compounding is exactly ...

Cable Update (GBPUSD)