Glad it's working for you tarrini. After you add to the best performing pair, what do you do if it turns against you before you can BE the trade. When do you decide to hedge it and with which pair?

Pitbull Trader with Position Building

Good advice. ronaleo10, just trade when you get a signal otherwise just wait it out. FOMC is next week. Things should pick up from that point onwards. I'm also eager for some volatility. We had one good day this week, Tuesday, the rest of the week ...

Low Market Activity

I agree with your post. Waiting for your best setups is a ludicrous idea. It doesn't exist! You get a signal and that is it. Only after the fact you will know whether it was a good trade or not. You don't get something like a good setup or B-setup ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Really! So the OP can't express his views, not bragging, unless he consistently make 10% a month! Get real buddy, seriously. You obviously don't understand the power of compounding if you think 10% a month is low. What do you think good hedge funds ...

Trading systems are pretty over-rated

Yeah alright reading that again makes more sense now. Thanks for pointing that out. I also agree that it's the percentage at risk which is the most important factor regardless of leverage. Leverage can be increased without increasing risk. ...

High leverage -> high risk: Please explain

Hey Forexmaster. Higher leverage = Higher risk -> This is a FACT! The reason why you don't understand it is because the leverage you are talking about is actually only your margin requirement to open a trade. From your post you do understand this ...

High leverage -> high risk: Please explain

In my opinion it will be much more difficult to make money in that way. Reasons being: 1.) When betting whether a currency will be higher or lower after a certain duration, your reward for being correct is always less than what you are betting. That ...

Ramblings of a Forex Junkie

Thank you for sharing. It shows you that even though you got impressive results, you stuck to the basics. You had your plan and had the discipline to stick with it. Once again well done and keep it up.

Ramblings of a Forex Junkie

Well done! That is impressive. Why do you think you were able to be so successful over the last 2 weeks?

Ramblings of a Forex Junkie

Alright! I was afraid you'll say that.

Ramblings of a Forex Junkie

Care to elaborate a bit?

Ramblings of a Forex Junkie

Fair enough. You have your way of getting everyone's attention. At least you are giving some good advice, especially to the newer members, so glad to see you are at least contributing to the thread.

Ramblings of a Forex Junkie

I agree 100% Price NEVER only moves in one direction even when it is trending strongly. Now don't get me wrong here, I'm not talking about a small timeframe here. Yes price can rocket up without looking back. I'm referring to a day's movement. Price ...

Ramblings of a Forex Junkie

SP & Olarion thank you for the vouch!

Ramblings of a Forex Junkie

Nicely done!

Ramblings of a Forex Junkie

Hi Olarion. I'll let SP answer your question, but if I may. Just think about it like this. Is it worth aiming for a target less than 1R? You risk 1 unit to get less than 1 unit return. That to me is a definite no. So the reward should be at least ...

Ramblings of a Forex Junkie

Good day SP. You have mentioned earlier in the tread that you don't have a bias and also that you would only trade in one direction for the day. So if your first trade is Long, you will remain a bull until you are stopped out. I want to know if you ...

Ramblings of a Forex Junkie

Danc, Please don't post your trade calls in this thread. You can do that in the interactive section. SP has asked you before. He want's this thread to remain free of clutter. Your charts add no value to this thread if it's just a trade call.

Ramblings of a Forex Junkie

Great reply, Thank you SP.

Ramblings of a Forex Junkie

Hey SP, Well done on the couple of trades and thanks for the chart uploads. Yesterday's end of day chart was especially useful. Just out of curiosity, why didn't you break up your trades into 2 half positions? Setting a larger or no TP for the ...

Ramblings of a Forex Junkie