Hey Cube, did you get in on the move @ 0505 am today on the gbp/jpy 300 pips ?? using your system I gained +27 today eur/usd,thanxs...
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DislikedForexcube,
what is the probability of blowing an account with your method according to you ? Also each day when you start trading do you know blowing your account is nearby or do you feel secure with your method ?
I would appreciate an answer without considering the fact that your account now is funded with profits from previous trades only.Ignored
DislikedHi,
I tried with some success on the 10 sec yesterday and did ok, around 30 pips in one hour. There were some nice thrusts that mainly contributed positively to my pip tally. But today it's really break even after one hour. I think volatility is lower, my ADX is between 20 to 30. Do you think we should get better results and have a rule of trading the 10sec when ADX is say above 30 ?
Will keep working on it.Ignored
DislikedSince I am new to this forum, may I kindly ask if any of you has actually traded with real money on such short time frames with any degree of continuous success, like 3 months or so?Ignored
DislikedI am not trying to ruin your feast. However, since I have an extensive experience in trading forex short term, I am convinced that testing anything on a demo is pointless. It is also pointless to make any short term system "react" to anything, like indicators or triggers. You have to have your limit or stop order in the market before any signal takes place, because otherwise you are trading on history. What I mean, is that you will get too much slippage to make any short term trading system viable. The last time I traded EURUSD every day for 10...Ignored
DislikedForexcube,
I know this might sound discouraging, but I have actually traded on Oanda with real money, and I can tell you, that unless you are kind enough to start losing your money off the bat and fast, they will not let you make anything.
Oanda used to be less impatient with customers some years ago, but nowadays they do not even hedge, and if you by any chance start showing several thousand USD of profit in your account, you will see how big their imagination is in scamming people. My last trade was done on the "play it again Sam" part of their...Ignored
DislikedThere is no point in doing that, because you are in no position to negotiate anything, and your money is always at risk. The only solution is to trade currency futures through a reliable broker. This way you get what you see. The spreads migh not be ideal, but the prices are real, and you can trade on your price.Ignored