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- AllanS replied Jan 10, 2016
"I'm quitting trading..." Smart move. George is focused. He devotes 3 hours a day for 10 years, perfecting his trading skills. Over the next 10 years, he trades full-time, makes a million dollars, and wins universal praise in forex forums. Overall, ...
- AllanS replied Nov 2, 2015
Volatility on Wednesday night knocked out more than half my trades, and the compounding number of winners didn't recover by Friday. In all, I lost the gains made the previous week, which was annoying. Given the number of small losses needed to ...
- AllanS replied Oct 29, 2015
No. I'm hoping "natural selection" will do the synchronizing for me. Cheers
- AllanS replied Oct 29, 2015
Thanks for the links. Very interesting reading. The pessimist in me (the realist?) suspects that any simple strategy is doomed to fail. Suppose "Buy USD every second Tuesday" actually worked. Soon enough, every trader in the world would be buying ...
- AllanS replied Oct 28, 2015
Yes. Demo, and 0.01 lots.
- AllanS replied Oct 27, 2015
kprsa: If last week went up, do you know the probability this week will go up also? If it's greater than 50%, it's definitely worth noting. Every bit helps. Given that many weekly candles have substantial wicks, I'm wondering if it might be better ...
- AllanS replied Oct 27, 2015
Doing some back-testing by hand, I've decided that moving the stop to break-even quickly kills too many good trades. I'm going to trail the stop so that the price has to retrace through two areas of resistance to kill it. Using the biological ...
- AllanS replied Oct 27, 2015
Yes. I've no reason in principle for not having an initial stop a level or two away. Given a pretty-much random selection of pairs, a nasty move in one will generally be balanced by a nice move in another. A false sense of security, perhaps. As we ...
- AllanS replied Oct 26, 2015
All the majors and a random selection of the minors. I'm not looking to trade weak currencies against strong etc. I'm not clever enough for that. The whole idea is to breed winners and kill losers. I'm letting the market be clever for me.
- AllanS replied Oct 26, 2015
yuki, I couldn't get your video to load. What's the url? Cheers.
- AllanS replied Oct 26, 2015
Yes. Sydney time. Roughly 8am, 4pm, 10 pm, fitting in round work etc. Nice thing about this approach, if it actually works, is the small amount of time needed to run it.
- Survival of the Fittest
The market is an ever-changing environment, and my position is an organism that is trying to ...
- AllanS replied Nov 30, 2014
Good reply. I traded futures 20 years ago. Very proud of my system. It had an historical win rate >75%. Dozens of wins in a row. (The wonders of curve-fitting.) Traded live, it fell over in months. Long term is the only hope in this game, assuming ...
- AllanS replied Nov 30, 2014
Couldn't resist. I'd argue that if a trend is "whatever you want it to be", it's impossible to define. Do I have to be able to predict the market? Yes. A little bit. Just enough to get an edge. Is that possible? For average punters like ...
- AllanS replied Nov 30, 2014
It's a secret, alright. The daily top will also be a 5m top. But who in their right mind wants to stare all day at 5m charts? We need a magic EA that brings 5m entries to BE (without using Martingale). But if we could do this, why millipede? Trade ...
- AllanS replied Nov 30, 2014
I've found no useful relation between what happened yesterday and what will happen today. You may as well toss a coin. Higher time-frame "trends" don't help because they're impossible to define. If you can reliably identify a trend, within a month ...
- AllanS replied Nov 30, 2014
Yes. The trick is to find the absolute top over and over in various timeframes. Unfortunately, the market will shake you off almost every time. Basically, a top is the last stop-hunt. Until the next one. To my knowledge, the lowest risk entry is a ...
- AllanS replied Nov 30, 2014
Given enough traders tossing a coin, half will double their accounts in the time taken for the other half to lose theirs. If the average time to do so is 12 months, and we begin with 10000 traders, in four years we would expect 600 winners who have ...
- AllanS replied Nov 30, 2014
A generous offer, Stu, but one I'll decline. I demo-traded 50k to 700k earlier this year. Then, using precisely the same strategy, I blew the account. This will be the unhappy experience of every trader in this market. I believe, in principle, that ...