Hi, The logic lies in basic maths and the fact that markets are inherently uncertain. To elaborate a little with an example: If I only risk 1% of my account on a trade and take a 1:1 return:risk on each trade I'd need a net 50 winning trades to ...

Hi J-F, Thank you for your kind words, and I can assure you I do trade this stuff for a living - hence the lack of BS, I can’t afford it if I want to eat regularly! I am ceasing posting because the evidence is in front of me that I am better off ...

RANT #7 - Einstein, Pandora’s Box and Gordian’s Knot The conclusion of the previous RANT (post #82), in suggesting the mental game is an important consideration in becoming a better trader, opens up a veritable Pandora’s box of psychological and ...

End of Days Hi all, A very early update & analysis today as my daytrading has, happily, finished quickly today, more on this later. First, though, a more leisurely analysis of the recent parallel trio of trades in Aussie, Euro and Yen that was ...

Hi all, Quick early morning update. Both our open trades in USD/JPY and EUR/USD moved up into profit and, given the mainly negative roller coaster ride we have had with them, both have been closed at market for a few pips net profit on the the pair. ...

Hi foxerr, Any strategy, including random coin toss, can be a 1:5 R:R method if you simply set TP=5xSL. The clever bit is not that, it's finding a method where the success rate is better than 17%, i.e. better than the breakeven condition of 5 losers ...

Hi all, Here is the Monday update for the three markets (last set out with chart in post# in brackets): AUD/USD (post #88): Current 7707. Aussie has today tested prior lows at 7700 and is little changed on the day. We need to wait and see how it ...

Hi alphaviech, An excellent thread. I am particularly interested (and agree) in your statement that profitable trading perhaps requires an unnatural thought process. Could you elaborate on what you see that as being? Many thanks

Hi LetUsForex, Looking at your TE trade list it appears (if I've understood it correctly) that you've had losers in 9 out of your last 10 closed trades. If that is so, you need to take a trading break. Something is probably not right (unless your ...

Hi all, Time for the Friday update. Being the end of the week I attach fresh charts for all three markets so as to get ready for next week: AUD/USD (this post): Current 7713. The Great (Aussie) Escape. As mentioned in the pre-update, post #87 above, ...

Hi all, Quick pre-update. Amazingly, our Aussie trade, after being within 2pts of the stop loss has turned around and shows 100pts of net profit at 7720 which we shall gratefully take, chart attached. Full update later TRADE #12 - CLOSED £1/pt ...

Hi, Apologies for being negative, but if this is genuinely where you are at after 10 years, I really think you should consider the evidence and perhaps conclude trading just isn't for you. There is nothing wrong with admitting defeat, better than ...

Hi all, Here is the Thursday update for the three markets (last set out with chart in post# in brackets): AUD/USD (post #72): Current 7798. This market is surprising me almost every day. After missing being stopped out by 2 points yesterday, Aussie ...

Hi, If you read about speculative trading on markets 100 years ago and more, you find there were no charts or any of the various indicators we take for granted now. The price feed was a ticker tape and the core skill was thought to be good tape ...

Hi all, Here is the Wednesday update for the three markets (last set out with chart in post# in brackets): AUD/USD (post #72): Current 7882. We are virtually net unchanged from yesterday but this hides the fact that Aussie ran up to 7818 this ...

Hi Ihor, Many thanks for you kind words, much appreciated, though wisdom is over generous, they are just some distilled thoughts from many years of market experience. As for my daytrading trade management, you ask some very perceptive questions that ...

Hi akash14, I don't know what your method is but, from your posts, it's evident you don't let your method play out and you are always looking and arbitrarily adjusting. Either you lack genuine confidence in your method or you lack the emotional ...

RANT #6 - Separating The Predators from The Prey Despite the gloomy predictions at the end of the last RANT (post #68) we are still here and now worrying that we need to become a better trader or we are liable to be the prey rather than the ...

Hi all, Here is the Tuesday update for the three markets (last set out with chart in post# in brackets): AUD/USD (post #72): Current 7878. We are flirting with danger on our Aussie 7820 short trade as the market tested 7900 today, our stop sits ...

Hi, It all rather depends on what kind of risk you are assuming and the nature of your system. If you risk 1% of the account per trade you wouldn't expect 50% profit per month, neither would you expect large drawdowns. However, risk 20% of the ...