+1 to atheer1's answer, however maybe I can add some clarity: Because there is no centralized exchange there is no 'official' opening and closing time set by a single governing body. Instead, think of it more as an industry standard/agreement among ...

I use short s/l when price moves around trading sessions. So Tokyo hardly has an opening range larger than 10 ticks. For example this morning was a scalp down from 1.2250, s/l 1.2260. The trade comes in when price moves below the opening range and ...

i manage my scalps based on accuracy. I personally don't let myself get away with anything larger than a 10 tick s/l. If i need a wider one, then its not a trade with conviction or i'm being impatient. That beings said, once I am within 10 ticks of ...

Your algo test looks good. Seems like a comfortable place from doing some scalping here and there. Do you allow your algo parameters to spill over to your scalping or are they two separate strategies entirely?

Good morning all, hope this last trading day of the week treats your accounts well. I was just mulling over some considerations and I thought it might be worth sharing with this group. If I posted this on our threads I'd probably be ...

great job. usually I try not to think in terms of $$. percentages work better for me. 50% notional drawdown and 260% profit after 1 year is quite volatile. if I were in your shoes, moving forward I would draw a line in the sand by setting your s/l ...

Agree with this. What has helped me is setting my big picture goals. Personally I don't want to be trading like I am now for the rest of my life. Passive income generation is the big goal in my book. Over the years Ive learned that 10hrs a day in ...

If you can, make those changes while youre ahead. Its nice to try and make healthy adjustments when you're 80% up, not when youve just had a major draw down. Haha, don't do what I do...I just shifted my leverage back to "grinding" mode. Maybe I'll ...

How's everyone doing? I've been swamped with work commitments I haven't had much time to just sit, watch the market, and post. @peruvian, good to see your percentage is up -- all the best in keeping it there. Personally, I tend to be a bit too ...

looks like a good short to me, hope it plays out for you

here is a snap from my broker of the 5min chart for brexit ref and todays drop... you can see that one looks like intelligible decision making is being made and the other is just algo liquidity switch **edit sorry if the earlier pic was a bit ...

i appreciate the sentiment. i see it this way, it is much easier for me to go into legal arbitration with a broker if i have an order set (essentially a contract), than if i close my position with a market order (i'm action-ably responsible) or if I ...

hmm, my understanding of how the market is structured is different. even if the 'big boys caused the crash' there is no liquidity at the base for them to get filled and t/p. the bigger their push down, the harder it is to find matching liquidity on ...

imo this wasn't an issue of 'massive capital' throughout, it may have started with a sizable order that hit the market when there are not that many orders waiting above or below; but once that happens the risk measure dry up liquidity and what is ...

depends on t&c of broker, some offer 'guaranteed' stops for even up to 25 lots. that being said, electronic execution with an order already on the system will get you out faster than any 'human hands' either way, it saved me a nice chunk of $ this ...

1. thats why we trade with s/l 2. why in the world are people buying or selling into this -- structure is broken...wait, wait till the humans can regain composure...this is all algo and panic. -- feel bad for the tokyo office this morning for ...

All the best, and have a good break. Till next time.

that's the easy part... even easier part is going from $1,000,000 to $0 in the 13th month.

...fresh start helps -- @ben: glad you didn't take too long a break. re: trading for a living, I personally couldn't. I did that for 3 years and it just didn't work with me. I just had too much screen time, over analysed and over traded. I ...

I'm just happy I'm learning. Today was a good day in my book -- gave up all my Sep profit yesterday, shook it off, slept early, woke early, wrote in my trading journal, and clawed back 5.56% today on under 1:15 leverage. Days like these give me hope ...