I won't quit — I am not a profitable trader. I also lost my job (which was a high salary job. HK$ 50k a month) a couple of years ago (been laid off). By then i spent most of my time trading. Now I am helping in my girl friend's little shop. ...

uptrend? — excuse me but i really cant see the 4hr chart is making higher low and higher high.... is there anything i am missing?

Averaging Down is both good and bad — In my opinion, averaging down is useful for fundamentally analyzed entry, bcoz with FA, you never know where the best entry is (best in terms of timing, not price). Even the FA points to upside, the price ...

and have been trading for nearly 2 years, with method like 4h box breakout, DIB, long term buy at dip,....... and still no good results. seems fx is not for me

I tried the similar things on EUR/JPY a month ago. With breakout of the 6am-8am (GMT+8, Asia open) box, targetting 1:1 RR. If today failed, I will double the lot size in the next day. Yes, the chance of a successful trade is high, but in reality, ...

Really thank you for your advice. I really hope to learn the good trading skill and psych. from you expert. BTW, happy thanks giving day to you all.

thanks Ed. I chose a/j bcoz of the interests, but I failed to recognize the strong uptrend of the JPY recently. I tried many methods (trending, breakout, etc) and still failed. so I don't know what to do next....

Entered long AUD/JPY 3 days ago @ 81.78, SL @ 78.94 Now waiting it to be stopped out......

so, viewing a static chart you will notice 90% of time a 2nd bull bar will have a high 20 pips above the 1st bull bar's high (and vice versa for bear bars), but from a dynamic point of view (looking at tick chart, looking the price in action), what ...

no offence here... most of the modifications seen so far concern only one of the possible dimensions only... where to place entry, 10 pips buffer, 20 pips buffer, 50 pips from the close of the 1st bar... where to place stop loss, 100% of the bar, ...

The system is not dead — I am sure the system is not dead yet. Some modifications could be done to the system making it work even in the most tough years. backtesting in progress.....

just wonder what you could really learn from looking at other's P/L chart??? would like to learn that, too.

I did the same trade at 143.02 (but with different entry reason - break of reversal pin bars). also closed half at +80 pips, and now the other half has been SL at BE... the g/j pair is still sick....

My reversal long trade also hit TP1.5 and closed. Now waiting for it to resume down trend and target TP3.

after a crazy run, i guess there would be a big correction. That's a counter-trend trade but i will lock the trade once it reaches 40 pips using DIBS method. (I will also enter trade according to breakout of the 4hr IB)

i will also trade the reversal (similar to nick's method). but will target TP1 or TP1.5 as it's a counter-trend trade.

BTW who will still trade in the coming monday (due to Japan bank holiday), either full lot or reduced lot size??

i use different approach to re-enter: for the first trade, i set TP=1.5. If it's hit, then i will stay away, no more trade. If it's not hit and a reversal 4hr pin bar appear, I cut the loss, and trade the reversal. This morning I won the long ...

sorry please correct me if i am wrong. I don't really understand why having a reduced SL would lead to a less loss in a trade, while having a full 4hr bar as SL would increase the loss, if one is following the proper money management plan. the basic ...

losing is not a problem for an experienced trader, bcoz we all know losing is a "must" part in trading, no matter what system you are using. a job, or a fixed deposit in bank is more suitable for those not willing to lose.