Keep doing whatever it is you're doing, you're up $800. Seems to be working so don't change anything!

..don't forget that most retail traders are heavily under-capitalised. The reason we go for "small profits" is because regardless of whether you're long/short, the market spikes in both directions to take you out before it moves in that long trend.

You have some good points there. (I'm guilty of using discretion when I know I shouldn't!)

Ok, it looks like you're pyramiding when winning. Smart. I could see it working!

More importantly, how does one determine whether the next big move would be a markup or markdown after an accumulation/distribution? Any clues from Wyckoff?

If you're using MT4 checkout my Donchian channel indicator?: url ?

The "big boys" are trading the market directly, and sometimes in dark pools. They aren't using the retail brokers.

The phenomenon you're describing is: "being on the wrong side of the market".

You have to improve how you test for profitable strategies. I like MT4 because it's simpler to use, but I admit it's not the best for this, maybe try MT5? For my testing, I edit and lock the *.HST files so all trade costs are zero (spread, slippage, ...

What do Prop firms do when you break a rule? (Say for example, you go $1 above their daily drawdown limit)

Various reasons, but not to sound pessimistic, I just call it as I see it . Two big main reasons: 1. Retail traders are at an information & tech disadvantage. Think of HFT guys and PHD grads in the game. Imagine a card game where I can see ...

Just to add, MetaTrader comes with “Bands” indicator, which is the Bollinger Bands indicator. Also, a longer MA period brings longer lags (approx half period away). for example, if you have a Band of 200 candles, the lag would be approx 100 candles. ...

If you look at any chart, the “2” signal is more likely than “1” or “3”.

Please show an example with numbers? Also, are you increasing lot size in “second” and “third” entry?

I love the “market profile” strategies, but unfortunately, I could never get it to work consistently on forex. Perhaps it’s only suitable for stocks? What do you trade it on?

What platform are you using? Post the code, let’s have a look?

I’m following ur discussion, looks very exciting!