well i am a daytrader and expect at least 10 month to be profitable in a year to make a living out of it. so i was exactly entering the trades like Peter Crown has told us to do. i just traded the 3 majors. well i am happy that i dont have to ...

i am also here to tell u guys that i traded DIBS originally system with the excact rules like PC AND with proper MM and RM (risking 1% per trade) and lost a hell of money through a 8 month period. i lost it slowly, and all the time i couldn t belive ...

i add to this question. and i know the outcome. in most cases he will make his 10 pips per day in some he will find his black swan...and quit.

no, hes was talking about professional trader whon can live from trading. it doesnt matter if you make $50.000 a year or $10.000.000. so does anybody in this forum has statistics about how many traders can live from trading and pay all their ...

does anybody in this great forum has statistics about this study or does anybody know a similar study made about traders who make a living? regards RT

dear mr. rearden, another question comes up: today there was a clear support from yesterdays low on EUR/USD @1.3595, so i bought @1.3593 i had the maximum stop of 40 pips because all TFs showed oversold levels. i will show only the M15. my maximum ...

thank you for the reply. i have another answer which i know you will not like, cause we should be flexible. can you as a general rule say: if two TF (m1/m5) are overbought/oversold then you risk only 10-15 pips and go only for 10-15 pips profit. and ...

read the thread, then you need not to estimate.

i like the approach and sometimes during the day i use and combine it already with my style. another question comes up, which i didnt find in the older posts: have you thought about a time stop? for example: after 1 hour the trade is not positiv -> ...

i would suggest to make it more easy to understand to say the leverage is 5 instead of pip value 0.05% for example if you got usd 10.000 on your account, the max. single position is usd 50.000 you can buy. regards

another excellent short opportunity on the pound now. RT

i like this one on the AUD. also nice divergence on stochastic.

wow, i thought u dont reply anymore! thx for the fast explanation, now this point is clear to me, thx!

can anybody please help me, i cant sort it out. i dont understand what this means? for example the account size is $10.000: what is a unit per trade? what is 0.05% of constant acc. base capital? regards RT

yes, but its a discretionary system and i stretch the rules due to my experience of trading with IBs. the AUD trade had a pin bar first and then the IB. in these cases i go long even when the day is negativ. the trade is already closed break even.

well as the original rule, the first half @1:1 or better. the second i would hold for months if i am not stopped out.

a nice IB in AUD/USD now.

i took these three H1-IBs in the Yen. the next IB is showing up now, but already 3 bars between. i think the yen is the key currency for the next 12 month to play with for the long haul. incredible week so far...

another pretty IB on the pound.

during the day there are more faketrades then at night when most of the traders sleep. this strategy is already followed by a lot market players.