MidKnight

Hey wizz, I've been wondering how you size your trades up, would you share that? I ask because your stops are typically quite large relative to what profit ends up being taken - nothing wrong with that because I think so far your losses have been smaller than your stops too and your win rate is really good. But because the initial stop is large the amount gained relative to the initial risk is small. I only ask to get a feel for what the methods expectation is - not the methods total pip count. I hope you don't find my query too intrusive and I understand if you wish not to answer as any trading method is a personal exercise only. With kind regards, MK

Player B for me OMG my message is too short so I had to write this :crap:

:doh: No news sched today, and maybe the impending storm is bringing reduced participation from europe....

It is questionable that you even managed to close that out for BE not to mention that you posted it 18 mins after the report. My charts across two data feeds show a quoted offer at the time of the news 1.3812, that is 8 pips below your entry and with the news widening spread its highly possible you were taken out as the bid hit your stop. And then to top it off, you post ambiguous calls where you quote the entry price and then a number as your stop that could easily be interpreted as either a stop at 1.3812 using "12" as shorthand or you mean 12 pips - no one knows. Either way you being able to scratch this trade was questionable. You can have the last word because you are now on permanent ignore. Waste of time reading anything you post. Good luck with the snakeoil sales.

Yes these delayed "live" calls are great. Why start a live calls thread when its not even live. Not a single win recorded yet. No surprise as this guy is a fraud. Just google the guy and you'll see that he posts on every trading forum that exists and has been banned from several of them. His actions today are no different than they have been over the last 10 years of posting across the Internet. Talks a lot of shit, has been "recruiting" his team for years through forum posts offering them the "secret indicator" :doh:, and generally trying to sound like a big shot to pump up his ego - that is his MO. No value comes from any of the Oily posts - should rename him to SnakeOily.

I'll keep my eyes open for it. I'd like to see it on some aussie pairs, just because their market will be open at the start of the week and possibly be more directional. EUR/AUD AUD/JPY

Good job mate, your handle was aptly choosen Enjoy the break. With kind regards, MK

Satire, but true I feel....

I predominantly trade London session and at times Asian session if there are structures I understand. Mainly this is due to my timezone. If I had a choice I'd be trading about 2 hours before London session until about midday New York session. The session overlaps (especially around the next session open) consistently produce the greatest bar ranges. I'm probably getting old now so I tend to omit most of the New York session, especially in my summer due to the timezone difference. All my best, MK

I can't handle music on when I'm actually in a trade, but when I'm in trade idea generation mode then for some reason music helps the ideas flow. I think its partly because it stimulates me into a good mood and ideas flow when I'm in that mood. Usually stream drum'n bass from differentdrumz.co.uk , sometimes classical Vivaldi, or sometimes Jazz. With kind regards, MK

In general, trading is dangerous. Maybe you can be more specific? The majority of my trades are in the 8-15 pip win size. I don't know if you consider that scalping or just short-term trading. For me, it is the easiest way to trade -- I've tried a large variety of approaches over the last 11 years. With kind regards, MK

1) Judging from your ego and the big swinger you portray yourself as on the forum, I find it ironic that you would use your "refined trading system" on a demo account. 2) You wanting to take find someone else's coattails to ride when you have such a "refined trading system" is highly suspect intentions of any professional trader. 3) why not show results of the last 100 trades rather than such a narrow sample. 5 out of 6 is obviously a cherry picked sample. Why even post this cherry picked example if it isn't for your ego. Keep it to yourself, just like a professional would.

If that is what you are looking for, then enter it in the search criteria. You haven't explored things before responding.

Every one is different and I think given a person's resolve, anyone can end up being profitable trader eventually. It took me 4 years of full-time to start turning consistent profits. With kind regards, MK

Yes, that is the question everyone wants to know....

I'm reading it when you are posting.... Just a thought. GBP/CHF is fairly wild cross that gets good sized daily ranges usually. GBP, EUR, CHF are probably your most correlated highly liquid currencies. Since the Swiss pegged to EUR a year ago, it has become a lot more like a more volatile version of EUR/GBP. I wouldn't be at all surprised if this method you have outlined has excelled since this fundamental change in Swiss policy. With kind regards, MK

I'm not sure really how to vote on this one. A big part of my trades is how it looks and feels, maybe one could call it "gut", maybe one could call it price action, maybe one could call it divergences in some of the looks that I like to see - I don't know. Short-term ideas for scalps / day trades. With kind regards, MK

Hey TW, how you could say this was mainly a scalp when from the outset you had a TP of near 400 pips and SL near 300p - surely it was not opened with the intent of a scalp if you were going to use those initial TP and SL..... With kind regards, MK

At least you can see their trade history and search based on drawdown, system longevity etc. Only stick with the verified systems. From the sounds of things, you haven't even properly explored the sites I mentioned before your reply. FXstat is another one. I hardly call systems achieving over 95% win rates to be a blind monkey. Your monkeys may not be nearly as blind as you think if you would consider that to be blind....

Have you looked at something like zulutrade or myfxbook? Pretty sure there is a facility to piggyback signal providers of your choice.

No not wrong at all because there is no right You seem to have a high win rate and usually that goes hand in hand with a lower average R multiple. Nothing wrong with it. We enter trades with a possible vision for the future and often adapt as we get new information - nothing wrong with it at all. I guess I just like to see gains in perspective to what was at risk. Sorry for the extra noise in your thread. With kind regards, MK

Essentially, yes. You risk 100p and make 80p the R multiple is 0.8 risk 100p and make 160p, the R multiple is 1.6 Puts ones results in perspective relative to their risk. With kind regards, MK

I think the OP is asking for a calls room to piggy back on - not for actually developing their own trade ideas.

Your last two months (since I started visiting TL again anyhow) have been superb by anyone's pip standards I am sure. Results wise, I always find looking at raw pip values doesn't really say that much in terms of ones trading approach or their ability to manage to risk within an approach. Would you consider future summaries to be posted as an R multiple? With kind regards, MK

Poisonous Oats is quite plausible and already affects people today. Well maybe not poisonous, but for those people they may as well treat it as poison because the effects can be lethal if prolonged. Those people are celiacs.