Sorry for the late reply. If your broker doesn’t comply with anti-hedging rules and if you know how to hedge properly, sure, why not!

I’m using Oanda (based in USA) so I cannot long and short the same currency. Since this is the case, I cannot hedge properly.

There are many hedging techniques and that is not the focus of this thread

There is a well known fact that this method is used by Banks with direct market access and HFT triangular arbitrage.

BUT… there is a a little known secret that DOES still work for the “little guy”:

Using the triangular arbitrage method on emerging markets currencies and/or between emerging markets currencies and developed markets…[Read more]

Excellent! Way to be consistent. Keep it around 1% gain per day and you should be solid

Nice work to you as well Balrog 

Yea, I know the feeling

Here is a good practice. For every trade we have a good odd of price hitting the TP within 24 hours (~94%) but for whatever reason, soon after you placing the order you realize that you violated one of the rules. Close the trade no matter if its in profit or loss (most likely in a loss). Soon you should see that the…[Read more]

Yea, I know the feeling

Here is a good practice. For every trade we have a good odd of price hitting the TP within 24 hours (~94%) but for whatever reason, soon after you placing the order you realize that you violated one of the rules. Close the trade no matter if its in profit or loss (most likely in a loss). Soon you should see that the…[Read more]

Yea, the start date/time of the account was a little off. I had closed trades in there from a previous system. I uploaded a screenshot reflecting trades just based on this system. Average duration dropped to about 2hrs. I have a few bad habits so I had a few “bad entries” where I had to wait 4-6hrs for that really threw off those short quick…[Read more]

I’m working on a couple of indicators based on multi currency money flow. Don’t have anything significant yet worth sharing

Hi all,

Here is the result of my trading thus far. It’s working out pretty well. I placed a pretty bad trade that caused a 30% draw down but lesson learned. This is why its important demo trade with this system or start with a very small account size that you don’t mind losing. It will take time to master just like anything.

Green pips and good…[Read more]

Hi all,

Here is the result of my trading thus far. It’s working out pretty well. I placed a pretty bad trade that caused a 30% draw down but lesson learned. This is why its important demo trade with this system or start with a very small account size that you don’t mind losing. It will take time to master just like anything.

Green pips and good…[Read more]

“…It is a very well proven and accepted principle of trading that volume confirms a trend.

There are many ways to define a move, such as a change in momentum, expansion of the range, the divergence of two moving averages, the RSI crossing through the 50% level, or even standard deviations.

However, let us take the simplest definition of a…[Read more]

“…It is a very well proven and accepted principle of trading that volume confirms a trend.

There are many ways to define a move, such as a change in momentum, expansion of the range, the divergence of two moving averages, the RSI crossing through the 50% level, or even standard deviations.

However, let us take the simplest definition of a…[Read more]

“…It is a very well proven and accepted principle of trading that volume confirms a trend.

There are many ways to define a move, such as a change in momentum, expansion of the range, the divergence of two moving averages, the RSI crossing through the 50% level, or even standard deviations.

However, let us take the simplest definition of a…[Read more]

No, you need to have large amount of funds, I’m talking about at least $200k etc to justify the initial costs of dealing with the inter-banks. They cost a lot per month just for the trading terminals.

Also I want to make something clear, the tick data can be a bit misleading. Because you only need a few ticks in a raw the wipe out an entire…[Read more]

Parts of this technique/method are used in the ForexGT_Arrow fractal “prediction”, if you remember the discussions about EURUSD/GBPUSD=EURGBP and the implications and variations on it…

G.

Parts of this technique/method are used in the ForexGT_Arrow fractal “prediction”, if you remember the discussions about EURUSD/GBPUSD=GBPUSD and the implications and variations on it…

G.

Parts of this technique/method are used in the ForexGT_Arrow fractal “prediction”, if you remember the discussions about EURUSD/GBPUSD=GBPUSD…

G.

This approach worked well until about 4 years ago.

Since the brokers found out about it they are applying various techniques to prevent profitting from this approach, such as quotes delay and spread/slippage increase.

Currently this method only works well if you employ it between two brokers: one fast and one slower – using fast internet…[Read more]

This approach worked well until about 4 years ago.

Since the brokers found out about it they are applying various techniques to prevent profitting from this approach, such as quotes delay and spread/slippage increase.

Currently this method only works well if you employ it between two brokers: one fast and one slower – using fast internet…[Read more]