Recent content by zchawa1

Sorry to disappoint, I havent any real world experience of people successfully scalping, and as a retail trader I dont have access to a multitude of trading contacts or links to the industry. Its certainly not my favoured way to trade, like you I see it as a hard uphill struggle. I do however...

Hey 'I'vereadthemall', thanks for pointing this out ;-) (just re-read the initial post!) I guess then that risking 3pips to win 3pips would be fine, as long as your expected win rate is greater than 50%!

Interesting thread, (perhaps a little less of the abusive comments - cant we all just get along?) but.... has anyone considered the spread when applied to the initial question??? Risking 3 pips to gain 3 pips (1:1 ratio) is fine as long as, 1) Your system has an expected win rate over the long...

Thanks for your reply Goldmember, that does help explain some of my questions! I look forward to you explaining this in more detail, specifically about how you identify direction using non-technical factors...but only if you want to! Thanks again, zchawa1

Hi Goldmember, Have enjoyed following your thread - lots of thought provoking ideas...please continue! However, as this thread has evolved you have rubbished many common trading techniques, or 'points of reference' that many traders use to help their trading (for example S+R, pivot points...

Well cl2ksrv01, the above is true....statistically speaking you do have the same chance of success as attempting to pin the tail on a donkey (with a very small rear end) whilst wearing a blindfold! But, everyones gotta start somewhere...& if you're willing to put the work in & remove the...

If youre looking for some strategy ideas, then google 'forex strategies revealed', it certainly gave me some useful ideas when I first started to trade. Note that it is probably best to build a strategy of your own, that you understand the logic behind, and if you use indicators remember that...