Recent content by BarryP

That's all true. If you have traded your 'MA on a 1 min chart' system for a number of trades you can begin to calculate the % win rate. You then add in your profit/loss expressed as amount risked/gained per trade and you have the expectancy for your system. You can easily have systems that lose...

You are absolutely right. I suppose the only way to evaluate your system is over time and incorporate the probability of a winning trade into your calculations (as long as you apply your strategy for each trade). Van Tharp calls this Expectancy and this is more important than how many wins to...

Had to go out so tightened the stop, added a trailing stop and left it. Price crept up and hit my stop for a gain of 72 pips. I've read something about scaling down positions, I'll dig it out and run it past you. Any comments on strategies would be most welcome.

Is that a common tactic? - To take profit/scale down as the trade progresses?

Stupid trade! Small loss of 12 pips Broke my rule of only trading in the direction of the daily trend.

USD/JPY - Long @9048 Target 40 pips

Waiting to see if the price will hold below 12365 Using 15min chart at moment Resistance at 12398ish my stop is just above that @12410 Any thoughts?

Short EUR/USD @ 12471 50 SL 180 pip target

Live trades only. Sorry, being lazy now and not knowing my way around the forums - which would be the best forum/thread to use to post trades?

Thanks for that. I intend to join the live thread. If I call my trades with stop loss, profit target, reasons for entry etc will I get feedback? I want to know if the trade was founded on any substance or whether I was shooting from the hip.

Hi, I'm relatively new to Forex trading but reasonably up to speed with the various indicators, candlesticks, money management etc. Whats the concensus of opinion on risk to reward ratios. I've read that 3:1 is preferable. I had a relatively good week (385 pips - I think thats good?) making an...

New to T2W Hi, I've been trading shares, CFDs and spread betting for about a 8 months. Only joined a few days ago but have already learned so much. I'm looking to move into Forex trading so all the threads are much appreciated. I was pleasantly surprised at how much people share their...