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Adding to losers is a good way to break even but that's not really the point of trading. When I have a good winner in a consistent and energetic trend I just keep pyramiding it. The new pyramid trade is at (for a long) Entry plus r, where r is the distance to the stop-loss: then I move the stop...

I say nothing about the total duration of trends - in forex these can last for months, and this isn't rare. Naturally, the total pip difference from start to finish is considerable. But in reality how many private retail traders ride the whole trend? Then again, as far as reversals are...

Depends very much on what you mean by better or safer. A trend-following strategy entry gives you frequent repeatable opportunities with a high probability of a win but almost no probability of a dramatic win. Reversal trade entries have the reverse characteristics in many ways - infrequent...

I have no doubts you're right, even as early as January the odds are that would be covid. The earliest lab-verified case was in December I think, in France. The markets were not wrong to down-play the impact of covid on the economy, but politicians and public health advisors have to consider...

I am 64 and in the UK the NHS recommends the vaccination for anyone over 65, plus pregnant women, people with certain conditions such as kidney disease, asthma or heart disease and carers or those in care homes. None of these criteria apply to me and my immune system is not compromised by any...

I understand brokers need to hedge the risk on their aggregated positions but I did not know they went into the currency market to do this. However, it makes no difference to the trader. My explanation could have been clumsy, but some new traders firmly believe that when they take a long...

You're welcome. Unfortunately, the industry likes to give the appearance that we are buying and selling assets, in this case currency. They do this partly because buying and selling is an easier more familiar concept for most people than betting, but also because they know that many of the...

These are performance metrics, so you will see if your performance this month is as good or better than last month's. But they won't tell you why, and you're not logging what you did and why you did it, or whether you changed it and why you did so. Which is OK if you just want a score-card but...

Reminds me of the Jaffa Cake case in the UK. The court had to decide if a Jaffa Cake was a cake or a biscuit. The are taxed at different rates apparently. Which says much more about the stupid maze of a tax system we have than it does about the food itself.

The thing to keep in focus is that we are private retail traders. We are not physically buying money or selling money. The big banks do that. A clearer image is that we are placing bets on the exchange rate between the two currencies. The bet is placed in the currency of the jurisdiction where...

I still get a laugh from that clip with the cat jumping on the printer. And that mad guy shouting for his dog. "Fenton!" "Fenton!"

The location of re-entry into a trend is not critical, but obviously a better price gives a better profit. So in an uptrend, assuming you got out when a pull-back occurred, you could set a new buy order above the high of the lowest pull-back candle/bar. Or after the second or third successive...

A technique I have used in the past to milk winning trades is to repeatedly pyramid the first position as price advances. This works in consistent well-established trends with shallow pull-backs. For example, you buy at 1000 with a SL at 950 and a new buy order at 1050 (SL at 1000). When the...

I don't disagree. But a 55% accuracy rate is enough to make a decent profit.

I know this already.

An MA is a very effective tool at defining the trend direction in that particular time period. The state of a trend in another time period is described using a suitably longer or shorter MA. MA's do not give effective entry signals. They do not indicate that a reversal will occur within the...

You and I are both talking about the evidence contained within the Bible itself. Naturally, the book corroborates what it itself has to say more often than it undermines it. But in any serious field of objective study, data and evidence are not drawn from simply one source and accepted for what...

You say that the Bible needs no evidence, yet at the same time you also recommend its serious study and you post this in a thread concerned (from its very title) with the supportive evidence within the Bible itself. Either you believe what's in the Bible, which makes you a Christian, or you...

This is a step forward. At least we're not being talking at about biblical evidence now.

I prefer to think of mankind as having an abundance of free will, stubbornly pushing ahead in an unpredictable world, trying to make the best of what they can find for themselves and their children. I don't buy this mankind is inherently evil line. If that's your belief as a Christian, it makes...