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I am still not able to create a long-term profitable objective automated system. I have been trying for many years, and I think market keeps on changing (volatility, etc). I found some profitable systems but they lasted only for a short period of time. It is based on the market behaviour at that...

Hi Mav, As a technical trader myself, I could not see a way to find an edge. Looking from the technical perspective, everything seems to be 50-50. The chances of the price to move up or down is 50-50. However, it's different if one is looking from the fundamental perspective. Information can...

Looks like you are a profitable trader. Do you mind sharing how you trade?

It's not guaranteed. I will only be filled only when there are enough (bids). If there are no bids or not enough bids, the price will move lower and your stop will not be filled at 1.12300.

I will give you a scenario. You have bought a share of a company at $100. After a year, it went to $10. This is called a 'deep float' where your position is still floating (not closed), but at the extreme negative side (loss). EDIT: you do not want to close it to take the loss, instead you...

Where did you get this from? Any citation?

Technically nothing else moves the price, only bids and asks. If you want to know your 20 lots are going to move the market or not, look at the DOM. If the bid/ask is lesser or equal to 20 contracts, then you are going to move the market. EDIT: Example, Current price = 1.1300 (bid) Number of...

From my experience exits are more important than entries, and in the videos he only showed entries.

This is where you are wrong "But its still I think important to put into context who is giving advice and what their own experience with trading is". My journal has been closed long ago. How do you know that I am not profitable now? Everyone who are successful today had gone through losses like...

Peter Schiff is correct.

I swing trade and yes, I work much lesser than 4 hours a week (on decision making and placing orders). I however spend more than 4 hours a week learning and studying (books/forums/etc).

Why are you talking about my trading here? How is it relevant in this topic of discussion, except to discredit me? You can say whatever you want in my journal. Stick to the topic.

I am waiting for the day he stops posting in this journal and we will all understand what happened to all his money. I was expecting it to be very soon judging from the way he trades but didn't expect it to be this soon. The excuse was the journal influenced his trading. Are you really that...

If you can never get serious with paper trading then you are not ready to learn. From what you said, They sound very much like you are gambling. You are addicted to gambling. You are now trying to lie to yourself that you are not gambling by trading and not going to casinos. Many of us here...

Frankly, you are relatively a new trader and you sounded like one. You should demo trade first, once you are profitable then you trade with real money. You will lose all your money and by the time you realise, it's already too late. Demo first.

Discontinued.

Of course GBPUSD is going up. I am long. It has reached its bottom.

Discontinued. Lost more than 50% from the equity's peak.

To Maverick and ACD traders, What is the average typical reward-risk ratio and the winning rate of your ACD system? I am asking this because I want to get a rough idea on when you exit, do you trail stop or take profit, etc.

Last week's equity: 673 AUD. Not much profit last week because I took off most of the days last week.