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No, what the firm did was to cut corners on a regulatory requirement and try to save costs. Same as any industry, any firm, in any country. Normal business practice. Whereas most traders seem to regard brokers as akin to Al Capone.

Some say win rate is the most important, some say r:r. I don't log either but both matter: my strategy is inherently biased towards both rising.

Interesting reversal of pre-conceptions about brokers - it was the traders who were pulling the scams this time.

Its certainly impossible to explain to you.

Exactly what I mean. It seems worthwhile (for the US government) to meet the cost of the military aid to Israel in order to have a militarily strong Israel. A militarily strong Israel also means greater military spending by the surrounding Arab countries and their allies, which might be another...

Surely a significant benefit of foreign aid (to the donor) is political leverage over the recipient country? Cynical, may even prolong poverty, but could be worth it in some circumstances.

This is quite new to me. I ran my first pyramids using this grid approach from late October after about a month of paper trading it. Since then I add a pyramid entry order to every trade that I open. My trades are trend-following only so obviously they tend to move in the trend direction more...

Nice post, thank you. Yes I know that though the loss of -1g can never be exceeded, it persists across 2 trades, so twice the holding time so twice the possibility of being stopped out. What I'm interested in is trading off the certainty of never having a greater loss per trade against the...

Well, if you know which uptrends reaching 50 will continue to 56 before they suffer their first 1pt pull-back, I wish you good fortune. I am sure we have nothing more to discuss as I am simply not able to trade on your level.

This is what you do but I don't know if its the same as forex grid trading.

Me too.

You should take the opportunity of suggesting a better way forward, at least because it might help me improve what I'm doing. Let's suppose price is at 50 and already in a consistent uptrend. We enter long at 50 and the TA conveniently suggests a SL at 49. Let's suppose price continues upwards...

I would consider a trend-following long if as many as possible of my TA criteria are met, but definitely the three mandatory criteria - 1) the 20EMA is above the 50 2 the 50EMA is sloping upwards 3) the 50EMA is above the 200 If already long and one of these three criteria is eliminated by...

No. A new position is added at each grid increment, i.e. 1. All stops on all positions are set at the penultimate grid price. So if price goes to 52, all stops on this latest trade plus all already open trades are set at 51. When price hits 51, all trades close simultaneously. The chart now...

I stand by what I said.

All I can say is I was already long Gold from the 5th, this being in a long-term uptrend, so I'm happy. The news that affects uptrending instruments is usually good. Bad news has less (or no) effect).

I never respond to anyone arrogant enough to issue a statement and then say "Discuss". Your head's up your own arse.

I don't understand that. I don't think I pick the greatest trades. I believe if a trade goes wrong that's not a problem: it only becomes a problem if you stay wrong.

Only thing I would add is some "escape plans". If you're long, exit manually if price closes below the 50EMA or if the 20EMA closes below the 50. If you're long equities, exit manually if the Dow prints either of these. As I've posted previously, these rules would have got you into cash before...

I trade off the dailies only. I take account of weekly bars only in comparing strengths of trends on different charts. It could be. If I can't find a TA-based SL level, say the bottom of a swing low for a long, I would use 2 x ATR14 to set the initial SL. But if this works out at say 83pts...