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Can anyone show me 2-year account history, even if it’s a demo, of a Nightingale trading system that has been surviving for the past two years, and on which nothing less than 1000 trades have been placed?
Why not open an account with 2 or 3 or more brokers? Why not? if you’re rich enough, you might not even place all your accounts with one broker. I can choose Paxforex or Alpari UK or Tusarfx or FXopen or other reliable brokers. There is no law against that and since there are different benefits derived from depositing with these brokers, one may well be rewarded. Honestly, nothing stops me from having a live account and trading it, especially if I’ve been profitable on a demo for about one year or more. I believe that, with a reliable broker, we can get the same results on live accounts provided we stick to our rules. – May 7
If you use Fibo expansions or retracements to pick targets and they work for you, then congrats. I use hard targets, personally, not Fibo targets, and I run my profits until my breakeven stop or trailing stop or target is eventually hit. – May 8
All JPY pairs tend to get positively correlated. EURNZD, EURAUD and EURCAD are positively correlated. GBPUSD and EURUSD tend to be positively correlated, while the EURUSD and the USDCHF tend to be negatively correlated. The possibility that a gap would get filled is only 50%. For me, I go in the direction of the 20-hour movement after the gap has occurred. This must be clear enough to remove ambiguity. And I run the trade for 2 weeks. – May 9
There’s no way around this fact: go for big profits and face the possibility of big losses. Or go for small profits and face the possibility of small losses. You can’t eat your cake and have it. It’s better to trade with peace of mind, and last long (indefinitely) in the markets. Those who bet too big inevitably enjoy short-term career. The best trading history is the one which has a minimum of 1000 trades have been placed, and which has survived. With not more than 15% drawdown at worst, it must have average losses that are much smaller than average profits. – May 10
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