HI all, I believe you who knows me noticed I dissappear form the FF, I made very few posts and basically was reading and considering my own new egies. I want to discuss one of my new egies that I plan to test nowadays. The problem is that you cannot test it upon DEMO you require live account and at least 2 of these OK, do you feel confused? Never mind, here I am I will describe today. It is known that a guy who transforms egies all of the time is lifeless in long-run. Yes, this is true But I am not doing it. As I altered my trading to long-term one I do not use large figure egy on Cable and 5minute egy. Among my egy (reversal egy, search onforexintuitiveI published it somewhere)showed me brief in EURUSD following such a rally, went brief at 1.2135 just on DEMO due to NFP forward, placed cease at 1.22 and planning 200 pips, nevertheless holding this position open. If it was real I would have taken half position and placed stop at BE but believe I did so. OK let's don't eliminate the stage, I'm telling this because I'm now long-term trader and I do not change egies but substituting one with the other. Also I got good job and look for a set income too so what I want to do is to convert all egies to long-term trades. BUt my recent research suggests me to consider quite interesting short-term or even 24 hour one too I called this egy: Trading Human's Emotions

First of why I got this thought. You understand I'm running shareholders' funds, mainly I exchange not my money. Lately where I worked that I obtained bank as an investor they gave me 20 000 USD for live trading to test what will happen. I traded very well first week I got about 3%. My trades actually worked, did not utilize high leverage and consistently used ceases, but on a single day I lost about 2 percent and had 20 pips unrealized loss on EURGBP stop was 33 pips, and standing dimensions was 200K. I'd talk with bank manager and he was angry on reductions, I was under preassure on that afternoon and traded withought ceases to accept 10-20 pips to recover losses, I discovered I was trading with dread, with fear which bank manager would not be satisfied. I was propensed to accept 10-15 pips profit and allowed 50-100pips unrealized losses with hope of change. Truly it reversed and that I was completely recovered. As I discovered I was trading this account with dread I talked with bank manager and I dropped it. I was trading this just 2 month and finished with 0.7% reduction, this is pity to cry for this amount. However, this gave me good experience. I generated new egy based on trading with dread. I found and examined myself how fearful traders try to take small profits and let losses operate. It does not matter what kind of installation you use, you are fearful, belive me, you are dead in long term, since you always let losses to operate and take small profits. Actually successful traders do opposite, Yes I've other account that I manage and trading with success. My belif is that I will profit in over 60-70 trades and lose 30-40, trying to get at least 100 pips for each trade depending on currencies I utilize. OK let's get to the topic of my article. Since I found this and seasoned by myself I got this thought. I will open two minis using 500$ each, I'll give one account to my buddy who's very fearful and emotional, urge trader, I belive he can take small profits and let losses operate, I think he won't use stops in any way. What I want is to track his trades, when he sells I must buy when he's 10 pips profit and fixes it I've 10 pips reduction and that I fix it too, I'm more than convinced he will have 50-100 pips unrealized losses, in this situation I'll have 50-100 pips unrealized profit, so in long-run my account is proditable and he is deadman. In case he manages to triumph I'm not in reduction much I lost on a single account and gained on another, I payed just disperse, in this situation my egy is garbage to throw away. I will test this and if in 10 cases I'm profitable in long-run I will exchange with 2-3 or more lots when he deals just one. So I will gain 2-3 or even more times much than that he losses.
That I belive brokers do exactly the same, and they're trading against newbies they belive that 90 percent is loser and they exchange contrary to all newbies and also large lots.
Well this is it, wish me luck. I don't really think it is unfear because is my money and I do not make my buddy to lose.
Now I want emotional, fearful, clever, urge, not-objective trader. Usually peaple that believe they are cleverest they're first losers as they're not objective about market.
What exactly does move currency market? fundamentals? technicals? No just humans' emotions, can you mathematically or economically compute exactly what every traders belief is? No, so all egies have to be contingent upon plogy of the market. Fundamentals datas and technicals are just for entries and exits, today one's installation will work if it reveals clear buy signal and most traders will sell. Nevertheless this technical stuff is connected with plogy, showing overbought/oversold areas, double top/bottom that are considered by traders' heads.