Wildbill

Joined Aug 12, 2015

Posts: 38

Connections: 2

Experience: More than 5 years

Location: United States

Profile

Bio

Age 78 and live in Texas. I have a BA from Columbia U. and 2 Master's degrees from the University of Houston.--none of which prepared me in any way for trading FX.

Got into FX trading in 2006 and had indifferent results for years until I discovered a learning situation where I can try to emulate the daily movement of pairs by the Big Banks that control the market. Since then I have been consistently profitable every week for 31/2 years at an 85% win rate on thousands of trades

Trading style

Technical analysis to decide what the Big Boys are doing today as target trading.

Systems by Wildbill

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Recent Posts

What is your best tip to set STOP-LOSS in Trading?

The above post is for your original stop loss on a new trade. Once you have a profit of at least 20 pips, move your stop loss to a profit position of two pips past the entry. According to statistics from studies by brokers, your percentage of profitable trades should always exceed 65% to be a profi...

801

Dec 17, 2022 at 18:22

What is your best tip to set STOP-LOSS in Trading?

Set stop loss 5 to 7 pips above or below the last change in direction on a 60 minute setting. That should eliminate most temporary wobbles or minor spikes. Remember that the banks that support the market through your broker will often create a temporary spike at the NY change over for the new tradin...

801

Dec 17, 2022 at 18:14

Where is GBPUSD Going?

To answer this question about the direction of almost any pair, you have to have a chart that will show you the Dollar DX on a 60 and 240 minute timeline. Many pairs which have the dollar in them, such as GU, EU, AU, etc. are directly governed by the dollar DX. Many other pairs, GA, EA, etc. will a...

696

Feb 10, 2022 at 01:02

How long it takes to learn

Learn what? Anyone can learn the mechanics of trading pretty quickly, and trading a demo account seems to make everyone "rich" in a short time. Demo accounts are simply lures by the brokers to get you excited about trading by letting you gamble with funny money. You can't learn with a ...

5340

Oct 18, 2021 at 14:33

Scalping is good

I tried scalping when I was a newbie in 2008. It looked easy and I could get into some pairs like the Eur/USD with a low spread. Brokers love traders who scalp because most of us give them a lot of money until we give all of our account to them by slow attrition. How can this be? Do some math? Reme...

3865

Sep 17, 2021 at 14:54

Wildbill's Reviews

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.

EURUSD	1.17076	GBPUSD	1.36036	AUDUSD	0.64905
USDJPY	146.008	USDCAD	1.36796	USDCHF	0.79801

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Wildbill

What is your best tip to set STOP-LOSS in Trading?

What is your best tip to set STOP-LOSS in Trading?

Where is GBPUSD Going?

How long it takes to learn

Scalping is good