Anyone have achieve consistent profit using martingale?

[Falstaff]

life is complex mate - Forex is complex and the betting is complex.

This opinion of mine was costly to form - by the time I lost £3000 when I first started I analysed my bets and without the spreads I would have broken even !

0.6 pips is small -0.6% if you’re betting 100 pips levels - on 10 pips it is 6% and that applies on both winners and losers (IF you believe 0.6 pips is fixed (which usually it isn’t)) - so 6% on winners and losers equals 12% on winners only if you assume even 50-50 win lose.

I did say to use a spreadsheet and step it through - then perhaps you Will understand.

Hopefully others can already begin to see what I mean !

Then of course thhere is this - which is diproportinately affecting low piip values of SL and TP

What's with the long tails?

I’ve notice this before on the short timescales, when the new candlw is formed, it often has a long tail, which you never see print. I know at a top or a bottom, you get “pin bar” formations sometimes, but tis is every single bar appearing to be a pin bar although the solid colour never goes down there. I don’t often see long wicks on the other side. Sorry if this is covered in the second half of teh pips school. Can anyone explain in a convincing way please ? [image]

Anyway - listen and think about it - or don’t - it’s up to you -