Due to the success of the James16 PF and thread, the newer people (who are probably a little more green) tend to think that it is the be all and end all, but at the same time it really is not. In the James 16 PF there is focus on indicators away ...

Can anyone recommend a good daily indicator

I make good use of the % Williams indicator to show if something i overbought or oversold. It is quite a reliable indicator in how I use it, but like anything putting to much emphasis on one thing or another, leads to confusion and can end up making ...

What indicators to use?

That makes no sense.... You say that it is great that he has a profitable EA, and then say that they don't exist....????

Can be automated trading be profitable?

Surely it depends on the trading strategy. I am in the process of automating my strategy to test it works - my signals are very clear and do not really need any kind of analysis per say, so hopefully the EA will be quite easy to implement and to ...

Can be automated trading be profitable?

I kind of understadn what you are doing here, and I actually like the strategy - It is fairly simple (although with a high level of human analysis to decide whether to enter a trade or not). As you seem to say, it works for you, and you seem to be ...

Keeping it simple - MY Strategy

It may be naivety, but what has trading currencies got to do with being bad? What we are entering into is a business deal, nothing more, and nothing less. If you let emotions take over your trades, then you become a loser. This goes for contributers ...

Are Traders bad people?

The time to quit your job will be in direct comparison to how you trade (as a rough guide) as has already been mentioned - for example a high risk trader, will probably be quite happy quitting their job and jumping straight into full time trading, ...

When is it safe to trade full time?

You can buy 1 standard lot, and then trade out over time by selling mini/micro lots. My approach to money management is derived from options trading, and it seems to suit to Forex very well... Basically, my MAX loss will be 3% of my overall account. ...

Let's talk money management

Really liked reading through this thread. well done on your success so far, and I look forward to reading more of it!!

Goal: Double account balance every month?!

99% of people fail because they are human... They are out to make money in Forex because of greed. Once greed takes over from your trading plan, your money management goes, and so does your money. Knowing whether the markets are going up or down is ...

Why do 99% of the people who wants to be traders fail?

Not neccesarily 100% accurate. Basically with a retracement (as I see it) the trend will carry on... so say you have a 100 day MA, the trend will still be showing going up, or at te very least flat, and a trend reversal will see it starting going ...

How do you distinguish a retracement from a trend reversal?

Can't really see a problem with his method. At the end of the day, whether there is a SL of 7 or 10, if it is creating profits - whether rightly or wrongly (as the method dictates) is really besides the point. My trading style does not fit into this ...

Keeping it simple - MY Strategy