Very few people make a profit consistently.

Only Gold!

I took a short on the Dax last week (still in it). Distance to FTA at the time was 50 points. I could have taken profit there. OR Accept the possibility of the market coming back to my entry and stopping me out for BE (which happens often), and ...

Fail Better

Rules and setups are like the oasis in the desert. They look appealing, but they just don't exist. I remember the Mark Douglas book and I'm going to really badly paraphrase here to the point where it probably doesn't even resemble what was written, ...

Fail Better

Hi Bez, I saw this setup and skipped it. Why? Because USDCAD is an unpredictable market and I was not in the least surprised to see it continue to rally through resistance. Look back through the charts and you will see it does not seem to respect ...

Fail Better

I've got a question for you, what strategy are you following exactly? It seems to be completely against what the_wizard is trying to teach on here, and to be honest I find it distracting (although entertaining). Happy trading.

Fail Better

hi wizardblue, I rarely post on here, but I saw your post and followed your diligent work in the J16 forum, so I had no choice but to reply. I have a full time job and I review my orders every evening. If any of my orders get filled I check them on ...

Fail Better

That is a very tight stop, a stop of around 370 would have been appropriate for this trade IMO. All in full glorious hindsight!

Fail Better

No, it has been washed.

Fail Better

Noones fading any nfp news.

Fail Better

Thanks, that's almost what I want. Problem with this indicator is it's ambiguous. The shaded area overlaps the candle before and the candle after the region I'm interested in. I have shaded the far right of the chart and outlined in red. I want this ...

Looking for an indicator to shade some candles

OK, thanks - what's the i-sessions indicator? Do you have a link to it? Thanks

Looking for an indicator to shade some candles

Yeah I thought of that but it's quite a vague term. I guess there is no term for a currency unit, except for well, er, a currency unit.

Building a database - what are units called?

Just to confirm 1 unit of the base currency = 1 nano-lot?

Building a database - what are units called?

OK, can anyone summarise that document in English?

There are no secret patterns and there will never be one

That's a great illustration of the market, thanks for posting this. You could perhaps also include STOP orders with the moving force as they are market orders really. This is interesting stuff when you consider the above within the context of ...

There are no secret patterns and there will never be one

Support and resistance areas are decision points and price tends to not like to trade at those levels for long. This is what I use to decide: Confluence (fibs, multiple TFs, pivots, MAs, etc) Divergence (with an oscillator) Trade with the trend Cut ...

How do you trade support and resistance?

How about using market orders or stop limit orders to exit your trades? Does your system allow this? If you decide to use a market order, then place a hard stop 2-3 times away from where you normally exit as an emergency stop loss in case you lose ...

Has anybody experienced stops being hit more frequently?

I listen to chicago blues and classical music from url or sometimes mozart and chopin that I have in iTunes.

What kind of music you hear while you trade?