It is of course very noble of you to try and defend you (or your follower's) positions in this thread. To answer your first question: 22 years of experience in the industry and listening to many people and their 'claims'. I am not always right and I ...

Forex Mentors - The Best Investment You Can Make?

Show real proof! — I could not believe when I glanced over the trading discussion that this thread has come up again. Not only that it keeps soliciting a paid service (and no moderator has yet discovered that), but more over it has lowered the ...

Forex Mentors - The Best Investment You Can Make?

The comparison with Buffett limps. He is not a trader, nor has he ever had a computer in his personal office. He buys companies (or their respective shares) as a long term investment. Secondly, there are great traders out there who conduct a few ...

Risk Reward Ratio is not used for making money

Hi Maheswara, Well technically speaking I am a daytrader in the sense that I am not taking any positions overnight - but I am not trading a) every day any more and b) I am not trading HF any more either...too stressful. Besides, the machines do the ...

How long to be profitable?

By the way, who is the greater fool - the one who questions or the one who blindly trusts? No need to do a Freudian analysis on that one, and no, have not been hurt in the past to such an extend that makes it impossible for me to trust anyone. ...

How long to be profitable?

There is neither anything aggressive nor personal in what I see as perfectly legitimate questions and comments. I am not assuming anything with regard to the poster, hence the post script. Further to that, not everything is black and white, i.e. ...

How long to be profitable?

What you have posted in terms of your trades means absolutely nothing in this business. You have made claims, that's all. Not that I care personally - but if you really want to be taken serious, you have to substantiate your claims by putting up ...

How long to be profitable?

Near-Perfect Market Indicator Discovered Years of Research Reveals Consistent Trading Edge in Aurora, IL Stock market researchers at the University of Chicago yesterday announced a breakthrough in their efforts to find the perfect market indicator. ...

Strategy of losers

Signing up. regards daytrading

Optimized Risk vs Reward Equation

OK - what constitutes 'a while'? When do you know as a mechanical trader that your system is not just in an extended DD period compared to a failing model? If it was so easy to construct a durable mechanical system, why are banks and funds ...

Strategy of losers

I know you didn't - that is why my post started with the word 'assuming'. What we can agree on though is that some very important points have been highlighted in the discussion and that is definitely the way forward - especially for the readers. I ...

Strategy of losers

I am assuming that your quote about the 'discretion gap' as you call it refers to, or let's you believe that mechanical trading systems are the only way to trade profitably without the interference of emotions? If my assumption is correct, let me ...

Strategy of losers

Just consider the amount of people who are in possession of methodologies that have a perfectly viable edge - but depend on a certain amount of discretion (partly mechanical trading models), and end up losing (in spite of the edge) because they lack ...

Strategy of losers

Do you understand what you read? regards daytrading

Strategy of losers

As far as I can gather, that particular aspect was never in doubt. regards daytrading

Strategy of losers

Ok, one last post on the matter before it becomes disrespectful to the OP. While the book you are citing from might contain some valuable advice in terms of his [Mark Douglas] approach, it is by no means the authority on trading and it describes one ...

Strategy of losers

All the edges in the world won't save you if you don't have correct money management, discipline an patience. Sounds a bit like the chicken/egg: 'what came first' dilemma. Part of the discussion has now ventured into the 'random or not' question, ...

Strategy of losers

Of course we're all getting what you are trying to say: that without the numbers on a chart it would be rather impossible to tell what TF we're looking at. Unfortunately, that data you omitted makes all the difference to anyone who has some idea ...

Strategy of losers

Yes, I agree. There are certainly valid points and it provides a great variety of opportunities across the board, having all those different time frames. As you said, when making the choice, one has to pay attention to more than just the chart ...

Strategy of losers

How stupid can you get: Price is a function of time! So, put up a valid X axis and Y axis - on that basis I will tell you that on a weekly chart you are more likely to find the price moving with directional bias uninterrupted in a continuous manner ...

Strategy of losers