Exactly right, and the reason so many traders turn to "Trading Psychology" or "Money Management" as if they are somehow the 'key to success' and will miraculously turn them into profitable traders, is because they are the simplest aspects of ...

The Winning Trading Psychology - sure way for consistent profits

GREAT post Capitalist My faith in the usefulness of trading forums just went up a few notches.

Idea for trading where everyone benefits..

Is it really? If its so easy then why do so few people actually do it?

friend wants to leave 100k, for 5%, riskless profit.

I think that most 'simple systems' are not actually simple. The knowledge to make them profitable has just been internalized.

Why are we afraid of simplicity?

Aha! You DO use indicators. Good stuff Kiwi, I especially like those 4 hour and 1 hour background bars. That is almost identical to the S&R indicator i use based on previous ranges. I use 4 hour and 1 hour ranges on the 5min and 1min chart. I use ...

Why are we afraid of simplicity?

Still got? You make it sound like a process of elimination. I also use CCI and 2 ma's, and a few others. CCI- trend identification and divergence 2 SMA's - S&R, like you primarily as support for pullbacks A combination of bollinger bands and RSI ...

Why are we afraid of simplicity?

I've been trading for 2.5 years....went live too early. I've lost a lot of money(by anyone's standards), but I've also made a bit of money as well over those 2 years. No I'm not a professional trader, but I'm also not a newbie. I'd like to think of ...

Why are we afraid of simplicity?

Simplicty is subjective isnt it? Someone jokingly posted a chart with a "mess" of lines and indicators on it, as if to say, "your charts shouldn't look like this". Well, truth is, my charts arent that far removed from the chart posted, just from a ...

Why are we afraid of simplicity?

Could you define 'feel the market moving back against your position'? Is it the first red bar on a 5 minute chart? Is it a 50% retracement from where you entered and the highest high after your entry? Is it a signal you get on an indicator, or ...

This is not rocket science; This is forex trading

Some very good insights in trading psychology here. I just want discuss one of the topics covered. The article seems to emphasize the use of stop losses, and the impression I got was this: If you don't use stop losses, you will fail. I think the use ...

Article in Trading Game Newsletter - good read

I would be very interested in this, particularly the interactive brokers feed. I would be willing to pay a reasonable fee for the service.

Success!: using Metatrader to chart lots of things!

I've found the best backup internet connection for emergency trading to be......good old dialup. I had to dig out one of my old internal 56k "screecher" modems to set it up, but it turned out to be well worth it. Think about how often your cable or ...

How to lose 250K $ in one day...