If you could always make 10 pips a day, no sweat, then sure, 10 pips is enough to make anyone a multi millionaire... on paper, anyhow. However you should probably look at other similar x pips a day threads and see how they ended up. About calling it ...

I don't get how 10 pips a day can make you rich?

Profit taking, "counter trend" traders, sometimes option-related defense, etc.

Dealer Trading ahead of support

I don't know that and I would argue that that's not necessarily always the case. But then I guess it depends how you define S/R. I'd argue that some "resistances" are simply caused by thinning buyers, large buyers who bought at the beginning dumping ...

There are no secret patterns and there will never be one

What, to you, constitutes "order" in a market?

There are no secret patterns and there will never be one

FT's new 2.6 update allows you to import and use real tick data (can be obtained free from Oanda) so now you can replay the market as it really happened, not randomly generated ticks based on 1m OHLC.

Anyone using the program FOREX Tester??

We may trade our belief systems, but that part about "there is no spoon" is bullshit. The market is what it is, it has rules and structure and operates in a certain way, and your perception of the market may be right or wrong - if there was only ...

Ridiculous Trading Myths

I'm quite sure DS never said that (re: 100%), are you thinking of this? url

Ridiculous Trading Myths

Good luck with that.

Dice Man

Are you still actively trying to "decipher" it? On another note I'm an idiot, as I see that Bleek had already provided a concise description of exhaustion way before. Although I read the paragraph several times, somehow I only actually ever read the ...

Dice Man

Hi William, Not sure what you mean by me having the answer in the chart - the part I quoted from Bleek was from a different chart and I was just applying it to another chart. He says the "soaking up" of the big move in his chart is price ...

Dice Man

You'd basically need to find an ECN where you can make the bids/offers, rather than just hitting them. Definitely can be done, though you'd be trying to compete manually with programs that do the same thing: probably not gonna work well. No way this ...

avoiding paying the spread

Hi Bleek, I'm sure we appreciate the replies whenever you have time. (And here's a late reply as well, as I was on holiday.) I'm not quite getting this then - see the attached image. You did say "the first big move south ... has been soaked up in a ...

Dice Man

Re: your first post, you should list your profit/loss in % not in pips as you can be negative pips but positive profit, and vice versa.

Trades Before Fact

How does this relate to your trade here? url image After a big move up, price just sort of ranged in the "middle third" - i.e. it could have gone either way, right? But price had just gone up massively so a retrace could be expected. In my mind ...

Dice Man

Hi Bleek, huge thanks for this post. When you say low or high volume, are you simply talking about the time of day (i.e. asian session = low volume, london = high), or are you using actual volume from your broker?

Dice Man

First one looks like a glitch with the feed or app, stop hunts don't look like that.

Broker Stop Hunting

This is my interpretation. Price was "rejected" down around 5750 early on: price discovery occurred to the downside and was rejected (or, it was considered "cheap" and bought up quickly). Price discovery to the upside had not yet occurred and I was ...

Dice Man

Of course, I was just remarking on your attitude in general, i.e. that large percentage returns in a short amount of time are a fairy tale.

Dice Man

Livermore said at one point he was making an average of 150% per week. Thanks to you I now know he was talking bullshit.

Dice Man