just trade...keep losing not more than 5%. You'll get there. Learn how to control losses. As you go by try reducing the risks all the way to 1%. Once can manage your losses up to this point you'll be more than ready to kill the market. Its never abt ...

New to forex

Hi Iso, For a primer you might wanna read John Carter's, Mastering the Trade. He primarily day trades the dow, s&p, gold, TBonds and Currency Futures off the 5mins. I was abt to recc Amibroker but i guess i was beaten to it. The thing with IB is you ...

Interactive Brokers - experiences and opinions

It used to be abt the money...but as time passes by, u just fall in love with it. It became an obsession. I'd be lying if it isn't money which is the driving factor, but i must say without the passion i'd just be one of those ranters who would curse ...

the driving force behind your desire to trade

I see, apologies, my bad.

100 Trades Analysis

Hmmm, 14 trades and not a single winner? I think you might be missing some pre mkt preps before making trades. Anyway i wish you all the best in your 100 trades analysis. I'm sure all of us will get to learn something out of it. Thanks for sharing. ...

100 Trades Analysis

I believe the qoutes from a demo platform is sometimes different from the actual... SO far the best possible option for FX: Broker: MBT(Best IMHO) Platform: Ninjatrader (Cheapest with ASM) Whats good abt these ninja lads, is that they have managed ...

Trading Platforms

What? U mean MBT's qoutes are now compatible with metatrader? U serious?

Trading Platforms

USDJPY Trade — USDJPY had a classic box play setup, sadly i took the wrong side of the setup. I entered a sell trade on a downward box breakout, followed by scalper price confirmation at 117.72. Stopped out at 117.85 2hrs later. Trade -13pips ...

The Scalper Setup

Hi andersenws, I can understand your confusion too coz it took me a few times of re-reading to understand the cause of it. The signal is actually just an indication that the first bar is either the top or bottom of a move. So when the signal is ...

The Scalper Setup

Hi, I'm afraid i do not have any indicators for it. I use the setup by pattern recognition. Not sure if anyone is wiilling to actually program the scalp setup. But i will keep posting trades using the scalp setup.

The Scalper Setup

GBPUSD Trade — First day testing the setup...it went ok i guess. A little add on note : With this 3 bars setup, its not surprisng that you will get multiple buy signal many times. To negate this effect, once a buy signal is announced, you ...

The Scalper Setup

Try using pivots and fibo points for target prices.

Stop Losses and Money Management

The range today made fair pips on Osc plays...any indication of market close buyout?

GBPUSD

Dear Pax, No problem! Its my pleasure. I would even recc his book. It has been the best most informative i've ever read.

The Scalper Setup

Hi Jim, First and foremost, i'd like to thank you for replying. Its 1st bar close. This setup does not look at highs or lows. Just the close. As in to say. If the CLOSE of 2nd and 3rd bar is higher than the CLOSE of the 1st bar, it will generate ...

The Scalper Setup

I was thinking of programming an indicator with this just arrows up or down but i don't know where to start. For an EA on the 15min, i think a stop loss of 20pips and profit target of 15pips minus spread trailing stop of 10 pips aft 1st target ...

The Scalper Setup

John F. Carter - Author of Mastering the trade. A must read for all aspiring day traders. A big bulk of his tactics and setups have already been posted in the Articles section of FF: http://www.forexfactory.com/forexforum/showthread.php?t=9829 He ...

The Scalper Setup

Gosh...the creator called it Scalper indicator...it can be traded on any timeframes as the creator suggest but he recc...5min, 1hr, day and week bars. I persoanlly have not tried and tested this system on FX, but my futres trade does get by fairly ...

The Scalper Setup

Sorry lads, the image was initially too big, i had to lower the pixels... Anyway this is setup could be used on any timeframes...John does not use any indicators with it. I think if we add an RSI or a stoch as confirmation signal. Pivots as price ...

The Scalper Setup

This is a great article. Almost covers everything he has in his book exept for $tiki, $tick and $trin monitoring. John Carter is truly a genius and trades in the simplest manner. I use a few of his techniques in trading. Trade Setups 1. Gap (Daily ...

Trade the Markets, by John Carter