They're your edges are they? I see..............

Cant find a substantial edge!

A walk in the park, right?

problem solving

Hey Dan, how's it going! Yep been busy trying to automate a system with a Russian programmer. His english isn't great and my russian is worse.....it could take a while, lol There's been a few interesting perspectives on how other traders think in ...

Cant find a substantial edge!

Yes come back and let us know how it works out, it's sometimes the most insignificant things which trigger the ah-ha moment!

problem solving

You're still talking about probabilities though, not certainties. Why do you think some people can make some of the strangest strategies work for them? Earlier in the thread you dismissed several workable strategies which have proven profitable for ...

Cant find a substantial edge!

I agree, I don't think they're random either, but they're not reliably predictable enough therefore we need to treat them as random when we make a trade (manage risk). If they were reliably predictable we'd all bet the farm and be millionaires ...

Cant find a substantial edge!

Excuse me for being skeptical but that sounds like a crock, "I could tell you but I won't", lol I believe the nature of the market makes it necessary for players (banks, financial institutions) to be secretive, showing their intentions would be ...

Cant find a substantial edge!

Follow the plan and the results will follow, excellent! And that's all there is to it, simple in theory but not so easy in practice as you've pointed out. Greed, fear, impatience, boredom, psychology etc etc etc all mean nothing if one develops the ...

problem solving

Whose data are you seeing though, your brokers, their liquidity provider's? It's a waste of time in my opinion, I've never seen that data used effectively because it's pretty meaningless and never shows the whole picture.

Cant find a substantial edge!

In other words 'trade what you see'?

Cant find a substantial edge!

Care to expand on that opinion?

Cant find a substantial edge!

There's a difference between higher probability and best chance of success. Every trade you take should be given the best chance of success and meet your trading criteria, why take anything less? Because you're bored or trying to meet some arbitrary ...

problem solving

Could that be the problem, having a daily target? I'm also impatient and I also get bored but the difference is I walk away and go do something else rather than watch a flat market. I also set an alert on the chart when a set-up is setting-up, if ...

problem solving

It seems like you lack the level of discipline required, or you're getting bored waiting for trade set-ups which meet your criteria, or both. Maybe consider watching more pairs (more opportunities?), or spending less time in front of the screens to ...

problem solving

We trade in a similar way with the same tools by the sounds of it (not sure if that's a good thing or not!), with the exception of confirmation. Don't you find that waiting for confirmation often gives you worse entries, larger stops, smaller ...

Support & Resistance Trading

Where are you getting accurate volume data from though?

herds_sheep_lemmings - and nothing more!

We're all continually learning, no-one ever knows it all, I think that's what keeps the interest alive! I've always found most technical analysis is fairly subjective and there's rarely a 'right' or 'wrong' way to use it, it's how we see things ...

Chart patterns and trendline discussion....

Bloomberg and Reuters US and UK

Your Best morning coffee links

How about some horizontal lines as well?

Chart patterns and trendline discussion....

Absolutely, because consistently profitable traders know that it's not just their system which makes them consistently profitable. It's a funny thing, the ones who shout loudest on forums about being profitable are usually the ones who are losing ...

Any advice for new guy?