"The aim of the archer is not the center of the target, but the center of himself." -- Zen in the Art of Archery, Eugen Herrigel I think this can be applied to trading as well.

"Awareness" Quotes and Snippets

"Anyone who believes exponential growth can go on forever in a finite world is either a madman or an economist." -- Kenneth Boulding, economist Sure, you can compound 10% a month into mega-millions in less than a decade, but at some point, you're ...

"Awareness" Quotes and Snippets

I'm guessing it has to do with fiat currencies and Central Banks... the fact that since the early 70's, virtually all currencies are based on how much money is produced by leveraged debt.

"Awareness" Quotes and Snippets

Gaps over the weekend are usually not that big when viewed on a daily chart (typically 10-20 pips). Plus, when they do gap, most of the time the price retraces to close the gap by the end of the day, and if it doesn't retrace, it continues with the ...

To hold or not to hold trade during week-end?

There was a story floating around here how one guy in Japan went from having a ~$13,300 account to something over $100 million account in eight years. Most of that fortune was made when he bought a stock that was accidentally quoted as 1 yen instead ...

Poll: Is successful trading more dependent on skill than luck?

Exactly. Hell... a handful of futures traders were even successful using the random entry/MM exit method. The Turtle method was famous because 70% of the students who knew crap-all about commodities went on to become successful traders. If you look ...

Sharing hurt your method?

I know... I was just taking the reasoning to the next logical step.

S & R Cracked

Pivot points were developed by floor traders of commodity markets because the only thing they get to see is the current price, and that's it... no charts, no open book, no indicators, and the only thing they're allowed to have on the floor is a ...

Daily GBP Povit Points (S/R levels)

Then the same can be said about trend lines... after all, these are points where prices bounced, and you can only draw them after the fact. The only difference between S&R lines and trend lines is that one is always horizontal, and the other is at ...

S & R Cracked

About the only effective strategy using time that I know of is waiting for a breakout or exiting your position if the market hasn't moved in a certain period of time. Both of these strategies are based on sideways action in the market, such as if at ...

Time factor in trading

The big institutional guys typically use 50 and 200 period SMAs on daily and weekly time frames for S/R. Sometimes the 20 SMA is used for shorter term S/R, and I don't think they even bother with smaller time frames.

The 100 and 200 Simple Moving Average

I'd say, that like most things, it's luck first, then skill. I used to play pool quite a bit, and when I first started playing, it would be a 1 in 100 chance that I could make a bank shot (bounce the ball off a rail and into a pocket). When I ...

Poll: Is successful trading more dependent on skill than luck?

Exactly. Most people don't even bother with exit signals. And trailing stops are not exit signals; they're an integral part of an exit strategy... your exit signal should get you out of the market before the trailing stop order hits. Stop orders are ...

Poll: Is successful trading more dependent on skill than luck?

The PSAR method is fairly complex. Here's a quick summary of how it is calculated: url

Bodger SAR Method

Yeah, this was a question I had as well, Bb. I was looking at the 4H PSAR overlay on the 1H chart. Do you take entries only on 4H or entries on 1H that agree with the 4H PSAR?

Bodger SAR Method

Yeah, the EURGBP runs few pips per day, so the trends are not as obvious. The reason is the same reason why GBPJPY runs a lot of pips per day. This has to do with the value of the primary vs. secondary currency. In the GBPJPY, the GBP is worth a ...

Bodger SAR Method

I've been dabbling on and off with FOREX for about two years... nothing too serious. However, I've been trading for just over four years in stock options.

Poll - When did you start trading forex? Anyone had 10+ years here?

Linuxtroll has some really wild MMA ribbons, and sometimes uses them to scalp on charts as low as 5 seconds. Personally, I don't like having a ton of MAs on the chart because I like to look at the price bars. I dunno, I guess I can move the ...

Microtrading the 1 minute chart

Then I guess that'd make me "bb" Oy... this is getting confusing.

Bodger SAR Method

Hey... I can think of a good trailing SL technique. Use the PSAR itself! That's what it's there for! I'm being serious here. The only difference is you would lag it by one bar, so that you can still get out at a better price on the ...

Bodger SAR Method