Yes, it's true. And one of the lessons it taught me was to have faith in my boys as well. I'll support them in anything they want to do, after all it's their life, not mine. Another lesson is that people always want to keep you at their level. When ...

People say systems don't work (only pure price action does)

No, it really isn't that simple.

People say systems don't work (only pure price action does)

You and I have different understandings of what contrarian trading is. I posted a piece by a guy who was a contrarian trader for PTJ, who is also a contrarian trader. That's my definition. You're definition doesn't work because you are working from ...

People say systems don't work (only pure price action does)

Don't listen to these guys, they take themselves way too seriously. Screw it, triple up on the next trade. You're on a roll so ride it.

Celebrating the first trade

But a contrarian will always bail out of a trend before the herd does, thereby he's always a contrarian, both when he enters and exits.

People say systems don't work (only pure price action does)

Create an Excel calculator. By doing so, you'll learn the math, which you really should know. Once done, you can know beforehand exactly what your position size will be for any pip amount.

Money Management Question!

At one time, virtually everyone in the world believed the world was flat and that you would fall off the edge. At one time, the vast majority of Germans believed that Adolph Hitler was good for Germany. At one time, the vast majority of people ...

People say systems don't work (only pure price action does)

Now double up on the next trade!

Celebrating the first trade

This stuff is so much easier to read when it's put into paragraphs. Hi Guys Over the past 6 months i have been trading purely on chart technicals, watching 16 pairs, and taking trades with tp/sl usually around 80 to 120 pips. Usually i would take ...

Technical trading with big TP/SL

You should accept the fact that you're not very bright and stop trading now before you really get hurt.

steps to follow when a broker scams you?

That is so true. It annoys me whenever some idiot says that successful traders wouldn't waste their time helping others. Successful people in all professions tend to help others because they were probably helped themselves. It's how the world works, ...

Let's be Honest

Bank holidays are a good time to do something other than trading.

Question about Bank holidays

I'd say you're getting close. Remember, you control your thoughts. If this is tearing you up, it's because you are letting it do so. So stop that. Now. Again, you're getting close. Ed Seykota said it best...Everyone gets what they want from the ...

Let's be Honest

Jesus H. Christ, this forum has become a scam magnet.

A new emerging commodity / currency : Bitcoins (BTC)

It's amazing how people respond to questions without answering them. When it's a bank holiday, it means the banks are closed in that country. It also means that most of the investment houses, hedge funds, etc are also closed. Therefore, most, if not ...

Question about Bank holidays

Michael Lewis in "Liar's Poker" wrote something that was also told to me buy a trader who worked for Tudor Jones. Essentially, becoming a successful trader develops in one an "ugly elitism" in which one thinks everyone else is stupid. It may be ...

Travails of a Money/Fund Manager

Brokers are like wives. There's always something to complain about, but for the most part, I'd prefer to stick with the one I have.

OANDA Discussion

That's not an accurate comparision because Windows consists of an unbelievable amount of code, much of it interconnected so it really isn't a straightforward fix for things. But then again, one could make the argument that they could simply hire ...

OANDA Discussion

It can't be logistical. Think about it, Oanda is one of the most successful brokers in the FX world. They've got enough money to build any system they want, with all the servers they would ever need. There's something else going on. What it is, we ...

OANDA Discussion

The difference is that someone can do anything for 10,000 hours and not become very good at it. They may become competent, but that's as far as they go. To become expert at anything in this world, you need to spend 10,000 hours practicing correctly ...

Ridiculous Trading Myths