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- fierceman replied Dec 18, 2011
Absolutely correct.
Is it true that anyone can succeed using any strategy?
- fierceman replied Dec 18, 2011
I disagree with that - in theory trade management could make a random entry system profitable, but it's strictly theoretical. Any trader that is so good at managing open trades can easily use those same skills to improve his entries, and only does ...
Is it true that anyone can succeed using any strategy?
- fierceman replied Dec 18, 2011
If you have the ability to know when to cut a trade short, and when to let it run, then you obviously have some tools that tell you the likely direction of the market. Why not use those tools for your entry, instead of relying on a random one? In ...
Is it true that anyone can succeed using any strategy?
- fierceman replied Dec 17, 2011
Of course, but there is no adjustment. I think your assumption that TP:SL starts off as 1:1, and then needs to be "adjusted" is arbitrary. TP & SL are whatever the system says they are. A system with an edge simply means that it has a positive ...
Is it true that anyone can succeed using any strategy?
- fierceman replied Dec 17, 2011
An edge just means you have a positive expectancy. It doesn't matter how many trades are wrong. If I have a system that gets me 500 pips for every 50 pips risked, and I win 25% of those trades, then I definitely have an edge. As I said, the winning ...
Is it true that anyone can succeed using any strategy?
- fierceman replied Dec 17, 2011
I'm afraid not. If you've got a small wiener, it doesn't matter who is using it, it still won't succeed. 1. There is no such thing as "using money management". All traders manage their money - some are just better at doing so than others, because ...
Is it true that anyone can succeed using any strategy?
- fierceman commented Dec 13, 2011
I think Sarkozy IS her strap-on.
France: the serial loser in unfolding euro drama
- fierceman commented Dec 13, 2011
Is it just me or does that chart behind Mr. Rehn make it look like he's got antlers? I guess they are going all out for Christmas.
EU warns Britain: financial rules apply to you too
- fierceman commented Dec 12, 2011
EUR used to rally unless there was some significant risk-off event from time to time. That is called an up-trend. In the current climate, EUR drops in the absence of any risk-on political fudge factors. That is called a down-trend.
EUR/USD touch lower in early European trade
- fierceman commented Dec 12, 2011
I don't think he means retail.
Leveraged sellers behind the latest downdraught
- fierceman commented Dec 9, 2011
I'm inclined to go with Britain on this one. The Titanic might have looked great while docked, but the realities of the open sea didn't support that view. Now that the band is playing, I don't blame people for wanting to bail.
Bye Bye Britain: The European Union's New Face
- fierceman replied Dec 8, 2011
Anything else would make it completely pointless to lie, or to tell the truth, I suppose.
lots of wolves, sheep and pigs
- fierceman commented Dec 8, 2011
All that for a 1/2 mil? AND you get caught?
How 94 Crooks Used A TD Bank Loophole To Score Half A Million Dollars
- fierceman commented Dec 7, 2011
I think the key here is that the numbers are not adjusted for inflation, so what looks like stagnation is most likely decline.
This is what a real market crash looks like
- fierceman replied Dec 7, 2011
...but I'm gonna hate on people. Not that you're wrong to do it though... I just don't think you should say you don't mean to do something right before you do it. As far as the wolf & sheep analogy, it's simple economics: the wolves will be around ...
lots of wolves, sheep and pigs
- fierceman commented Dec 6, 2011
A quick calculation (weighted avg. by GDP) shows EUR/USD fair value at about 1.1360 according to these Nomura numbers. Interesting.
Nomura Presents The Fair-Value Of European Currencies In A Euro Breakup Scenario
- fierceman commented Dec 5, 2011
Is that guy in the picture impaled on the end of the EUR symbol?
What can save the Euro?