The best example I can offer in terms of properly averaging down is the deviation from an area of support/resistance. As I mentioned before, you have to know when to do this because you could be in the midst of a major breakout and not know it if ...

Averaging Down

You have to average up/down "intelligently" in order to make a lot of money in FX. I used to do things like average in during a major break out...which is totally crazy......but at the time, I had no idea that I was in a major break out . ...

Averaging Down

Excellent point.......my thoughts exactly!!!

The Foundations Of Trading Success

lol, 33,000 hours of hard work along with a lot of blood, sweat and tears!! It's all about thinking outside the box.

Curve fitting problem in systems

Hey Saidar, I trade simple H&S patterns, with the assistance of channels and trendlines. You are correct, it is definitely more complicated than just trendlines. But as I mentioned before, I don't use the obvious trendlines that are taught in most ...

Curve fitting problem in systems

The reason why EA systems can never replace humans is because no computer in the world can eyeball trendline resistance/support. I'm not talking about obvious trendline resistance, I am talking about the complicated types of trendlines that the ...

Curve fitting problem in systems

An EA System is like trying to train a computer to draw the Mona Lisa.....it's not gonna happen. Trading is so much more complicated than that....EA systems are like a slap in the face to a true trader. Theoretically, the ultimate EA system would ...

Curve fitting problem in systems

Place $1500 in your demo account and attempt to double that amount 2 or 3 times. Using a small amount of money ($1500) will reveal whether or not you are using proper money management techniques. I feel it is a good benchmark to have in your pocket ...

Next step for system?

Personally, I have come to the conclusion that averaging down is the only way to make large sums of money at the FX game. The high volatility of the FX market, along with its high leverage, makes it almost impossible to go "all in" at once. I simply ...

is Averaging Down Profitable?

I think if you have been trading for a significant amount of time, you would not have a problem taking partial profits. When a trader is in a trade, his exit point is probably the same exit point that every other trader in the world is gunning for. ...

Taking Partial Profits - Is it Profitable?

Yes, when you are vague and have no intention of having a real discussion, you will get bashed eventually I suppose. Again, I'm happy that this person has discovered something special about the markets. I don't know about anyone else, but what I ...

Trend Lines Don't Work

I guess GEfx.....

Trend Lines Don't Work

How long will this thread last? You shouldn't start a thread with the intent of being vague. It's one thing to be vague in general.....because there are a lot of great traders who trade in the background who have no intention of exposing their ...

Trend Lines Don't Work

Ooops....I meant to say your "anti-anti-trend line methodology"......my bad!!!!

Trend Lines Don't Work

Well, I for one, wish you the best in your trading and I hope you take as many pips as you possibly can in the future using your anti-trend line methodology!!!!!!

Trend Lines Don't Work

This thread is creepin' me out man!!!!!!!!

Trend Lines Don't Work

This is your edge....if you don't have some sort of edge, you will not be successful for too long. I might add that my edge may be exactly the same as yours, but it is simply translated and interpreted differently.

Trend Lines Don't Work

I will say that trendline identification is more of an art than a science. There are some trendlines that can only be identified by thinking outside the box....and studying the not so obvious types of trendlines...it takes a whole lot of practice ...

Trend Lines Don't Work

As far as trading is concerned, nothing works 100% of the time...otherwise, we could all set up shop and trade the same pattern over and over again with extremely large leverage w/o any fear of loss. There has to be that possibility that something ...

Trend Lines Don't Work

Or, you can position yourself for one gigantic swing trade over several weeks and add gradually to your position. Either way is effective in its own way.

main obstacle for traders