In this story, the burglar was disciplined enough to leave the diamond untouched and got out of the building in time. The burglar believed that there were enough other opportunities (possible thefts) to get rich. But in reality, it doesn't really ...

A story about a burglar and forex

I believe what you define as IQ and EQ is very interrelated, in the sense that rules and discipline diminish the influence of emotions. I like mathematician's list. I do have the feeling that the term Money Management has lost some of its value ...

What is most important in trading?

Yes, I think you are correct.

Optimized Risk vs Reward Equation

If I interpret you correctly, then what you want is offered by prorealtime for example. The free version only gives you end of the day data. The free charts offered are also only > daily, but you can set the number of days you want each bar to ...

Multi period charts

I personally didn't like the bullish signals that much, maybe this has to do with different feeds, but my 4h didn't show a pinbar and the 1h seemed too clutted for my taste. The double bottom and MACD convergence made it a bit prettier, though I ...

Silent Service Method

Hey Chris, I only see a black screen but do hear your voice. Not sure if its me or something that went wrong with the video but just wanted to let you know

Silent Service Method

In my opinion, the only effect of moving SL to BE is in the psychological sense that it gives the trader a secure feeling. It is some kind of stress relief valve, which also makes it deadly for (especially) beginning traders - because as people want ...

Moving stops to BE

Hehe nice example. My broker doesn't offer this pair, but I wouldn't be surprised if there was a pinbar at the double bottom on shorter TFs

Silent Service Method

What a coincidence, today the AUD had bearish price action on all major pairs except AUDNZD. It will be interesting to see if this is just a bounce off of the resistance levels or if its strong enough for an actual trend reversal.

Silent Service Method

Its amazing to see how markets move synchronously. Take a look at the AUD pairs. AUDCAD at a double top, very long term 61 Fib AUDCHF at 61 Fib around .94 resistance AUDJPY at 61 Fib around 85 resistance AUDNZD is a mess AUDUSD moves at .93 which ...

Silent Service Method

Thanks Stef for sharing those awesome tools. I really fell in love with the Volume Calculator, and I'm soon going to try out the PPZ Drawing tool - didn't get it to work immediately so I'll look into that later. Thank you too Chris, for providing ...

Silent Service Method

This might be a stupid question, but where can I find your homepage? I'm really looking forward to checking out your scripts! Thanks for sharing them

Silent Service Method

Hehe, where is the causation? Do high capital firms perform better, or do funds that perform well attract more capital?

Hedge Fund Year to Date Returns

It has nothing to do with open interest rates. Its just some kind of raw overview of their orderbook (where traders prespecifiy limits).

Strategy of losers

I'm going to try out Alpari UK. I just need to send a couple of documents before I can start trading.

Silent Service Method

Hey Stefan, Its insane how well your AUDCAD trade is making pips. It seems your patience is really paying off. Any news on your script by the way? Greetings, Mark

Silent Service Method

Don't take the concept literally. The main lesson I drew from this statement was that if you give trades the freedom to "run" (so not a binominal situation with a Take-Profit), it is key to trail a Stop-Loss. If you keep the initial Stop-Loss, and ...

"Never turn a winner into a looser" - Myth or Reality?

Cool. I'll be very interested since I'll soon open an Alpari account and start trading MT4 live.

Silent Service Method

If you enter a position, brokers generally lend from one (central) bank, and borrow it to the other. Of course there are many different types of brokers, but to understand the concept of a carry trade you should just look at it this way. The ...

Let's talk carry trading...