'nuf said.....I concur!!!!

Why Do We Have False Breakout

I make incredible returns on false break outs. The trick is being able to differentiate between a false break out and a real break out. You can easily blow out an account if you don't know the difference.

Why Do We Have False Breakout

IMHO, I believe false breakouts occur in areas where there is an overwhelming number of orders on one side of the market only. This probably occurs in areas where it is perceived to be a high probability area for 99% of traders.

Why Do We Have False Breakout

Often those ribbons can be right in front of your face, but like I said, they are very well disguised by the MMs. The longer you trade, the better you become at finding out where the ribbons are hidden (high probability plays).

Market Random and Predictable Parts

There is a ribbon of intelligence that runs throughout the markets. However, there is just enough chaos thrown in just to throw off inexperienced as well as incompetent traders.

Market Random and Predictable Parts

I have to mention one thing about MM skills. MM skills does not mean that you take a loss every time it goes 15 pips against you. Having good MM skills implies that you have a firm grasp on the risk/reward profile at any given moment. It implies ...

I am demotivated...

You have to absolutely have a passion for trading FX because most people will suck at it for a long time before they figure it out. You have to take an almost scientific approach to trading if you want to be good at it. Once you come up with a ...

I am demotivated...

I am not a Quant....but I find their work to be interesting. My claim to fame is more along the lines of pattern recognition.

Random walk and Pascals triangle

This sounds like a Quant thing. Is there anyone in this thread who is an actual Quant?

Random walk and Pascals triangle

Dangit.....now I will think about moving the FX market every time I hear this song !!!! That is totally hilarious!!!

Let's move the market!

In my first year of trading FX, I came up with an idea to blindly pick a pair and go long or short based on a coin toss..........I was serious. My advice to you my friend is to continue to study the market. It's hard work. You have to have an ...

Let's move the market!

I believe there is a method or style of trading that has a high probability of success. I honestly believe that a trader will come very close to finding the Holy Grail when they are able to find a system trades just as well in the 1 minute window as ...

Do you still believe in the perfect trading system?

I agree....you can have a lot of "experience" in looking at the markets from the wrong perspective. If a retail trader is getting slammed by the markets, it is because he is missing some critical information about how the markets work. Also, I ...

Why are most retail traders usually on the wrong side of the market?

Interesting. Is experience more important than skill? Or does being skillful imply that you have a significant amount of experience.

Why are most retail traders usually on the wrong side of the market?

I respect NE1 who has issued over 1800 posts like you have. I apologize if you misinterpreted my posts. I am an Engineer by profession and I tend to be over analytical to be honest!!!! It's in my DNA. If my engineering calculations are off just a ...

Why are most retail traders usually on the wrong side of the market?

Have a good day Pipmutt and yes I do value you and your opinion as a forum member here!

Why are most retail traders usually on the wrong side of the market?

Why the insult? I have not and will not insult you or anyone else in this forum.....it is disrespectful.

Why are most retail traders usually on the wrong side of the market?

Verbs and nouns tend to be mutually exclusive. In simple terms, everyone who analyzes the FX market is not an FX Analyst; however all FX analysts analyze the markets. I tend to form my own opinion when it comes to the markets, but it is easy for an ...

Why are most retail traders usually on the wrong side of the market?

Now to the basic question.....do retail traders analyze the markets? Of course they do. I analyze a lot of things.....it's just a verb. A FX Analyst is a title which I do not possess.

Why are most retail traders usually on the wrong side of the market?

I was recently on a board where a so called respected analyst (out of respect, I won't mention his name) was telling everyone to sell AUDUSD. From experience, I knew this guy was dead wrong. Just like clockwork, he disappeared and was never heard ...

Why are most retail traders usually on the wrong side of the market?