You have to understand that if price moves from 1.3493 to 1.3624, I'm looking at a MT feed, then the prices between those two numbers never existed. It's the same as if I have a store and I sell a TV on Monday for $300 and you come back on Tuesday ...

New to me from cms

Get one of these and use it whenever you bail out early. It really does work.

I exit too early...

This is a very nice piece of software and it's worth every dollar they charge. url

Forex Strategy Tester

Lol, I just went through a 5 month drawdown! If I can make 3-5% per month, everyone is very happy. My clients are very realistic. Besides, they all have money elsewhere being risked at different levels. I guess I'm the safe guy, because even after ...

Attracting Investor Capital

Yes, I do use it. Monthly.

Attracting Investor Capital

By definition, Black Swan events are unpredictable, extremely rare, and usually catastrophic. The thread digressed into a discussion about edges lasting or disappearing. As far as protecting yourself from a Black Swan event wiping out your trading ...

Black swans

I agree for the most part. I tried the demo of the above and concluded that I already know what he's trying to teach (I did do a seminar with him and we spent a day on MM). Also, the program above utilizes some huge assumptions, some of which I've ...

Van Tharp's New Position Sizing Game

When 1% of your account is equal to 6 pips, you're overleveraged, no matter what anyone says. The fact you posted it tells us that you've invested a lot emotion into winning. That's a BAD THING! What happens when you lose 60 pips, which can be done ...

yeeeah, i made 24 pips this month!!!

You know, all brokers have some problems, some worse than others. But this is true about everything in life. People new to trading seem to not understand that if it wasn't for these brokers, they wouldn't be able to trade Fx at all.

Best of a bad bunch?

How many clients (investors?) Three. How long in the business? Trading OPM, in 4th year. How much AUM? 600k USD What kind of business structure? What kind of registration do you have? None, really. I and my clients are outside the US. Who is your ...

Attracting Investor Capital

I've been trading OPM for some time now. For me, the key is not having wild equity swings. If a client says they want 100% + pa, then avoid them. It's only going to lead to problems because even if you hit that, they're going to want more next year. ...

Attracting Investor Capital

One of the problems with discretionary trading is that we tend to make it more complex than we believe it is. As soon as too many factors are involved, then problems set in. In particular, the problem of not taking trades because of doubt. That ...

How to overcome "Hindsight Bias"?

The great trader, Ed Seykota, has a collection that runs back decades that show exactly this. When everyone and their brother is buying, it's time to sell it.

Retail Positioning - The Ultimate Contrarian Indicator

This is another one of the "truths" that is thrown around without much thought. The FX market goes up and down. The one thing that does change is volatility, but the structure remains the same. Oops, just saw the post above which said the same ...

Stating The Obvious and The Quest For Wisdom

Our capacity for making mistakes and errors in trading never really diminishes. Certainly, the market's ability to provide opportunities for us to make them never diminishes either. The best one can hope for is the ability to recognize such mistakes ...

Stating The Obvious and The Quest For Wisdom

Because this forum has proven that, just like in many other things in life, quantity does not always equal quality.

TEB2

Is it my imagination or has there been a huge amount of people coming onto these forums in the last year or so spewing out what makes a trader win, lose, pass gas, etc? They write as if they have the definitive knowledge of what works and what ...

What Right Do You Have To Trade Forex?

In unmarked $100 bills.

How Did George soros withdrew the money when he made 1 million?

Take a look at this, it might help, it might not, but it's worth reading if you want to use the RSI.

RSI based system not working anymore