Couldn't resist a little EU H1 scalp...

Buy sell line trading

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What kind of music you hear while you trade?

im inclined to agree with you hiddengap, it also presumes that all systems are complete and perfect, where in reality most are systems people are trying and looking to improve, hence they put it out there to the masses to see if someone else can ...

The life of a trading system on Forex Factory

nah Bill I think thats someone else on my thread, i never use pivots or round numbers. Price action and support/resistance only for me, I use the 50sma but I envisage doing away with that too at some point.

The life of a trading system on Forex Factory

ok, I hear what you're saying Bill..... do I believe its the only way to trade? i'm not sure... I'm not convinced all successful traders use a completely mechanical approach, and if they did would traders even exist? surely it would all be ...

The life of a trading system on Forex Factory

what about the turtle traders bill? they all traded the same system and rules, some were successful and some were not? why is that? We have to accept that the biggest variable is the traders themselves... I think there has to, and always will be an ...

The life of a trading system on Forex Factory

with regards adding indicators, I personally have never seen any instances where it has improved a system, in my experience all you do is get more winners that were loser before, and more losers that were winners before... just my opinion. In 3 ...

Buy sell line trading

Ok, bfis, I hope you do some demo trades and stick around on the thread, we could do with some clear thinking here.. good luck

Buy sell line trading

Cool Bfis... I have a friend that works for a hedge fund and he says that now they have more mathematicians than traders working for them, I can see why now.... So with regards the strategies used here, i'm right in thinking that perhaps a slightly ...

Buy sell line trading

That went a bit over my head are you saying that you need at least 250 instances to test before you have accurate data?

Buy sell line trading

will check it out on my mac, running windows... In the steve primo webinars he talks about 70% rule based allowing 30% for discretion... so if a signal fits all the rules you then have some discretionary rules you use to make the final ...

Buy sell line trading

Hi bfis, welcome.. first the trader that is successful but continues to teach... heard this argument a lot... my take is 1.sipping cocktails on the beach is pretty shallow, most would die of boredom quickly. 2. Maybe they get a sense of achievement ...

Buy sell line trading

ah ok, well if were taking the doji as a type 2 entry.. it closed in the top 25%, above the 50sma, the low was the lowest low of the last 5 candles, so entry would of been at the high of the doji +1pip + spread, and tp1 would of been at 1/1.. which ...

Buy sell line trading

The GU short is fine, but the AU trade im not sure what you mean? are you saying thats a signal to short on monday? because friday hasn't engulfed thursday and it hasn't closed below the 50sma

Buy sell line trading

nice Lazy, agree 100%, risk is always the same regardless of pip, correct position sizing etc etc.. I also use a trade manager, stuff can happen quickly and im guaranteed to get worse results if i sit and watch every tick of every trade. In fact I ...

Buy sell line trading

Bill im not 100% sure of what you're saying here? I believe these ideas can be used to make consistent profits, and I have some evidence of that in my experience and that of others using it. Thats all i'm really trying to say here... anyway here are ...

Buy sell line trading

Welcome Lazypawn, First thanks for the post, you clearly know your stuff and are testament that its experience that really makes the trader! Lets first have a look at some data... compiled on 20,000 instances... The bearish engulfing candlestick is ...

Buy sell line trading

have you got the link for it? i need a guru!

The life of a trading system on Forex Factory

nice video on consistency and a conservative approach to money management url and another... url

Buy sell line trading

possibly but its missing the point... What we are trying to de here is tune our mind to the flow of the market when trends are in place. the 50sma keeps us in line with the trend the bullish engulfing forces us to wait for a pull back and reversal ...

Buy sell line trading