I can definitely relate to your story. I spent years experimenting with different trading ideas and getting absolutely horrible results. For some strange reason, I would get major trading ideas after I would suffer major losses. That is the only ...

Owl Main System

Hey Simone, Thanks for the webinar this weekend. Your efforts are appreciated!!

Simple & Consistent Fibbing Method

OK...I will try another browser. Thx.

Simple & Consistent Fibbing Method

I get to the Presentation Launcher and then everything stops.

Simple & Consistent Fibbing Method

It depends on what perspective you view as zero sum. The "experienced trader" sees accumulation. If you were to draw a circle and within that circle you have the daily volume of the FX market of $4 trillion...then it is true that the net effect on a ...

Is trading a zero sum game?

A simplified version of what most people view as a zero sum game is as follows: Assume two brothers have a tradition where they give each other $100 on their birthdays every year. The net effect every year is "zero sum" because they are essentially ...

Is trading a zero sum game?

True. Once you gain experience and finally learn how to trade; there is no way you will allow a crippling drawdown to occur in your account. That can only come with experience though. If I see that there is a major breakdown in a play, I will get ...

AHA moments in your trading career

My biggest aha moment was when I realized that "the trend is your friend".

AHA moments in your trading career

This is very true. I trade with the trend in the smaller timeframes. I don't make 300 pips in one single trader over a 5 day period. Instead, it may take me three separate trades to do 300 pips over the same 5 day period. It is important ...

ok thats it!!! trading is more an art then a math algorithm

Interesting!!! If you were to extrapolate the success of this computer to every single retail trader. What do you think would happen to the markets as we know them? Just a curious question.....what if noone ever lost by using these super computers? ...

ok thats it!!! trading is more an art then a math algorithm

The emergence of computers caused a major "dumb down" of modern day traders. Why "pencil in" the change in price every day on walllpaper when you have this superfast computer to do it for you. This computer can also do complex math; to prevent most ...

ok thats it!!! trading is more an art then a math algorithm

Ooops....I meant to say that there are two types of TRADERS....because the first trader supposedly does not possess any trading talent as it were.

Why do Newbies Lose?

Trading forex is complex and requires a level of patience that is off the charts if you want to be extremely successful. When you first start trading, the amount of patience required is beyond most people's understanding. You can't gain that level ...

Why do Newbies Lose?

I don't use robots myself.....but I can imagine how horrified a broker must be knowing that he is taking the other side of a completely emotionless trade entry.

Why does Automated trading never seem to work?

In a highly leveraged market like FOREX....a Martingale strategy has the potential to wipe you out. As many have mentioned, you might be able to get away with it 70% of the time. But that 30% will have you "cryin' uncle" in the worse way and your ...

Does the martingale system really work?

Wow....excellent post!

Trainee Trader job?

I love the art of trading, I study the markets very intensely and it took some time for me to "figure out" the FX markets. I wouldn't have learned anything had I went to work for a firm. They would have probably used the same tired rules and ...

Trainee Trader job?

What happened last week was so outside the norm....very few people probably got the whole move. I figured I had plenty of time to trade the EURO down to 1.25......but it did it in a matter of days vs weeks. I cannot even comprehend that!!! The key ...

I lost money during the huge move

I made some excellent pips but I came out early because of NFP week. During NFP week the market normally trades in a tighter range than normal. I have never seen a selloff like this during NFP week!!!!! I guess the NFP numbers are being totally ...

1000+ pip market moves...hope everyone got it

Dang it, I was looking forward to that webinar. Can you give us a teaser as to what you had planned to discuss? Better luck to you next week.

Simple & Consistent Fibbing Method