Then there is very little point in reading him... There is a big cliff between THEORETICAL and PRACTICAL knowledge. MM depends a lot about the time of mathematical model of price, and you can't talk about One-Size-Fits-All because there isn't one. ...

Trading vs gambling

ATR, Bollinger bands, ADX/DMI,fractals, to name few that I remember

Are indicators useful?

Hi Nader, a question: Does Dr. Tharp trade currencies or just stocks? Remember that Forex and stocks are 2 different animals. What works for stocks may not work for currencies and vice versa.

Trading vs gambling

Please show the math behind those statements. When you initiate a trade, someone has to be on the other side of it. What if the majority of people (if not all) are on a right side, then who will have to take the losing position * 99,000$ ????

Trading vs gambling

Euro rose by measly 192 pips or not even (or barely 2cents)... There have been bigger move just a week b4 9/11. Many other currencies didn't move much either... Interesting... FOREX has a liquidity problem!!! Meaning the brokers have to trade with ...

Trading vs gambling

What I've tried to say is that sometimes currency exchange rates seem as connected to the world as casinos... (Sometimes, not always). I mean during 9/11 currencies didn't move what they should have... Katrina didn't send USD trending down (infact ...

Trading vs gambling

Interesting... What about 9/11 and Katrina??? How many people has it affected??? Apparently FX thought otherwise... I politely disagree... Forex IS tweaked against you, and it is a FACT. Spread is against you, slippage is against you, occasional ...

Trading vs gambling

Stock market ALWAYS has an upward bias. If the stocks price is for example 20$, where does it have more room to go? to 0 (never to negative) or to almost infinity (up?). Smart traders know that mathematical odds are in favour of BUYING stocks. Not ...

Forex as a system... Who benefits? What internal rules exist in FX?

Some more ideas: Just how is the price formed on the Forex??? Again it is the crucial question because if you don't know how it is formed, then indicators and strategies are like a computer for a savage (who would use it like a rock to hunt ...

Forex as a system... Who benefits? What internal rules exist in FX?

part 2

What does Technical (Candlestick) Analysis say? What do you see?

Was there such a theory? Any links because I might want to read it . I didn't write this as a conspiracy. It is based on human egoistical emotions of Greed, Fear and Control. We all know (atleast I hope) that on a material plane, Money controls ...

Forex as a system... Who benefits? What internal rules exist in FX?

I haven't heard that as the definition of volatility. What I head was: Volatility 1. A statistical measure of the tendency of a market or security to rise or fall sharply within a period of time. http://www.answers.com/volatility&r=67

shortterm vs longterm trading

Hi Micheal. Few additions. Considering that average hourly range of Euro is 29 pips, then 75 pip stop loss can be hit under 2.6 hours of Euro trading... 225 pips might take 1.5-2.5 days to hit.... Where do you think the price will reach (maybe just ...

Forex as a system... Who benefits? What internal rules exist in FX?

You forgot to mention mathematical suicide when you scalp or even daytrade... Where did you hear that? Forex is the least volitile of the known markets... Forex rates barely change above 1-2% daily... Penny stocks can change as much as 30% per day... ...

shortterm vs longterm trading

I advise you all to run statistical correlation analysis of indicators. You will be very shocked, I know, it happened to me... Most indicators are almost identical, if not 100% identical to each other.... So when you buy your super advanced charting ...

Are indicators useful?

I agree with you. However, there is a very big problem with so called "Money Management". Some people say that "Oh set your risk reward 1:2 and even if you loose 50% of the time you will come out ahead". If you set your risk to 1 and reward to lets ...

Forex as a system... Who benefits? What internal rules exist in FX?