Well whether you call it a line or a signal doesn't really matter much does it? I mean when a certain price point gets hit you will take the trade or not take it. Lines are used in football, war, chess, etc. The line is only a decision to do ...

Thinking Outside the Box!?!

Well I really didn't mean rhyme and reason the way you took it. Because you obviously trade for a reason... I think I meant this more in relation to risk. Meaning no matter how good your system is there will be an amount of risk. Some known, some ...

Thinking Outside the Box!?!

I figured you would find it entertaining and you did catch the meaning..."trading students often search." They would have never discovered so many calculations of "23" if they did nothing. FX is pretty much the same way. Do nothing and you will find ...

Thinking Outside the Box!?!

Ah, so now we get at the heart of your problem. But to be honest we all deal with this problem, some worse than others. The problem is risk. Because risk is always the unknown to a degree, but not fully depending on how you go about it kind ...

Thinking Outside the Box!?!

I thought it was a pretty good analogy. You can have information loss just off what codec you are using... in terms of video that is. Although this is very hard to notice with the naked eye, unless of course you know what to look for, but that ...

Thinking Outside the Box!?!

A forethought is never a bad thing, because you have to use your mind to obtain it... but don't just stop with the forethought and dismiss everything else, keep thinking and challenging your opinion to verify that it is correct... and then ...

Thinking Outside the Box!?!

This is what shackles your mind, it's not anything on anyone but you. This is ego related problem. I refer you back to the little quote I hang on my wall: The difference between a successful trader and an unsuccessful trader: The successful trader ...

Thinking Outside the Box!?!

Ok let me entertain you with something I have been playing with and see what you might come up with. The idea is simple... find a mean price of a particular currency. The mean price can be used as target points. To find the mean price you take the ...

Thinking Outside the Box!?!

Well I think how trade blind you are has more to do with which glasses you are wearing... short / term or long term. To play off the news as you say you do would require 24/7 listening as random events such as terrorism or earth quakes or who knows ...

Thinking Outside the Box!?!

You want to be able to trade like a winner. Doesn't everybody? What makes you think that someone else's system or methology of how they trade could be your own? I have given you examples to make you think. But you would rather get pissed off because ...

Thinking Outside the Box!?!

Well that's fine but this thread is about thinking outside the box. So wouldn't it be natural for someone to say that news is an "inside the box' subject? This isn't to say it's wrong to look at the news but to say you can gleem 100% insight 100% of ...

Thinking Outside the Box!?!

Yes, exactly.... this is directly related to your EGO. It is an emotion and can get you into more trouble than you realize. Example: I know I'm right, I'm never wrong... therefore I am always right. I never lose... not even a single trade ever! I am ...

Thinking Outside the Box!?!

The problem with news is it's a "fickle" crowd and depending on how things are worded --- if you're not in the know to know what or how a certain word or phrase is interpreted... IE Bernanke opens his mouth or even Greenspan for that matter... the ...

Thinking Outside the Box!?!

Never expect things to go as planned, especially when it comes to FX. By concentrating on this for 6 months puts you in a better position than most. I did pretty much the same thing you did.... but I did this on and off for years. That was 10 years ...

Time it takes to be a Successful Forex trader

Q1-2011 — Oanda forced to dump accounts that are interest only which changes the landscape a bit. It appears 70% is more realistically the magic number, but I would imagine that the 10% of the 30% that make money make more of it than the ...

US Forex brokers account profitability comparison

Go watch the movie: "The Number 23" with Jim Carey Another good one for comparison: "A Beautiful Mind" with Russel Crowe I think you will likely get a few answers.

Thinking Outside the Box!?!

Bingo I couldn't have said it better myself.... those are perfect examples of "Thinking outside the box." They all will get you from point A to point B but each one is different... to expand on that... we have trains, buses, boats, motor cycles and ...

Thinking Outside the Box!?!

How good or bad this thread is puts you in one group or the other. The two groups being the Unsuccessful and the successful. You started reading the thread to hope to gain insight to become successful as you might not know what kind of mindset is ...

Thinking Outside the Box!?!

Opinions will vary so you likely won't get a concrete answer. To me long term is longer than one week for the simple reason sometimes you can have a pair with a solid run up or down for a week. It's rare to see this type of move last longer than a ...

Why Trading Forex is So Difficult - Long Term vs. Short Term

1st grade math — Longer term traders are a different breed and different mindset, but if you do the math you can see very easily they could make more playing the smaller sides all the way to their long term plotted destination. Say they have ...

Why Trading Forex is So Difficult - Long Term vs. Short Term