Money doesn't make you successful in Forex. A consistent trading method does. If you have that, then your money is probably safe.

How much money do you need to safely trade forex

I guess you have never traded the London Open? It is very common to see them activate the pending orders in one direction, then reverse to activate the other direction while hitting the stops from the first spike. Occasionally it will even spike ...

How much money do you need to safely trade forex

Thanks

There is no Magic Moving Average - You need only one

Do your thing. Good Luck.

There is no Magic Moving Average - You need only one

Each trade, by definition, is a random event. No two trades are ever the same. The day is different, the names of the traders are different, the size of the trades are different. The stock market estimates $30B in transactions daily. The Forex ...

Why are currencies more random than other instruments?

Sorry. I don't like the MACD, so have not been paying attention to this thread. I have no idea what you are talking about as it is apparent you have not used these indicators. Thank you for your opinion though. Perhaps do some analysis next time? ...

OsMA indicator and mechanical automatic trading

Remember the key point is that you are planting new seeds in your life. No one knows what makes a seed come alive. When you finally see it break the surface of the ground, most of it is still under the ground. What you see is tiny, but it grows and ...

Affirmations To Becoming A Successful Trader

If you are trading with unbelief, then you have to fix that problem. If you do not think your strategy works, you should not be trading it. Your instinct and your math have to agree or you will be ineffective. Concurrence between the two does not ...

Missing profit because I was disciplined near TP

I like the idea of this thread, but I have studied affirmations a little bit, and it appears you have made some mistakes. Consider reading the attached, simple suggestions, and modifying some of your affirmations. I convert mine into 4 different ...

Affirmations To Becoming A Successful Trader

A time frame is just a time frame. The only differences are the frequency between trades and the range of price from high to low / low to high. There is no such thing as noise on a lower time frame. Noise refers to head fakes and consolidation, ...

Which is better for gains? Higher or lower time frames?

Yes. Big communication problem. I am talking about something you said, not inventing something new myself. I said, in my opinion, based on my experience, one of your ideas cannot work, but you have left the reservation on your responses. Never mind. ...

More Advanced ideas

? Why are you talking to me about it? I didn't write it. I do that in a week. I said you cannot group all currencies into one. It is like saying all people are the same height and age. Economies are all different, so their correlation among each ...

More Advanced ideas

If you want to see manual MTF as simply a color code, you can use this indicator. Change the settings to 12/26/9. I only have the exe so cannot change the default. file If you want to see the lines, here is an MTF for that. Each cross is a 0 line ...

OsMA indicator and mechanical automatic trading

WOW! I know you are passionate about your cause, for the moment, but allow me to further educate you. A time frame is just a time frame. They all make the same patterns. The difference is the frequency of the pattern and the range of price from high ...

OsMA indicator and mechanical automatic trading

No problem. It is a well known system and nearly everyone loses with it. I have lost with it several times. Up to you. Too risky to me. If an indicator shows me a market head fake, that is good. If the indicator head fakes me against the market, ...

OsMA indicator and mechanical automatic trading

If you do not know, the OSMA is the area of the MACD between the Fast EMA and the Signal SMA. Each time it crosses, the OSMA crosses 0. So the problem is the MACD settings 12/26/9 are bad for trading as they have a tendency to show divergence. This ...

OsMA indicator and mechanical automatic trading

This post supports my point. If all currencies were correlated, you would not have 4 different colors. When you get down to the basics, it is really a matter of who is richer. Since all countries are not equally rich, they cannot be grouped together. ...

More Advanced ideas

I agree with this sentence, but after that, the differences pop up Scalping was very difficult for me. It was hard to keep track of the general direction. Stair step patterns and consolidation areas hurt me badly. However, while it sucked, ...

Mathematical reasons why MOST DayTraders & scalpers fail?

Good Luck. While you are tweaking during the week, try using some weekend time to find backup tools. Personally, I make sure I have confirmation from multiple sources. Might screw up your EA though, but if you like the creative challenge, maybe you ...

Kinetic Energy trading

Knowing how to trade also has nothing to do with how far price moves from your entry to your exit. That distance is called pips. In the attached pic, you are telling me the distance of the trade between the magenta lines is money. How much? I ...

How many pips does a "successful" trader collect weekly?