No.......a coin flip is the equivalent of giving up. Just send your money to me. There is a ribbon of intelligence that runs throughout the markets. Traders are creatures of habit who do the same thing over and over again. Your job as a trader is to ...

Coin tossing and random entries

I didn't discover the Holy Grail fully until I finally realized that the trend is in fact your friend. When I first started trading forex I became very good at picking exhaustion points/overbought areas. In other words, I became good at countertrend ...

Do you still believe in the perfect trading system?

You also need to have an insane amount of patience which most people are not born with. The "experience component" of trading any vehicle succesfully cannot be understated. You literally need thousands of hours of screen time studying price action. ...

The Reason why 95% Traders fail

Wow....I didn't know Livermore was a racist. I've read the book, but somehow I must have overlooked this racist implication.

The Reason why 95% Traders fail

Trader? — It is a mistatement to say that 95% of traders lose. You're not a trader just because you make a "trade". It is true that when you begin taking trades in the FOREX market you will make a lot of losing trades. I believe that there is ...

The Reason why 95% Traders fail

Classic chart patterns — I believe the real question should be "Why do classical chart patterns fail?". I have found that there are certain chart patterns that work well consistently but they can't be placed in a standard chart pattern (cup ...

Why a chart pattern fails?

Random........not! — If FOREX was random, it would cease to exist. Search a little deeper and you will uncover how perfectly organized FOREX is.

Thoughts on randomness and systems

Not Random — The first step in understanding the non-randomness of FOREX is to put away the indicators and instead focus on what makes the prices move.

TA self fullfilled prophecies... what a joke.

Not Random — During periods of low liquidity or when both the US and London markets are closed, the charts would appear to be performing randomly. Trust me.....there is absolutely nothing random about FOREX. The more I study FOREX, the more I ...

TA self fullfilled prophecies... what a joke.

Without a doubt it is money management. Money management involves taking losses using a concise set of guidelines. Money management is the most difficult skill to master because it involves a skill that human beings are not born with and that is the ...

Best single characteristic of a trader?

I agree

Trade what you see NOT what you expect

TA — TA works but not in the traditional sense. I used to focus on MACD, stochastics, MA xovers, etc.; but my greatest revelations about trading occured when I focused on price action.

TA self fullfilled prophecies... what a joke.