dangerous — A very seasoned trader told me this. 1) Beware of the academic market fundamentalist 2) Beware of the academic market technician I believe the main reason is because these people gives good idea/theories about the market, but wrong ...

Mathematical reasons why MOST DayTraders & scalpers fail?

Such irony, using that many indicators and said "simplicity is key". hehe. Anyway, most important thing is you have become a better trader.

ok finally!!!

Wow that's a great length of reasons how market works. Thanks to God, I have my moving averages that summarize most of the reasons. :

This so called "self-destruction" of trading systems...

You are damn right james. It took me 50% of my account and a smack from a very seasoned trader I met in real life to stop me trading intra-day charts.

james16 Chart Thread

Nicely put. Bravo

Why exactly do EMA crossover systems not work?

Don't you think it's probably easier if we stick to a simple trend-trading technique and trade different market at the same time? If we have 10 markets, if one of the market is trending, we will be good. It's the trend that makes the money.

can you earn 1400 pips per month with one pair?

What is a holy grail ? Does an auto-trading system that generates 1000% after 10 years can be considered a holy grail ? I don't know if this is a fact - You take the trade not because you know it will succeed but because you need to reproduce the ...

Market & Trading Facts

Demo trade is just a simulation. There's no impact on anything including the demo system itself. You can buy USD1 trillion in one trade in demo without affecting the currency a bit.

How does demo trade effect on live market

I use 2 EMA and little bit of price action to validate the EMA signal ... I didn't know that EMA can be that good until one day I met a seasoned trader who trade everything with those EMAs. It tells you the start of a trend and when market is moving ...

What is your favourite basic indicator???

You mean people really bet their whole account in one trade ?

Mathematical reasons why MOST DayTraders & scalpers fail?

EMA crossover works. Simple as that.

Why exactly do EMA crossover systems not work?

I don't know what to say about EA. I'm just back from a conference and the speaker demo'ed his EA where it turned 10k to 400k in 7 years. That's a backtest without optimization. The system is based on moving average. I cant think of a reason why it ...

Do YOU think EA's work (POLL)

A very seasoned trader that I personally know (28 years of trading) told me this - Beware of academic fundamentalist - Beware of academic technician Those people tends to tell you all kinds of academic stuffs and theories that will not help you in ...

Mathematical reasons why MOST DayTraders & scalpers fail?

EMA's and Trendline.

What is your favourite basic indicator???

My plan for Monday is to wait for retrace and enter long see how it works.

EURUSD

They probably can. But why should they ? There's no guarantee the market will follow their lead. Short the cable to cause it to drop 100 pips and if the market follows, they will profit. But who's going to guarantee the market will follow ? If the ...

This so called "self-destruction" of trading systems...

It just rallied 50 pips this morning, not to mention the market is not yet open lol.

EURUSD

I completely agree, sentiment drives the market. The key is to understand market sentiment. Many people try to predict sentiment using FA when such method only works if human are totally rational. Majority of market participants are not rational ...

Is the "system" part really so easy to come by?

Lol why not just do both (forward and backtest) if that makes you guys happy? After all, what's important in trading is finding reasons that give you the conviction to enter and exit the trade. If you need to hire time-traveller/voodoomaster to give ...

Ultimate Successful Trading Technique

Get yourself anything flat, projector, flat screen CRT, flat panel ... if it's a CRT monitor .. make sure the refresh rate is at least 85 Hz.

how do you protect your eyes...