Concerning the moon conversation. Welles Wilder approached wealthy individuals, and sold them a method that exploits moon cycles. I believe his method initially sold for tens of thousands of dollars. If you're interested, google "Delta Phenomenon". ...

Trading by the Light of the Moon

I would agree with you that order flow doesn't fit into FA or TA, and from what Hanover stated, I believe that he too believes order flow is a main determinant of price. If I remember correctly, the correlation between order flow and price movements ...

Trading by the Light of the Moon

Also consider using a high-water mark. (see e.g. http://www.investopedia.com/terms/h/highwatermark.asp#axzz1XL7WwJBA)

What are fair managed account terms?

EURDKK

Most ranging Pairs?

Before I go on holiday, I would like to give a final post. When I get back I hope to be able to enjoy a lively discussion on the topic I must say that I like the responses so far! You've come to a point that I agree with. I cannot figure out a ...

On the purpose of Monte Carlo methods in trading

No wonder people in the world resist to the US bringing democracy to their country. This political mumbo jumbo - myopic, self-centered politicians only caring about getting votes during the next democratic election - is capable of ruining an economy.

US Debt Ceiling Crisis Thread

I agree: this thread to has dissected the issue to a sufficient extent to answer the question. I cannot say whether you just missed the essential posts, or were otherwise blocked from absorbing the wisdoms that have been shared with you. Frankly, I ...

Price action is dumb, and you're lazy for thinking otherwise

Do you know how the heat alters the proteins inside an egg when you boil it? (I don't). Yet, we still boil our eggs. Point being that you don't need knowledge of how things work in order to use them. The desire to figure out how stuff works is ...

Price action is dumb, and you're lazy for thinking otherwise

I appreciate the post, especially as it is coming from you I actually did some statistical research on certain indicators, including Welles Wilder's Relative Strength Index, and found that when RSI dropped below 70 (which is considered to be a ...

Price action is dumb, and you're lazy for thinking otherwise

Unless there's endogeneity...

Price action is dumb, and you're lazy for thinking otherwise

TA should exploit either self-fulfilling effects of TA, or exploit other properties inherent to the market and its participants. Example: -Forex market is a multi-level market, consisting of the customer market and the interdealer market. -Dealers ...

Price action is dumb, and you're lazy for thinking otherwise

I try not to measure the greatness of a trader by the slope of his equity curve, but by the motives behind his actions. Anyway, the equity curve by itself has little to tell. Knowledge of the trading method is required to interpret the results.

So, what makes a great trader?

Nope, it was never implemented - there's just a couple of countries that implemented national stamp duties. And yes, it would kill daytrading. Imagine spreads rising from 1 pip to 11 pips. Trading actively would then drain your account pretty ...

Tax on financial transactions on European Union proposed yesterday

At the risk of coming across as an idiot, may I ask you how do you define order flow?

The market never cared about your moving average or candlestick analysis

Very interesting post indeed. Thanks for sharing. I am a big believer of that money management should be a function of expected edge. Furthermore, I agree with the blogger that the edge is dependent upon (sticky) market conditions, and thus that the ...

A fascinating read for all

I´m not sure if it was mentioned in the article, but pip values change as a function of price. Therefore, for a perfect hedge you´ll need to continuously adjust the the lot sizes. Also, a source of profit for most retail brokers is the skew of ...

Synthetic hedge