I'm agreeing with you. The 3 necessary elements of trading have nothing to do with religion or any aspects associated with it. Karma is only an opinion, and I'm proof that you don't need it to become a successful trader. Personally, I don't think we ...

The 3 Elements of a Successful Trader

LesLau, I don't know what you would consider a successful trader, but if it is someone who trades the markets on a FT basis from his home office, has the ability to assess the markets and trade them accordingly, then I'm a successful trader. As far ...

The 3 Elements of a Successful Trader

I'm glad someone else is using them and likes them. I was starting to feel like a salesman--lol.

AUD/USD

Diggo, I'll put another plug in for my broker. I trade the NFP. EVeryone of my orders has kicked in.

AUD/USD

I've had many brokers, and by far, Hot Forex is the best. I'm talking customer service, the whole thing. I once had a TP on the AUD/USD. I set the trade, went to bed, and was shocked my TP was not hit. A closer look showed me it was, but their ...

AUD/USD

Pardon me. That was my fault. If I'm now understanding you right, you put a long at the high end of the channel and a short at the low end. I do that every NFP report. Sorry for my misunderstanding.

AUD/USD

You're not serious!?!?

1stECN! $16 to over $150k in less than 6 weeks!

You must be like me, from the USA. I use Hot Forex. I cna hedge and have 500:1 leveraging.

AUD/USD

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AUD/USD

Was it something I said?

AUD/USD

Nice call.

AUD/USD

I think it depends on how you look at it. Many people say they are hedging trade, when the trade has gone against them 50--100 pips. All they did was make matters worse. That is not a hedge just because they went the opposite way. OTOH, let's say ...

AUD/USD

Right, but the news event on Wednesday has nothing to do with the MT view. Best way to trade the news is draw your channel lines, have an entry on either side, wait for one of them to hit, then bag the profits. I trade the NFP exactly that way every ...

GBP/JPY Scalpers

I couldn't have said it better myself.

Cable Update (GBPUSD)

Another thing I should have pointed out from the previous post is to watch the price once that purple line is broken. It marks the swing low, and it is also a 1-2-3 pattern. When a 1-2-3 forms going the opposite way, once the 2 is broken, be ready ...

indicators - magic tool or NOT?

I wanted to bring your attention to the stochastics. It is proof that it is a matter of knowing how to use indicators rather than blaming the fact they do not work. Stochastics is an indicator you con't trade just because you get a crossover (All ...

indicators - magic tool or NOT?

The ichimoku cloud is actually 5 indicators in one-- tenken, kijun, chinkou, A kumo, B kumo. They are all highly significant, and when used as a confluence it is a highly powerful indicator. I don't want to just take over, or bore anyone. With the ...

indicators - magic tool or NOT?

Notice on the chart the candle behavior with the clouds once entered, then where it heads. The rule is when they enter atone end they will at least touch the other end. There is also a way to trade the exception, but for now, I won't get into that ...

indicators - magic tool or NOT?

Forexnuts, good point! Trading is very personal. This includes the indicators and how you use them. Others like to trade pure price action. It is a matter of finding what's best fits your personal trading.

indicators - magic tool or NOT?

No, this guy's name is not Patel, and he does not write books. He financed his site solely through his trading, which is another reason I respected him so much. I do not do training videos. I guess the op would not mind if I post some charts here to ...

indicators - magic tool or NOT?