....ok, I can see what Jacob is trying to do. Just to say this: the possible impact of any NFP number is completely variable - so is the outcome for traders putting bets on it each time. It will be hard to find a constant probability of X possible ...

How many PIPS you made/lost - Dedicated to NFP

...several times. regards

Anyone trading before NFP ?

Merlin hi, I take your fist comment as a compliment, thank you. To your question: we have the two owners (one of them still trades and he is beyond that threshold you mentioned) Otherwise, we're around 40 people (approx 30 traders and 10 trainees). ...

About those 95% or: some research to discuss

Cryten, let me clear a few things up for you here: I have not put words in your mouth - I simply wrote a reply to your post. Conversational threads work like this and at no time have I been personal - unlike you. What is good money is always in the ...

Why trading system don't work

yep, keep stamping those tickets...in 5 maybe 600 years you might get there.

Why trading system don't work

What difference does it make whether english is my first or my fourth language? I certainly don't know everything - but after 20 years of making money in the markets I can have my opinions. I might be a freak as you say - but I am a rich one...and ...

Why trading system don't work

...so what you are saying is that if I would pay for the course and your time off, you would become a great trader and subsequently very wealthy? The trading world is littered with "trading systems" - but not with decent traders. Does that say ...

Why trading system don't work

So ??

Why trading system don't work

...hmmm interesting discussion. Personally, I have no idea where the percentages for above-average traders stand these days and who qualifies for any such survey in the first place - but I work for a UK Prop. firm which was founded like many others ...

About those 95% or: some research to discuss

I agree, Cap88 - The edge is the closest thing to a "grail", provided all other elements like capitalisation and money-management are handled apprpriately. There is an array of new discussions within this one.... I better go for a math lesson now, ...

Is Martingale really dangerous?

Capitalist88, ...actually, please accept my apologies - you are correct. I constantly applied a rew./risk ratio of 3:1 instead of the given 2:1 which is the underlying norm. Nevertheless, the application of the strategy in the right environment ...

Is Martingale really dangerous?

...I should mention as you statet Cap, on a winning bet the outcome is always +1 unit - but not the first unit (10)that you say, but the current bet unit - in our example 640....or whatever the (unit)size of the winning bet. regards daytrading

Is Martingale really dangerous?

Cap, Not correct. I did not forget to lay down the 640 bet and my wallet is not lighter by 1270. It is only POTENTIALLY lighter, (see floating P/L) until the bet has concluded. Although I have made bets in a sequence, Martingale has the purpose to ...

Is Martingale really dangerous?

I disagree, Bounty - As stated, the Martingale strategy is designed for a fixed parameter environment. It has nothing to do with simply reversing and is applied correctly, the return is worth it. An almost perfect fixed parameter environment is ...

Is Martingale really dangerous?

J, I agree, the more safety net in pips you can afford, the better. And it depends of course what pairs one is trading - GBP/JPY with its spread and volatility is of course different than EUR/GBP which hardle moves 74 ticks in a day. The main point ...

Technical Analysis Fallacy

Hi all, ..as I mentioned in one of my previous posts during this thread, the Martingale strategy is not just black and white. When I trade intraday, I have a very high win rate 80%+ but with very small targets and very small (mental) stops. So, in ...

Is Martingale really dangerous?

J, If your connection breaks down and the price of an open trade causes a margin call by moving lets say 50 ticks against you, then you are over leveraged. Whatever trading style you employ, a minimum 100 tick disaster stop should not eat up more ...

Technical Analysis Fallacy

FTI, Although its not my cup of tea, there is always the alternative of trading currency futures instead of spot through the cme. There are plenty of reputable prop-trading firms around the globe that provide you for a fee with access to X-Trader ...

Technical Analysis Fallacy

FTI, ...not sure about that. There are like in any industry some balck sheep around. I can send you boxes full of my statements with the retail broker I used to work with for 4 years....no problems whatsoever...and I churned through a fair amount of ...

Technical Analysis Fallacy

FTI, ...sorry, I forgot to answer your question. I only know that the swiss retail broker has a good reputation - I don't use them personally. You'd have to enquire directly with them. Sorry I could't be of help. regards daytrading

Technical Analysis Fallacy