- Search Metals Mine
-
2+2=4ex commented Nov 6, 2013I don't know if Livermore was the greatest trader of all time. If you believe the greatest trader is someone who became wealthy and stayed wealthy then Livermore is not your greatest. He sure did have huge testicles though, figuratively speaking.
Jesse Livermore: The Greatest Trader Who Ever Lived
- 2+2=4ex replied Nov 6, 2013
The better question is... Are human beings random???
Do you believe this market is random?
- 2+2=4ex replied Nov 5, 2013
I caught the AUD/USD short also. It was my single highest yielding trade of the year. I bailed when the pullback got to 0.9400. Of course it would have been nice to take the profit that was there at ~0.89, but at the time I was targeting 0.85.
AUD/USD
- 2+2=4ex replied Nov 5, 2013
It's truly good to see you have been successful up to this point. Congratulations. Perhaps you have exclusive information which prevents you from ever picking the wrong direction (I don't know). If you don't have some special or insider type ...
Trading Without a StopLoss
- 2+2=4ex replied Nov 5, 2013
Okay. Remember to ask yourself if it is better when you are thousands of pips in drawdown and looking at multiple years to reach breakeven.
Trading Without a StopLoss
- 2+2=4ex replied Nov 5, 2013
Nice photo-shopping skills! It would have been perfect if you pasted a candle from the same zoom level
AUD/USD
- 2+2=4ex replied Nov 5, 2013
If you have a 97% win rate then you are trading with a stop loss. Trading with absolutely no stop loss would have a win rate of 100% (assuming you never get margin called). I'm not going to debate whether someone could be long term profitable ...
Trading Without a StopLoss
- 2+2=4ex replied Nov 5, 2013
That's just a head and a shoulder
Will it turn into head & shoulders? Maybe. Maybe not. 
AUD/USD
- 2+2=4ex replied Nov 5, 2013
If someone shorted at 0.89 then they deserve what they got. There wasn't much pullback along the journey from 1.05 to 0.89. And I know that seems easy to say now in hindsight, but I remember thinking after we broke 0.9750 that continuing to add to ...
AUD/USD
- 2+2=4ex replied Nov 5, 2013
Speculating the future does depend on traders time frame. The past is not up for speculation however.
AUD/USD
- 2+2=4ex replied Nov 5, 2013
Not sure what people you have communicated with, but shorting has been more profitable this year than buying. And yes even after accounting for swap. In April (7 months ago), price was at 1.0500. It reached a low around 0.8900 in August. Even if ...
AUD/USD
- 2+2=4ex replied Nov 4, 2013
Australian dollar is -8.7% versus the US dollar year-to-date. Not sure buying dips is a good idea since it is counter trend.
AUD/USD
- 2+2=4ex replied Nov 1, 2013
I doubt anyone here can trade without a stop loss and not have a losing year (including unrealized trades). Eventually they will have a losing year. Worst (and saddest) of all, that one big loss will wipe out all previous gains.
Trading Without a StopLoss
- 2+2=4ex replied Nov 1, 2013
When you break it down, trading is mostly an exercise in patience. Of course you need to have a method you believe has an edge, but assuming you do, then it all comes down to entering/exiting trades like a machine and patience. As for risk:reward, ...
Popular Trading Tips: Truths or Myths