I'm currently experimenting with 3 different entry methods: 1) Pullbacks in trends (method discussed here: http://www.forexfactory.com/showpost.php?p=1502665&postcount=102); 2) Fading OB/OS extremes - which is basically picking tops and bottoms; 3) ...

There's only two ways to trade.

Alternative upgrade to v1.10 — OK, for anybody who wants to upgrade to v1.10, but also keep their existing Events History data, I've written a file conversion EXE, and attached it to this post. If you've already taken the steps in post #138, ...

FFcal - Plot News indicator

Hilmy, I measure expectancy using profit factor, i.e. (# wins / # losses) x (avg net win size / avg net loss size) so breakevens have no impact (hence I ignore them). As an example: +10,+8,+6,0,-3,-5 Possibility #1: If we ignore the breakeven trade ...

How to account BE trades

The trend is my dearest friend — IMHO the trend is definitely our surest friend, the longer/stronger the better, and we trade against a strong trend at our risk. The "impulse" moves (in the direction of the trend) are necessarily longer, ...

Is The Trend Really Your Friend?

Vensik, I suspect that FXloot’s comment was more likely directed at me. I still stand by my original review. I’m not saying that people shouldn’t give Freedom Rocks a try; I was just trying to point out some of the potential risks involved. IMO FR’s ...

information on hedging for newbies

Version 1.10 of FFcal.EXE is here...... — Version 1.10 makes the enhancement originally requested by Spindrift in post #134. The “Revised From” value is now extracted from the FF calendar, added to the Events History database, and output to ...

FFcal - Plot News indicator

Thanks, MegaDave — MegaDave, you also make some great points. A couple more points about Freedom Rocks..... Firstly, if anybody wants to view their product and business videos: url For some independent reviews: url url There are ...

information on hedging for newbies

My unconventional take on trading psychology — There have been some great posts already in this thread. I don't disagree; psychology in trading is a very personal issue; each individual has to find the optimum way of dealing with his or her ...

Lack of emotions?

Clockwork, nice post. You've described very clearly many of the problems that I too (and no doubt every trader) faces. I am learning more and more to follow the trends on the charts, as opposed to listen to the opinions and commentaries of other ...

Exits: Our worst enemy

Coincidentally, a couple of months back, a friend loaned me a couple of videos, one by Schwager, one by Tharp. I'm not promoting these, but just in case anybody wonders what I'm talking about, here they are: url url Just like the reviewers at ...

Exits: Our worst enemy

No. Events for all currency pairs get output to both the XML/CSV and also News.CSV All this parameter does is alter the 5th entry output that's output to each line of News.CSV If unchecked, the 5th entry is output as "ALL" If checked, the 5th entry ...

FFcal - Plot News indicator

Superdezign, Not sure why you thought I was suggesting that you were advocating random entries. I started out replying to luqmanz, then I’m afraid I digressed somewhat, responding to no post in particular. I agree with virtually everything that you ...

Exits: Our worst enemy

Hi Spindrift Thanks for the feedback. Given that there’s been no other response – for or against – in the 6 days since I posted the question, and there would be a significant amount of development work involved, perhaps I should abandon the idea. It ...

FFcal - Plot News indicator

Perils of scalping — Four (more) reasons why scalping is very hard: 1. The shorter the timeframe, the more random the price movement. Dr Forex really labors this point in his book Bird Watching in Lion Country. 2. Costs are relatively higher. ...

Exits: Our worst enemy

I realize that to some I'm being pedantic, but consider this........ — Good point..... it’s true that with a trend-following system, we can attain overall profit with a win rate < 50%, if our avg net win size exceeds our avg net loss size, by ...

Exits: Our worst enemy

Superdezign, I would be interested to see the results of the experiment. The only coin tossing experiment I've read about related to the timing of the entry, rather than the direction. Truly random entry would have us trading against the trend 50% ...

Exits: Our worst enemy

I'm definitely with Merlin on this one, although I concede that there are many possible ways of looking at the relative value of entries and exits. IMHO exits are psychologically more difficult, because the decision must be made when there is real ...

Exits: Our worst enemy

Hi Stevegee Have you tested this, and if so, over what time frames? Sorry to be so negative, but it sounds too good to be true. If trading was this easy, we'd all be millionaires. If it's possible to trade profitably on the basis of a coin toss ...

Stupid System