Hmm. But did you also realize it moves 5 times the value? Two pips of EUR is ten+ of DKK. It is a much better deal, yes? Not only that, but the extra movement helps smooth out your indicators for better signals. So obviously, with the two so closely ...

OANDA Discussion

[quote=Geriliel;12732949]Hi dkrock, do you make an EA based on mechanical system? do you use an EA? I do not use an EA. There was a period when I tried using them, but I found them to be useless because the market has too much whipsaw. If you trade ...

LFX Trading Proverbs

I have only seen Wolf of Wall Street once, so I forgot about this scene. I saw this as a response on another thread to some member wanting other members to prove they make money and thought it was an hilarious answer to the thread. So, when the ...

LFX Trading Proverbs

If you use a normal trading chart, the distribution of price is defined by time. You can average the distribution through time to predict direction. When you do this across multiple time frames, then you will have multiple distribution averages. By ...

LFX Trading Proverbs

First, you have to understand I am a range trader. I experimented with Renko a long time ago and found it very hard to determine changes in direction. In my opinion, momentum shows changes much better. By removing time from the sample size, it was ...

LFX Trading Proverbs

Family and Friends, I hope you had a successful year and will continue it for 2020!! It's that time again to make your tax declaration for next year. Good Luck in 2020!!

Personal Trading Discussions

If there was no spread, you might consider using a trend line indicator. You could trade every change in direction without the need to consider the strength of the move. Your trading sequence would probably be similar to an Elliot wave design.

which strategy would work if there were no spread and why?

Hello. Is it okay to assume you have not traded both? Or perhaps it was just a difference for me because my processes are completely different. Either way, yes, Forex is much faster, cheaper, and less research. Faster. Forex cycles profitably ...

Options vs Forex

About 7 years ago, I had a strong system that traded low time frames. It worked so well, that I only lost about 1 out of every 20 trades. However, that one losing trade often was larger than it should have been because I was so addicted to winning ...

LFX Trading Proverbs

Proverb #14. This one is a quote, but so important for setting goals. If you think you can or think you cannot, you are correct. "No more effort is required to aim high in life, to demand abundance and prosperity, than is required to accept misery ...

LFX Trading Proverbs

If your life was a book, and you were the author of the book, how would you want your story to go? video

LFX Trading Proverbs

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Personal Trading Discussions

Proverb #13. Since 75-95% of traders lose their trades, and it only theoretically takes one person's mistake to screw up your trade, you should not expect to win every trade. Have a plan for losing trades and use it.

LFX Trading Proverbs

I have been trading lower time frames for 12 years. I have evolved my method since I first started, but I came to Forex through the stock market and saw how overnight gaps affected my trades and decided since the volatility was in Forex, there was ...

Do you make a living trading small timeframes?

A trend is a range on a higher time frame.

There are no trends or ranging markets

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Quotes and Videos for Traders

Since you can see the code, then add every associated pair your broker allows you to trade. I have 38 pairs coded in my meter, but I only display the currencies I actually trade. Some pairs are used for measuring even though they are united with ...

Correct way to calculate Currency Strength (CS)

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Quotes and Videos for Traders

LOL, that doesn't even make sense, LOL. Really funny When I switched to Forex trading and realized my stock option strategy was not going to work, I spent 10-12 hours a day, 7 days a week, for 6 years (about 20,000 hours) developing a ...

Trading stories - my first 100K!

You have a lot of experience with all your trades, but are you keeping statistics on them or just trying to remember everything? I mean, when you win, why? When you lose, why? Write it down for awhile and look for trading patterns you can correct. ...

Trading stories - my first 100K!