A good day for simple trend following. Love what I see. image

Cable Update (GBPUSD)

I feel we're about to have a downwards breakout. I'll be short if this is broken with a fairly tight stop. image

Cable Update (GBPUSD)

FXCM is legit. They won't do any games with your money. url They trade ECN. They don't call it that, but they're on an ECN. They are listed there as PropFX. PropFX is the name of FXCM a few years ago.

what will happen if my account has $1M?

Australia open is tearing this beast apart sideways. Good luck all, not trading until New York open.

EURUSD

I blew 3 accounts before being consistent. I started trading as a teenager so my first few accounts blown were a few hundred dollars large, but it was decimating at the time. I started winning when I decided that I wasn't trading for ego, I was ...

How many real accounts have you blown before consistently making money in FX?

Traders share their knowledge for two reasons: 1. It gives a self-esteem boost and makes them feel like they helped someone. If I can protect someone from losing money which their family desperately needs in this economic climate, I will feel like I ...

Discussion on "Zero-sum Game" Article

Okay, I am a trader and here's how I did it. 1. Read a book. 2. Traded the system in the book. 3. Long story short after two years of trying to find the perfect indicators and settings I returned back to the system and profitability. So, here's my ...

Mentor tip: scam ?

When I swing trade, I typically only allow a 5% drawdown.

Swing trading drawdown

Market talk: I don't like what the administration threatened to do to banks this week.

Cesarnc's market talk, gossips, rumours & fun

If you let emotion influence your trading in the slightest, then you are compromised and should take a breather for a few minutes before resuming...doing this has saved me thousands across the years.

Trade what you see NOT what you expect

Sounds interesting... One observation: stochatics and RSI perform the same function...they are both oscillators for overbought oversold. Maybe just a single moving average and a single stochastic?

simple moving average experiment

Yeah, definitely stay away from fierce salesmen and all of that business. Practice is all that you need.

Mentor tip: scam ?

Stay away from paying for anything except maybe a single book. All you need to do is fire up an excel document and practice for a few hours a day...remember, growth comes at the point of resistance. If you're running from learning, you're doing the ...

Where can I find mentoring???

Hmm?

RSI Multi-timeframe information indicator

You've got a lot on your screen. An idea - take all that stuff off and draw 2 lines. If it's bouncing between them, price is consolidating. If it breaks out, it's trending until it starts bouncing again.

GBP/JPY Consolidating?

I use 2 monitors. 1 is all you really need.

Trading Station with Multiple-Monitors

I have tried coding a strongly losing method before, but it is remarkably difficult. Think it through, if you could have a system which loses 90% of the time, you could just, as you say, fade the signals and have a winner. The problem is, most (non ...

Turning a negative into a Positive...

Axiom: A trend once in motion tends to stay in motion. Trend lines are typically broken on the fourth touch. Above all, honor the market and risk. Control risk and then you may have a chance. Practice, practice, practice.

Trading theories

Now this is just silly. I respect the president because he is in authority over the nation, but I do not agree with his policies.

No proprietary trading for banks

A long trend is typically caused by simple economic laws of supply and demand coupled with fundamental economic factors. The shorter trends are caused by supply and demand which is normally driven by short-term speculation and emotion as well as ...

Trends: Is this true?