It's more that a trader trades badly, reads a book like trading in the zone, relates to it, mistakes it for an epiphany and thinks that that's the answer. Pretty clearly, if your switching your position sizing around, changing your stops and limits ...

What works?

Trolling like trading is best achieved by scaling into position. What you've done there is played your full hand way too early and blown your account. Keep at it sunshine.

What works?

Here's the quick version of what works. There are numerous edges I know of, doubtlessly countless more that I don't. All of them fall into two camps. Those which require experience or those that require knowledge. FF has a fair number of ...

What works?

I thought they did it by bending the space-time continuum but I forgot about the SSMMBC

Stop Hunting by MT4 Brokers?

Frame it on your mantlepiece and gawp at it from time to time. Or better still use it as a learning exercise to create something stronger. I did the same a few years back, using tick volume of all things. Smoothest strongest equity curve you've ever ...

Problem with script - need fixed spreads

Individual stop hunts are the mark of a rank amateur retail rip off. Anyone can compare feeds and see prices were out of range, so it's a one-off play and you'll immediately lose your customer base. They moved onto price throttling a long while ago. ...

Stop Hunting by MT4 Brokers?

Sterling work (yen work?) Zek. UY made all the classic moves... consolidation, fake upswing, stop hunt below before giving it a rock solid move upwards. As first acts go, that was a stormer

Trade of the decade!

It's all part of the game though right? You might feel sick now but imagine if you did it another 10 years without realising. That'd really sting.

Waste time and money decyphering a market on its closing price

I should've said - not a trading plan. A plan to get you from A to B. You need skills and capital to trade full time, you just need to figure out how you're going to get them. +1 to what The Fool wrote above. The small account, tools, software all ...

Trading Career Advice - Working Full-Time and Trading

You sir, need a plan. It all falls down to why you trade - is it a career? An income source? A dabble? Trading full time is something you don't stumble into - you need to be well capitalised or trading OPM. This isn't to pour water on your ambitions ...

Trading Career Advice - Working Full-Time and Trading

Tyoon, check out the BIS surveys, they give a relatively good breakdown of participants. Probably more important is the order of participants though IMO.

Your edge

What has Rhonda Byrne's The Secret got in common with Maxwell Maltz Psychocybernetics? What has Mark Douglas' Trading in the Zone got in common with Ed Seykota's interview in Market Wizards? Both the Byrne and Douglas took the same initial idea - ...

The law of attraction and trading

This is great work. I use it slightly differently - to calculate lines I want drawn in Excel and plot them automatically on the charts and it's perfect. Thanks P4L

Improved OrderHistory mq4 script to display trade history on charts

Who said can't? You did, for the second time. Someone's trying to tell you something. Putting aside the fact you want to do no work, you don't understand expectancy, you want a 10-fold increase in your account. You're now upset that someone doesn't ...

Best High Risk trading in Forex?

Didn't say that you did. Maybe. But it's pretty common You're not! You're walking head first into a trap, full of thousands of people who will strip you of your roll in an instant. Just like Vegas minus the barmaids and booze.

Best High Risk trading in Forex?

Prophetic. Some may say you actually want to lose.

Best High Risk trading in Forex?

cheers

Following the big money

Hi srmfx, could you give me a sample price of say a 1.33 one touch on EU out of interest? I'd heard they were expensive but wouldn't mind taking a look.

Following the big money

The actual strategy isn't so much hedging as based on the concepts of dh, which is different. I'm sure it could work in FX, but you need to tweak it to take in account the different nature of the beast. Z scores are fine, but maybe just scrap the ...

Maximum Profit Strategy and Directional Efficiency by Valerii Salov

Good find, better than the usual claptrap. This is basically a non-directional reactive strategy. Simplest way of thinking of MPS as its described is: - Imagine price is at 100. - Long at 105. Target 120 - Stop and reverse short at 95. Target 80 ...

Maximum Profit Strategy and Directional Efficiency by Valerii Salov