I wish y'all would quit calling this, "Mouteki", considering that he took this straight from the pages of Demark's book from 1994... Sorry, on my soapbox. It's annoying to me and I'm not even Tom Demark. Demark talks about using different ...

Learning From Unsuccessful Mouteki Trades - The Search for Filters...

LOL. I'll risk... hmm, 30-50% of my capital that you're one of the 95% right now. Like most of the 95%, you fail to understand why we told you to get out. You're like a darn poker player. See See, hahahaha, I won a hand by playing 73o... All the ...

Talk about a way to start a day off

That's cute. Phil is a little bit more consistent than you. I'd suggest that you show respect. The point is that you shouldn't let trades like that run. You should have closed it out. You're going to get 0wned at some point, and then you're going to ...

Talk about a way to start a day off

Let me illustrate to you what a margin call at least feels like: http://www.forexfactory.com/forexforum/showpost.php?p=120746&postcount=1

Understanding the Margin Call

Yes, breaking even is a win. And that's the problem with new traders -- they are so concerned about how much they are going to make... If you are not losing money, you should consider that a win. To take it a step further, if you are breakeven after ...

question for the veteran traders

The problem is that you haven't back/forward tested your system long enough. If you had, you wouldn't have a worry about missing pips or whatever, because you'd know that your system works fine and anything you breakeven on or lose will be ok ...

question for the veteran traders

Dude, get out of the trade. The market doesn't care about you. "Getting back at" the market is an emotional disease. As Phil mentioned, a lot of us have learned that lesson the hard way. I've lost a lot of money because of it, trust me.

Talk about a way to start a day off

I don't care to get into specifics, but it's so simple, it's silly. Trendlines and Point Break (you can use Renko too, but I prefer PB) bar charts. I use no indicators.

The switch from hourly to daily...and the psychological ramifications...

By the way, thanks everyone for the reassurance on the pip count for dailys... that helps me a lot mentally.

The switch from hourly to daily...and the psychological ramifications...

summit: I am a big swing trader myself. I just finally came to the realization that, ya know what, I just can't deal with the stress of intraday (1 hour or less) timeframes. I just had to sit down and admit to myself that I can no longer ...

The switch from hourly to daily...and the psychological ramifications...

Re: stop losses. What will you do when your system goes down and you have to get parts to fix it and the market turns against you? What will you do with another 9/11 hits (and it will sooner or later) and you can't get out because spreads have just ...

Priscan System

You could always give me your money and I'll trade it for you -- less a 20% performance / 2% maintenance fee, of course...

Having a rough time with trades.

Well that's your first problem. Forex is not supposed to be fun. You should be bored out of your skull. Fun is for casinos where the drinks flow like honey and the women are skanky. If you are having problems with waves, how about plotting a daily ...

Having a rough time with trades.

If you don't think that you can risk 3 lots ($30 per pip) and lose five times in a row, then you shouldn't risk it. The most important thing is that you set a goal where you risk what you can mentally handle.

The Best Way To Choose Lot Size

Tom Demark's indicators are second to none. Particularly TD Sequential. The big boys use it religiously.

DeMark Indicators (ADVANCED)

Don't feel bad. It's been very slow. Ya just gotta either switch to lower timeframes, and start scalping, or just wait it out.

Is the market quiet or what?

I would also highly suggest his daytrading options book as well.

DeMark Indicators (ADVANCED)

At the end of the day, don't get so darn wrapped up in, "Oh I could've made X amount of pips." It's all about reducing your risk. In this business, before you put on a trade, you need to keep in mind that pips and $$$ are just perks of the business. ...

Correct Money-Management using Price-Action (huhh??)