btw, random trading is not such a bad thing.. --------------------------- The extremeness of the outcome in this story seems to support an apparent phenomenon that I’ve observed many times over the years, but for which I have no hard evidence: ...

The 2/1 risk/reward MYTH...

in my experince, there are other factors deciding wheter you make money or not... what do you mean by "STATISTICAL EDGE" maybe you meant somthing like The only way to win at futures trading is for you to be larger (have more positions) when you are ...

The 2/1 risk/reward MYTH...

example usdyen weekly...up daily...up 1h...down 5min...down (1.30 pm) on 5min, you may witness a trend reversal form down to up over the next couple of hours..

What sign should I look for that indicates a reversal???

example only you can open a demo acc and download the whole MT4 on alpari url

MetaTrader 4

beside the classic reversal formations, there are certain specific formations connected to reversals like the 123highlow, 3 pushes up/down*, squeezer*, wedges, spike&ledge* * from the book "street smarts" by conners/raschke

Reversal

for an indication of a trend reversal, you have to adress a certain timeframe first, cause the same market can be on opposing trends on different timeframes

What sign should I look for that indicates a reversal???

heres a primer on the ACD method by mark fisher...it is sort of a real systematical approach...but i have to say, i didnt took the time yet to test it on cable

London Calling . . . Various strategies focusing on London Open

mpr, be aware that you can trade news releases with oanda, but usually the spread goes up quite a bit and there might be some slippage cause oanda does not provide true limit orders, just market orders

Starting with OANDA and bad leverage from them

heres something about a so called "big ben strategy"...which is a opening range breakout thing...i didnt stepped in it, but cable could be a candidate for the ACD method by mark fisher

London Calling . . . Various strategies focusing on London Open

"trading system" and "strategy" are two completely different things

Forex Trading Strategy

i just brought up this, cause my trading is centered around double tops/bottoms for quite some time now...that was before i even noticed this article...but i have to say, that i also take the "2 B test of top/bottom" labeled by trader vic and the ...

Price Action

url this is about Trading Double Tops and Double Bottoms... "No chart pattern is more common in trading than the double bottom or double top. In fact this pattern appears so often that it alone may serve as proof positive that price action is not ...

Price Action

ok, lets go over it... 1. Anything can happen. right... 2. You don’t need to know what is going to happen next in order to make money. since you cant know what is going to happen...everbody had to make money under condition of uncertainty..without ...

Invaluable Mantra for EVERY Trader

have you done some demo trading first before going live ?

Need some help

my guess ?...because its not a system.. a system has 5 elements that needs to be defined: 1. markets 2. setup 3. trade size 4. entry rule 5. exit rule youve been talking about # 2 only...

S/R to get channels

url you can adjust for location

Trading Sessions

imber, seems like you are doing the right thing...to do your nasty impulse trades with a very small trade size is better then to press yourself into "discipline" with some raw power..

Lack of discipline.

imbiber, theres a theory that goes like this: if you are not acting/trading like you should/have planned, dont take it as a negative, but rather focus on what your are acting like, your actual behavior and see it as a "solution" to a hidden ...

Lack of discipline.

vder, maybe your prob is that the way you trade (trailing stop) generates a certain distribution pattern about you winning and losing trades...which seems to not match with your expectations... as far as i can see, the way you trade will generate a ...

Stop Losses and Money Management

url heres a brief video tutorial about the basic TA principles

Need a little advice please