I don't believe technical analysis is pointless in a whole but i think it needs to be used with other mediums such as fundamental analyis too. I was speaking to a bank trader the other day and he said he doesn't even use technical analysis or ...

We were fools to believe candlesticks can predict

The whole thing about risking only 2 percent of your account is silly. Who only risks $2 per $100 account? come on? really? hah! At the end of the day like OP said if you have a proper system which is proven to be profitable it really doesn't matter ...

Popular Trading Tips: Truths or Myths

It was the get rich bullshh which got me into forex in the first place, so in a way i'm thankful for the insights. As you trade though you realise that it isn't as glamourous as people make out. It's exciting but it's a risky medium.

After years in trading, do you still believe in get-rich-fast BS?

I believe EAs can work but it's usually the complicated systems that take months to code which will work long term. The reason for this is that most EAs you see on the web are very simple, and if they that profitable, why would someone post them? ...

Expert Advisor Discussion - Does it work

If you download Mt4 or Mt5 from the official metatrader website, doesn't it use their feeds? non-broker dependant. That's what i always thought.

Non-Broker Dependent LIVE Real Time Data Source for MT4?

Thanks so much man, works like a treat. Everything as it should be. Thanks again

Kilian's programming corner

Hey mate, would you be able to code a candlestick indicator for me please? if it's too much effort fair enough but i thought i'd ask just in case you fancied having a crack at it. It relies on a false break of an inside bar, it's called the fakey ...

Kilian's programming corner

Spotted a nice little false break of the inside bars earlier today. Definitely looks bullish at the moment. Few more bull candles and i'll be a happy chappy. image

EUR/CHF

Yeh but you're not trading coin flips are we. It i was to blindly trade trendlines with no other technical analysis i' dbe sure to get around 30%-40% wins. If you use other stuff like divergence and what not, it helps minimise the losses and ...

Technical Analysis Fallacy

Very interesting. I just plotted this level on my fibs and i can see price does react very well on this area. Thanks for the headsup.

In your experience, which Fibonacci numbers have proved better?

Technical analysis is a great way of trading the markets, especially on the later time frames. You have to remember though that the majority of traders who believe technical analysis fails in the long term, is that they just lack money management. ...

Technical Analysis Fallacy

The best way i have found in testing support and resistance levels is by using divergence. Divergence is a great tool for judging the strength of a potential reversal.

Are support and resistance levels predetermined?

The problem i have is, i don't know where to put my stop loss

What's your advice for Risk/Reward on this trading strategy?