Some long dead Chinese guy once said, "When the student is ready, the teacher will appear." Those dead Chinese guys are (were) quite astute. My mentor appeared when I least expected it, nor was I looking for him. Yet, I recognized the opportunity ...

I need a mentor!

Where's the milk?

Forex Dairy

Well, here's what you can do if you have the time. Go to the source site for the Cots. Download at least 10 years of Cot data. Import it into Excel (it comes in csv format). Get the same amount of weekly price data from your favorite broker. Import ...

Cot Report

Any of you guys ever seen a presentation by a good salesman selling a mutual fund? They present you with cherry-picked examples of how well a buy & hold strategy works. What they say is true if you bought at a precise time. However, there are plenty ...

Interesting carry trade system

Hi Lerner, Most of those lists are specific to how I trade. I'll give you an idea what's on each one. Daily Check List - these are things I look at everyday before trading. They consist of the news announcements for the day; the two things I look at ...

Trade Organization

I use a flowchart for my Exit Ritual. It's simple, yet effective. It sits next to my keyboard when I'm in a trade. When I find myself wanting to close a trade, I use it. Bear in mind my trades have technical targets...I'm not a trend follower, which ...

Trade Organization

It doesn't matter how carefully or precisely you plan trades that add to losses and employs a martingale strategy. It's an amazingly slippery slope in which winners reinforce a dangerous approach. It only takes one trade getting away from you, for ...

Possible Trading Strategy?

Good point by WTB. There are two types of anxiety (stress). One is facilitative, the other is debilitative. The examples pointed out by WTB are the former. It's a natural function of the body that provides heightened physical traits, such as ...

Lessons by Joe Ross

The usury prohibition in Islam is slowly being eroded here in the Gulf. I understand why they don't want to pay it, but bear in mind they don't want to charge it either. Unfortunately for them, the banking industry has boomed in the Gulf the last ...

Interest Free Brokers

The cots work best when extremes are made. Trying to use it everyday or week is kind of futile. I got tons of back data and tested the heck out of it. Open Interest is definitely the key.

Commitments of Traders

I believe people are annoyed with TB because of the way he delivers his messages, not the content. It's a fact of life that people's feelings are hurt easily and once they are, they aren't particularly receptive to the content, no matter how ...

Dagny Taggart ~ 1 2 3

Scaling out works fine on longer-term trades. On shorter-term trades, scaling in and out doesn't work so well. So, one has to define their trading time frame first, then run the numbers and see how it works.

Scaling out of losing trades...

There's something going on that you can't address by yourself. With all due respect for those who have answered you so far, no one here is going to help you overcome your reluctance to trade. I seriously doubt trading in micro-lots is the answer ...

Please help. I need someone to kick me in the ass.

Ah, the essence of the broker debate. I've been using Oanda for years and I've never been screwed by them. I did get caught a couple of times in the spread widening, but that was my fault and I won't let it happen anymore (assuming they don't do the ...

Oanda just lower their spreads!!

"I'm only half as smart as I like to think I am." Me

"Awareness" Quotes and Snippets

When Soultrader posted this at MoneyTec, I mentioned that it was basic NLP. He got a bit pissy about that, as he was wont to do about many things. Being a moderator, he removed the brief discussion we had about it. I think he wanted to take credit ...

The 5 Steps to becoming a trader

Your premise assumes that the reason traders fail is because their trading systems fail. While that may be true in some cases, the vast majority of people fail in trading, as well as in other things in life, because they don't do the correct thing ...

90% of traders fail? - just a thought.

For some people maybe. For others they do just fine going against the herd. Guys like Tudor Jones are pure contrarians and they do just fine for themselves. As one very wise man told me, the more proof you require, the more it costs you.

Trading the Trend

I think the English higher education system has changed a bit over the years. In the US, you can go to college at any age. Are you able to do that in the UK? Or do you have a small window of opportunity for tertiary education? If the former is ...

Advice & Opinions appreciated