The problem for most aspiring traders is time. They have a job and cannot dedicate themselves to fantasy trading. They need real results so they can make real mortgage payments and real car payments. I understand that. I wasn't born rich either. You ...

LFX Trading Proverbs

So what I am saying here? I showed you two different mathematical approaches to reach the same conclusion. Granted they spawned from my head so they are a bit rough to explain, but hopefully they make a little sense. A "line of correlation", if you ...

LFX Trading Proverbs

Ha, yes. I bent physical laws to control chaos If I explain it in physics terms, perhaps it will be easier to understand? Velocity is a derivative of acceleration. Acceleration is the addition of time to velocity. Candles represent time. Once you ...

LFX Trading Proverbs

Here is an example of what my after-party NFP trade looked like. This is EURUSD. I did not trade this currency, but I know many people do. You can see the NFP spike candle on the left side of the screenshot. I do not trade spike news releases, so I ...

LFX Trading Proverbs

Sorry, had to do the NFP after-party trade and could not complete my post. This is my summary of what I was trying to explain. Rather than having to create a method for measuring all the various portions of those complex formulas, the trading world ...

LFX Trading Proverbs

That was an example screenshot for someone wanting to make a stochastic trading system. It is simply a stochastic indicator with the %D set to 1 and a Bollinger band placed on it to replace the %D value. In the screenshot the stochastic %K is 15, %D ...

LFX Trading Proverbs

Since a regression lines is linear, and the market is nonlinear, it is not correct for me to say I am using a regression line. However, in my examples outside of Forex charting, that would be the correct term. I use a mean within the scatterplot to ...

LFX Trading Proverbs

Thank you des b and rcbarlow for your comments. I welcome any trading feedback you have. ******** I hope that as aspiring traders you have studied some kind of mathematics? In particular, I hope you have knowledge of Statistics. If not, it is in ...

LFX Trading Proverbs

I don't want to discredit your idea, but you have to remember an EA is a computer signal. It does not know if it is right or not. It only does what you tell it do every time without any common sense. Depending on your stoch settings, there are a ...

Stochastic Strategy

See the area where I show 67 pips? The stoch is sitting on itself. That pattern would cause an EA to open/close/open/close itself over and over. You would need a confirming indicator that shows you when the stoch is done being lazy

Stochastic Strategy

Volatility is required to make money. If the market is not moving up or down then how do you make any pips? If you track momentum against currency strength, then you can trade with the big boys and make money as they do. A few simple moving averages ...

Don't daytrade the London/NY session?

Well, a person might be out of the market for the news release. Also, this is only one indicator. Perhaps some other indicator would say to exit before a stop loss, or to hold in place. Still, it was just a pending order hunt for a news release. ...

Trading Without a StopLoss

Are you really a 4stargen? Any military experience in leadership at all? I am going to take a giant leap and assume you will understand what I am about to say. Lets say you need to attack a group of enemy soldiers. You decide the weapon of choice is ...

Can't Find the Answers of 2 Really Fundamental Questions

Hey, I posted this screenshot on another thread, but thought it was good for discussion. "IF" you are in the market when news is released, or any bank decides to shift its holding from one currency to another, then the catastrophic stop loss is a ...

Trading Without a StopLoss

I thought I would show you the difference when you use the stoch indicator as an equilibrium definer. For this example, I am still using the 15 period %K and %D is still 8. Now however, I am using it as equilibrium and monitoring its upper and lower ...

Stochastic Strategy

Thanks. I looked at some of his threads and I could have saved him a lot of time if I had known what he was doing All he really needed to do was look at the code and see the alignment of the stoch settings to the corresponding MA. All it is doing ...

Stochastic Strategy

I have to admit that I have no idea what you are really talking about, however, I do know about stochastic indicators. The slope thing and pip distance is really confusing because I do not measure how many pips the market moved before I decided to ...

Stochastic Strategy

Leave the thread DKRock, you've got nothing to prove here. [/quote] Thanks for the advice Phil. I am from a different forum where we work together to make money and don't treat it like a comedy zone act dismissing everyone and throwing insults. But ...

Do scalpers make money in the long run?

Not really sure what the rules are for this game. I have a trade explorer set up, but I don't use meta trader for my live accounts, so I will only be able to show trades per demo. I do not intend to create an mt4 live account either, as I am sure ...

Do scalpers make money in the long run?

Proverb #10. Learn what signals most traders use. Ah. This is the question you really need to be asking. It is not about what YOU do, or what YOU want to do, it is about what is the majority of everyone else doing. Be sure to include that one bank ...

LFX Trading Proverbs