Ok let me rephrase. I am big boy with a 500 mio sell order. The price is moving up. The best place to place my order should be right before a resistance point. That is when the liquidity is at it's highest. My action of selling into these buy orders ...

Why it is possible to predict price movement?

I'm kinda interested in this comment. What are you saying katroo? If support and resistance levels don't provide the most liquidity, where are you going to find a place on the charts with more? The most liquid orders will be found when everybody is ...

Why it is possible to predict price movement?

The science behind it is not very scientific unfortunately. Whatever people "predict" is nothing more than anticipating what the mass majority will do (or what the people with a lot of money will do - the likes of banks, george soros or ecb). For ...

Why it is possible to predict price movement?

lol I agree certain parts of that post has been taken a tad too far. But his general concept of a trade logic is sound - basically saying that trade logic is derived from experience or tested over time. And that is the crux of this discussion. Trade ...

Do Software Developers Make Better Traders?

Developers do not make better traders. At least not by themselves. Trade logic is still needed as you said. The bot that is programmed is only as good as the strategy they base it on. If that strategy is flawed to begin with, no amount of coding ...

Do Software Developers Make Better Traders?

Why? Because you have a theory that will give you an edge. You test that edge and it seems to work. That is why it works. But knowing why it works doesn't mean you can make money out of it. It is mentinoed by some other posters on page 1. You cannot ...

Why it is possible to predict price movement?

i'm never one to believe conspiracy theories. but if it really bothers you. go to one of the brokers i mentioned above... you can't have everything and eat it all. unless you're a broker

A perfect broker

THERE ARE brokers like these. They are just too complex for the average trader and probably too expensive. Check out some of these: dukascopy think or swim interactive brokers. Notice that all of these brokers charge commissions and have fairly high ...

A perfect broker

lol we should ask twee to put a "like" jsut like facebook. otherwise i can't like your post lol

How many of us are already making profit consistently?

singapore or malaysia are capital tax gain free. singapore has very low tax on everything and is relatively double taxation free with most countries too. The only drawback i guess is the slightly high cost of living and the fact that it is located ...

Which countries are tax free for forex trading?

Leverage has almost no effect on a trader with stops if that is what you want to know. In fact, leverage only affects traders with no stops.

No SL No Leverage Strategy - working so far

I realize now what I'm getting worked up about. Slim does a very poor job (at least in my eyes) at explaining zero sum. The examples he uses are rather dodgy and does not explain it simply enough. I however accept this explanation of yours. And I ...

Zero Sum Game - Debt

If you bring in external factors like macroeconomics and whatnot, nothing in this world is zero sum. Just like my coin toss example, you can expand it endlessly to define trading as non zero sum. In fact you can say that anything you do will never ...

Zero Sum Game - Debt

slim... You are bringing in a lot of complex ideas into a simple discussion to bulldoze your way into getting people to accept your claims. If you entered into a coin toss bet with a friend, one of you has to take heads and another has to take ...

Zero Sum Game - Debt

But judgign from this statement, am I right to say you have a mental stop. A point at which you know you will exit a losing position should it reach that point. I'm still not a fan of mental stops probably because the different style of trading does ...

No SL No Leverage Strategy - working so far

I would like to point out a logical flaw to this thread. I'm not saying that it is bad. Or going out to demeanor the OP. But....... 1)Old people tend to not go online to discuss things. They are in general less tech savvy. 2)They don't communicate ...

How old are you, trader?

Bob, With all due respect. You are not getting the concept of hedging correctly. At least based on the examples you are providing in this thread. Hedging over multiple instruments are generally the norm because of the fact that there could be ...

No SL No Leverage Strategy - working so far

Bob... this explanation of yours makes horrible sense. I'm not sure if you are doing this on purpose or what... In stocks, people hedge using things like options. There is a benefit to hedge in that situation. There are things called interest or ...

No SL No Leverage Strategy - working so far

We need to have this discussion 10 years down the road. Or whoever reaches 1 million first from a starting capital of lets say... 50k. First one to reach 1mil from a starting account of 50k gets bragging rights to say his method works best!

No SL No Leverage Strategy - working so far