I agree with Kharvell. There is a sense of entitlement that is found among trading boards. No one has any obligation to share what they know and do, regardless of any of the very weak arguments put forth. Those who are able to consistently make ...

Why "x" a secret?

I started my first account with $5k. I proceeded to lose 26% within two months. That was the biggest loss I've taken in 5 years of trading. Once I got it up to $7.5k, I added $2.5k. Then I ran it up to $15K, but it took quite some time. Once I hit ...

for those who trade full time...

Yes, get off the intraday frames.

Cable - Are the good old days over

First off, it’s not instinct you’re using, it is intuition. It’s not a semantical issue here, but a true understanding of what you’re doing. Instinct is an innate response to external stimuli. Animals have multiple instincts honed throughout the ...

trading on instinct?

Brilliantly said. Two of the essential elements that people need to know. Well done.

How important is a knowledge of maths?

It's called "right-hand side" trading versus the "left-hand side" trading that many on forums like to crow about. You most definitely are on the right track with your observation. When you put on a trade you never can know if you will win or lose. ...

Tell me if I'm on the right track here . . .

Palmer, The lows of Feb, 06 and Nov, 05 have absolutely no bearing whatsoever at this point. Why? Because the price is no where near any fib from those lows. Now, draw a fib from the low of 1.9258. Price has hit the 50 ret and is now up to the 38. ...

Where would 'your' low be for the Fibo?

Nage, How did you get the fib lines within the pitchfork on MT? My Esignal does that, but I like to use MT as well and I have no idea how it's done. I'd appreciate it if you let me know.

Channels - Trendlines - Fiboancci - All Time Frames

The problem with drawdowns is that they are individually specific and you will never know what your maximum pain threshold is until you hit it. If you suspect 20% is too much, I'd be willing to bet that you'll be writhing in pain at 16%. A big part ...

What would you call an acceptable DD?

This is not a very good idea. It sets you up for chasing, averaging down, not closing losers, closing good trades early, etc. All the bad things you could do trading will come out when you HAVE to make a target. Take what you can get and leave it at ...

New here, Some Questions...

Micardo, I have a very good friend who became interested in trading a few years ago. He put a fair amount of time into learning, just like everyone else here. He read lots of books, blew out numerous demo accounts, and then eventually went live. ...

EUR or GBP Which is the most profitable pair for a Novice

Your analogy is extremely weak and poorly thought out. The fact is that Montana, and every other professional athlete, did play in games. The practice was a supplement to the games which they were engaged in since childhood. In essence, they've been ...

A challenge to those who say Demos suck.

Think of it this way. You've been looking at an Ipod at your local store. The price is $299. You decide to wait a bit to see if the price comes down. Two weeks later you decide you have to have it. The price is now $320. You can't argue that you ...

Is this a common broker procedure??? (news slippage)

If you get a reversal bar, then play it as such.

Trading Naked - Reading Candlesticks and other Price Analysis

Rofl...but very true.

How many lots makes a difference?

Peter, Keep up the positive work and attitude...it's more than half the battle. Too many people on forums don't take constructive criticism the right way, mainly because they're more concerned about their feelings than the truth (a main deficiency ...

Mathematician's help needed...

One would have to be a complete moron to send money to these guys. Unfortunately, or fortunately depending on one's perspective, the world is full of morons. These scams are called 419's for the Nigerian penal code designation for the crime. It is ...

US trader ordered to pay back $35m

Well, what did you learn today? You should always try to learn something from losing trades. I suggest you keep a log of news events. Keep track of the known elements, forecast, actual, revisions of prior numbers, long-term and short-term trend of ...

Have I got this the wrong way?

You are assuming there is a linear and logical cause and effect between economic indicators and price. It's an assumption that is wrong.

Have I got this the wrong way?

The reason the price pushed down like that was because there was a lot of buying going on. The big players don't want to move the markets against themselves as they enter, as many will scale in due to large size and liquidity restraints. As the ...

Have I got this the wrong way?