Now thats a valid question. I don't think you're going to get a straightforward answer in this thread so I'll try to answer it for you. If you aren't going to use time for your X axis, then you MUST use some measure of movement for your X ...

Extracted Thread (per thread starter's request)

Good point, pips are pips. If you are using a small basket of low spread pairs I suppose, the tough part would be getting the basket open quick enough after you see a deviation, a negative spike of 5-10 pips while opening the basket would probably ...

System to hedge every major dollar pair for profit / low DD

Your using this on the 1 minute charts?? I don't think this is meant to be a scalping strategy, the spread cost of opening any basket is waaay to high to be used on such a short timeframe, the deviation that your seeing here is just a tiny ...

System to hedge every major dollar pair for profit / low DD

I'm not so sure I agree with this. It is similar to the TA vs FA argument. While it may be helpful to have an understanding of FA, it isn't really necessary. Even you pointed out "TA always beats FA", I agree and why? because FA is already 'priced ...

Why do indicators not work/work? Why is Forex not truly random?

Is this the TP your referring to that you posted? How can you TP at the 'daily bottom' when you dont know what the daily bottom is going to be?

The life of a trading system on Forex Factory

True, but I think a lot of that has to do with the fact that most retail traders are trying to turn tiny accounts into BIG ones, in a relatively short period of time.....and its understandable. What really is the point of investing huge amounts of ...

The life of a trading system on Forex Factory

It looks like this is turning into a trading competition between 60minuteman and Turveyd, and somehow by association a Candlestick/PriceAction vs 'whatever Turveyd is doing'....I guess PA/Candlesticks vs Averaging IN?? Kinda strange. Whatever, right ...

The life of a trading system on Forex Factory

Couldn't this same statement be applied the same way to many different approaches? If you are seriously good at determining: support and resistance levels If you are seriously good at determining: how markets tend to revert to a mean it cant ONLY ...

The life of a trading system on Forex Factory

Frankenstein returns from the dead

Frankenstein Method

I think averaging, or scaling into a trade, is reasonable, within a well defined window. For example, If I think price is likely to change direction as a bounce off of a S/R level or it is showing signs of exhaustion, I will do a little bit of ...

The life of a trading system on Forex Factory

True, but Gann was a little more generous with his findings I believe that math can be used as a tool, to help define an edge. And it comes in many flavors...stochastic processes and fractal geometry for example are very real and are applicable ...

Extracted Thread (per thread starter's request)

Hehe yep, but one of the things I like about this site is that clash of very different personalities. I fall somewhere in between the 'systems' guys and the 'naked chart' guys. Trading, to me, is part art and part science, and is really quite unique ...

The life of a trading system on Forex Factory

Trading logic and Risk:Reward applied to hookers, gotta love that

The life of a trading system on Forex Factory

4xpipcounter, good comprehensive analysis, I like your approach. I don't use Ichimoku but it really doesn't matter, trend analysis and S/R are universal concepts regardless of what 'indicators' you use. I also like your Weekly ...

Predicting or forecasting the market

This is so right on the money. Trading isn't simple, lets just throw that idea right out the window, which is why discretion or 'intuition' is necessary because the complexity an automated system would HAVE to have is beyond the skill, effort, or ...

The life of a trading system on Forex Factory

I've made a couple attempts at this, but the results weren't very good. Right now I'm just trying to get my manual trading down to be as methodical and structured as possible. Tightening the framework so to speak. Still, no matter how much I try to ...

The life of a trading system on Forex Factory

Lol, I like this guys honesty. I think in general, the kind of people that are attracted to trading are 1. People that don't want to work a 9-5 job. 2. They like the idea of easy money. 3. Will take shortcuts whenever possible. While a lazy nature ...

When to break the 2% rule?

I'm not an Elliot Wave practitioner, but I always like your analysis and I follow this thread, keep up the good work!

Perfect Wave - 2012-1/2

Yeah, thats exactly right, but at the same time, I'm trying to minimize this aspect as much as possible. I like to think of it as a continuous process of breaking down the discretionary components, and quantifying them.

The life of a trading system on Forex Factory

Sure, how about 70% mechanical, 30% discretionary...that would be primarily mechanical, wouldnt it? To try to find the best balance between rigidity(clearly defined criteria for entering and exiting trades), and flexibility(discretionary decisions).

The life of a trading system on Forex Factory