Hi Privacy, Good post! And hence the necessity to keep track of all trades and analyze regularly (treat this like a business!!) Tracking performance of your system, pairs, time of day, etc can go a looooong way to weeding out the losers!! Just my ...

80/20 Rule!

Here is an excellent excel file for determining position size. It uses the DDE feed from your broker software (if you have one). Metatrader DOES so it works fine!! I have included the original which works for normally named pairs (EURUSD) as well as ...

Risk Management

Yes I am trying to pull back on my shorter-term trades as well. It is akin to shooting down the autobahn & hitting a brick wall in my opinion Something to think of: I have read that less than 1% of intraday traders succeed and are profitable. ...

80/20 Rule!

A bunch of us are finding that the Skype trading group we take part in helps us to 'curb the urge'. While waiting for setups or in between trades, we chat about the markets, systems, women.. whatever comes to mind! There is a lot of joking that goes ...

How do you curb your urge?

Hi Cmartin, I will answer this one (hope you don't mind Jacko). Yes you are correct about the trailing stop issue. This is one of the reasons why you MUST have a hard stop in place. Your initial entry should have a hard stop of 50 pips. With MT4 you ...

Jacko's Forex House of Pleasure and Pain

As with anything you will have to look into it and draw your own conclusions. Take any EA out there and backtest them - you will find that many of them turn you into a millionaire within a year or two with only $2000 initial deposit. Put that same ...

Backtesting programs

Hello! I am confused - what is the difference between Metatrader Mobile SE & the Metatrader Mobile 4 that has been available for a while?? Thanks, D. Update: Never Mind!! Pocket PC vs. Microsoft Windows Mobile OS.

Beta Release of the MetaTrader 4 Mobile SE

Good luck! May the pips be with you!!! D.

10% a month Will be my aim

Hi all, WoW: Yes I have heard the 70/30 theory as well (mainly used in sales). The 80/20 is still widely used but I think can be adapted to fit a lot of different fields. I worked as a sales rep for a debt refinancing company. The 80/20 applied more ...

80/20 Rule!

lol.. wrong side of the bed today Bemac?? I think any type of analysis is what you make of it! I read somewhere (don't remember where) that most pros use a mixture of technical analysis and fundamentals. Even TA can stand aside at times if the ...

Indicators: Good AND Bad

WHTenn, NP at all WHTenn. It is very easy to get caught up in the hype (as Accrete attests to) and much harder to find out what is truly necessary to succeed at this. Personally, I am getting there slowly (I believe), and there is always room for ...

80/20 Rule!

I did up a (relatively) quick chart showing how I am using this system! Note that you do not need the divergence or ADX indicators. I am using them mainly to strengthen my position when they confirm the same entry as bollinger and stoch. Entry: 1. ...

BB on Steroids

Hi Kharvell, It's great to hear that it can be of use! Both yourself & many other traders have helped me out immeasurably. While I have looked at & tested many systems & moved on, the knowledge gained in relation to indicators & the market has been ...

BB on Steroids

Hi Howard, I will work on this a bit this weekend (for past trades) & thru the week if I see something that is starting to consolidate will throw that up as well!! & the number is 1440 (daily) x 7 = 10080 Hope this helps! Derek

BB on Steroids

Lmao nice one Hib!!!

How many of Technical Analysis based systems are junk?

Hello Kevin, I am a relative late-comer to your BB system as I first picked it up about 2 months ago. I found something that may be of interest to you & the followers of this system - I did not post this earlier out of respect for your decision to ...

BB on Steroids

Nice - thanks for the input Khmr! There is a major lack of info on this model due to it being new. Hoping to have it in a week or two And as for expert advisors - while there are some useful ones, the ones that trade for you are mostly crap! I ...

Trading on PDA - Windows Mobile or Palm OS

Well thanks for all the replies guys. I am still uncertain as to whether the best Metatrader platform is Palm or Windows Mobile - I have decided on Windows mobile tho!! I will more than likely be purchasing an HTC P4000 available here in Canada (one ...

Trading on PDA - Windows Mobile or Palm OS