The ones who take it seriously and trade like it's a business.

My simple journal... Read at your own risk.

And if it doesn't then it goes up. This is the problem with acting on a formation before it is complete. I wouldn't even call this trade shorting a head and shoulders because in order for it to be a head and shoulders it has to break the neck line.

EURUSD

No offense but this is a terrible outlook for opening an account. You should think to yourself that it is a possiblilty if you don't follow your rules but it can be avoided if you stick to your plan. Simple as that.

My simple journal... Read at your own risk.

Scott, It's the new ebook from Kathy Lien and Boris Schlossberg. http://www.bktraderfx.com/ The book is at the following link... ...

High Probability Trading Setups for the Currency Market

haha, I couldn't stop laughing when I read that. It made me think of Napolean Dynamite. Gosh.

The Scalper Setup

Who's John?

The Scalper Setup

They would all signal reversals so it wouldn't matter which you followed.

GBPUSD

Are you referring to the system where you place horizontal lines on the chart and trade with the candle color at the break of the line? There was a member named "TheRumpledOne" who used the same method. It seems like a logical system, I've been ...

GBPUSD

I just read your instructions and it is similar to something that I have been using as well. What pairs does each system trade? Is it only the EUR/USD?

daily range Strategy

This is actually referred to as the search for the holy grail, which is why many traders give up and/or fail. But if it works for you and keeps you open minded about trading then who cares what others think. Here in Texas (probably other places as ...

5/13/62 Ema

First off, congratulations on trading a live account! It's a big step. You can never trade too little in my opinion. You made a trade and it was in profit so it sounds like you had a good week. Just make sure you follow your rules, if your rules ...

How many trades in a week

I agree with all the views in the thread however what I am trying to point out is that people work differently and what works for one person might not work for another. I used demos but it never hit me like it did when I started trading real money. ...

How many years to become profitable?

I was never disciplined with a demo, it wasn't until I had my own money on the line that I understood what I needed to do. But as I also said, I'm different than most, which is a good thing in my opinon. It's similar to the pay yourself first way of ...

How many years to become profitable?

I'm more of a go big or go home style trader. Once I understood how the market "basically" operated I opened an account with a small sum to get the feel for everything. When I used a demo I just blindly made trades with no regards to anything else, ...

How many years to become profitable?

If your trading a demo with a proven strategy then what is preparing you for the psychological aspect of trading with your own 'real' money? It seems to me that trading on a demo account lacks the mental preparation for trading, which in my opinion ...

How many years to become profitable?

Great story, too bad it took a person getting hit by a 737 to get the point across.

GBPUSD

Thats what I had been doing, it does 20 and 50 but if I input 25 it sets it at 20 for some reason. Not sure why

Need simple indicator

Just a quick update. For some reason the indicator will not space the lines at 25 pips. Does anyone know how to fix this?

Need simple indicator

Thanks for the quick reply! No more manually inserting these lines anymore.

Need simple indicator