I would put my four years worth of data against any computer and would probably win because a computer cannot understand the difference between a good crossover and a bad crossover....it can only confirm that a crossover has taken place.

Why exactly do EMA crossover systems not work?

I doubt any backtest results from a computer could outsmart me. I would have to see it to believe it. I dunno. How can you backtest an effective MA crossover system? What does it look like and what does it look for............make me a ...

Why exactly do EMA crossover systems not work?

Enough of this lagging indicator business......MAs work extremely well. It took me four years to figure out how to exploit them fully. They work fabulously in certain scenarios and in other scenarios they will kill your account. As I said, it took ...

Why exactly do EMA crossover systems not work?

The word "limitation" that you use is interesting. I rely on SMAs quite a bit for my trading. There are certain types of trades that I will not take if I feel like price is approaching a MA that I perceive as being support/resistance. That reality ...

Why exactly do EMA crossover systems not work?

lol.................a classic................another way is to trade with someone else's money!!!!

How do I make millions trading Forex?

You may want to read the fine print....because they probably won't allow you to withdraw that bonus money from your account for a significant amount of time (You can only withdraw up to the amount of your original deposit). They will provide enough ...

Trick with Broker's bonus!

I think I may know who you are talking about . But notice in my post where I said that you should have as a goal to not only be consistently profitable but you should also have a solid risk management system. Over the years, I could tell you where ...

95% losers - Fact or Fiction?

If you have a competent mentor, you can shorten that time considerably. I started trading FX from scratch, and I spent my first 3 years going in the wrong direction, which I had to correct in the past 2 years. A long time ago, I attempted to learn ...

95% losers - Fact or Fiction?

It can take 5 years or more to get good at FX; 95% of most people probably think they can be consistently profitable in 6 months or less (definitely not longer than a year). 95% of most folks cannot accept this reality. Also, a lot of the things ...

95% losers - Fact or Fiction?

There are certain inconsistencies in the market that I find hard to believe that an EA system can detect. It takes thousands of hours of screen time to figure out what those inconsistencies are. The people who build EAs don't know what those ...

My idea how to use EAs

Very well said. The only thing I would like further clarification on is the notion that probability does not matter. When I trade, I trade with the knowledge that not every profit target is going to be met (i.e. trendline support/resistance). There ...

Luck or probability?

Just think.....he would have figured this thing out had he only put in another 30,000 hours of screen time!!!!

Luck or probability?

Yep it sucks when you exit a profitable set up, only to see it move more in your favor after you exit. I just put that experience on the "lessons learned" shelf and try to capitalize on the same set up the next time. I rationalize it by constantly ...

Luck or probability?

Good post. I honestly feel that in time you will see more and more people becoming very successful in the FX game. The retail FX market is a new frontier for so many people. Of course, banking institutions and hedge funds have been trading FX since ...

Let's rank members by their performance in FF's trade explorer!

I like to read books "about" trading.....I don't read books about "how" to trade for the same reasons cited by others. If the author is such a good trader, why is he/she putting out all their secrets in print? That doesn't make sense to me. Books ...

only 3 books!

Hey bobowang, Why would you even begin to "believe" in what people are saying in here? I have never given the slightest thought to trading a system presented in FF. That just aint gonna happen!!! I can read a post, but I have never thought about ...

Let's rank members by their performance in FF's trade explorer!

Mathematical modeling probably works best on options because how else can you come up with a value for a derivative? I'm sure some equation exists that can be used to determine the price of an option based on a number of variables including the ...

Securities prices follow a log-normal distribution - a winning system?

Where are all the Quants?

Securities prices follow a log-normal distribution - a winning system?

I partially agree with on this one. But it helps to be gifted in a lot of cases. I believe Einstein had a slight brain abnormality that allowed him to see things in a dimension that others could not. I can sit and think for a hundred years and I ...

Forex Trading & Secrets!?!

I agree with your statements here. I set up a Yahoo group long ago with two friends of mine in order to share stock picks based on an agreed upon entry criteria. I would basically look thru hundreds of charts and just about every other day, I would ...

Forex Trading & Secrets!?!