lol! thanks?

Is Trading FX A Noble Profession?

I consider trading to be one of the more honest and honorable professions out there. Traders put their neck and their money on the line every single day, and yes that takes balls and is extremely hard work....the money is earned. They aren't trying ...

Is Trading FX A Noble Profession?

EURUSD probly still your best bet, especially if your targetting 1 pip? You don't want to be paying a spread of 3-5 pips if your target is just a fraction of your transaction cost. You'd have to have an awfully high hit rate just to make up for even ...

What to trade after 18:00 GMT?

Man, I think you really nailed it right there. I would also add that trading around this model is, in my opinion, MUCH more difficult than trading around a typical trend/momentum following model. With the latter, you can rely more heavily on ...

Do you guys find that forex trading sucks?

Of course there is a herd. How do you explain the obvious HIGH correlations between movements in the currency markets and the S&P, the FTSE, the DAX, Gold, Silver, Oil...you get the idea. "The Herd" encompasses ALL markets, not just one.

Do you guys find that forex trading sucks?

This is really a silly argument. Using the term "random entry" with "good money management" doesnt make any sense. If the entry is random, but the exits are not, then the entire thing becomes NON-random. As someone pointed out, you could flip a ...

Is it true that anyone can succeed using any strategy?

I hate to tell you this but I think trading is a luxury you can't afford right now. Yep I consider trading to be a luxury pursuit. It is kinda like golf. People who golf usually have money and plenty of free time. If you are approaching trading as a ...

Does anyone feels the same way? Need Advice....

I think these are great ideas. I've heard some arguments as to why posting real performance is not a good idea, but none of them have been very convincing. Something about having a "leaderboard" mentality promoting high risk behavior, of course this ...

The new Trades beta product

Doesn't this pretty much amount to the same thing? I know of very few people who have enough self awareness and insight to be able to say "Nope, I'm really not cut out for this, I'm just going to stop now while I still can." No, I think that is a ...

How do I move forward?

It looks like a bunch of different indicators just renamed "SEFC". I see PSAR, a moving average crossover ribbon, bollinger bands, a couple of RSI's overlayed on top of each other, what looks like the DT Zigzag Lauer "levels", and the SSL histogram ...

SEFC Universal Indicator

MA Cross with alerts — Here is a pretty good MA cross indicator. It has alerts, email, barclose/current bar options etc... It has a ribbon display between the 2 MA's, which you can turn off just by setting the width of the ribbon to 1 in the ...

MA Cross/Fractal Combo

That is still predicting, maybe not about future price directly, but you are still predicting future market behavior. If the market isn't going to go down to hit your stop, then the only other alternatives are that it will move in the opposite ...

Strategies that don't predict future price

Really good analysis and I think you are spot on. I would be REALLY surprised if it actually moved down into your stop area(the grey area). I think it is going to continue up right off that early low it hit right after the open today(around 4200).

Circular Trendlines

I think it depends on who your taking the money from, and who the money is going to. If you take money out of the hands of the super rich....hedge funds, corporations, private investors who have way too much money etc...entities that tend to hoard ...

How does trading benefit the economy?

Follow The Bouncing Pip with Big Bear This one wasn't quite as huge as some of the others but it really was a gem. The 'system' was comprised of a single zigzag indicator on a 4h chart. Every time a new zig(or zag) appeared, you took a trade in the ...

The Scrap Heap

Ahhhh I remember that one, probably one of the first of the gigantic mega guru/minion threads of its kind. Wasn't it something like "Riding the EUR/USD wave with Uncle Elliot"? What interested me most about that thread was that he actually made live ...

The Scrap Heap