Yes, you can get rich. And no, you can not get rich trading forex. If you go into forex with the mentality that you are going to get rich quickly, you will fail miserably. I learnt it the hard way. I hoped I would be retiring within a year or of ...

Can you get rich quickly from forex trading?

I agree with you. Pin bars are my favorite set up signals. I actually took a short trade on this pair based on H4 which has already closed for a R2 (reward risk ratio of 2:1).

Daily Trade Analysis with FxTyrant

Thanks Diceman555 for taking your time to explain. Looks like I have to take time and study the M15 charts. The last time I tried I got fried but one of the reasons was I was relatively new to FX and traded without proper MM. I am a lot better now ...

Scalp, scalp, scalp

Hi Diceman 555, Nice journal you have here. I have always been afraid of scalping, yet you make it look so easy. Will come back and read some more. Thanks

Scalp, scalp, scalp

The pair you traded has a 4.9 pip spread, meaning the price has to go in your direction for this number of pips before it starts to go into the positive. As it appears on your chart, the price has not yet covered these pips.

OANDA Discussion

mv6, I really admire your patience in trading, sticking to your guns! If I had your patience, I would be more prifitable. I have been battling my problem of getting out of the trades early and it is taking for ever to get over it. This is the most ...

My strategy 50/150 ...

Hi MV6, I have a suggestion which I believe could improve the odds in our favour a bit. Try to enter trades in the direction of the main trend (D1). The last trade is a classic example. We had a very strong upward movement and trading against it ...

My strategy 50/150 ...

Olu, merry xmas and Happy new year to you too!

Trading For Those With a 9-5 Job

Just wondered here from Olu's journal based on your very informative comments there and I must say I am impressed by your methodology here. You have a well kept journal and a very good trading strategy. I am currently demoing daily signal with the ...

MPB Journal

It is good to see you are back at it again. Thought you had abandoned it all together.

My strategy 50/150 ...

Nice trades mate. I entered the GB/US at exactly the same point but gave a small SL. It hit my SL and turned up. lesson learned!!

X-Man's Super Simple System

I could not agree with you more. The concept of basketing sounds very good. Based on what I have read so far, I am signed in. I am reading the entire thread and then do some demoing. Unfortunately it is december, low volatility! But let us see how ...

Still Basketting

Thanks phx62 for your posts and keeping the thread going. We learn a lot from your trades.May I also thank dee50 for his pdfs. I have always downloaded them so that I can read and re-read them. I find them very educative.

X-Man's Super Simple System

Hi Tony112 and all traders of this system, I have been lurking in the background of your wonderful thread for quite a long time. I have always been captivated by the determination and cool headedness exibited by the traders on this thread. You ppl ...

Central Banks & Big Players

I would be very much interested to learn th M15 strategy. you have my vote.

X-Man's Super Simple System

Nice atticle — How true every word of the atticle is. It really touched home. Thanks for it. Could you put it in a pdf so we can save it? I would like to read it over and over and share it with some friends.

Simple Money Making Method

Thanks dee50 for those words of encouragement. It is true, each day I learn something and it is all thanks to you nice ppl who are generous with your knowledge

X-Man's Super Simple System

Hi olu, Nice thread you have here. Just read the first 2 pages and the last two. But I am impressed. I guess you have now grown into an excellent trader over the time from where you started. I will be back here to read and learn some more. regards

Trading For Those With a 9-5 Job

I entered at the close of that M15 candle but only targeted 15pips and now I realise it is because I could not interprete it the way you have shown it. I lacked the courage to re- enter, only wished I had targeted more. But important thing is I am ...

X-Man's Super Simple System

Interesting and system you have here. I have never done daily trrades yet although I have thought about them but lacked a simple system to use. will keep following you and learning. One question though, do you set your trades and let them run the ...

Max's Simple Ride the Wave System