Hmmm ... I guess you have to get 1000 traders, get them trading using the same strategy, and see the distribution of their returns?

How certain can you be that you have an edge?

If you guys notice ... this guy has been using 0.1 lot in each trade and he was doing good ... All of the sudden, he placed 1 lot .. and the market reversed against him ... He had the discipline .. but he lost it .. perhaps the profits made he feel ...

Screen Shot of a good trader about to get $ 6K margin call !!

The way I trade this kind of breakout is by working on my entry strategy to improve the R:R and therefore increasing the profits without the need to scale in/out. With good entry .. you may get a R:R .. let's say 1:1 .. With better entry you may get ...

The System II (Yes with irony)

What are those charts ... ? Daily? Weekly ?

just charts and chat

A good way to avoid choppy market is by not trading during news releases. 2 reasons why u should avoid news : 1) Liquidity is bad at that time ... too many buyers/sellers on either sides. (wide spread) 2) Technical analysis doesnt work anymore .. ...

choppy choppy choppy!

Have u tried using the vHandsTrade Simulator ...? It's replays each candles so u can practice your manual trading skills. I limit my trading to max of 2 wins or 2 losses a day. More than that and my focus will decrease and i will start losing lol ...

How to overcome "Hindsight Bias"?

good job byte .... this idea is great ...

Trend-spotting

Do we have a chat channel ? — Im wondering if there's any chat channel for Malaysian trading during London and US market hours ... ? I think it would be cool to chat while waiting for signals ...

Malaysia

Same as I do. I still have a career in private equity investment while trading on part-time basis (daily/weekly charts). Maybe after a few years down the road, I will use my network in investment scene to set up my own forex funds.

Isnt a service career more satisfying then trading?

Good call.

Isnt a service career more satisfying then trading?

Open up your weekly chart and look at the candle dated 21/Sept/2008 Another support is also at 1.4700 on 14/Dec/2008

Strat's Long Term Stress Free Trading

Fiber — Thanks for the reply. It seems like there's a bullish price action there. Bullish Engulfing. But the 1.4850 resistance line worries me. The candle closed below weekly resistance. Will go long only when the price close above that level. ...

Strat's Long Term Stress Free Trading

Interesting .... I'm a geek as well .. LOL ...

Strat's Long Term Stress Free Trading

Fiber — What do we do with Fiber now ... ? It seems like its going to touch 50MA .. I'm thinking of going long when there's a bullish price action near the 50 MA. I'm wondering if that's a good way to use the 50 MA ?

Strat's Long Term Stress Free Trading

Fear not ... more opportunities will come ...

Strat's Long Term Stress Free Trading

Another look at price and time element — Problem of price what is a good price to buy/sell ? Problem of time when should I place my order ? how long should I wait before making any conclusion ? should I wait for candle to close? which candle ? ...

Strat's Long Term Stress Free Trading

How closing price helps us filter noises (time elements) — I agree that CLOSE is very important. It tells us where the price lingers most of the time. This means this is where buyer and seller is at equilibrium. The way I see it: If this ...

Strat's Long Term Stress Free Trading

EURUSD tanked — Hmm seems like the Fiber has tanked. Let's watch the price action at 1.4850 (weekly resistance turned to support and Daily 20EMA). Depending on how the price action around that area, we could be looking at another buy ...

Strat's Long Term Stress Free Trading

I have a number of school mates who refused to inherit their family businesses simply because they are not interested in that business. They want to do things that they like. For some rich people, money is not as important as we (the poor ones) ...

Isnt a service career more satisfying then trading?