I read this thread with much interest. I can relate a little with your situation simply because I started off on my own without any experience... except the "i got scammed part". But if you have the money to invest. INVEST IN EDUCATION FIRST I ...

I need a mentor...read this and youll know why

If I didn't make that mistake and overextended myself on the first day, I would have been up 700$ by the end of this week. For an 4000$ account, it is almost 25% profit... But IF the world was perfect, everyone would not be losing money. So ...

Thelws's journal

Always set a sl and tp. Today the prices blew past where I would have taken profit. But because I didn't set a tp, price retraced back to almost where i started from. Money not taken = money wasted. I could have been up a ton today Price did ...

Thelws's journal

image image Made back some profits. Although not much. Still recovering from losses. Right now there really is no signal in the market. Everyone is waiting for the next big move. Even the positions that I'm in, I'm not sure that it will be ...

Thelws's journal

Opened a lot of trades. Was profiting at one point but didn't hit target profit so I didn't close any positions. Problem was, I didn't enter trades based on the rules. I almost met the conditions for my rules but in truth it didn't. Almost != ...

Thelws's journal

the simple answer is yes. the system still works. im currently using it. the commercial version that is. i think on oan's site there is a video on how to use the system. have to dig for it though. but in the paid section it is all categorized so it ...

My own developed benkyalate system

If it is not possible to mitigate that risk in forex, how do professional forex traders handle their money? It cant be just simple buy/sell with stop loss. That is only trading half naked. Where can I go to learn more strategies? Or if anyone is ...

How do hedges work actually?

ok, the other question is how do you use hedging to make money? take hedge fund managers for example. they hedge themselves to limit risks and yet are able to make money. i don't understand how this works. also, they hedge on the same instrument. ...

How do hedges work actually?

so are you sayong that you cant hedge in forex?

How do hedges work actually?

well we have a system that can work on long term and short term. gj guys. holy grail lol. but i must mention, scalping settings and long term trading settings are very different. just so you know

My own developed benkyalate system

Yea, I've always wanted to do that. In the end I can't imagine myself working everyday to my millions. Which is why I'm learning to trade longer time frames. That will allow me to place trades and enjoy life. Maybe i'll even end up trading using ...

Why Indicators will fail you

I don't know about price action much. Just the basic of price action. But i've always relied heavily on indicators since I started trading. No problems till now. I don't even know fundamentals that well. I just trade almost purely by technicals... ...

Why Indicators will fail you

Hi Brimm, QQE Alert v3.mq4 - this is the arrow indicator. any idea what it means? QQEA.mq4 QQEA_Alert.mq4 - these 2 indicators look almost the same to me. What are the differences? thelws

My own developed benkyalate system

my bad, got excited. but it really does seem that the pair will move south. im not a fundamentalist but when it comes to technicals im pretty sure of myself. and on 1 min it says pair is down.

EURUSD

it seems to me that news cannot beat the collective downtrend. even if news says usd strong, my technicals don't tell me the same. looks like it will continue to go down...

EURUSD

seems to me there is a strong s/r happening. 4h charts now look like a head n shoulders could be forming. ill still be waiting. break above resistance, buy. break below support. sell.

Cable Update (GBPUSD)

merry chirstmas people. I hope christmas has been good to you guys. I agree that further discussion should be moved to oan's site. I only hope that more people will stumble upon this system and learn of its greatness. Till then, may you make lots of ...

My own developed benkyalate system

I've loaded it and used it for a while. Doesn't really tell you anything new. It is pretty much like the abha + jim indicator. I guess he just combined the 2 into 1 indicator or something. Basically, when the candle hit sell, you sell. when it hits ...

My own developed benkyalate system