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- Toddfx replied Apr 12, 2009
Nothing "went wrong". In trading, "anything can happen"
- Toddfx replied Apr 12, 2009
A real "edge" is something that will always be there under normal market conditions. Price will break out and price will reverse. How often you trade and how many pips you set for TP and SL is up to you. The problem with most traders is their ...
- Toddfx replied Apr 12, 2009
You can use limit orders to enter an order at any price. Yes, other traders would see your order on the market depth. Yes, they can hit your price.
- Toddfx replied Apr 12, 2009
I am going to miss Money4Nothing's posts in here.
- Toddfx replied Apr 12, 2009
"A lot of traders don't want to believe just how much Luck plays a hand in their profitable strategies." What is "luck"? Is it when preparation meets opportunity? Luck exist only in hindsight. Do you feel lucky?
- Toddfx replied Apr 12, 2009
Mistake made: Take a trade when there was no signal from the system. Mistake made: Not taking a trade when the system signaled it. Are these the only mistakes?
- Toddfx replied Apr 12, 2009
"It was proved that if 100 traders start trading using a system with 60% winning odds, only 5 traders will be in profit at the end of the year. In spite of the 60% winning odds 95% of traders will lose because of their poor money management." It's ...
- Toddfx replied Apr 12, 2009
Security: M4N. WITHOUT PREDJUDICE. Don't Post My Indicators ANYWHERE{or variations thereof Unless they are Absoflogginlutely FREE to Everyone. That includes "Donations to Your PayPal Account " or any other method you may devise to reap a benifit ...
- Toddfx replied Apr 12, 2009
Another way to trade is to buy the FULL POSITION at the round number, exit 1/3 at +5, 1/3 at +10, then move your SL to B/E + 1 and see just how far it runs. If price retreats after +5, you can always exit at B/E. image Look at the chart. The lines ...
- Toddfx replied Apr 11, 2009
100 pips. image
- Toddfx replied Apr 11, 2009
"Warning. Any thread on Forex Factory could be deleted. You will not have a say in the matter and all the effort you put into your posts will be wasted." You weren't kidding. They banned Money4Nothing. Who's next?
- Toddfx replied Apr 11, 2009
I use the sweetspots gold indicator found on THIS FF thread. I use the PSYCHOLOGICAL PRICE LEVELS method that I found on another forum to scalp trade. image
- Toddfx replied Apr 9, 2009
Another win. image
- Toddfx replied Apr 5, 2009
Is there a reason you didn't take the short off them 6s at the top?
- Toddfx replied Apr 4, 2009
You have to use an ECN where the liquidity providers don't know you and you don't know them. Double blind. You may buy from "A" and sell to "B". Scalping is permitted because you are paying a commission each time you enter or exit a trade.
- Toddfx replied Apr 3, 2009
True "scalping" is capturing part of the spread between bid and ask. You have to be able to buy on the bid and sell on the ask. Deal desks don't permit this. What we are doing is "churning" - in/out quick for tiny profits. ECN is the only way to do ...
- Toddfx replied Apr 3, 2009
Markets move. Sometimes they move a little and sometimes they move a lot. Chances are you are like me and your account is not big enough to move the market. As Mark Douglas says we have to rely on others to move the market for us to make our trade a ...
- Toddfx replied Apr 3, 2009
What is important in this method is to focus on price movement at support and resistance areas. Gray bars are less distracting to me than colored bars on these charts. My focus is on confirming that price has stopped breaking out and has started to ...