I think it depends on the trader - Indicators and tools, are more mechanical - a numbers based game basically... I find that PA, order flow etc far more subjective. My personal opinion would be that Indicators are easier! haha! not that either ...

Who makes real money from forex?

Of course you can always have 2 accounts, one only for shorts and one for longs! The issue I have with support and resistance is that it is sort of arbitrary in the grand scheme of things. I always used to trade with hard SL and Hard TP. The issue ...

Aggressively Simple Renko

I just want to say that the thread is completely irrelevant for a number of reasons. 1) people who fail, do not believe success is possible 2) People lie, and want to promote success The Main reason it is completely irrelevant is because someone ...

What is your weekly return?

However, there are multiple accounts of people who have made millions by using indicators. In reality, it doesn't matter whether you use PA, order flow, indicators, astrological projection.... These are only ways of getting into the market. The ...

Who makes real money from forex?

Demo trading is fine for a complete newbie. You need to understand the fundamentals of Forex before going live. You need to know how leverage affects your account, how margin affects your account. You need to test stop orders, limit orders, market ...

Is demo a step before real trading?

image This is the tail of the tape so far. As mentioned, I am undercapitalised at the moment - so you can see that only the USDCAD is 'funded' with the rest of the pairs having virtual funds next to them - i am still trading them live as you can ...

Aggressively Simple Renko

Well that was a bit of a heavy weekend... 2 trades stopped out due to gaps in the markets, and lost more money because of enormous spreads - 300 points (30 pips) on the GBPUSD trade, which basically meant that instead of my SL protecting me to the ...

Aggressively Simple Renko

There could have been an opportunity to reduce the liability by the way, but i cant remember whether i reduced the liability at this point or not, but price woudl never have come to closing out the position on this occasion.

Aggressively Simple Renko

Trade management (with initial comments included) image Note the Brick size of 13 (half the 26) Basically the SL moves up... if you get a big pull back, you get taken out, but if it reverses, chances are you get another signal and reenter anyway. ...

Aggressively Simple Renko

This is the Dow trade i took (which closed with 260 pips, check it out in the TE) image Note the 26 brick size (100 pip SL)

Aggressively Simple Renko

Trades are entered on the 126 mean renko brick signal. Trade exits are managed on the 63 mean renko bricks... basically when you get reverse coloured brick, it retraces for maybe 1 or 2, and then goes the other way. I move the SL about 10 pips under ...

Aggressively Simple Renko

The market has an ebb and a flow. You need to determine trading rules. The market relies on greed and fear... Most of trading is conquering the fear and greed side of yourself - this is what makes a great trader... It all comes down to letting ...

anyone need help?

You would need to look at both types of reports... as something strong in the EURO reports could easily be countered with a strong CAD report... Think of pairs as a pair of scales... you know, they type that you weigh things in with the two pots ...

anyone need help?

There are a couple of things wrong with this... First, what was the demo size of the account, and secondly, what was the lot size you were dealing with. There is also the question of margin, which is the easiest way to answer your question... Margin ...

anyone need help?

A bit of an update on where i am currently at for each one of the pairs i am trading, and what i plan to do in the future. First off, I am not particularly concerned about where the account is at... it looks pretty much like a losing strategy at the ...

Aggressively Simple Renko

So, Lots of losing trades to begin with (there has actually only been 1 winning trade with the system, as the 6 other 'winning' trades were just tests, and not for the system. This is really to be expected though. I am trying lots of instruments, ...

Aggressively Simple Renko

There is a chap on this board called FFX, who codes EAs and he does really really good work (there are a lot of indicators that he has done which are free if you search the forum, and the market place in MT4.​ To turn your question about missing a ...

Information For Beginners

​Simply get a broker that guarantees your account against these sort of losses. Most regulated brokers will offer this type of insurance... your money will be gone, but your house wont be!

Information For Beginners

​I only agree with certain parts of Custo... but also agree with it all. I disagreed with certain parts because they do not hold true with me, and agree with it because it applies to him...! My advice and info for new traders, would be read up on ...

Information For Beginners

the 250 bricks were not providing a good enough set of results, but the 125 were far better results and something I could start to work with. As visilly was saying not enough trending markets would lead to lots of losers. The 125 is just a step down ...

Aggressively Simple Renko