Smart Man

How to lose money

Extreme Volatility before a change in direction creates larger wicks. It is the fast changing speed of the Tick market during this time that gives away the INTEND of the market to reverse. The Tick speed of a market also increases about 7-10 times ...

How to lose money

I need to talk to George but my guess is he is hunting for these spikes on GU and GJ

How to lose money

I am on my phone but here is two snaps oh GU from this morning. Chart 1 - see the rejection of price in the extended wicks, this is price taking supply from unopened orders in this area. Probably stop losses. So I would be patience and see what ...

How to lose money

Me and George trade the 1 minute chart and very profitable. I was trading the 5 minute chart last year but far too slow. You asked about Exhausion zones, it’s just price action movement. Look at the wicks and wait till a reaction occurs which is ...

How to lose money

Exhaustion zones leads to rejection price action signals which is your signal to trade. Look at the wicks in relation to its close

How to lose money

No, the market just needs to reach your take profit level before it hits your stop loss level. Whether it trends there or gets pushed there by the market makers is beside the point. What we do know is the market has a regular pulse which can be ...

How to lose money

The problem is some days there is no direction set by London or New york traders. You will see this on the 5 minute chart on two days a week. However saying that, you don't have to pick direction to be able to be profitable. Why to most traders ...

How to lose money

Rennaissance I asked this question in the TMS forum with no real replys, most are there losing money. So - I will ask you this question. How would you describe a profitable trader -

How to lose money

Am I the only trader here who thinks Tekkies is asking the correct question. What is a profitable trader ? Divergence said the following Trading is all about making money consistently otherwise you cant trade for a living Most of those traders here ...

Trading Made Simple

I spend most of my trading time studying the WICKS on bars looking for exhausion and rejection of price.

Trading Made Simple

Study the work from Steve and Divergence, then manually trade the 1 minute chart. Also look at the Extreme TMA system which may be the best trading strategy on FF.

Trading Made Simple

Hi Nigpig The answer is YES, its always on because we need to be smart when we trade any pair. EURCAD favours Reversal EA's not Trending EA's over the past few years. But market types can change so I need to have a plan to avoid equity wipes out or ...

Trading Made Simple

Hi Tekkies Lets get the facts right first, 20-25 of retail traders actually make money. The 5% of winners is BS, its just a liar to make many traders think their special. You can make money by selling in a strong upturn provided your trade size ...

Trading Made Simple

Here's one for you Tekkies "This bias may be at the root of all other biases. Yet being right has little to do with making money - Van K Tharp" That's the problem with Trading made simple, you don't need to enter at the correct spot to make money. ...

Trading Made Simple

I need to know more about the indicator before I can run some final tests. The reason is because some pairs favour trend indicators, some favour reversal indicators. So far its alright on Reversal pairs. Here is EURAUD H1 and keeping the Draw Down ...

Free EA to trade the DAX and forex

Hi Please explain the details about the indicator LS HTF. I have run some results and need to know more about that indicator.

Free EA to trade the DAX and forex

Your'e asking the wrong trader, almost everything he/she said about EA's was wrong. Good ones are everywhere IF you learn how to optimize a EA correctly and run it on the correct markets. Just look at the EA Strategy tester, there is two free EA's ...

Do EAs really work?

Hi Dasilvja Yes they can be profitable but you need multiple Algo's to create a decent income stream. Many EA's shown with great results are Grid designed and mostly collapse with a margin call at the next big spike / trend. You are unlikely to find ...

Do EAs really work?

Hi Betterlife - Keeping it simple for me always works best. I have looked at options like the Stridsmans etc. but its too much work in my eyes. I have just created by own formula based excel spreadsheet that allows me plot ( enter entries and exits ...

Forex Tester 3, better then MT4 back testing?