Wonderful! I think there are so many parallels to trading in life. It's as if every film, story, religion etc., is trying to drop the hint, but most of the time we just don't get it. Just one that you can relate to, I'm sure: it was only when Johnny ...

The quest for the best forex trading system

Well, I've developed this thing called the Absolute Fibonacci, which basically shows the framework by which all the currencies move - always have done and most likely always will, because it is based on very fundamental knowledge. It's relatively ...

Daytraders: Are we a dying breed?

Hi ManInBlack. I think there is a danger of getting just too complicated here if you continue the quest on the outside, rather than sorting out what is going on inside. I think we all know that there is no 'perfect system' out there, because if ...

The quest for the best forex trading system

You can make it easy, or complicated. I like easy. One of the reasons that I developed my framework was because, as you rightly say, just about all indicators are historical. My framework gives you a way to see how far a currencies are likely to go ...

Building a system based on price action

I think there are opportunities for all types of trading at different times and in different conditions. "Scalping" definitely doesn't have to be as risky as you make it sound. Using my framework, I find that because I can better see where the ...

Daytraders: Are we a dying breed?

After a quick visit to 1.7200, perhaps? What do you think?

Majors Thread: EUR, USD, GBP, JPY

Write a will.

What if something happens...

This discussion can run and run, and probably will. The fact is that if you decide on any fixed stop loss value as part of your trading system, you are setting yourself up for a percentage of failing trades - the percentage varying according to your ...

Trading without a stop loss!

But you care about being misleading - both to yourself and to others. Nice.

Majors Thread: EUR, USD, GBP, JPY

I actually think this is a very good point. Making predictions is a risky business. We are all afraid of being seen to be wrong. Nice move on the Cable this morning, as you say. It stuck nicely to my framework - but no, I wouldn't have publicly ...

Majors Thread: EUR, USD, GBP, JPY

Don't borrow. Start small and learn as you grow. That way, you're playing with the market's money and not your own - or worse still - the bank's money! [/left]

Forexers: Your Monthly Profit Booms!

This is a good point. But if you can deal with the overtrading, poor money management and greed, there's no reason why you can't scale up as you go. Mindset and balls! As Man in Black says, people are doing it consistently. For me I know that the ...

Forexers: Your Monthly Profit Booms!

a. No, at least, not in the traditional sense of stop loss. I use specific values according to the framework, rather than a blanket amount for all situations. That way, you don't get knocked out half so much. b. See above. c. It's more profitable ...

Trading without a stop loss!

Are we feeling a teensy weensy bit hyper tonight? Maybe the diet needs attention. Possibly a dietician would recommend balancing some solids with the liquids. Just a thought. Maybe try clearing the mind - meditate. Sit in the lotus position and ...

Majors Thread: EUR, USD, GBP, JPY

I had been sort of expecting this move. The currencies move to a framework that appears to be 'sticky', for want of a better word. My 'Absolute Fibonacci' framework shows this. It further seems that currencies have to move through 'sets' on the ...

What happened?

Hi James, well nothing seems to have changed on my post, so no problem. Um, Pipsta, is there perhaps a 'self-delusion' problem here. What ever the size of your tool, you surely only ever start off with two nuts. That claim of 'starting with 30 nuts' ...

Measuring Progress: It's all in the size of your tool

I'm with East on this. % growth on a month-by-month basis. Simple. That's how I like trading.

Measuring Progress: It's all in the size of your tool

Elite, I don't think you're bragging at all. I've had the same feelings myself. I just wonder if the really successful people don't bother to come to forums. That's great that you have a system that's working for you. I too have many friends who are ...

Curious...

Well said Franz. You can learn as many clever techniques as you like, and many will serve you, but only if your mindest is working with you - and not against you. But - you you have to do the work on yourself. Someone else can't do it for you.

5% per day is achievable

I was alluding to the original Merlin.

5% per day is achievable