Great Post

LJ Forex Group

A well defined risk model can help to remove ego. One needs/expects losses to make gains. The end result could be a high probability low expectation or high expectation low probability method that one needs to strictly follow to reap rewards (High ...

It is so easy, yet so hard

I agree that there is a lot of crap around regarding mechanical systems. However much of it is due to really bad money management strategies that go with it. Great mechanical systems do exist, often with very low win rates but very high r multiples. ...

LJ Forex Group

Just found this gem of a thread.

LJ Forex Group

[quote=60minuteman;5711640] There's a good Free webinar by fxevolve that discusses this process in detail. Its basically Van Tharp's expectancy formula. Good stuff and definitely a psyhological wake up.

Buy sell line trading

Yo Kenny dat's dope.

Romancing the Price

Use smaller time frame levels within the weekly such as Daily or H4. What was the RR of your weekly level that got broken? Did you use the odds enhancers?

B.S. Trading with Kenneth Lee

Ok then smart arse put knowledge to action and help the man out instread of providing daily results which are totally meaningless. I'd be very interested to know where the edge is. Good luck.

1minute 1 trade

I am not knocking you and you have rightly warned people of the limited data which was the biggest hint you gave your followers to help you out imo. Your followers should be back testing this for at least 12 months. It's non-discretionary so a ...

1minute 1 trade

Flimsy logic, 25 days of data and you are trading this daily! You really think 1 week of data means anything at all! This is just pure entertainment. You people need to wake-up and do the math.

1minute 1 trade

yes nfp is fun to watch -it is utter BS in its purest form. video

The life of a trading system on Forex Factory

Ok fair comment but I think people try and understand too much. There are only 2-3 major economic drivers to watch for at any one time to gain overall sentiment of the major currencies and then just monitor them in relation to the risk aversion ...

The life of a trading system on Forex Factory

Why do people get so excited about bashing fundamentals? Macro fundy sentiment moves the market. Can be used as an indicator alongside the context of price action, that's all, no big deal, no conspiracies etc.

The life of a trading system on Forex Factory

Yeah. Some guy named Paulus trades 1min chart on spread bet pwatform and makes 200% per month Its true. He told me.

The life of a trading system on Forex Factory

You need to work on how the market works. What are the banks and other big guns trying to do and how, why. Its no good looking at the market from a retail point of view and expecting to be profitable, you have to look at it from the perspective of ...

Are we being conned?

From my own personal experience, be careful entering such levels after a rounded bottoming out process. The rounded bottoming out pattern forming the base of the U shows a long winded struggle between bulls and bears where bulls have been able to ...

B.S. Trading with Kenneth Lee

Very important comment imo. Knowing RR is useless without a thorough understanding of expectancy (as determined by how you trade over at least 100 trades - use an fx simulator to determine this + back testing) (see Van Tharp). By doing this you will ...

Price is everything

Wow! I never knew the forex factory threads would be such a great tool to determine what time frame I should trade. Thank you Turveyd Shit what if I want to scan the H4 using multiple time frame analysis. If using three time frames does that mean ...

The life of a trading system on Forex Factory

Replace the word "did" to "is". How is price returning to the level (i.e our level of entry, demand or supply). You have to differentiate between price travelling smoothly into your level trapping late traders into the market before reversing, from ...

B.S. Trading with Kenneth Lee

That's one of Jackson Bollock's isn't it?

Price is everything