You're right.... candlesticks are not the topic of this thread. And just because some guy named Nisson wrote a book about random candlestick formations and dressed it up by saying Japanese used it to predict rice markets is meaningless. Candlesticks ...

TEB sytstem

You haven't "proved" anything. I wish you good trading, but any noobs reading this should be aware that trading without stops is foolish. If you continue making money, you will be lucky. The Egyptian camel analogy doesn't change the fact that strong ...

Tenno system

You could have turned $1000 into $1,000,000 in 2.5 months trading the NZD/JPY alone. Search for "Dion's Pyramid." Actually this is just an example of how powerful forex is. I don't claim this to be a realistic return, as you'd have to be lucky as ...

2 Million In 2 Years With $1000 Start Up- Its Possible

I have addressed the reasons I won't trade w/ EFX on the EFX thread in the brokers section.

isn't there a home for scalpers?

Gotta love that tkimble....

12_100_9 Trending System

As I said in post #1 & post #18, I think this could be a filter for an existing trading system. I surely wouldn't take trades based solely on people's positions at Oanda. Thanks.

Trading against the majority

Let's just watch the EURUSD sentiment for now.... over 50% are short at Oanda..... I think it is going to continue its long term trend up. PS) I'm not the only one that thinks this way: url

Trading against the majority

There is an impressive NN for forex called Flexibile Neural Trees (FNTs.) Graduate students in China have posted their results for the USDJPY pair. Google "Flexible Neural Trees" to read the article. FNTs are a second generation NN, but I don't have ...

neural network based systems in forex

But if you believe the rumour that 95% of traders fail....

Trading against the majority

Hello again Roland. While I agree w/ you that orders are matched against each other, the broker takes the OPPOSITE position w/ the banks (based on most traders failing.) That's why most brokers will tell you "we take the risk." Merlin or SMJones, ...

If you start to be successful - Will your broker close you down?

I posted a thread linked to 6 years of M1 data back to 2001... Not sure where it is... do a search.... M1 can be changed to H1. GL

Forex data archive?

I was considering using this as a filter for my trading system.

Trading against the majority

Then by my rule of thumb, I would only take long positions here because over 50% of the EURUSD positions at Oanda are shorts now. url What do you guys think? I think its kinda crazy that over half the positions go against the long term trend.

Trading against the majority

Sorry, Roland, but self help and confidence don't determine success in Forex. Most brokers make only a small percent of their earnings on spreads and rollover markups. The remainder is made on taking the opposite side of the trade, so a successful ...

If you start to be successful - Will your broker close you down?

How do they get away with this "iceburging?" Are they simply breaking their 20 mio into 5 mio chunks?

order flow Statistics on FF

I need to get this thread focused again. The point is not that "trained traders" survive, it's that crooked brokers destroy good traders. A broker simply won't tolerate somebody beating the markets consistently. I am not talking about stupid news ...

If 95% of traders fail.....

Point*newstop not just newstop

OrderModify - Error code 1

Too late now... the option comes as you start the thread.

Why do 95% of traders lose?

Does anyone know what ODL has their MT4 hooked up to? Is it a typical market maker environment, or an ECN? EDIT: I now see there is ODL Prime (for currenex and hotspot) and then retail..... mattnz, are you w/ retail or prime?

My MT4 broker experiences