Zeroing in on the exit — I found it easier to stay with trades that bounced around a lot with these daily targets to shoot for. Probability is a powerful idea. image

VantagePoint Graphics thread

Closed early — A nice profit on the table for all currencies and it just looked like it was a great place to sign off and stop trading. The C$ was hit for a long (trading against the trend) entry and was closed with a tiny profit. The two pip ...

VantagePoint Graphics thread

Only one today — The market I thought was most risky was the only one to work out today. I only placed a single contract to mitigate risk because the indicators on the C$ were so soupy looking. A paltry 800.00 profit on that trade which should ...

VantagePoint Graphics thread

On steriods — Generally VP predicts the lows more accurately in an uptrend and the highs more accurately in a downtrend. Here is a perfect example of an uptrend where the market touched the predicted low and then shot to the moon. I learned ...

VantagePoint Graphics thread

Close out day again — This is the complimentary EURO trade about to close out for profit along with the CFG. I believe the GBP closed out that day for a 2000.00 profit. 100 pips per contract. Risk per trade was about .7 percent. image

VantagePoint Graphics thread

Closing out for profit — The following trade was a chf that is just heading for the target and about ready to close for a nice profit of about 1600.00. It did follow through and take out the target. This was one of those days where all six ...

VantagePoint Graphics thread

Clearly you don't understand the etiquette of supporting the topic within a thread so go ahead pursue your discussion. As for me I was only interested in the original premise of the thread but you've made it clear that you want none of that topic ...

Market & Trading Facts

Yes but the positions always begin with a payment made to the broker that must first be paid by the other players. When the bets are placed the game is already negative sum for the players and positive for the broker. Where do you have trouble ...

Inside Info on Brokers.

Again your logic sounds good but the psychology behind your approach may be too linear. In trading it can be very expensive to confuse knowledge with skill. Also your statement sounds very misplaced when it comes to trading. Some knowledge is ...

Thoughts of a beginner

Your logic is good sounding logic. However I think the point that MB is trying to make is that there are ways to begin understanding the market that can create unpleasant obstacles. If I read him right I believe that he is speaking from a "trading ...

Thoughts of a beginner

[QUOTE]The term broker here is a bit misleading because a broker is normally someone who charges a comission for executing a trade with a market. Most providers are actually market makers in that they don't necessarily offload trades but often use ...

Inside Info on Brokers.

Are you saying that the broker does not have to pay a spread for his money? Sure he may not have to pay it on that trade if he buckets it but has he not been paying a spread on the IB all along? Ultimately everyone in the game has costs that siphon ...

Inside Info on Brokers.

Thank you Merlin. Coming from you that is a compliment indeed! Actually after the positive response and encouragement I've been receiving from some of the fine folks on this forum -- I've decided to accept James16's offer to write on psychology and ...

Gann Revisted...

I read through your post but I confess I don't understand your point(s). 1. You asked me a question about where these false stories come from. I thought I wrote a pretty good article about where such stories come from. If you find that agressive I ...

Gann Revisted...

Thanks for your great comments. Very encouraging and in fact helped me to see my own thoughts in a different light. What I meant by editing was not any material changes in the message just details such as changing this: To something less dogmatic ...

Gann Revisted...

You are very kind and I greatly appreciate your feedback. To be candid I really enjoyed it myself and I'm glad someone out there may have enjoyed reading it as much as I did writing it. This is the first time I ever recall visiting the forum just to ...

Gann Revisted...

Good response Derek. No malice and you removed the post. I withdraw my complaint and, if you have not been reading forum rules before posting, I encourage you to do so. We'll give you the benefit of the doubt that you did not know enough to read the ...

Rob Booker

Bulletin to all users of Forex Factory — Bulletin to all legitimate users of the Forex Factory services: When you see spammers posting links to their email addresses and web sites on this forum you know they are in violation of the forum rules ...

Rob Booker

Just like Gann there are people making money from selling his stuff. The mystical approach to trading has an appeal to the grail seekers who are frequently idealists who will part with substantial amounts of money to valdiate their idealism. This ...

Gann Revisted...