Hi 4exNinja, 3) Motivation (yes, staring at charts is boring, but it's the BEST way to learn). Yes on lots of screen time. People who are bad at trading generally: - ...believe robots and "systems" will work and they won't have to do any real ...

Are you a consistently profitable trader?

Hello Xenios, I couldn't have summarized it better! I especially liked #8. I think sometimes traders forget that and think that they are in the money so they can tell the market what to do. Respect is an absolute regardless of how successful a ...

Are you a consistently profitable trader?

Hi Turveyd, That subtle difference is sometimes hard to get across to traders. Your point...."taught all sorts of none fact based trading logic which has no real relevance in real trading." Sometimes what's really going on in the market is not ...

Are you a consistently profitable trader?

Congrats Duyk20. Just take it one month at a time; one week at a time; one day at a time; one trade at a time until consistently profitable every month is the norm. All the best and thanks for sharing. FX4

Are you a consistently profitable trader?

Now that we've touched on how to check your system to see if it is solid enough to give you some + pips, let's go on and discuss the other three aspects: Risk Management Money Management Trade Management I think there are subtle differences between ...

What Is "Proper" Risk/Money/Trade Management?

Sent a signal on this one today...a long on EurUsd. Was a challenge but it went to the ML...eventually. FX4

Pitchfork Goldmine!

Just wanted to add that if traders learned how to use forks well, they could then add whatever else they wanted to it to make their trading even that much better. You can add forks to any method for a clearer picture. My 2 cents. You're doing just ...

Pitchfork Goldmine!

Hi again Joswald, My comments are in black. I've done a little bit of research, I read Greg Fishers median line study on the grain markets from 1990-2005 and he found that price reversed at the median line 40% of the time. So I'm hoping that with ...

Pitchfork Goldmine!

Hi Jack, I think your idea is a very good one and makes sound trading sense from a technical standpoint. Get some stats on it and check the expectancy. Here's a little something on that. Thanks for posting. Enjoyed studying your chart. FX4

Pitchfork Goldmine!

Just letting you all know that the Weekly Chart Wrap-Ups are now posted on the blog. Enjoy! FX4

Pitchfork Goldmine!

Yes, it is difficult to define. Things can and do change quickly in this business. Outside of the exceptions, traders who can be profitable for three consecutive months, imho, would have achieved a certain degree of skill that would help them to ...

Are you a consistently profitable trader?

Good for you...the psychology in each candlestick. Glad you're not in the red in your trading. Have you studied Steve Nison's candlestick work in detail? Other good candlestick studies out there too. Keep it up! FX4

Are you a consistently profitable trader?

A very good summary of some of the discussions about the benefits and limitations of the poll mentioned throughout the thread. Determining the "real" answer using any poll is always a challenge. Very concise commentary. Nice . As was stated ...

Are you a consistently profitable trader?

This was posted on my thread and I think it gives any trader a very good start. So much goes into the recipe, but I thought this was excellent. url I also think trading with the right position size...the one that allows the trader to feel ...

The Mindset of a Successful Trader

A little something that might be important to your bottom line. url FX4

Are you a consistently profitable trader?

Hi again... Continuing with the idea of Expectancy. It was mentioned before that a trader needs to be making money in order to have something to manage. That is what Expectancy is about: helping a trader see if their system has a positive or ...

What Is "Proper" Risk/Money/Trade Management?

Very well said!!!

Are you a consistently profitable trader?

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Are you a consistently profitable trader?

Here's a great quote a successful trader sent to me: “If you listen to financial TV, or read most market columnists, you’d think that investing is some kind of sport, or a war, or a struggle for survival in a hostile wilderness. But investing isn’t ...

It's A Heart-Mind Game... Are You Ready?

Here's a great quote a successful trader sent to me: “If you listen to financial TV, or read most market columnists, you’d think that investing is some kind of sport, or a war, or a struggle for survival in a hostile wilderness. But investing isn’t ...

Are you a consistently profitable trader?