Learn to trade consistently profitably first I think. Too much emphasis is placed on never entering trades less than a 3-1 reward risk ratio. Keep an open mind, outdated rukes can stifle the learning process. If you can trade with an 80% plus win ...

Lets talk money management!

Well said. I ain't laughing except all the way to the bank. Comparing retail traders to institutional traders is pointless. Even reading the article was a waste of time it is for dreamers IMO. So I didn't. Limit your dreams to 30% a year and that is ...

What is your weekly return?

Haha so true, so true, I was just gonna V for ya but I already have. Great post.

It is possible to be rich in FX!

Forex trading is a business, expect to pay for good advice but do your DD. People that expect to build any business for nothing are the real losers.

Who can you trust?

Trust the charts, naked charts and trust people that tell you price action that worked 20 years ago will continue to work until it stops. At least if / when it stops working you will be ready and able to adapt; but why would it if it has worked the ...

Who can you trust?

A great discussion and some well argued points by all. Red, Fti caught your eye and has shown you a way to trade that you like and works for you, np with that. My eye was caught early on by another genius trader and I was shown a way to trade that I ...

Real Fx traders do not use stoploss

IMO trading without stops is mental and financial suicide, learn where to place them and learn how to trade consistently profitably with them in place. Then increase your account size and trade size. This way you can trade an hour or so a day ...

Real Fx traders do not use stoploss

Agreed, this had the makings of a great thread, come back Jet, just ban/ignore the haters and trolls.

Lagging Indicators -vs- Leading Indicators

Yep holidays are great, trade like a machine.

Thinking Outside the Box!?!

I missed these comments on daily news articles by Munroe and Marv, yes I agree it is worth keeping an eye on the daily news events, however I don't personally for numerous reasons. The main two being, I put my stops well away from the, "usual" ...

Thinking Outside the Box!?!

I agree, no bickering, very good discussion. Thanks.

Thinking Outside the Box!?!

Great post, thanks.

Thinking Outside the Box!?!

Made perfect sense to me. Make a framework to trade to, then analyse why it wins and fails, keep improving the framework.

Thinking Outside the Box!?!

Yeah we could go on forever, I did say in an earlier post I follow the BIGGEST money, TA just helps me get in and out at the best time.

Thinking Outside the Box!?!

China own the USA, it is just a matter of time and the whole world will be speaking mandarin LOL.

Thinking Outside the Box!?!

Lehman? who are they? the catalyst was well before lehmans collapse, the true catalysts were the governments allowing easy lending to the average joe idiots to buy houses that were over priced with mortgages that could never be repaid. People needed ...

Thinking Outside the Box!?!

Yes I am well aware of that, but why would I worry? I trade m5 and m15 based on all the higher time frames. Greece and all world events worry me greatly longer term but I don't trade that at all. All I worry about is the most recent SR levels. That ...

Thinking Outside the Box!?!

Greece does not control the worlds financials, it is the other way around. Give it time, you will get it. And yes, if SR breaks we trade it to the next level, nothing else matters.

Thinking Outside the Box!?!

It seems you have a good method and tbh that is all you need, a good method and absolute belief in it to trade with confidence and in turn profitably. My own belief is the direction is dictated purely by the BIGGEST money I don't even need to give a ...

Thinking Outside the Box!?!

The fact remains if you can read pure naked charts across multiple time fames then you actually have very little to worry about. If the weekly chart tells me it is going north and I am trading the daily or h4 I couldn't care less about most news ...

Thinking Outside the Box!?!