Everything takes time. External sources (for instance brokers) will not fund any trader without first seeing verified account results, say 6 months minimum. After providing this initial proof (credentials) to their satisfaction, the trader usually ...

"good traders trade, bad traders teach"

Make sure you see their verified trading statement. You're paying, so let them show their credentials.

"good traders trade, bad traders teach"

Pay attention to what 2+2 is saying. Recognizing trading conditions (and implicitly the context where one should use/change strategy) is one our strongest points as humans vs. bots. Also, notice that a smaller sample might be perfectly OK as long as ...

How many trades until a system is proven, not just lucky?

After reading all I could find on fundamentals during the weekend, I must say your and Numbnuts CB outlook is spot on. BoE vs Fed and ECB vs RBA leave doubt tough.

Central Bank Watch

True + pay the man for following = no chance of making money whatsoever.

Is what this guy doing possible?

Just finished some fresh analysis using previous quarter data. Interestingly, it shows the way USD correlates with the other majors is returning to the normal state pre-Abenomics.

Central Bank Watch

The list is based on correlation analysis. What I think will happen is irrelevant. EUR simply ranked a little better than USD.

Central Bank Watch

At present this is how I would rank the majors in 2014: 1 - GBP 2 - CHF 3 - NZD 4 - EUR 5 - USD 6 - AUD 7 - CAD 8 - JPY (1 = strongest; 8 = weakest)

Central Bank Watch

And the reason why SonicR uses ema 34 and 89 is because these are fibonacci numbers.

TDI H1 Chaos System

Such is human nature... I'm still baffled though at the lengths people can go to fool themselves, sometimes completely denying the reality, just to be right.

5 Reasons Why Traders Lose

I'm sorry to hear what happened with your account. I remember seeing on your TE that you were down about 40% in a single day despite the account being overall positive. At the time I thought 'this guy is trading way too big', even thought about ...

WTF is wrong with me?

As usual excellent points, Hanover Thanks for posting.

why have you accepted the price-predictability assumption?

This is a post I can relate to, and from my biased anti-EMH viewpoint see as a great post. Imho, checking for something as general as auto-correlation is definitely not the way to go when trying to thoroughly determine whether price is ...

why have you accepted the price-predictability assumption?

Hi NV, Many thanks for your valuable input. Really enjoy the 'simplicity' of the rationale behind your market analysis. I do have a doubt. I understand you are not using EW analysis, but you do count waves like any Elliotician would. My experience ...

Ex Institutional Trader

What a BS video lol Reminded of the Clash though video

REAL youtube traders

Excellent points, Smittens Merry Christmas everyone

why have you accepted the price-predictability assumption?

Mindset for me is a human thing that has more to do with design, and less to do with execution. EAs are good for execution as you've pointed out. Thanks David. Merry Christmas and a happy 2014 year to you and to mim2005.

5 Reasons Why Traders Lose

Hi Hanover, I used to think exactly the same way you do, and not long ago. Edge (Method) + adequate MM = profitable trading. Mindset would be only a minor factor, if a factor at all, in explaining profitability. However, I've come to the realization ...

5 Reasons Why Traders Lose

All right. I've fell into a common human mistake, auto-reference. Thanks for clearing that up.

why have you accepted the price-predictability assumption?

Hi PipMeUp, 20/20, this is another reminder of how much I suck at explaining things. My point/belief, call it whatever you like: The number of variables at play in the market at any given moment are unknown, their exact weight unknown. Hence, the ...

why have you accepted the price-predictability assumption?