Agreed. It comes down to the definition of the coin and the rules of the experiment. A great trader could flip the coin, go long or short, and if it isn't a good trade, close it for the spread; if good, let it go. But that wouldn't really be ...

Soultrader's Clinic :)

Your post came right after mine, where I mentioned trend trading. If you're addressing me, I don't get your point, and you obviously missed mine. So I'm not sure who you are saying is "full of it".

Why trading system don't work

I remember that, and remember that he gave no data. I suppose I should look further into it. Someone posted on here that his experiment was later proven to be flawed. Statistically, if market movement were totally random, you would lose because of ...

Why trading system don't work

We've heard and accepted that two different traders can trade the same system and get different results. The only way this can happen is if the system is not totally defined, leaving some parts to trader discretion. The reason a trading system ...

Why trading system don't work

Many people give the "coin flip" quote, but I have never seen it backed up with any data. Most great traders seem to agree that knowing when not to trade, and waiting for an ideal setup are both critical. Those that aren't concerned with entry are ...

Why trading system don't work

I've lost thousands in my attempts to trade commodities, daytrade stocks, and also in options. So I had some lessons in years past, but still really wasn't committed to learning. Successful trading isn't really terribly difficult, it's just more ...

How To Turn 8K into $49.00 dollars in 4weeks!

I always use a stop. I sometimes let it get hit, sometimes not. The stop is far enough away so that normal movement will not take me out. It is far enough away to tell me I was wrong. I size my position so that if this stop is hit, I will lose a ...

When to get out of a trade

You're welcome for whatever help I've been; I didn't program it, however, so thanks for the tool goes to someone else. You can have any number of charts open while vHands is running on its one chart. Click autoscroll off and run the chart back to ...

VHands Trading Simulator

1 million people with $1000 would represent $1 billion. Leveraged, that's $100 billion. That is enough to move the market at times. Wow, wouldn't the brokers and banks take note the first couple times a million orders for 1 mini lot each came ...

Idea for trading where everyone benefits..

In the book, "Trading Chaos...", Bill Williams says: "Tick volume is the number of price changes made during a specific period. It is not the number of contracts traded. A number of studies have indicated that there is no significant difference ...

Forex volume

absolutely, you don't have to wait around for it, it's just a lot more clear when it happens faster. I believe it uses GMT of the candle, that's the only time strategy tester sees.

VHands Trading Simulator

Another good idea. I think it would be easy to create, I'll take a look when I get time, someone else will probably beat me to it, that's ok.

VHands Trading Simulator

Hi Cliff, Excellent idea, and one which should take this thread to much higher heights! I had the same experience, and Sizzler also reported the same. Well, actually he said that he was 100% good trades over a significant time period (a year if I ...

VHands Trading Simulator

Hi Soultrader, Really enjoying this thread so far. I do feel I must challenge the above statement, and would place it into the category of "things that are frequently bandied about in forex which haven't been proven and are harmful for beginners." ...

Soultrader's Clinic :)

Pro: if you're right twice and you pull the 1000, you haven't lost anything. Con: it's hard or impossible to trade well under extreme stress. If you can consider the money "gone" and have no stress over thoughts of losing $16,000 or $32,000, go for ...

A Dream Scheme... (Don't waste your time)

That's a good point. They sell the credit card debt in blocks just like they did the mortgage debt. Two differences, though. The mortgage debt was secured by the real estate, and, people had more incentive to pay the mortgage to prevent losing their ...

Signs Of A Recession: Bank Of America

Well, try it again, it's frozen again. I just opened an order and would now like to place a stop. I get the message "Trade Context is Busy". Nice. Real nice. EDIT: I just contacted them. For this particular problem, you close the platform and ...

Interbankfx platform gets frozen.

The cure for greed — I don't remember exactly when it was, but I remember my reaction the first time I read that "preservation of capital must be the primary goal". I thought something along the lines of, "Yeah, right, you wimp! Making MONEY ...

Transition from Losing to Winning

One word of caution, with a credit card or ATM card your loss is limited. I don't know how they would do it, but if someone gets your debit card and "hacks" it or whatever, they can drain your entire account and you have no recourse, the money is ...

Signs Of A Recession: Bank Of America

Good points, very good points.

Signs Of A Recession: Bank Of America