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Xela replied Feb 4, 2012Do you feel that that particular currency-pair has characteristics which would make a system tradable on its 15-minute charts sufficiently different from other speed of charts, or currency pair, for it to be designated as "USD/JPY 15-minute system"? ...
Any USD/JPY 15 min trading systems?
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Xela replied Feb 2, 2012Why?! image You wouldn't like a system in which the risk-to-reward ratio is 1:1 and the trades entered win 75% of the time and lose 25% of the time? I do. You wouldn't like a system in which the trades win 50% of the time and lose 50% of the time ...
What is your risk reward ratio?
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Xela replied Jan 7, 2012Not at all. You have something to learn if you imagine that we'll be trading at that time of day ...

What to trade after 18:00 GMT?
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Xela replied Jan 7, 2012I've only just discovered this thread, but glad to see it back in play in 2012, anyway. Thanks for compiling it - will be looking in with interest, and wishing you good luck for the coming week.

Trading the BEST Indicator (sarcasm)
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Xela replied Dec 30, 2011I don't at all. I trade only whenever one of my two specific current set-ups appears. One of them gives me about a 62% probability of winning the same amount as I lose the other 38% of the time, and the other one gives me a 50% chance of winning ...
Predicting or forecasting the market
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Xela replied Dec 29, 2011The single biggest and most important thing that made my trading fairly consistently profitable was the eventual realization that "indicators" had no part at all to play in my trading decisions. Other factors that helped me a lot were:- (i) the ...
Loser 2 Winner - what changed?
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Xela replied Dec 29, 2011I agree with two and two-thirds of Jeremy's three points above (I'd have left out the word "Fibs", myself, from the middle point).
Strength Of Trendlines
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Xela replied Dec 26, 2011I didn't actually say that they don't work. The statement I questioned was that they're the only way to have a correct entry point, which clearly and verifiably isn't true.
For me, they work very well, with patience and discipline. Alexander ...Indicators CAN work!
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Xela replied Dec 26, 2011The only way? And the professional traders who've made their livings successfully trading forex for decades without ever using an indicator, and all the people sitting on the trading floor of Goldman Sachs and other institutions like them ... are ...
Indicators CAN work!
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Xela replied Dec 24, 2011Indicators don't "produce break-outs" at all. Buying and selling pressures, supply/demand, and human behavior produce break-outs. I'm "just saying".

The Ultimate Fallacy in Technical Analysis
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Xela replied Dec 23, 2011An absolutely fascinating experiment, this would be! Yes, indeed ... most interesting thoughts.

Indicators CAN work!
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Xela replied Dec 23, 2011I'm sorry to hear it. I was intrigued by your comments, albeit that I found their logic defeated me. I'm baffled that my questions appear, somehow to have offended you (I think?). That wasn't my intention at all, but apologies anyway, if they ...
Best informational indicators
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Xela replied Dec 23, 2011What "information" do you want them to give you, how do you want them to be helpful, if you acknowledge that they can't "predict" anything? Why would that be, Whistlepips? If neither a single indicator nor even a bunch of them are predictive of ...
Best informational indicators
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Xela replied Dec 22, 2011I don't doubt that for a moment. The potential problem with stating it that way is that it can come across, to some, as an attempted "defense of indicators", and it really isn't that at all, because prices themselves can actually indicate a trend ...
Indicators CAN work!
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Xela replied Dec 21, 2011I haven't seen people saying quite that. What I've seen (here and elsewhere) is a lot of people saying that indicators can't work reliably enough to give their user a genuine statistical edge over the market. And I'm one of the people saying that. ...
Indicators CAN work!
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Xela replied Dec 19, 2011I think only by split-testing it against random entries, duplicating all other randomised aspects of the trade, in each case, over a statistically signifcant number of theoretical trades. It must be possible (albeit not easy) to do this. It's quite ...
Edge in an automated entry?
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Xela replied Dec 19, 2011It's a way of trying to make reality fit in with expectations. "Oversold" and "overbought" are artificial concepts constructed from technical analysis parameters (particularly those raised by so-called "oscillators" like "stochastics"). These terms ...
What is the meaning of oversold or overbought ?
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Xela replied Dec 18, 2011I'm not quite sure what you mean by "trading theory", in this context. Personally, I agree with you that indicators are terribly unreliable, vastly overrrated for forex trading and generally a triumph of hope over experience. But there are certainly ...
Do you guys find that forex trading sucks?
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Xela replied Dec 18, 2011They can, and in some very dramatic ways - as many people who have tried trading unknowingly at times of major economic announcements have discovered to their cost. It's possible to trade profitably only on fundamentals. It's possible to trade ...
Fundamentals, Technical or Both?