I understand what you mean by the market as a mechanism of exchange in itself being efficient, but the fact remains that humans, flawed decision-makers at so many levels, trade the markets. That said, EMH is a failed attempt at explaining behavior ...

why have you accepted the price-predictability assumption?

Simple answer. As PipMeUp (one of the few posters worth reading imo) has put it, random doesn't necessarily imply equiprobability. One would be categorizing the market as being random either due to insufficient/incomplete knowledge of the ...

why have you accepted the price-predictability assumption?

I'd put myself in this group too. All I know points to an inefficient market so there is no doubt in my mind that it is so. Random is trickier. Imho price moves with intent much like a person, so in a sense it is not random. However, to accurately ...

why have you accepted the price-predictability assumption?

Notice the classic bullish divergences on HTF (visible in your M30 chart too) indicating possible upside attempts. Also, selling CADCHF is very much like buying EURUSD which doesn't look like a sound play in terms of either technicals or ...

Trading from an Experienced and Successful FULL TIME Trader

The whole point of trading for me is to buy my freedom. That said, there's only one reason that would make me even consider a job trading for someone else other than myself - starting with insufficient capital.

career as a professional FX trader for hedge funds, banks, etc

Wow! You've just passed a general certificate of ignorance to everyone who replied here. Must be nice to be in your comfortable position of power. A position where you can construct the facts to fit your theories. A position where you have no ...

How banks push price against you?

That's right. Even if the broker screws with the trader's orders (and some wild bucket shops do!) its the trader's fault. There are many brokers to choose from.

How banks push price against you?

I think, and just confirmed on your profile, you're not into trading for very long. Everything seems like a big novelty/discovery to you. Nothing wrong with that in the sense that you're learning, but your time surely could be spent more ...

Predicting the EUR/USD by using Currency Correlations

The way I see it money can be made with or without using stop losses, but the real pros definitely use stop losses.

Real Fx traders do not use stoploss

Like most I'm on the undercapitalized side so atm I work with a 20% max draw down. Anything above that would be enough to put me in a very uncomfortable place. If I had the funds my dd cap would be 10%.

What % is a good max drawdown?

Manual or automated both can work and both can fail, so ultimately it's up to the trader. For me at present it's a lot of automation and a little manual. In the future I would like to balance both approaches, but that may take some time as it ...

Manual Trading vs Automatic Trading - Suggestions?

Automated - Bots average about 300 trades per month. Manual - Very little. I see no point in trading anything else but very high probability opportunities, and these are not frequent.

How often do u trade?

At first it was more the lack of a proven edge. At present it's more undercapitalization.

Strange Question - What is your biggest frustration in trading?

Lovely posts usalchemist Keep them coming cause we all love specifics.

is Averaging Down Profitable?

Hi Gambler180, What is the source of these charts? Thanks in advance. Regards, vox EDIT: Found it. Happens I had it bookmarked.

Long term fundamental trading

Yeah they do... with ~71% Cowboy Draw Downs EDIT: Ofc the link is dead LOL YEEEH AWWW ~71% DD

NV Trader is not credible (Ex-Institutional Trader)

Possibly the only way to infer a trading system is truly profitable is when you are making bank and your broker changes the rules of the game in order to make that system untradeable.

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