have I called you stupid? according to my analysis the large (news induced) bar closed outside the bollinger band...price bounced a lot around 1.2980 which according to me is a support level where I buy. as you can see its largely discretionary ...I ...

Anybody here successfully trading news?

vvvvv this chart says it all...its a live chart...but then again its bullshit!

Anybody here successfully trading news?

lucky you!

Earning Consistently In Forex

there is an edge fading news spikes...I use bollinger band with 3 stdev and price levels... though occasionally you'll have ur ass handed over to you.This is the time brokers are most malevolent and will try all tricks in the books to skin you.

Anybody here successfully trading news?

spreads on some NZD pairs are atrocious up to 19 pips.FXCM now has lower spread in minor currencies.shame.

OANDA Discussion

phew! I was looking to go long! I can say this April has been very tough for me.

The Trader Behind the Trade™

lol! I was a gym fanatic once....even though I developed incredible strength and muscle size(without steroids) I could never achieve muscle definition coz of too much skin adipose fat....plus I ruined my back,damn.

The Trader Behind the Trade™

noble effort ...they can just attach their trade explorer.

Profitable Live Accounts Only

a Taiwanese research of 900k accounts showed of the big accounts (pros) 19% make money and of small account 3% make it.

95% traders go broke, only 5% survive

kudos @PipMeUp, couldn't have said it better. I also recommended reading Curtis faith book Way of the turtle. He shows how one should optimize correctly ....brilliant book.

Question for experienced trade system creators and theorists

all former subscribers woke up one day and found out they were wiped out.

Synthetic hedges, cointegration, mean reversion and similar stuff

with a micro account is good...but finding and edge is not easy,I doubt one can find an edge in such a short time. there is too much attention given to psychology and money management. As important as they are they can't make you money without an ...

Free lunch mentality

well it was a job environment I thoroughly hated so theres some relief its over and it didn't pay well for that matter. my risk profile will not change and will remain conservative.

Are you a full time trader?

just quit my job coz of an abusive boss otherwise I might have gone mad and hit him one day. I do not harbour any grandeur illusions of being a full-time trader. I'm looking for employment while trading as my account is too little to live on ....sad ...

Are you a full time trader?

we all believe we are one in a thousand. To some of us we just have to try and if it doesn't work out we'll be satisfied that we gave it our all. I think partly why I don't struggle too much in trading is coz for years I have been a constant failure ...

AHA moments in your trading career

purely mechanical trading is ultimately curve fitted and will fail in future.

AHA moments in your trading career

wow! what a difference 3 months can make.I can say I have really improved and can't recognize myself from 3 months ago.

How do you cope with losing streaks?

12 times a month average....with an expectancy of 53 cents for every 1$ risked.

How often do u trade?

I'm glad I didn't see this statistics before trading ....I would be selling my ass for profit by now lol!

The 95% of losers, it's true?