A 50/50 bet makes a lot of money using a 3:1 risk/reward...

Anyone using Astrology, Numerology or Divination methods for Forex?

Actually, that would work, too, if everybody did it. It would be a self-fulfilling prophecy, which is what fibonacci is...

Anyone using Astrology, Numerology or Divination methods for Forex?

"Anyone willing to accept fibonacci as a valid tool for trading cannot discard this topic so easily. Fibonacci after all is a mathematical representation of the natural order of things, the golden section of course is shown to exist from sunflowers ...

Anyone using Astrology, Numerology or Divination methods for Forex?

I use a Ouija board. I've lost over $20,000 now, but it tells me that if I keep replenishing my account I'll be a millionaire if the moon lines up with Mars and I let gypsy fourtune tellers clean my money first. The only problem is that they usually ...

Anyone using Astrology, Numerology or Divination methods for Forex?

I made some $$ this week my way too... — Cezary, I made 3.01% on my account this week, and I really like that. For a weekly percentage return, it's awesome. I think you might be trying to make like 50% a week, to which I can only say, be ...

USD/CHF

Fundamentals! — Folks, nothing moves without something moving it first, at least that's what Newton said, and he was hundreds of years beyond Fibonacci...

What is your favourite indicator and why ?

How's it working out? — Cezary, How's it working out? I used to do sh*t like that and it ate my lunch. I'm pulling for you though, brother, that's real gambling...

USD/CHF

The holy grail discovered! — For god's sake, here we go again! It's all math and the holy sh%$ grail of a chaotic Gann square of the hulabaloo of the price inverted times 5 plus the exponential 7 moving average of what oil is doing. Make sure ...

What is your favourite indicator and why ?

This market is not entirely based on data... — Okay, you all are correct that a short term technical system should work on longer term time frames, but here's where we differ- A longer term chart includes more market reaction to fundamental ...

Position Trading

Where's Mouteki? — Where's Mouteki?

Traders Needed for New Book!

It makes me wonder if the SAT scores of the people I am taking forex advice from were higher than mine, or obscenely lower...

Breakout Strategy - The Pro's Way

Hey, Twoblink, "Obscene" is spelled "obscene", not "obseen". Good God, what the Internet has done to grammar, never mind intelligence.

Breakout Strategy - The Pro's Way

Hell, maybe I'll buy 'em a Jack Daniels. That's $3.98 each.

Position Trading

Exactly, Lou, and if you actually do get a financial calculator and figure 2% per week, compounded weekly, on $1000 for 8 years, it turns out to be $3,781,563.98. I'll give Vegas and Mouteki the extra $3.98.

Position Trading

Please elaborate, that post scrambled my brains...

My method Check it Out.

Okay, here's the whole trip. You don't have to have big bucks to take a position. There are places you can go where you can trade longer time frames and still have relatively low capital. That aside, I plan to get my forex capital through forex ...

Position Trading

BTW, nothing predicts anything. Probability on correct analysis can reach 60 to 70 percent, combining technical and fundamental. Do that with at least 2 to 1 risk reward with 5% or less of your account and let it compound. You will be wrong ...

USD/CHF

I'm going to bet 33% of my account on that! I just read about money management and I need to back off of betting 100%. I've replenished it 8 times now...

USD/CHF

I like it! I risked half my account once and lost, got dissillusioned and left forex for years! Now I'm back with a whole different idea about the thing, because I bought a financial calculator and discovered compound interest! If Ceazary is right ...

USD/CHF

What I've actually been getting okay returns out of lately is using simple price action on daily charts, and ignoring all news except for NFP. I'll be careful this week due to FOMC, but I've been holding trades longer, getting lots bigger profits, ...

Position Trading