No glum outlook. That's just how markets are, nonlinear and dynamic. The people who fall into the "not this time, not again" camp typically lose.

Greenspan comments on Bank Regulation

I get that too: "Are you still trading?" or I get "So you still doin' that huh?" ...I have learned it's better to play things pretty close to the vest and understate how I'm doing. Not that I'm doing that well.

Discussing trading with non-traders

You can run windows virtualized on it, so you can run anything windows can run. url

Forex trading on the ipad??

The Tao Jones Averages by Goodspeed Advocates using and applying the wisdom of the Tao in investing and trading. The book advocates using intuition to learn how to go with the flow and sense changes; it claims choosing to opt for precision is like ...

Forex Books you would Recommend

Well I appreciate your thoughts, but you lost me on that. Personally I don't believe government should involved itself in business.... I don't care to discuss politics. After all, this thread was about opposition to regulation. At least, it started ...

Could 10:1 be the new leverage in US Forex?

Looking at the history of Wall Street several hundred years, we can see that this is nothing new or even comparatively egregious. For instance, Aaron Burr, who was Vice President wanted to start a bank but the New York city was reluctant to give him ...

Could 10:1 be the new leverage in US Forex?

I thought this was a great thread; here are a couple of recommendations: Come Into My Trading Room by Alexander Elder. Dr Elder discusses psychology, discipline, risk, organization, trends, time frames, tops and bottoms, support and resistance, ...

Forex Books you would Recommend

Multiple timeframes?? "Trends within trends"? Jesus H, what next, someone claiming if you zoom in on individual bars you'll see trends that are just as meaningful in their own right? Nothing to see here, forget this nonsense about multiple ...

A trader's edge - myth or reality?

There are a couple of ways to quantify what "money management" is. One way relates to an "account-level" view and isn't related to any decisions that involve price - like, for instance, when to take money out of the account at a certain benchmark ...

A trader's edge - myth or reality?

Post hoc ergo propter. That said, everyone has to make a living somehow.

Superstar Analysts - are these people making money?

Brokers participate with liquidity providers, banks and counterparties so your order aides in price discovery regardless of size. Quite different from options though, because there you are talking about two different instruments - a derivative and a ...

Behind Trendlines

Everyone "moves" the price, at least a little bit, when an order is filled. Moves that are sharper than others doesn't necessarily mean there are less participants, or even necessarily greater liquidity per participant, in the market.

Behind Trendlines

It's probably likely that banks are at least aware of technical levels. Whether or not they react to technical levels I can only guess...personally I just enjoy the volatility and the liquidity.

Behind Trendlines

The reason that trendlines, or anything else for that matter, "works" is because of shared transient perceptions. The vast majority of people buy because of a perception that they develop about price. Some people base their opinion on news, some on ...

Behind Trendlines

Linear regression is actually considered a "best fit" calculation, and is different from lines connecting tops or connecting bottoms....If drawing lines gives you an insight into likely turning points, by all means use the technique.

Behind Trendlines

Interesting. Clearly these two know what trading is all about and what winning traders do. They'll tell you all about it in their new book. ...By the way, on an unrelated topic, anyone know whatever happened to that guy Chuck Hays who they featured ...

Psychological Possibilities

You said, "If we have 3 buys and 1 sell we have a net long position. If the pair moves up we add another sell, thus locking in that move. " What's the difference between that and closing a position? You said, "If you have 3 buys and 3 sells and over ...

What's the point of hedging?

This is moronic. Sure, if you're trading with billions and can't even get out of your positions easily you'll promote buy and hold and won't need any leverage. But if you have little capital to start with, like a few hundred or a few thousand ...

Could 10:1 be the new leverage in US Forex?

thanks... I just found a post of yours from about a year ago where you discuss this. url I also want to add it is certainly a benefit, imho, to have access to the real market and not an artificial one. I have some experience trading stocks and ...

MB Trading Futures - Introduction

Hi Justin, Could you explain MB Trading's relationship with TD Securities a little bit? I know you're an ECN and use STP technology, but your data feed comes straight through TDFX on my eSignal platform (I presume TDFX is TD Securities). Is this a ...

MB Trading Futures - Introduction