In your example the bar's body is within the other bar's body. Is the signal false or weaker if the outside bar is a doji? What if the inside bar is a doji? With the inside bar you posted I would be focussed more on the fact that the outside bar is ...

Inside Bar Breakout: Having trouble identifying good ones

It's easy to report success and much harder to admit defeat. Even if trading is not for you, there's plenty of other ways to get financially independent. It's extremely hard to succeed doing something that you are not psychologically suited for. ...

Time to call it quits

Thanks for the detailed explanation. However, it seems you explained how to build a system that tries to predict the "next move" by finding a connection between previous moves and time. Furthermore, you tell me to calculate "the standard deviation" ...

Trying to calculate the probability of an indicator being correct

I'd be willing to search for fundamental data connections between currency, it's just such a massive amount of work and I have no idea where to start. Obvious stuff like interest rates, debt, unemployment only gets you so far. Also, forex markets ...

Anyone here interested in producing fundamental price models?

Interesting. How do we translate a USD/JPY Resistance/Support to a EURUSD Resistance/Support, though? Purely by looking at the chart or is there a way to calculate it?

Why do indicators not work/work? Why is Forex not truly random?

That's just the percentage of the current sample. My question is how to calculate the standard deviations assuming different signal accuracy. So how much chance I have of the signal being 80% accurate, 70% accurate, 60% accurate, etc. I already know ...

Trying to calculate the probability of an indicator being correct

Thanks alot for the reply. I'm kinda late with replying, been very busy with Custos' suggestion to look at setups to see if my setups were profitable in the past. You assumed that me giving up on technical indicators was due to loss or failure, this ...

Exactly how conservative should I be as a beginning trader?

Currently it seems to be slugging along (long period of ranging, although it did trend up in the beginning). Will you be looking to short when PA indicates a reversal? Or for long when it shows resistance has turned into support? I'm currently only ...

Exactly how conservative should I be as a beginning trader?

Thanks man, I'll be sure to read those posts. Been busy only analyzing a single setup (pinocchio's) without fibs/etc. Just determining R:R using support/resistance. Allows me to go through the chart quicker aswell as showing me what is neccisary and ...

Exactly how conservative should I be as a beginning trader?

Yea, exactly. It is alot of hard work. I was hoping to avoid that, but deep down I know that I have to look over several years of charts manually (making sure I don't see the outcome before I've made a "decision") in order to come as close as ...

Exactly how conservative should I be as a beginning trader?

Most of this was derived from various books. I just combined parts that made sense. I guess the suggestion to look over a chart from the last year and see if the setups were profitable is a very good one. I'll be sure to do that. I just have alot of ...

Exactly how conservative should I be as a beginning trader?

In general it's just plain stupidity: Long 1: 1.50 10 SL. Long 2: 1.50 No SL (Will hedge at 10 pips loss). Price moves to 1.40 Long 1 closes: realized loss: 10). Long 2: Price is "locked" for hedge, 10 pips unrealized loss. Price moves to 1.5 again. ...

No SL No Leverage Strategy - working so far

If anything Hanover, I was on the fence thinking "I've an idea what this guy is on about, but wouldn't it just double the spread?" and you perfectly articulated what exactly is wrong about this kind of hedging.

No SL No Leverage Strategy - working so far

We are not talking about a pip or 2 in difference. It's something like 1M bars with only open or close. Spikes are eliminated, any movement from open to close is eliminated. You can still generate decent data in say 1H, but testing 1M or 5M is just ...

Backtesting with bad data. What am I doing wrong?

Afaik MBT's TOS states they have no conflict of interest with clients and therefore don't really give a shit if you win or lose. If anything they will be happy with winning traders because those will pay more spread due to growing accounts instead ...

MB Trading Futures - Introduction

Both have shitty inaccurate data, unless you are testing on 1m data. To test accurately in small timeframes you need to use tick data which is one heck of a pain to get working. Do this: Open an MT4 account with any broker (you can also use an ...

Backtesting with bad data. What am I doing wrong?