What's really a trip, though, is how you have to worry about news less and less, the longer the time frame you use. On an hourly, you better know every economic release all the way down to what the French Guiana interest rate is. On a weekly, you ...

Position Trading

BTW, MA crosses signal money losses... (I'm also a musician and it rhymes!)

The switch from hourly to daily...and the psychological ramifications...

Well, 4Xfox, I know absolutely nothing about it. If I did I'd be a millionaire and then I would not spend my time trolling these forums for help...

The switch from hourly to daily...and the psychological ramifications...

Come on, Dave is a cool Nashville dude. His method of money management works for a lot of people, just not psychotics like us!

The switch from hourly to daily...and the psychological ramifications...

Also, I'm trying to self-teach myself trading, I went to James Madison College at Michigan State University, that's where I learned Economics, then I fell from grace and became an automotive restorer. I need to succeed at something intellectual for ...

The switch from hourly to daily...and the psychological ramifications...

4xfox, That's funny, I dare you to call up Dave Ramsey and tell him you're trading forex. He'd say, "what did you do, take a stupid pill?!?!" Actually, his overall life management/money methods are good, though. It's just how you make your money. ...

The switch from hourly to daily...and the psychological ramifications...

The so-called forex "gurus", most of which cannot be named on this site because of posting rules, make their money not through forex, but through being forex gurus. Ergo, getting paid to tell you how to do something they cannot do themselves. If I ...

beginners luck?

How about that Phil Valentine?

The switch from hourly to daily...and the psychological ramifications...

Actually, I live in Murfreesboro. A little more south and a lot more laid back...

The switch from hourly to daily...and the psychological ramifications...

Euro is contending though. That's my whole point, bro. This latest EUR/JPY situation over the last couple of months is an example. I totally agree that USD still holds prominence, but Euro really is poised to make a run at that. It's just something ...

EUR and USD fighting for control...

Really, no offense, Mr. Trend! Just a joke...

The switch from hourly to daily...and the psychological ramifications...

No offense intended, just humor... — No offense at all, actually I had second thoughts about posting this, but why not... In San Fransisco "position trading" takes on a whole new meaning, right?

The switch from hourly to daily...and the psychological ramifications...

Ha ha, I guess. I don't know what that means. You're from San Fransisco and I'm from Nashville. Talk about a culture gap...

The switch from hourly to daily...and the psychological ramifications...

Witchazel, My point exactly. No matter how you try to automate this, please tell me who doubled their account with an EA? The perfect computer program would consolidate all the world's money in one account in a matter of days. This market is based ...

Backtesting Discussions - I had a 99.72% success on a strategy.

Igni, Peter is totally correct, and I've also noticed several things on short-term charts you may want to be aware of. Intra-day trading is totally dependent on the quote you're getting from your data source, whatever that may be. You may not be ...

Position Trading

Hey, Mr.Trend, Kind of off topic, but what's with the avatar switch? You went from Mr. Rogers to the Village People all at once!

The switch from hourly to daily...and the psychological ramifications...

I'm not trying to be negative at all, if you guys can get EAs to trade effectively, go for it. I'll get in on it if it looks promising. However, no computer reads the Wall Street Journal, no computer knows what people are thinking, and, believe it ...

Backtesting Discussions - I had a 99.72% success on a strategy.

You posted it, you tell me. Looks like this is leading up to something...

What is this chart program???

How long do you hold trades and how wide are your stops, usually?

Position Trading