hey! don't diss oanda! They've been good to me

so this is the great Onada?

I COMPLETELY agree. Whenever I hear people saying you must trade EMOTIONLESS to succeed, it's like saying you must be a robot when you trade which is completely rubbish We are beings that are endowed with emotions to guide our lives. It's only when ...

Controlling Emotions is Not the Goal of Trading Psychology

you can try using Commitment of Traders report. It deals with futures but the forex spot market follows it to some degree. You can guage buyers and sellers sentiment by the amount of open interest they have..but it's more to this though

Why doesn't volume work as an indicator in Forex?

don't be intimidated. All you need in forex to be successful is basic 8th grade math, patience, and determination. This is why ANYBODY can trade. Just spend time looking back at historical charts and think about concepts that seems to recur over and ...

Intimidated by the Charts

OMG, i was about to call them about that. I had long AUDUSD and GBPJPY that ended with break even. In the p/l secntion i ended up with negative. I also would rethink when i'm ready to fund big time. Cause 1 pip in teh future might worth few bucks ...

Weird Plobrem.. be careful

i don't really see why anybody would share their own self made system. I came up with a system that took about a year to put together. All that work and note taking and having to put it on a nice thread is just redundant. What's worse is people who ...

What is ur motive sharing ur system?

I agree with some of you that's why I actually like the profit factor formula because it takes away the effect of breakeven trades. Even though I think it's a good indication of trader's skill to limit losses, I feel that a breakeven shouldn't ...

How to account BE trades

trade for fun??? whatever happen to going outside and play some football

Is it possible to trade 2-5 times a day, everyday?

that's the question i have, how?

How to account BE trades

Ok so you're saying i should ignore them? So if i took 100 trades and 20 are breakeven, then in my calculation i should use 80 trades total for my expectancy??

How to account BE trades

Exiting plays with our basic feelings of fear and greed, so it's hard to control them. One thing that really helps me out is to follow my exit plans (if you don't have one, make one, at least a general one for discretionary traders). And think long ...

Exits: Our worst enemy

i don't think it's possible. Your broker will find out that you made too much money and close your account before you even reach your goal.

100$ -->100,000$ (period: 12 months)

mine is similar but i'm more aggresive. Once price closes beyond S/R wait for anohter close beyond the high/low of previous candle (aka, similar to orangeroshan's 1st method..anybody still remember that? hehe)

Best definition of a breakout?

I wait until my S/L is hit. When I set a S/L it's meants to be a point where I figure that I am wrong in my bias. It's a risk amount that I have determined prior to entering a trade. It may take a while for it to move to profit or hitting the S/L ...

How soon after you put on a trade do you expect to be "in the money"?

trading is never unhealthy...but excessive greed and fear are

is trading good for your health?

I've been trading with Oanda for close to a year. I trade on the daily and although Oanda widen their spreads during news time, it never affected me. I think S/L of anything less than 50 pips are what I call intrady s/l. If you consider yourself a ...

MICRO-LOT broker you already used/will choose,Oanda,FxSol,InterbankFx,FXDD,EFX,other?

it's a relative question that depends on you expectations when trading forex. Do you want 100% return every year? or are you satisfied with beating the S&P 500?? As long as you're making money, i say it meets the minimum need of why we trade in the ...

Is this a satisfatory setup?

I just need a clarification on the COT reports. So example there's a net long in GBP futures, does that mean that the forex GBP goes down (assuming)???

Daily COT??