Absolutely. Were the price entirely random all the time, there would be no money to be made through trading, because trading always implies prediction to some extent. Were it true, money could only be made by luck, and that being the case, trading ...

We were fools to believe candlesticks can predict

The guy who wrote the article is both right and wrong. He is right that discipline is a must have for success, whatever the type of trading. He is wrong that Risk:Reward Ratio (RRR) alone is the key to success, because: RRR alone in and by itself is ...

Every indicator can be profitable?

I agree that we are not wired to take risks (as brilliantly shown by Tversky and Kahneman). Hence, taking risk/dealing with uncertainty (trading) is logically a source of psychological discomfort (cognitive dissonance). However, I think that having ...

Trading styles, are you the hunter or the hunted?

+1 blamshakk, FerruFx, and Kiads and Kiads

The Trading System That Never Works

Brilliant post mim2005. Thanks for sharing. That post summarizes very well why, I a firm believer in automation, still find that mastering discretionary trading is a goal well worth pursuing. Automated trading is a lot less demanding than ...

My progress as a full-time investor & trader

It just comes to mind, there are so many fibo levels. Maybe different fibo levels could be used in different markets conditions (range, trend, etc). The question then becomes how well are you able to recognize those market conditions in real time. ...

Is it true you should only use Fibonacci in a trending market?

It's not good or bad. It doesn't even qualify for being a system at this point. Merely a trading idea. @ OP, the stop should be placed for a technical reason. So you just need to answer the right question: What is the point at which the divergence ...

Good system but i don't know where to place stop loss

(best one I've heard in a while )

Where are big banks buying or selling?

For me there's no getting rich fast through trading. All one can do is to put in the work (leaving as little as possible to luck), still hope for a little luck, and give the account time to grow.

After years in trading, do you still believe in get-rich-fast BS?

The way I see it, if one is not consistently taking money from the market, there's very little (if anything) about trading that could possibly prick on one's conscience. Since most people lose or barely break-even trading the markets, this ...

Speculation: does it prick your conscience, too?

In my experience 50% - although not a fib - is the most important retracement level too. Brain sciences offer explanations for being so. It has to do with way our brain process information, and the way we consequently make decisions based on that ...

In your experience, which Fibonacci numbers have proved better?

Yup, forex is pretty much like being with a woman, haha

My progress as a full-time investor & trader

Ok, the post that disappeared was simple enough. Only 2 paragraphs sharing some impressions and stressing the importance of mim2005’s wealth and diversification posts. Wealth: While reading the post on wealth, I couldn’t but think of a documentary I ...

My progress as a full-time investor & trader

Hey guys, Last post resulted in unintended suspense and high expectation. Should have seen that coming. I'll get back to it given time and especially the mood. I'll just stress that it was a valuable post from my perspective. Not necessarily from ...

My progress as a full-time investor & trader

I took some time to write what I thought was a valuable post, but FF decided to 'eat' it. Oh well :/ I'll just say thanks for the great posts, mim2005. Keep them coming!

My progress as a full-time investor & trader

video

10 Things Every American Should Know About The Federal Reserve

Hi mim2005, Appreciate your kind words. Completely agree with you. Profitable EA trading is not just about finding that illusive edge. The edge must be continuously maintained. Not only that, but one edge alone is simply not enough to allow a ...

My progress as a full-time investor & trader

Great posts guys! Keep them coming This is exactly what we (me along with 2 buddies) are trying to do. We are continuously building and improving a portfolio of EAs. It's never ending work.

My progress as a full-time investor & trader

Hi mim2005, I'm very interested in hearing your views on detecting/measuring edges. Concerning your thrice used exit edge (trailing profit), I think it is the simplest and possibly the perfect exit solution in a trending market as setting a take ...

My progress as a full-time investor & trader

Animation. Hope you guys don't mind. video

Trading Cartoons and Pics