If all your "custom" indicators are based directly on price they will eventually fail at some point. How many "Types" of market environments do you classify? I go for the old stand by - Trend and Consolidation. The only thing I actually agree with ...

The life of a trading system on Forex Factory

Wonder if he ever thought of a career in politics. They do the same thing.

The life of a trading system on Forex Factory

Trading is fairly simple. What's difficult for most is how they attempt to get to that simplicity and that too often is through some type of painful contortion. add: Also you don't need to be hovering on the genius level. I used to drive a semi. So ...

The life of a trading system on Forex Factory

You could open a letter from your broker, in front of them, and they would say you rigged it somehow. From what I understand about the UK, almost no matter what your profession is, it's hard to pay your bills.

The life of a trading system on Forex Factory

That's because of the conventional way they are taught/used. The bands can be very profitable if one learns how to properly use them.

The life of a trading system on Forex Factory

And continuing that assumption... It should be a 12/2 and a 12/3 bollock band. Works much better.

The life of a trading system on Forex Factory

I'm going to give you credit. It shows your making profit. If it works for you all the better. Just not how I do it and who am I to discount another way if you've found your niche.

The life of a trading system on Forex Factory

I must be doing something wrong. I don't average down or use recovery. I use S/R. I have set TPs that I take profit at. Hmmm....

The life of a trading system on Forex Factory

Averaging down works in stocks if your going to buy and hold. It does not work in forex. If your trades mostly go negative from the get go you need to seriously improve your entries.

The life of a trading system on Forex Factory

It's almost the perfect "contrarian" indicator.

The life of a trading system on Forex Factory

I'd say he missed it by a bit.

The life of a trading system on Forex Factory

Maybe that's due to not everyone accepting your point of view about the market.

My theory about forex market

So! What's your point? Just because a thread is popular does NOT validate that the system is good. To me it just shows there are many wannabes out there who know absolutely nothing about trading. Any system that uses "recovery" is a failed system. ...

The life of a trading system on Forex Factory

Hey bluesteele, looks like you have another fan.

The life of a trading system on Forex Factory

What a crock. Any system that uses any type of "recovery" will fail in the end. Why don't you people just send your $ straight to me and avoid the pain of thinking you have the "perfect" system.

The life of a trading system on Forex Factory

Your observations were a genarlization of what almost every system thread goes through on this forum. I enjoyed it as it was actually very amusing. I find it very strange that some individuals felt they were being directly targeted by a this. On ...

The life of a trading system on Forex Factory

As Pips Cruiser stated 5 pm to 5 pm EST is the best. That's when the interest rate swap occurs, hence the end of the trading day. You will also find that the pivots used based on this time frame are much more accurate thatn any other 24 hour time ...

Basis of pivot point calculators

The FED really doesn't have our best interest in mind!!! — url

EurAnalysis

Not that I'm aware of. That's one of the many drawbacks with MT4.

EurAnalysis

Hmm...so what's so different from him doing that and any other two bit politician.

EurAnalysis