wow - someone is a bit grumpy - you missed my whole point - I must have hit a nerve. The premise of the original posting was a graph that showed back-testing results. The same types of graphs you see in all the ads on the net for how to make ...

actual backtesting

The answer is simple - the markets never trade the same way for long periods of time - a data series that worked once, may not work again. People (especially newer traders) severely underestimate how important experience and feel are to success - it ...

actual backtesting

Back-testing = path to poor house Sorry, hate to be blunt - time in front of the screens and experience is only way I know to figure out what works vs what does not.

actual backtesting

Short-Term Reversal Levels — While I do not do too much intra-day trading, when the conditions permit (as they have lately) I will not be too shy about making a scalp here and there. Regardless, even if you are doing some longer-term trades, ...

Quick Notes From The FX Desk

Mind Your S&P's — Good morning folks. Equity markets worldwide remain under pressure and that is likely to keep our markets under pressure as we head towards the NY opening. It will be pretty key today to watch the S&P 500 as that action ...

Quick Notes From The FX Desk

Down again.... — Weak S&P 500 will keep pressure on EUR/USD despite overnight bounce. url However, it is possible that short-term bottom is in place for S&P's - frankly though, I am flat and happy to be so as this market is getting a bit too ...

Quick Notes From The FX Desk

EUR/USD - getting that uneasy feeling — A second re-test of the October 10th low at 839.80 is appearing more likely. As was noted in this letter a couple of weeks back, the previous two data points historically that likely mimic the current ...

Quick Notes From The FX Desk

24-Hour Forecast — Just my general thoughts and forecast for the next 24-hours and slightly beyond.

Quick Notes From The FX Desk

The Holosynch CD's - can you listen while working at your screens or do they require you to be seated in a relaxed positions with eyes closed? A few of you here have said they are great, what specifically is/was good about them? There are 3 CD's for ...

Meditation & Trading?

Thanks - given the range intra-day lately however, scalpers/hit & run traders can look to be short as long as prices do not exceed 1.2850 as I believe the rally has run the course for now (wave 1 of 5 is in place) - support levels seen at ...

Quick Notes From The FX Desk

EUR/USD Bullish Forecast — The sell-off over the last 24-hours in EUR/USD was deep, but not one that violated any standard EW rules for pull-backs. Granted, if you were long you would have needed wide stops to test ones forecast for support at ...

Quick Notes From The FX Desk

that is what it is IMHO - I spent a few months trying to get my head 'straight' but in the end I had the order reversed - you cannot tell your head to overlook the natural fight or flight responses until there is compelling evidence to do so.

Meditation & Trading?

While I agree that meditation can certainly have a positive impact on trading and other factors of life, for me it really boiled down to lack of confidence way back when (1994) when I first started prop trading. I was scared to enter trades because ...

Meditation & Trading?

sorry about that - url

Quick Notes From The FX Desk

Quick Notes From The FX Desk — While markets and the economy may still experience a long period os sideways consolidation and perhaps another nasty surprise, by and large, I believe that most of the damage has been done. This is not to say ...

Quick Notes From The FX Desk

Merlin, Not sure else how to track you down - now that you are retired and likely eating dinner at 3:30-4 PM each day and tucked in by 7:30 PM At any rate, I had a question for you - would be good enough to shoot me an email - you know my email ...

Wall Street close watch

Andrew Krieger, former trader at Bankers Trust & Christian Siva-Jothy, former head of proprietary trading at Goldman Sachs I would mention Bill Lipschutz but someone already correctly did Those are the ones that have the limelight, many others out ...

Name just ONE successful forex trader...

Schumer is an idiot regardless of what he is talking about (wait, most politicians are) and Bernanke is simply inheriting the mess from Greenspan - which of course will ultimately be what he is remembered for - complete incompetence. I have held ...

Helicopter Ben to the rescue!

Flint, while that may be true, if I am following 10 pairs across 3 times frames that is 30 charts open at once - that makes no sense as it is a huge drain on system resources. I like the DT software for sure, from an analysis standpoint, but the ...

Dynamic Trading Software - Questions?