Hi, It is not a myth. Pardon my analogy because it has a weakness (which I explain in a moment), but think of it this way: Trading for profits successfully is a science - which can be learned like being a doctor. Now, would you trust a doctor that ...

95% failure rate?

Hi, Brokers have no sinister intentions when they widen their spreads - if they do. I used to work with different retail brokerages before prop-trading and now work with ECN based order entry platforms - which are much worse in terms of widening ...

Why do spreads become so large when news is released?

Hi Shadowninja - The quick answer is: have a mobile with the phone number of your broker(s), or better, a PDA/Blackberry in order to take action. To give a little more comprehensive answer, I will tell you my considerations (from years back): ...

A scenario... what's your plan of action?

ES Trader, What is the basis of the "relative strength" calculation in your indicator please? I.e. what is the zero line and the deviations from it by the currencies? Thanks in advance. regards daytrading

Trading system using relative strength

Thank you Vantage for a good conversation. All the best for your trading. Have a great weekend. regards daytrading

Higher low, lower high system

This should be it.

Higher low, lower high system

Hi Mapuche, The indicator is called "Custom Candle" - search in FF thats where its from. Unfortunately, I cannot remember the thread. regards daytrading

Higher low, lower high system

Thanks, Andy - Had a look but sorry to say, never seen it. Its not interesting either tbh. All the best, regards daytrading

Higher low, lower high system

Vantage, please enlighten me: never heard of it!? regards daytrading

Higher low, lower high system

Hi Vantage, I took the eur/usd but I also post where the cable entry would have been, had I chosen it. You enter on retrace, while I enter on breakout..... regards daytrading

Higher low, lower high system

Hi Vantage, I can see what you are stating makes sense. It is the concept everyone seems to struggle with to some degree: Having a relative small risk at the point of entry - but wanting to gain as much as possible, should the move develop into ...

Higher low, lower high system

Hi Vantage, Thank very much for the explanation. I see you are using a mov. avg. similar to what I am using - although I use it on the H1 time frame. Would it be an idea to use your 5ema(3shift) as an exit point once the price closes on the other ...

Higher low, lower high system

Hi Vantage, Thank you for your comprehensive answer. Yes, I have had many traders on my couch over the past decade, hahaha.....being a couch patient the 10 years before that myself. Since you have been using the method, how do you aproach the profit ...

Higher low, lower high system

Hi Vantage, I have a few questions if you allow me. My own method has similarities, although I use no indicators as such and results are more driven by money management and position sizing. What are your average ratios (let's say per month for ...

Higher low, lower high system

Houdini, Excellent post. I have been a great believer in (market) psychology and its effects on traders, specifically how they operate in an environment of increased risk taking. After 20 years of trading - and for a good portion of the early years ...

Who Manages Risk Anymore?

Hi, Vanilla is the simplest type of option (put/call = right - but no obligation - to buy or to sell at strike) At expiry, if the strike price is within reach of the market price, one side of the option trade will try to protect the price, while the ...

FX OPTION Expiry

Break-out strategies overall provide decent low-risk setups - I would not limit myself to inside bars though. Inside bars usually show indecision in the market; when they break to one side or another, it does not mean that there is suddenly a ...

The DIBS Method... No Free Lunch continues

Thank you

No Brainer Trades

could be a long way down...

No Brainer Trades

short spread from +0.2% slightly in the money regards

Hedge trading spieler system derived from futures spread trading