I completely agree. I don't think anyone should ever close a position based on ATR, trending or not.

Naked Cable

Yes, that's exactly what I'm saying. I guess it's not so much me saying it as it is the statistics doing the talking. I am more likely to use it in this scenario: The market has moved 100 pips up and I want to go long but I know that on average, ...

Naked Cable

I have a lot of questions about your post. If you don't want to discuss this let me know and I'll crawl back in my cave. Since you stated that you don't bet the farm, how does 400:1 leverage make you a better trader than if you were 200:1?

Scaling: In/Out. Winning/Losing

I'm not sure that you can infer much from that data. I believe the author added standard deviations in an effort to make a binary random generator have dimension such as open, close, high , low. By doing so the results would resemble a bar chart. I ...

Flip The Coin System

By definition, the daily ATR covers a 24 hour period. Given a statistically significant sample size I don't see how there could be a variance between results employing different start/end times.

Naked Cable

Bad data? I'm not sure where you're coming from here. The current daily GBPUSD ATR is 137 pips. If the 1.8 ATR bucket is 1.75 to 1.85 then that leaves a range of 102 to 116 pips. Surely our daily candles don't disagree by more than 14 pips!

Naked Cable

Yeah, a little aggressive but I don't mind. I wish more people were challenged on the information they sling around. I have done studies on various pairs and without fail, the daily move came out to be 0.8 ATR when placed in incremental buckets of ...

Naked Cable

The most probably move on the GBPUSD on a daily basis is 0.8 ATR. Currently that woudl be about 118 pips from top to bottom.

Naked Cable

Leverage is way overrated if you trade responsibly. It's not something a good trader thinks about. Here's an example: Let's say you risk 3% of your $10,000 account on a position and that you use stoplosses. You have 97% of your account in cash and ...

Is Forex trading a game?

I have that book too. It's not the first book I would buy on trading but if you're serious about developing strategies it is a worthwhile study.

Flip The Coin System

I actually corresponded with him a couple times. He's a pretty cool dude. He said that he taught technical analysis to some college students and after they thought they had everything figured out he showed them this and blew thier minds. Playing ...

Flip The Coin System

Here's an excel spreadsheet that might do the job. It has to be posted as a zip since FF doesn't allow excel.

Flip The Coin System

Yeah, I've been to a bank before and the "rate" was quote as a function of another variable such as time or a sum of money. If someone says the rate is $5 I would like to know in relation to what? $5 per $1000, per $100,000? I thought it was a ...

Major Pair Interest Rate

Try this site for pivot points.

Pivot Points

Here is an excerpt from a document I wrote on margin: Margin Call: A margin call is a dire situation where your account balance has dropped to the level of your initial margin deposit. Large traders in good standing may receive a phone call ...

Calculate Margin Call Price

A strong currency allows its citizens to purchase more goods. If that country is a net importer of products (like the US) that will have an adverse effect on an already negative trade balance.

Trade balances and local currencies

What size contracts are you using to calculate these rates? Why do you always pay more than you receive? Why does Oanda calculate rates differently than other brokers? Does that work in your favor or theirs?

Major Pair Interest Rate

I was wondering how long it would take for someone to draw a trendline from 1974. It wasn't a matter of "if," just a matter of "who."

USD/CAD Trading Room

That's an interesting idea. I've never thought about something like that.

EUR/GBP Trading Room

Interesting hidden divergence setting up on this chart.

EUR/GBP Trading Room