How we wish it was true.

Higher Edge within a Single Candlestick

There's no such thing as "expected traveled distance (imbalance of number of reds and blacks,...) with random, gamblers fallacy right there. Spot on. What's worse is to cast this believe that some secret money management will somehow ...

Higher Edge within a Single Candlestick

".....those talking about secret systems or EAs will not be entertained....." Your supposed client financiers are looking for profits or out to steal the golden goose ? Why would any trader who's capable of raking in 400pips for 3months from 2pairs ...

Risk-free capital for 1-year + experienced traders-cum-coders

The rules for the correlations must make logical sense, not a shot in the dark type of model. The result and observed price behaviour confirm the basis of the rules that makes it have real predictive power, not just the positive statistical results ...

A quantitative approach to trading Forex and Forex Derivatives

So what made so many traders believe drawing horizontal and angled lines on their charts giving them fancy names support and resistance or supply and demand that they become one, watching jap candles form give them an edge over the market ? Why ...

forex why traders lose

Another great post that I keep for future reference. That million dollar question, imagine from the perspective of the day trader, this group expresses confidence they're on the alpha trail. I'm missing a lot don't I ?

The trend is not your friend...

The third is levels. You'll also be doomed if you fight battles anywhere, everywhere.

The trend is not your friend...

I love your music. I love this post even more. Next time I'll just reference to this post to explain stuff.

Drawdown: how does it affect your trading and account

IF there exist such a universal system that anyone can use it successfully, it has to be highly mechanical in nature with very little room for discretion, simple enough for the average joe trader to understand the concepts behind the system, and so ...

The Trader's Academy - by Traders for Traders

Cat described it nicely. For me, it's direction, momentum and s/r levels - It took years of chart time before they came together, levels is the most difficult. Still learning new things every single day.

The Trader's Academy - by Traders for Traders

Wouldn't it count as a pullback when price touches the bottom of the keltner channel where you took profit for a long trade entry towards the target of the end-of-trend move ? I didn't take that trade but just asking looking at your chart.

The Trader's Academy - by Traders for Traders

Excellent example ! That's the proper way to trade a reversal when they show up.

The Trader's Academy - by Traders for Traders

I think the word trend and momentum is used interchangeably. Trend is the general direction of the market(depending on timeframe) and momentum is the continuous strength measure of any sequence of price movement - it could be trend or pullbacks or ...

The Trader's Academy - by Traders for Traders

That's what I've learned that ff is a fun place that provides great entertainment especially the occasional altercation.

(binned per thread starter’s request) What have you learnt since

I agree all successful traders possess this must have steely will coupled with the ability to learn. Yet even with this right ingredients, success is not guaranteed, after paying such a high cost without which it makes the task closer to impossible. ...

The Trader's Academy - by Traders for Traders

That's why many traders lose because simple as it sounds that's no easy task that any tom, dick or harry can do and few care to admit it's beyond their reach.

Wanna know why a majority of traders lose?

I am risk averse. I take the 100pips gain with no risk. I won't gamble that 100pips gain for a possible 200pips gain and risk of zero gain because I have no edge flipping the coin - it's pure gamble. I accept the 100pips loss. Again I won't gamble ...

What would you do - Sweet possibility v.s. Bitter certainty?

The biggest problem I have is to be at the computer, at the right pair, when the setup occurs. It still remains somewhat a problem with the market going 24/5.

Post your Trading Mistake and How you overcame it

Take for instance intraday traders who have small sl say 5-20pips. A red news can cause slippage in the order of 30-100+ pips depending on the nature of the news. This will cause significant gain/loss in an instant at the news release point. That's ...

News Avoidance

Those who have given up that much, voluntarily or otherwise, are much more in the position to go that extra more miles to do stuff that their contemporaries will not or deem them impossible, insane....you certainly have the enviable upperhand.

Do you find it hard to stay motivated?