This can happen at any time, and sometimes it does. This is what I call an "event". Price action consists of repeatable patterns, events, and noise. Tech traders trade repeatable patterns. You will never know ahead of time about most events, because ...

Super Patterns

Great article and insight, NFX! I don't really see how a broker can not be a bucket shop. They can't run to interbank with every mini-lot order they get. See "Hi Trading Room" thread for more on this.

Forex Trading In The Bucket Shops

A trader can learn to recognize and trade chart patterns, and this may be the best way to quickly recognise opportunities. If you want to think it through and figure out why it's happening each time, go ahead if that works for you. The patterns are ...

Super Patterns

I've been trading currencies full time for 13 months and am not yet consistently profitable, but I'm very, very close, and have made money 5 of the last 6 trading days. I average 2 to 4 trades per day off the 4H to 15M charts. I'll go lower to tune ...

Years vs Methodology...

"Keep away from people who try to belittle your ambitions. Small people always do that, but the really great make you feel that you, too, can become great." ~Mark Twain

Words of Philosophy & Psychology---

UNLESS it is the big move. MA crosses are a trend following system. With this type of system you will be in the market most or all of the time, and will have a high percentage of losing trades (ranging market). However, you will always catch the big ...

Bash that system!!!

I don't know what stage of learning you are at, but here's my advice: 1. If you haven't taken a trading course, buy one that has good ratings. 2. Money management: a. plan the trade b. see where the logical place is to put the stop c. calculate the ...

How I blew up my account in 3 weeks

The best thing you can do right now is ask yourself what you learned for the money. If you REALLY learned these lessons, can apply them in the future so as to not make the same mistakes again, and can move forward and keep learning, then it was ...

How I blew up my account in 3 weeks

Great online book — Wow, this is a good book (so far).

Trading strategy

Of course he is. But it only applies to others, not you, right? You know what really spells it out clearly to me is when I confide, open up, admit I'm wrong, show a weakness, etc., then someone uses it against me. That has always told me all I ...

Psychology is nothing

Oh, well, gee, I guess you got me. You're right. Half a line, from who-knows-when, out of context, while ignoring even the rest of the post it was in.... What you've proven is that you can search someone's journal, which they probably started ...

Psychology is nothing

Emotion (at bay) — OH MY GOD!!!! Geez I just HAAAAAAD to take that long signal on the pound, holy shizit!!! Dang, I had 15 pips in the bag for the day, main account up 0.6% and just lost 27 pips. Cripe. (Good thing I held to my rule and took ...

Psychology is nothing

I agree. That's the whole reason this thread started. I was tired of being told it was just in my head.

Psychology is nothing

Edison I can relate to. Ford, well, we really do have to think this way, but I take exception to the old, "you can do anything if you put your mind to it". I could never have been an olympic gymnast, no matter what. I'm tall. End of story. For that ...

Psychology is nothing

ubeee's quotes are from 1984, temp. The book, that is, not the year.

Psychology is nothing

OK Please see url It's not a long thread. I understand. But when you KNOW, then it becomes like a reflex. I believe a person can be rational enough to trade properly if they know what to do. Put gas in the car. Get out of this trade now, don't ...

Psychology is nothing

The title of the thread was over the top, I admit that. I've said that psychology comes into play until you learn technique, then it is a non-issue. And that varies, I'm sure. I want to trade right now, but I have a nice profit for the day, and it's ...

Psychology is nothing

This is an assumption as to why they performed differently. (As for the existence of a "perfect" system, we'll let that argument alone). To know why results differed, one would have to analyze the trades of each individual until a pattern emerged. ...

Psychology is nothing

"Now I've got a raging clue!"

Psychology is nothing

Thank you very much, Gene. (I hope I remember your name right). It's been a journey, you're a part of it, and you probably helped more than I realized at the time.

Psychology is nothing