Myth — Here's one you hear once in awhile, not too often on FF: "If a trader is not trading a system profitably, it's because he isn't following the rules". In every one of the many hundreds of cases I've seen, this is absolute horse manure! ...

Much of What You Know About 4X is Wrong!

Hi Ian, Just out of curiosity, was your Interbank feed down (no connection) during the beginning of the GU move on Friday? Mine was off from 10:10 to 11:10 GMT. I didn't want to trade with a gap in the data, and didn't want to chase the move. Oh ...

iandekoker's 5 profit target trades

OK, so if I took someone off the street that had a perfect mindset, let's just say that person was the most sane person on earth, totally in control of emotions, totally disciplined, but has never seen the first word about trading. From what you ...

Psychology is nothing

I think "evil scientist" works just fine, you can't say it any better than that. Ethics and intelligence are two different things, often not related.

Psychology is nothing

Non-programmers don't understand. A buddy wanted an EA that would "go long when ADX went up, get out when it goes down". I had him fill out a detailed form that asked all the questions, to try to get a definition. All I still got was "goes up" "goes ...

Have strategy -- Need EA programmed

I was talking to a professional trader a few weeks ago, a good friend. Told him I was about at my wits end. He tried to help. He referred me back to something he'd taught me awhile back, his "bread and butter" system. I told him I tried, and ...

Psychology is nothing

The thing that brought this whole thing on is that, after a painful year of full time Forex, things just recently seem to be starting to click. It's like, when I read something, I can say "AHA" and apply it to my trading. Or I can reject it. Until a ...

Psychology is nothing

Learn to trade, you won't need psychobabble or luck. And, you'd better get a handle on those feelings of irritation. Veiled insults are the same as lashing out.

Psychology is nothing

Pretty tricky the way that rear tire is hanging out far enough to catch the rock and drive right up it. Where is this?

FXAnalytics

Argue, debate, let's not worry about semantics. Awesome pic. Yeah, sometimes I wish I had built up my own ride, it would surely do more. But, overall it's a great Jeep, doesn't give me any surprises on the road at speed, which was, I'm sure, the ...

Psychology is nothing

Yes, no kidding. I probably would have given her a good reaming but I was kinda sick. To think my kids were in the hands of people like this was overwhelming. Glad to hear you say that the standards are high somewhere.

Psychology is nothing

What if you had 1000 computers controlling a few billion dollars, all programmed with different strategies to catch a move. As the market moved up, all started to buy at different decision points, for different reasons, using different algorithms, ...

Psychology is nothing

Back to my original point, it's not anything to wonder or argue about. Maybe I didn't say it well. Maybe folks really aren't reading the whole post. Once you understand the point, either you've experienced it and agree, or you haven't and disagree, ...

Psychology is nothing

Sounds like you got it! But keep that dictionary handy!

Psychology is nothing

I find that extremely interesting since I don't believe that mechanical systems can work, however, I know that institutions use them..... that's been a puzzler of mine since I programmed my first EA. Your experience is quite a benefit to us, FX.

Psychology is nothing

This isn't the point you were making, but it brings up an excellent point, FX. Even someone who knows how to trade, read charts, etc., could possibly be biased to the point where they only see what they want to see. Such as, when one is long, they ...

Psychology is nothing

You're right, it is past tense, but it's also present and future. Sorry to be picky, but he's trying to learn English. When someone is being patient, we say they "have patience". It's a characteristic. Past tense would be He was patient. He had ...

Psychology is nothing

Yes, thanks Ted. I guess I concede that once you know how to trade, and you have some setups you know are good, psychology would have to enter in. It could be quite tricky. How would you refine your system, or outright change it to fit a changing ...

Psychology is nothing

Yes, but you know how to trade! You have many techniques and setups that serve you well, or at least it would seem so, from reading your posts. Maybe at that point you think it is all psychology, but you're taking all your knowledge for granted. If ...

Psychology is nothing

Wow, that's great! Glad you caught that move. Interbank's feed went down for a full hour, which included the first part of the move down, so I didn't trade it. I didn't have chart data - no analysis, and didn't want to chase it, so I sat out. I ...

Psychology is nothing