Excellent point. Without wishing to sound too condescending, I would guess that the vast majority of folk here have little idea as to the relationship that exists between sample size and statistical confidence. Interestingly, here's a quote from one ...

First-Strike & One-Night-Stand users, show yourself and your mods, if you dare!!!

Previous anomaly in "$500 to $150k challenge" — I followed Joel's "$500 to $150k challenge" for the first 32 weeks, and created an XLS (attached) to tabulate the results. What puzzled me was that (at that point) the raw pip count was ...

First-Strike & One-Night-Stand users, show yourself and your mods, if you dare!!!

Here's a link to Mr Bulkowski's web site. It includes a significant of the patterns described in his encyclopedia. I'm not sure to what extent that the probabilities quoted apply specifically to forex (as opposed to stocks, commodities, etc). Also, ...

Real - Trading for a living

Yes, just like with every other technical tool it's a case of taking the time and effort to learn how to use it effectively. But, human nature being what it is, people want textbook solutions that are instant, simplistic, and work perfectly every ...

True support and resistance?

Db3, welcome to the forum. Simple answer to your question ("is MT4 designed for this?") is no. MT4 has a number of predefined objects and line studies that you can drag onto your charts using predefined mouse clicks. You can use the MQL4 programming ...

drawing tools and mouse clicks

Hct, thanks for the feedback. Three highly rated methods are James16, BillyRayValentine and Jacko. The PDF file attached to post #1 in the BRV thread is a very illuminating read. Of course there are probably other profitable methods here, but I ...

Real - Trading for a living

This topic (effectively “Are markets random?”) has been addressed many times. Some time ago I posted my thoughts here. What intrigues me is the wide diversity of opinions at FF....... -- On the one hand, we have those who believe that it’s possible ...

TA self fullfilled prophecies... what a joke.

The Dean Malone EASY trading system looks very similar to the Synergy system that was also being provided (for FREE) by CompassFX, a few months ago. Lots more info and downloads in this thread. It's amazing what you can find on FF by using the ...

1000+ MT4 Indicators :)

Directxxx, the link mentioned by Opie is a very good one. In particular read the posts by Topherhk88 (#53,#72) and Gaston (#55,#73). I can relate very comfortably with the points that they make. Here’s another good thread, along similar lines. The ...

The Penny Drops

Nicely put; anybody who's read my rants over several months will know that I agree 101% with everything that you're saying here. However, it's occurred to me that, while I use the term "MM" to reflect the the size and method (fixed frac, fixed ...

Pattern recognition...

I was wondering if it is possible to export objexts that have been drawn on a chart? And then ideally if an indicator could then draw them on a chart. For example I have drawn some support and resistance lines, labels, and fibos on a chart and would ...

FFcal - Plot News indicator

Xmas gift — Attached is the complete FF calendar of news events for the years 2006, 2007 and 2008. Unzip the file into the folder where you first installed Plot_News. Then follow the instructions in the "Calendar Archive" section in post ...

FFcal - Plot News indicator

Jack, nice analysis and trade. The blue fibo on my chart, between points 1 & 2, is the same one you drew back in post #54. At point 3 we have a strong rejection candle (“pin bar” in James16 speak) at approx 61.8 retrace, as you point out. This also ...

Why Fibonacci Retracements are Bullocks

Very true - puts every methodological (and other) concept into its proper perspective. Just to contribute something to the thread (although I generally dislike cliches, as they tend to oversimplify): Trading is ultimately about dealing with ...

Advice Only. 1 Liners Concise.

I think they are an effective way of summarizing price, and filtering out noise (see post #2 in this thread). Obviously you lose the ability for a 'traditional' time/price analysis (e.g. WD Gann), if you restrict yourself to the P&F blocks only; ...

Trading with "Point And Figure"

Thanks Fry, I suddenly realized that, and amended my post at the same time you were posting.

Trading with "Point And Figure"

I haven't looked at P&F charts since I traded stocks a good few years back, but if I recall correctly, the highs and lows on the P&F blocks are supposed to match the price highs and lows. At first glance, that doesn't appear to be the case in the ...

Trading with "Point And Figure"

Yes, we are in agreement. Expectancy is the product of RR and win rate.

Risk to reward vs Expected Value

Yes, you are talking about what has been variously termed 'expectancy', 'edge', or 'profit factor', i.e. the product of win rate and average win/loss size (RR). This ultimately equates to 'dollars won divided by dollars lost', which I believe is the ...

Risk to reward vs Expected Value

Thanks Zkf, I'm having a rest from both trading an programming over the holiday break. But it's back to some serious work next week, and I'll leave the forum alone again. My path to improvement (as a trader) has been to take proven methods (e.g. ...

Real - Trading for a living