Thought provoking post; many thanks Soul. David

I am going to give up this forex soon.

Also here: url David

Catalogue of symbol and arrow codes?

Attaching both the "Auto-Pivot Plotter" and "Auto-Pivot Plotter (Mid-levels)" to a chart gives both the pivots and the mid-levels. I don't have anything that both prints the label names "R1", "S1" etc AND allows variable time zone settings. But you ...

Looking for pivot indicator where i can set GMT+2

Belekas, try these as a possible starting point: http://www.forexfactory.com/showthread.php?p=1641288 The daily indicators definitely allow you to set the time zone (set StartHour to 7 for GMT+2, assuming you want pivots calculated from midnight New ...

Looking for pivot indicator where i can set GMT+2

Sorry for the belated response. Just catching up with this thread again now. Bob, many thanks for this. Will have a think about it. _________________________________________________ Jerry, there is always a 50/50 chance of heads or tails, at any ...

Is This My Holy Grail EA :D

Good luck, Bullrock......... — Good luck, Bullrock. If I understand correctly, the premise is that optimizing the TP and SL values will deliver an edge. There's an excellent post (IMHO) by Zupcon in the thread you referred to: url "I don't ...

The Coin Trade System aka Flip The Coin

Bruce, you can store and run a program (like FFcal.EXE) in any folder on your computer. The desktop is actually just another folder (it's contents are stored somewhere under the 'Windows' folder, at least it did in Win98 and earlier versions). ...

FFcal - Plot News indicator

Blue, I have no idea who he is, or how he trades MACD divergence. I was watching parts of a Camtasia presentation, and the instructor (Vic Noble) said that the trader was his most successful student (nice way to give oneself an indirect ...

Important – Why systems are profitable (or not)

Blue, apparently he is an expert at reading MACD divergence on the 1hr/4hr charts. He specializes in trading the GBPUSD, and generally makes only 4-6 trades per month. He is currently (well, at the time that the presentation was recorded) trading ...

Important – Why systems are profitable (or not)

Hi Bruce, Sorry about the delay in replying. I just noticed your posts now. Glad to hear that you've got the path correct now. Microsoft Windows is very pedantic about backslashes, punctuation, spelling, number of spaces, etc. If the path you type ...

FFcal - Plot News indicator

Magnum, thanks for sharing. You make perfect sense to me. By "system" or "methodology" I didn't mean to exclude approaches where one must wait for several ducks to line up, before pulling the trigger. I just finished watching a coaching video ...

Important – Why systems are profitable (or not)

Anyhowtrade, I agree. Being hedged means that you're net neutral, and is the same as being out of the market altogether (except that you're paying spread and possibly swap differential). Like you say, there isn't any actual profit gained. Hence the ...

The reason why 95% of new traders consistantly lose money

Freed, thanks for the kind words. If I ever do manage to trade profitably, it will be thanks to math and logic. For better or worse, I know no other way. I agree that the "Trading Systems" area is littered with a myriad of different ideas, many of ...

Important – Why systems are profitable (or not)

Blue, I suspect that there may be some mechanical traders who dispute Axiom #7 ("All profitable traders use discretion... the HG is the trader, not the system"). But I guess it's debatable as to how flexible one's approach has to be, and in exactly ...

Important – Why systems are profitable (or not)

Many thanks, Steve — Hi Steve, I was going to try to read your journal, but it’s going to take an awfully loooooong time!! Anyway, I read post #3052, to get a handle on your method, and I want you to know that you’ve helped revolutionize my ...

Steviet's Live Trades!

Steve, thanks very much for your reply, and your kind words. I will definitely take a look at your journal some time soon. Let me try to rephrase my question: during your GBPJPY hedges, you are presumably long and short equally (e.g. 1 lot each way) ...

The reason why 95% of new traders consistantly lose money

Bruce, thanks for your kind comments. No disrespect intended, but even if you send me proof of your incredible credentials, it's not going to help me establish my own edge. If you've made 693 trades without a single loss, I congratulate you. (There ...

Why do 99% of the people who wants to be traders fail?

Still doesn't make sense to me. If long and short positions are open between between the blue and green dots, the net effect is the same as staying out of the market altogther (except with the positions open, you will - at least with my broker - ...

The reason why 95% of new traders consistantly lose money

Why is hedging beneficial? — I'm sorry, but I don't understand this, i.e. how the hedge provides any kind of advantage. With equal long and short positions open simultaneously in the same pair, the two positions offset each other exactly, ...

The reason why 95% of new traders consistantly lose money