Meedo, the Christmas is the 7th of January for the Egyptian Christians along with some other Christians in other countries... USA and Europe celebrate the Christmas on the 26th of December as far as I know....The 31st of Dec is just the new year ...

Why the markets are closed??

I agree that there is a big difference between theoritical and practical knowledge, but Dr. Tharp studied the behavior of hundreds of traders through questionnaires, 1 to 1 interviews, books written by those exact traders and so on before he created ...

Trading vs gambling

I totally agree, but in the case you are saying, you are SPECULATING that the price of the Pepsi cans is going to shoot up during summer time, so you are actually TRADING Pepsi cans and not consuming them, that's exactly what we are doing in the ...

Trading vs gambling

To my knowledge, Dr. Tharp doesn't trade at all...I got this tip from the "Market Wizards", the last interview was with Dr. Tharp, and when Shwager asked him why he don't trade, he said that he likes what he is doing (Mentoring traders, giving out ...

Trading vs gambling

Howtotradeforex, a trading system, model or strategy which doesn't produce a drawdown doesn't occur in the first place...Always keep in mind that EVERY trading system, model or strategy MUST have drawdown...You never know when or for how much ...

Show me the money!!!!

Well, I don't have a problem with the concept...If you bake well, you have a good chance of making money, but unfortunately, if you look at companies who operate businesses (We are in a business, remember), those companies achieve max. ...

Show me the money!!!!

The pair is nice, but the spread is a killer, my market maker offers it at 8 pips spread, which I can't be comfortable about, yet it is VERY volatile and can move wildly in a matter of a few hours, so with a small account equity like mine and the ...

Nardino's journal

Ya Merlin, I actually got a lot of information from the book of Dr. Tharp...This man is really great and I really admire him very much and have a huge respect towards him... I think this is what they call the Eureka Moment, if Diallist can remember ...

Trading vs gambling

Oh, and one last thing to mention as well, the cycle mentioned in the last post starts to reverse when the ones at the higher level makes real money in profits... Meaning that when the client who doesn't care to lose or win happens to win, everybody ...

Trading vs gambling

Mr. Whipple, thanks for the post, I am considering myself still a newbie in this wild market anyways, I was just transfering the thoughts of Dr. Van Tharp.. However, I don't want to dissapoint you, the brokers are not on out side, on the other hand, ...

Trading vs gambling

Now this is real human Psychology...Great post Mr. Whipple... Thanks, Nader

Toilet Hugging Trade Promises

One more thing which requires clarification....I have to admitt that I have been ignorant when I was disagreeing that scalping is eventually a bad trading methodology...I would like to completely change this opinion, scalping is eventually the same ...

Trading vs gambling

So the money today has been circulating inside the FF members That's better than going to outsiders then... Sorry to hear about the losses anybody incurred, and hope you will ride it over and recoup them back... Thanks, Nader

I got 300 pips today

Just a small paragraph to quote from "Trade Your Way To Financial Freedom" by Dr. Van Tharp...The following is a part from Chapter 11 named "The Opportunity and Cost Factors" "The Market Maker Who Gets the Bid-Ask Edge on Each Trade, But ...

Trading vs gambling

Steve, I certainly respect you for your couragious opinion...It might have been a problem that sometimes debates die actually before they are born, but I am sure that you might not want to enter a debate which might distract the topic away, or will ...

Muskets again…..

If I may ask, how can we backtest in excel tick by tick?? For example, let's say that I have a trading system which uses the 1 hour chart for setups, entries and exits, it must be backtested on tick by tick data rather than 1 hour data...The ...

Custom backtesting code

I was just about to ask the same question Thanks, Nader

Central Banks Watch

I assume that the USD fell sharply just after the 9/11, but went back to pre-9/11 levels quickly...The USD was in a downtrend anyway at that time, and the interest rate was going down anyway with a slowing economy... The times you are referring to ...

Trading vs gambling

Sure... "This time is different" "Just tell me what to buy right now" "Can you take the money I am having right now and invest it the way you think is correct" --> I witnessed this myself in which a new stock market investor here in Egypt was trying ...

Toilet Hugging Trade Promises

I haven't went deep inside the report, but here is my opinion about the supply/demand thing... An over supply does not always indicate that prices should go down...If there is an over supply in apples, it's not essential that apple prices go down, ...

Central Banks Watch