Isn't the statistical approach that you've described here, just another pattern in the forex? How is your presentation different from the observation that the market moves between pivots or fibs? It really isn't, is it? Are you any different from ...

What I learned after losing $300,000 trading forex

You didn't understand a word I said, so you made up a bunch of accusations and assumptions about me. And then you embarrassed yourself with this post. I actually know how tier 1 banks, major hedge funds, and the federal reserve move the market. They ...

What I learned after losing $300,000 trading forex

This thread has become a typical FF presentation: CeeSo presents several common sense, well know and well understood ideas (in this case, MM, discipline, and statistical understanding of PA), and a series a arguments ensues, most unrelated to the ...

What I learned after losing $300,000 trading forex

I understand your point. But I believe you are in charge of risk:reward analysis. His observation -- or just use ATR -- gives you some targets and you enter a trade when you believe the r:r is in your favor. And yes the hit rate is meaningless if ...

What I learned after losing $300,000 trading forex

To be fair, I did say it was thin and superficial information. Let me also add incomplete. And I agree with you that the .5, .75, etc calculations are not very useful, without an explanation of why these levels exist or matter. But then again, ...

What I learned after losing $300,000 trading forex

The OP has repeatedly stated that he's not here to teach you how to trade, and I think things like what happens when the target isn't hit, falls under the category of showing how to trade. The information presented here is thin and superficial, and ...

What I learned after losing $300,000 trading forex

Well, this is the best post I've read on FF in some time. It's actually a trading topic! Start a thread and let's talk about this and swap our approach and ideas to trade. For me its waiting for trading ranges, along with suitable structure, to ...

What I learned after losing $300,000 trading forex

I stand corrected. And agree with what you just said. Trade well!

What I learned after losing $300,000 trading forex

No, random and ranging mean different things. Ranging markets are not random, meaning that there is a defined range that the market is adhering to, and knowledgeable traders a harvesting pips from one extreme to the other, until the market breaks ...

What I learned after losing $300,000 trading forex

I love your chart, but love even more your message. I'd point out than this PA is not random, the ranging area marked as break even is not random, and a good trader should capture at least all the up move, and with good money management can get the ...

What I learned after losing $300,000 trading forex

A couple of things to consider. First, you are conflating a ranging market and randomness. The fact that the market is ranging is not a sign of randomness, but of intent. Second, there are many traders that know how to trade a ranging market, and ...

What I learned after losing $300,000 trading forex

The Forex is manipulated by central banks and national treasuries, who determine currency values and acceptable trading ranges. These two entities are aided in their efforts by tier 1 banks. This is basic financial markets 101. And the kicker is, ...

What I learned after losing $300,000 trading forex

FIFO is used by all other markets, so enforcing in in FOREX brings our market into alignment with other markets.

Why is FIFO used by some brokers?

Hi fti, I've been pretty busy lately and have not been posting much on FF. Hope you are well. Just read through your recent posts...always love the music. Be well and be careful!

Technical Analysis Fallacy

You said early in your trading career. How long have you been in this career? BTW, read the first 200 pages of this thread before going any further. Here's a thought I had while reading your post. You say decisions are made by some traders depending ...

Technical Analysis Fallacy

Very tense time here in the US right now. Many people (including me) are very upset about the police killing of George Floyde. Every city must do more to root out bad cops. But 98% of cities are run (and have been run for all my life) by one ...

Technical Analysis Fallacy

Hi fti. I hope you are doing well. You are a very smart man. God bless you.

Technical Analysis Fallacy

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(binned per thread starter’s request) GEfx Trading Journal

Hi Rick, Yes I think it's important for traders to find confidence to regulate their behavior during times of market exposure. I remember struggling with this when I got started. I was fortunate to have a group of experienced traders who helped me ...

Forex is random

This is his MO. If you have a positive attitude about the forex and your trading, you are a member of the forex industry, with some mysterious link to other peoples miserly. It's bazar, and he is lying, but what can you do other than point it out. ...

Forex is random