It will only be for maybe 20 days. You don't have to trade every day just trade what you see. It shouldn't be stressful if it's just a friendly competition. There's no other way to really compete since like I said anyone can get lucky with a few ...

EURUSD

Also guys this thread is supposed to be for EURUSD. Not to sound like the thread police but why not make a separate thread and we can figure out if we're gonna set up a competition or not. I think that will be more interesting than just posting ...

EURUSD

Day trading is the fairest way to do it so we both are forced to take a high volume of trades. Otherwise one of us could just get lucky with a swing trade. If you can trade you can day trade. Excuses excuses lol I actually was looking forward to a ...

EURUSD

I'll compete with you if you want. But here's the rules. We each put $100 in an Oanda account. 50:1 leverage. You can trade any instrument you want no swing trades max hold time 24 hours per trade. No trading robots. The trades have to be your own. ...

EURUSD

Exactly, COT is just a tool you can't just expect to use COT alone and trade profitably especially for dat trading. But if you combine good TA with directional bias COT can increase your profitability, in my experience at least. You can increase ...

EURUSD

No. I don't only use COT data I just use it for my long term outlook. For me the data is just additional information that I use to add to my arsenal when making trading decisions. I basically use it as a filter. I don't use it in the same way that ...

EURUSD

That's the thing though, why should I have to prove you wrong? I don't owe you anything lol I do have a thread where I post weekly analysis sometimes and it is based partially on COT but in order for me to prove you wrong I'd have to explain how I ...

EURUSD

Ok, so maybe you just choose not to use it, and that's fine. I am not getting emotional I am stating facts. Many people use COT data not just me and consider it valuable to their trading method. Who are you to say what is and what is not good ...

EURUSD

Just because you can't use it does not mean someone else can't.

EURUSD

Good on you man, I have a similar approach.

EURUSD

This is true, I cannot understate the importance of understanding each currency independently, this is a key factor in fundamental analysis...

The brutal truth of day trading

Currency strength is available to everyone all the time if you just look at the data available online. Livecharts has one for example url The problem is being able to profit from that data and also what is your definition of "strength" url url ...

The brutal truth of day trading

I am very aware that COT data is delayed, I even mentioned it in my last post, that does not make the data useless as you are assuming. Also, I do not need to show you any proof of my trades "using COT" that doesn't even make sense I don't trade ...

EURUSD

I don't get what you mean but if you have a back-tested strategy that works then it is just one trade so no big deal.

EURUSD

COT data works if you know how to use it correctly. But, it's not a holy grail, just a tool. I use it myself as a part of my fundamental analysis. You bought the high here which was a high risk trade imo. Just my 2 cents.

EURUSD

Why not just learn how to trade normally without the use of martingale. Study financial markets and learn how to trade. It will be more worth your time in the long run.

Martingale or not martingale?

There's nothing wrong with the COT data you just got in a bad trade lol

EURUSD

This tool on the myfxbook website is pretty good for giving you liquidity info. You can use this as an example of when not to be trading. url

The brutal truth of day trading

Nope. I mean, technically every order effects the market, but when we are talking about a 7 trillion dollar per day market in terms of volume your little 50 lot order is going to be like a raindrop in the ocean.

Could 50 Standard Lots move the Market?

Long term you will lose money using martingale alone..although In sure there are some big time traders that use martingale in some form profitably bit it's not as simple as the traditional method. Also do not waste your time with EA's you will just ...

Martingale or not martingale?