Never heard of such a case before. Virtually every trading forum on the Internet (stocks, futures or Forex) has a section called "Trading Journal", where traders can freely post live or delayed calls (with or without charts or explanations it does ...

Trading Made Simple

Hi Lca: Posting live trades (calls) in a public forum and giving investment advice are two different things. If I say "IBM is going up so borrow some money from the bank and buy as many shares as you can" I am clearly giving people an investment ...

Trading Made Simple

Dear Lord, terribly sorry to hear that! Thank you for your reply, Turnip.

Trading Made Simple

Hi Eelfranz: Let me guess, it was the famous (or infamous should I say) "green arrow, red arrow" software sold for 4K via infomercials and live presentations in major US cities ?

Trading Made Simple

That's exactly how the famous Turtles made hundreds of millions: they trend-followed dozen and dozen of different financial instruments and all they needed was two or three mega trends a year to earn tons of cash.

Are there any successful Traders in Forex Factory?

No quite Chicky. Here is a "system" with a 99% winning rate: buy or sell short randomly with a 99 pip stop and a 1 pip profit. You will win your bet 99% of the time, assuming the spread and/or commission is zero. As you can see, you can give your ...

After 4 Years, Finally found a Profitable Trading System

Hi Felixis, Please re-read my posts carefully, where did I ever say that trends on the 1 min time frame (or on any time frame for that matter) were meaningless ?

Are there any successful Traders in Forex Factory?

By the way LC_Invest, did you notice the nice Head and Shoulders formation in progress on your chart?

After 4 Years, Finally found a Profitable Trading System

Good point, Fartist. The fact is financial markets move randomly 70% of the time. However, when they do trend (about 30% of the time) this randomness stops and the astute trader can then profit from this temporary imbalance of supply and demand, ...

Are there any successful Traders in Forex Factory?

How true my friend ! Just a quick example : most traders naively believe that if their risk/reward is 2 to 1, for instance, (meaning they risk 1 dollar to make 2 dollars) they will make money in the long run. Nothing could be further from the truth. ...

Are there any successful Traders in Forex Factory?

True, but the game of BlackJack is different from the other games in a casino because it's the only game you can mathematically beat in the long run (just like the financial markets). To answer the original poster/question ("Are there any successful ...

Are there any successful Traders in Forex Factory?

Not sure I understand your comments, Mingary. If your system has been thoroughly back-tested under all kind of market conditions (bull, bear, neutral) and is profitable, why should you be overly concerned about the outcome of each trade? Have you ...

Are there any successful Traders in Forex Factory?

Hi Focusonmoney: I have been studying charts for more than 25 years now and you are correct, after a while you discover new winning chart patterns of your own. In fact I am convinced that the most profitable chart patterns will never be published or ...

Can I repeat turning $800 to $5000 again?

Hi Gajebo: To trade head and shoulders formations, I suggest you: 1: Wait for the break of the neckline. 2: Wait for a pullback to the neckline. 3: Wait for a price rejection at the neckline level. THIS IS EXTREMELY IMPORTANT and most traders do not ...

Can I repeat turning $800 to $5000 again?

Trading is not about winning or losing (a trade), but about making money in the long run, regardless of the endless sequence of winning/losing trades. In fact, successful traders are totally detached from the outcome of any particular trading day, ...

Are there any successful Traders in Forex Factory?

They say trading is like a 3-legged stool, if one of the legs is missing you will fall 100% of the time. Without a statistical edge the trader is doomed to fail, no matter how disciplined he/she is. Without the proper money management the trader ...

Are there any successful Traders in Forex Factory?

The answer is yes. But you need a system or a strategy that will give you a statistical edge in the long run, you need money management (stop, target, position sizing) and you need discipline. Needless to say, the psychological aspect of trading is ...

Are there any successful Traders in Forex Factory?

Hi Focusonmoney: It is usually not a good idea to trade inside a triangle formation, there are a lot of almost random moves in that area, especially on the 5min time frame. The best way to trade triangles is to wait for a clean breakout and then ...

Can I repeat turning $800 to $5000 again?