I find a lot of contradictions in your way of putting things. Why the need to build a system at all, if it's all luck? Also, it is perfectly possible to build a system aimed at winning the lottery. The important question is: will that system be ...

Need luck or skill for trading?

Hello alter. You seem an intelligent, educated person, so I find it odd how can you possibly suggest someone to use luck to their advantage? Considering your view on luck wouldn't it be better to simply buy lottery tickets, instead of trading FX?

Need luck or skill for trading?

Missed orabi's post. You made me go back and read it. Thanks for that. BIG LOL

Could this be an easy way to win in forex?

Clear crystal explanation Kateeus

Could this be an easy way to win in forex?

Easy. Consistent and random are not antonyms. Please carefully re-read Gumrai posts, as he was kind enough to explain.

Could this be an easy way to win in forex?

OP, I meant what I meant, fully understanding what you meant. You say it's "a consistently crappy indicator". I say it "generates random signals". We are talking about the same thing. No misunderstanding on my part. Btw, read very carefully post 17 ...

Could this be an easy way to win in forex?

Good post. I like it and accept most of it. It's virtually impossible to distinguish the amount of skill, effort, luck, whatever, in most traders results. However, I disagree with the way you see luck/chance role. Luck alone will never guarantee ...

Need luck or skill for trading?

X 2 Read Hannover's posts on the subject! Having proper money management skills without a proper edge, simply means you'll take longer to lose all your account balance. Death by a thousand cuts instead of the typical supernova account blowup. Also ...

Could this be an easy way to win in forex?

All things being equal, luck alone will get you nowhere 99% of the time. This applies not only to trading, but to anything one might try to achieve in life. That said, successful trading is 99% preparation (Call it skill/hard work whatever you want. ...

Need luck or skill for trading?

It is not rocket surgery, er brain science, er, I mean, you don't have to be too smart either... H1 trend... Is it not obvious, I'm not following 3rd screen strategy, simply using the EA, duh? You assume too much! Learn to give people some credit, ...

TCO Trader EA

That's something I know. Simply prefer having everything set to H1. Appreciate the reminder though.

TCO Trader EA

Thanks for the clarification, darkgsg. I took 1 for granted, suspected 2, but never considered 3. If one was to change TF to H1 as I did, shouldn't condition 3 change as well to Previous Hourly Close compare to Tenkan Sen? It seems the buy on the ...

TCO Trader EA

In theory 38.2% retrace is typical of impulsive waves/trending, meaning big rewards should be more likely. However, this promise of big reward comes at how much risk? Where to put the stop exactly? That's why I like the the way gspajon has thought ...

Which Fibo level do YOU use and why?

Hi rexio. This is Ichimoku in H1 TF.

TCO Trader EA

Ok, guys here's a chart. As you can see Ichimoku current trend says "Ranging" with Tenkan above Kijun Williams is issuing a buy signal that should be valid assuming Tenkan>Kijun=Uptrend How does Ichimoku determine the trend exactly? Thanks.

TCO Trader EA

Definitely an interesting idea and a logic one (strong/weak close = continuation). Testing I've done long ago, showed that chance of previous daily high being re-tested is significantly higher when close is above pivot (or median). The opposite is ...

Which Fibo level do YOU use and why?

Hello TCO. I have a doubt you might clarify. Why does the EA show Trend=Ranging when Tenkan > Kijun using Ichimoku method only? Shouldn't it show Uptrend instead? Thanks for all your hard work and commitment to others. My thanks for your ...

TCO Trader EA

Thanks for the chart

Which Fibo level do YOU use and why?