I haven't kept track of all the max drawdowns, but a couple were over 100 at least once, others were 70 - 80 or thereabouts. When I wrote the aforementioned email, I had 5 open trades, total dd was 334 pips. Also, I corrected my earlier post - there ...

HAS Indicator - Misc indicators & EA's

Lots of great advice here, great thread. I can't answer the question, I've been at forex full time since January, after dabbling with trading/investing for many years. By all means, put some cash on the line. Psychology is a big factor and you'll ...

How much time did it take you to make progress?

I'm not a seller and I don't believe in EA's, and have never corresponded with Don up until the time I ordered. This EA was recommended to me so I bought it and started it on Sunday afternoon. Yes, I went with no stoploss (demo acct.) Yes, the ...

HAS Indicator - Misc indicators & EA's

Yes, you could make money almost every time -- if you had a good way to know what the crowd (of non-professional traders) was doing.

Axioms of trading

I've got another one coming, maybe, or maybe it's the wine.... It will go something like, "the same thing will bi+ch slap you again and again, until you learn the lesson". Is that an axiom? I'm pretty sure it is.

Axioms of trading

Great post, Kudzu. One other thing, spreads can be a form of costly entertainment. Sometimes it will open to 20 or more pips for a millisecond or two, so if you've straddled, you can have your entry executed, then your stop hit in literally the ...

Is this technique viable?

The way Jacko did his fibs he gets a 50% retracement. If you go from the big bottom on 13 June then the recent pullback is at the 38. Either is good, both is better - more traders will be using that point (confluence).

Jacko's Forex House of Pleasure and Pain

The rate of loss is slowing., but there hasn't been a lot of improvement for months. Had I broke even in July, this would be a nice graph. But, I don't like or dislike it, I just need to listen to what it's telling me.

Transition from Losing to Winning

Try it on all the major news releases for a couple months on DEMO, then see for yourself how it works. You'll figure it out pretty quickly, I'm sure.

Is this technique viable?

That's right. A stock is traded in only one place, or a very limited number of places on the planet. So the volume is known. Individual banks can be trading billions and there's no reporting of how much volume is being traded. There's no centralized ...

Why doesn't volume work as an indicator in Forex?

Ooooooh, good one. I had to google that!

Axioms of trading

high hopes, or just laziness? Not really sure. I guess I'll never lose the dream If a great trader could quantify everything he does, how he makes decisions, what criteria he uses (there probably aren't that many for a given trader) then it could ...

Axioms of trading

Excellent, excellent points. Another thing is, we're taught to trade wrong. Most gurus teach trading breakouts, but never mention that most are fakeouts. Faders clean up on newbies. Then when it finally does, the "deer in the headlights" applies.

Axioms of trading

Axiom 6 — Or, leave axiom 3 as is, and add: Axiom 6: Market conditions recur. What works now will work again at some future time. Thanks profitplay, and Jessie Livermore!

Axioms of trading

Hmm.. sounds like he's saying, "Markets don't change. What works now will work again at some future time." And that would be true, too. And I like it better because it adds certainty instead of uncertainty. The axiom isn't busted, because in between ...

Axioms of trading

YES! No. Those do not exist as absolutes. There is nothing that works every time, unless you get really general like, "buy low, sell high". We'll do that next, as mentioned earlier. Most of what is being posted would fall under that category. But, ...

Axioms of trading

The solution was to use different money management on the swing trades. But, why put 1/4 position on and go for 100 pips, rather than put on a full position and take 12 pips and 13 pips? Same result on the bottom line. Rob Booker says get the 10 and ...

Transition from Losing to Winning

Still don't have a plan — Well, I'm still doing it. Shifting timeframes. 10 pips a day will make a person rich. Some days I take the 10 or 15, quit for the day and can handle that. Then I read Jacko saying how he "just made an obscene amount ...

Transition from Losing to Winning

Then there's always, "you're damned if you do, and damned if you don't".

Axioms of trading

I think the key here is the definition of short- and long-term, and the relative difference. Take the 1H for example. It is composed of a string of 1 second bars, but they are random in comparison, therefore the argument would seem to make sense. ...

Axioms of trading