Also, when trading for a living, a person can sleep when tired, eat when hungry, exercise often, and has afternoons off. My health is better now than it's been for many many years. When I become consistently profitable, I expect to have almost no ...

is trading good for your health?

Well, the pills don't address the cause of the problem. The reason a person feels bad is not due to lack of prozac. It is due to some external influence, often due to choices on their part. The pills supposedly make you feel good regardless. ...

is trading good for your health?

YES, it is good for your health! — My last engineering job was in a psychotic environment. Corruption, lack of integrity and ethics in management, backstabbing, rude people etc. I went to the doctor more in 2 years than I had in the previous ...

is trading good for your health?

Using pivot points was a mainstay of my first forex course. I stopped using them after a month or two, they did not work, used as I was taught. I've since seen several other methods of calculating them, so that might be part of the problem. My ...

Use of PP,R1 and S1 pivots

Eagle, thanks for the thread and for the indicators. Do you have the mq4 of ULTRA TREND? I like to see what something is telling me before I use it.

indicators of future tendency

OK, so the bank has a good deal of control over price of the kiwi. They're shorting. If they have the megabucks (megakiwis?) to be in control, and they're shorting and keeping the price down, then what should we do? Take your time, it's not a trick ...

Why is NZD so strong??

Now it's about time for someone to post that they have that exact thing but can't share it......

Indicator Wanted!

Yeah, that! I remember learning this waaaaaay back when, but didn't remember or never knew the exact specifics or why, and didn't know if computers were still that way or not, so I didn't say it. Thanks for the tip, Tesla!

Comparsion Problem

That is a very good point. I'm very new at all this econ shizit and don't understand much. But what you said is clear and basic enough for me to have to wonder, "what is really going on with this?" On the other hand, I am experienced enough to know ...

Why is NZD so strong??

Bemac, please give us a little more. You don't think the characteristic of the market is different in summer? Seems like any trader I've talked to feels it is generally slower, tends to range more. Where would a person find ADR data, month by month?

Trading during summer months?

Apparently the result of a is not exactly 0.0001. Sometimes there may be digits in the price beyond what is shown. With OANDA, there is, I don't know about the platform/broker you are using.

Comparsion Problem

I don't know what that is.

How exchange rate is determined

It is determined by the trillions of dollars per day that flow between banks. Whoever has the most money to trade will have the most effect on price. Or, more accurately, the greatest flow will have the greatest effect. One individual trader is like ...

How exchange rate is determined

I agree it's excellent and he makes many fine points. However, I found the lottery analogy very discouraging for a few seconds until I realized the statistical fallacy. If you took the apples-to-oranges comparison at face value, you would have to ...

Living Off Fx

Great thread — This is a great thread! Enjoying reading your posts, gang. Shorted last week and lost. Now we've made a nice little head and shoulders on the 15m, topping right where the recent intervention occurred. But every time it dips, ...

Why is NZD so strong??

Comment — Excellent work, thank you! I do take exception to the "nearly 100% certain" rule. I took the following notes from the Robin Dayne video last week (some of it is paraphrased): Never enter the market with a preconceived idea that you ...

My Rules for Forex Trading

Yes, but there are hundreds of millions that buy powerball tickets each and every week, so the analogy is statistically invalid, IMO. Without putting numbers to it, I believe you have better odds of learning to trade for a living than of winning the ...

Living Off Fx

You're welcome, I hope it helps a lot of people. In the MACD that comes with Metatrader, the histogram is the actual MACD, and the line is the signal line. I don't like trying to see when a line crosses a histgram, I like the "normal" MACD myself. ...

Understanding Indicators

Fractals — A fractal is basically a method of defining a "swing high" or "swing low" chart pattern. The pattern consists of five bars, with the fractal located on the middle bar. You get a fractal pointing up when the two prior bars and the ...

Understanding Indicators

Well, that's turned out to be a good move. My swing trades were 1/2 position, I took them both to 1/4 position and put my stop farther away to avoid the whipsaw. The news has taken both farther negative. Must have been bad news for the dollar. I ...

Transition from Losing to Winning