This isn't a system — First off, trading naked or following price action isn't a system per se. I would venture to say that each trader who claims to trade this way approaches it in a slightly different manner. They found what works for them ...

Finally Naked

Look at the question from another angle. For an EMA crossover system to "work" or in other words to have a long term profitable expectation certain conditions need to exist. The current price vs. the EMA would need to be an effective predictive tool ...

Why exactly do EMA crossover systems not work?

And I'd like to challenge your challenge! I think you're creating an artificial dividing line that really doesn't exist, at least not in my mind. Price action trading isn't synonymous with discretionary trading. Price action traders can be as ...

Finally Naked

Is that indication timely and accurate? If so, what is it? LOL!

Finally Naked

Let me approach this in a slightly different manner and add a couple of additional scenarios to hopefully increase understanding for nikim of what is happening with the interrelation of the 3 pairs. With GBP/USD, USD/JPY and GBP/JPY you have the ...

cross currency

A shiny hardcover titled, "The Rise and Fall of LTCM"?

How important is a knowledge of maths?

O&A is a bit different in their pricing and interface than what you're probably used to. They shade as it suits them, and this shows up in the game account which could account for some of your apparent bad luck in missing fills by a pip or two, and ...

Challenge - Oanda contest

I've traded without indicators for a long time and have recently added back trendlines, which I don't consider to be an indicator but rather a support/resistance tool that helps me see trend direction. I think getting away from the indicator fog is ...

Finally Naked

In the bottom line analysis, the trend is neither friendly nor unfriendly and what the trend is exactly, depends on how you define it, or rather how your method defines it. Same thing with regards to friendliness applies to brokers, though some ...

Is The Trend Really Your Friend?

Good fills are a scarce commodity. Dark Star's post summed up the issues very well. No wonder so many on here are so anxious to share their methods <g>.

Sharing hurt your method?

Finding 10 truly uncorrelated markets as in your assumption is more difficult than you might think. If you stick only with currencies and trade 10 pairs your risk profile with a single 2% position risk over 10 pairs based on correlations is probably ...

Anyone using high leverage successfully?

DRT: The cops leaked the report! I think there was a news piece that was artfully timed at 8:30 AM last NFP too now that I think of it! By the way nice to see you here on the boards. I hope you post a journal! Hope all is well with you!

EURO Manipulation - Call the cops

Very good topic! I've been trading a method that incorporates some fully objective rules, primarily the ones relating to money management and position sizing, and some semi-objective rules such as determining trend direction and position management ...

Think Outside the Box

It's probably there from interest earned or charged in that currency. IB does that. And the reason you can't close it out on idealpro is because $25K USD is the minimum for transactions of that sort. You should probably read this thread and some of ...

stuck in postion, please help

That's a great philosophy and can be the holy grail for anyone seeking to elevate their game. If you learn something from every loss, then you really have gained invaluable insight that can help you move ahead. So losses are stepping stones to ...

Forex Resources - What made you a good Trader?

There is a base level of knowledge that you can build up on forex on websites like this one that is probably more valuable than what you can find in books. To specifically address the question in the title of this thread, What made me a good trader. ...

Forex Resources - What made you a good Trader?

I think the reason we don't see more adaptive systems in general is that they are not easy to implement. I know this from experience. The systems I use are primarily static - with the dynamic portion being my view of the current market cycle. ...

Automated Trading

Humans do some things better than computers, such as big picture analysis, coming up with strategies and identifying when market cycles have changed. Computers do repetitive tasks and tasks that require quick execution and consistent execution best. ...

Automated Trading

Thanks for your post ScottH! Let me play devil's advocate for a minute. When you give two people the exact same method and one profits while the other loses is it possible that the difference between the two isn't discipline, but could be explained ...

Method or Man?

Ken, Thanks for your post. From the viewpoint of the individual I think your points are right on target. This is a lesson that I had to learn as well - that even though a certain system makes money doesn't mean I can make it make money for me if it ...

Method or Man?