Since I wrote the above, trading has become profitable again. I'd had the talk with my mentor on the evening of 6/4. He told me to get in the habit of taking a profit. Start with 5 pips a day as a goal. Since then, my daily pips have been: +22, +11, ...

Transition from Losing to Winning

I disagree. You have a $75K Porsche in your hand. That is your risk. Play on for the million, you're almost sure to go home with nothing. That's like the "playing with their money" mentality. No, if you made a profit, it's your money. If you lose ...

Money Management..keeping the money...

Right click on the chart and see if there's an Expert Advisor attached, or Indicator list given. If EA, choose properties and see if theres one for alerts, if so, shut them off. If you can get the indicator list, double click on it, go to ...

How do i get rid of alerts?

Learn to trade it — Sounds like you've identified it pretty well, whatever it is you're talking about. Whatever that is, learn to trade it. Look at the EU/USD. It's in a defined channel. It's at the bottom of that channel. I just went long. ...

How to spot a waste of time trading day...

Porsche scenario — The scenario is similar to situations given to traders by Van Tharp. Fellows, if you don't take the car you're choosing a 90% chance of ending up with nothing. Choosing an almost sure loser instead of the Porsche...... Most ...

Money Management..keeping the money...

Thanks, guys!

EA command to detach itself?

I thought the G/U was pretty wild today myself.

Why is trading so dead today (6/11/07)

I think it's a good topic. Most of us aren't MBA's and have no clue as to how economic numbers drive the market. For instance, if the US interest rate goes up, that would slow the economy, and indicate that the Fed felt inflation was too high. So ...

Analyze the News events

And it never will be "always the best or right". That's why you use stops and proper position sizing. Another thing that jumped out at me was that you plan to demo for 3 months to come up with a workable system..... just in time for the market ...

My Journey to a $1,000,000

Well, OK, glad you liked it. Someone came up with a cool name, I've got nothing against that.

Understanding Indicators

You're welcome — Glad to help.

Understanding Indicators

Thanks, Bemac. I figured if it got your attention, it must be worth continuing.

Understanding Indicators

Glad to help. I did it to fill a need, to give something back to FF, and in return I recieved a full conceptual understanding of the indicators myself. I don't feel I can advise people on trading matters since I'm not yet a great trader. But I can ...

Understanding Indicators

Printable — You can have that, too! Just click on "thread tools" and select "show printable version". You're welcome, glad I could help.

Understanding Indicators

On the other hand, programming can teach you a lot about how trading systems and indicators work, and backtesting teaches you a lot about the way the market moves, so programming will therefore accelerate your understanding of such. That may be the ...

Are there any automated trading systems?

$225 is not enough to trade full mini lots, but beyond that I must disagree with brxxt, it certainly IS enough to trade with. Learn money management (position sizing) and you'll find that you can do just fine trading 1/10 to 1/5 mini lot. In fact, I ...

My Path To Financial Freedom

WTB's advice is spot on. And, I shouldn't have said "it's not difficult". There are always lots of little things you didn't count on. Sort of like when you take a photograph and when you look at it, it's not at all how you saw it, since the mind ...

Are there any automated trading systems?

I haven't been doing what I said, and have not been trading well. Journals are good. It's good to go back and read them. I wish I had done so back on 5/16 when I said I wasn't doing well. Write down your AHA moments in the journal, take notes when ...

Transition from Losing to Winning

Here is some good advice: url Also check this thread. Had you seen this first, you might not have asked for help. Make sure you read at least until you get to my post (but you can skip over the dog poop posts if you want) ... url I hope there is ...

I need a mentor!