15% or 1.5million long term consistent profitable traders. Got to be kidding. If this was true the traders population can easily swell to 100million.

The brutal truth of day trading

Lets assume the global retail traders population at 10million. 5% of 10million give 500,000 long term consistent traders. 0.1% of 10million give 10,000 long term consistent traders. Those traders that collect significant life changing money is one ...

The brutal truth of day trading

Extrapolating the probability tells us the expected value for those traders able to do it consistently over a few years is a miniscule figure. However, on FF don't expect members to accept this stark reality given it kills the fantasy for many ...

The brutal truth of day trading

Fed in taper mode. Today GU, EU as expected plunge. My point in summation of all my posts is this expected taper stance has resulted in the technicals to turn south. If whatever retail TA and FA has not informed the trader of such a major event then ...

Flying Dutchman

Thanks GEfx. The main takeaway is your stand in that bolded statement. My personal stand is in the deterministic nature of asset pricing and valuation model with a probabilistic interpretation. I believe you would have culled this from my posts.

Flying Dutchman

Thanks Kev.

Flying Dutchman

Hi Pete, I think this you wrote has to be emphasised. That's why the idea of marketing the "holy grail" make no sense.

Flying Dutchman

My standard discussion does not include RickM. The first person to go on my ignore list to remind him this no discussion and exclusion status is permanent.

Flying Dutchman

Ok, given the contradicting response from nfp and sentiment index, and the muted response post fomc I am trying to figure which major direction EU and GU take this coming few weeks. To me the market is at a crossroad which direction it takes from ...

Flying Dutchman

I reply your post here since its related to algo math. If you look at your chart the volume data you pointed to is on the 3rd 15m candle of the turning point. With my algo math I pinpointed the turning point at the first candle that is 2 candles to ...

Flying Dutchman

GEfx, I like your post about fundamentals. Do make your interpretation on here so I get to learn what to look out for. Thanks.

Flying Dutchman

Koop trades a 6 digit account.

The brutal truth of day trading

I did not answer your A, B question, instead I asked to watch till NY close. Better to see it for yourself.

Cable Update (GBPUSD)

Mt4 volume data.

The brutal truth of day trading

I am replying from the phone. Shut my computer before NY open done for the day, don't know what's happening. Since you wrote strongly bullish delta, so kette hold till NY close make sense, no? Kette wrote no so must have closed his trade, who knows.

The brutal truth of day trading

Hold till NY close see what happens. If I say trust A make no sense since you already set stop loss to be. The question is whether you trust B disappearing ? Again hold till NY close, you will know the answer.

The brutal truth of day trading

I prefer "researchers" over "super traders". Genuine researchers are less biased with neutral opinion, keen listeners and open mind. Competent coders can be helpful as well. "Super traders" tend to have this guru "know-it-all" complex, "I'm the ...

The brutal truth of day trading

On FF you can't take anything seriously. I'm here only for the entertainment. If you're interested in research you do it with a few like minded members on the same page in small group away from FF.

The brutal truth of day trading

Instead of complaining I give you a suggestion. Why don't you write to FF Admin propose to them to create a new section where only members with TE attached are allowed to post their stories. This way it serves your purpose to only read posts in that ...

The brutal truth of day trading

Not sure why you get irritated when forum members tell stories about the forex market on a Forex forum. If their stories irritate you, why read them? I question your motive why you plan to make your claim? Question is your MOTIVE.

The brutal truth of day trading