A couple of interesting things about the collapse of MF Global is that even if you had seen the writing on the wall and closed your account,The Bankruptcy Trustee is still looking to possibly "CLAWBACK" your money. Another thing that i didn't know ...

Is Your Money Safe?

Why? — Because i am deluded! (A delusion is a false belief held with absolute conviction despite superior evidence.)

Why do you Trade Forex?

[quote=nasir.khan;5096734]You already understand them the from what you said below. where did you get this from? Depends on whom you ask this question. The people who are gonna suffer from it or people who are gonna benefit from it. Anyway the only ...

Please Explain Credit Default Swap (CDS), Credit Event?

Greek credit default swap shenanigans — Something from the Finance Addict website that might interest some! We know that private holders of greek bonds will be "invited"(seriously this was the word used in the eu summit statement) to take a ...

Please Explain Credit Default Swap (CDS), Credit Event?

Question? — Isnt a CDS an insurance against a repayement default on a particular bond?So isnt it possible that european banks could be overloaded with these CDSs,therefore wanting somebody to default to cash in?

Please Explain Credit Default Swap (CDS), Credit Event?

Thanks makingpips That was a perfect explanation of how you are trading.I dont think our trading is that different,i just think i havnt explained myself very well.Anyway on friday i took a trade in Eur/Usd that you might have taken,but 20 pips ...

Where is the EDGE in trading? The most important thing in trading!

Can i take it from what you have said that you use limit orders to enter the market?If i am correct i would be trading against you the majority of the time. I trade against limit orders nearly 100% of the time.A new high or a new low is formed by ...

Where is the EDGE in trading? The most important thing in trading!

This mornings trades — I took three trades this morning.It wasnt straight forward but worth the work and patience.All trades on Eur/Usd. Trade 1 ;buy @ 1.4315 stopped out. Trade 2 ;sell @ 1.4280 stopped out. Trade 3 ;buy @ 1.4302 still open ...

Where is the EDGE in trading? The most important thing in trading!

I will very rarely use a market order.I trade breakouts onlly using buy/stops and sell/stops.

Where is the EDGE in trading? The most important thing in trading!

makingpips I understand what your saying.I used to trade one and two bar price action combinations on 1hr,4hr,daily and weekly timeframes.The problem i found with this way of trading i was missing move after move while waiting for those longer term ...

Where is the EDGE in trading? The most important thing in trading!

Timeframes — Visually as far as i am concerned there is no difference between the look of a 5 min chart and a weekly chart.Where the differrence shows itself,from a TA or PA point of view is the risk taken to enter the market on the different ...

Where is the EDGE in trading? The most important thing in trading!

Read Peters Posts — Joey You will find the answer to this question in post # 61 (read carefully).My suggestion to anybody struggling with the concept that Peter has set out is to print out all of Peters posts and read them again and again ...

No Free Lunch but all the Free Coffee you can drink

MaryJane My system is 100% mechanical and that is how i am going to test it,taking every trade.So the end results of a manual test and the ea test would be identical.I see the manual test as being superior to the ea(apart from the many hours ...

Manual backtest v EA testing

Pick up the phone and tell your broker to buy and sell three lots of eur/usd @ market price.Set the same stoploss,take profit and trailing stop for both orders.Wait till both orders are stopped out and repeat.Make sure the trailing stop is larger ...

making things simple

I got the one about our royal family,but i thought you were being serious about Jacko.I just looked up his thread and couldn't believe what has happened over there.Sorry about that i havn't read anything about him.His thread is exactly what i was ...

Who can you trust?

Morning Chicky Mark Douglas states in his book that the first stage for new traders to learn is the mechanical stage.I wish i had taken his advise two years ago when i first read the book.I am now at the mechanical stage,trading an edge that i have ...

Lessons Learned Thread

I need to clarify something about the above statement.When you say "most systems will eventually fail"do you mean that most never worked in the first place,or that most worked and failed over time?What i do know is that there are several famous ...

Who can you trust?

Is your statement about systems what you absolutely know,or is it what you believe to be true?There are a lot of systems published on this very site,do you know that none of them work?

Who can you trust?

That is the point i am trying to make.Many of the people trying to teach something about trading to others are still learning from somebody else who are still teaching them(if that makes any sense?).When the uninformed trader gets the information it ...

Who can you trust?