you are gonna struggle is you are a usa resident - the usa dont want you to be able to make money. ideally a broker with a hedging account aas opposed to a netting account and tons of leverage to abuse. like 500:1 I use IC markets but they too have ...

Soul's Thread

Top of the class for you sunshine dieguito80 - getting there but confused arent you... Reddawg5345 get a new broker bojack34 - you been looking at my account? Slinge - dont you have to be careful whatever you do? So, it looks like some of you are ...

Soul's Thread

would you like me to give you an excercise to do that can change your trading? If enough ask for it i will give it to you.

Soul's Thread

1) forex IS get rich quick if you want it to be 2) it's all about math 3) indicators cant predict shit 4) Price will predict where the indicators go 5) stop losses are the biggest con job ever 6) If you can't trade - teach the same junk everyone ...

What have you learned?

i think you said 'is it money management' - well trading is all money management so no, that's not the answer. sorry

Soul's Thread

I don't 'like' forex - in fact if anyone asked me "should i try tradng" i tell them to shut up and go do something else. The reason I stay in it is because it is scaleable - the number one thing for me in any business venture is can i scale it - the ...

Soul's Thread

look back in the posts, i explained that earlier

Soul's Thread

Good question! with several possible answers. All really depends on what you are trading for. are youtrading for income every month? are you trading to build your fortune? are you trading to learn a new skill or maybe to start a career in financial ...

Soul's Thread

That is good advice. all those unprofitable think it's down to a system - 1,2,3,4 do those steps and over 100 trades you make money. This is probably accurate if you have forever to make your fortune. me? I want it before i'm 80 years old. I think ...

Soul's Thread

hmmm, longish story - here's the shortcut. was selling on ebay for a living. guy bought a product off me that was a trader. "what's that all about then" i asked - he had written a book. i said i can help you sell that so we made a deal. i read the ...

Soul's Thread

let's get you thinking.... answer me this. What would you do if every single trade you took went against you? Before you say "i'd go the other way" - think again because those trades go against you too. This is how to learn to trade. instead of ...

Soul's Thread

just my eyes look at the daily or 4hr audusd right now - if you can't tell me the trend then you are in the wrong business

Soul's Thread

if you mean how do i decide where the stops are well it's pretty simple really. ask yourself where would your stop be? - and that's what i wait for to be hit. Important to note that i dont just put orders there - a stop hunt has a specific signature ...

Soul's Thread

Hiya, in my experience the answer to your question is no, discretionary trading with a systematic approach is better. if you are going to be truly systematic then you have to take every trade - and every pair etc etc uness you write in 100% solid ...

Soul's Thread

No, there was no trend assumed. you can bet that we tested it and that it didnt work. i remember a few tests based on moving averages - what we found was that the really big moves that made the system work where the big bucks came were not taken ...

Soul's Thread

nice part of the country I like your trading style too. good luck

Price Action Scalping Chatroom

Hi Spike, is there a question in there somewhere? cos i'm not sure lol Drawdown is a very important part of any system. I dont think i know any 'system' that doesn't have drawdown and a failure to make adjustments when the max drawdown was breached ...

Soul's Thread

Hi Joe, where are you in the UK - derby here

Price Action Scalping Chatroom

you have a point - but it did sit there a goo while without a single response so i just thought there ya go then lol. sorry if the post got your back up, wasnt my intention

Soul's Thread

lol, i wish

Soul's Thread