Hey Leon, happy new year. I second Beat the Forex Dealer; short, sharp, entertaining and accurate

A book about Brokers/MM's...

Fuzzy, I get what you're doing. It's tricky in FX because you're lacking volume information (tick vols mirrors price to the extent you might as well use price) so you've only got a few sources to go on - price, retail sentiment, and order flow data. ...

Artificial Market?

Nothing wrong with the statement - entry is the opposite of exit but it entirely depends on the frequency and conditions of when your system generates a signal. In an exit you're looking for a point at which you can estimate the probability is ...

Entry is easy, but Exit is really difficult

Hanover - if you do you'll find there's a strange echo - I've been reading your posts for some time... Turvey - Ouch! Time for a new broker surely? And yeah, I've done that spread calculation too... all mounts up. Nology - Often it is a ...

The Reason why 95% Traders fail

Oh yeah! Absolutely it is but that doesn't mean it's unwinnable. Massive leverage. Hedging. Competitions with unreasonable expectations. Encouraging of over-trading. Also, a couple of years back you had to contend with price shading and enormous ...

Poll: Is retail Forex just a setup by the big boys to take our money?

As I've progressed, I've got more and more hardened in my views, and I have to be honest, it's only really forums that have slowed me in coming to these conclusions (Turvey - I have some empathy with that footer of yours). The biggest problem I've ...

The Reason why 95% Traders fail

Compass, relax, no shooting any messengers - I just don't get how he's come up with the figures. Thanks for the links - I'll indulge when I have a few spare hours as his bio does look pretty good.

Odds of winning are constant: Using market bias AND stop loss

Really? There's some seriously hokey maths going on there. Hanover's already said it, but think of it another way. If - as the OP originally suggested, setting a reasonable SL (to prevent big losses) actually improved your odds, what you're actually ...

Odds of winning are constant: Using market bias AND stop loss

I guess so DT. I don't feel quite the same way given I spent a year following his trades and he did as he said he would. Would it make any difference if he was trading micro lots rather than a couple of hundred full size? I guess I'd feel deceived ...

Forex Mentors - The Best Investment You Can Make?

Acumen, that's not what I'm talking about - it doesn't matter if the EA is good or a pile of sh*t; there's an edge potentially in purely front-running the orders itself. Big doesn't mean good, it means they've just hyped it a lot and newbies have ...

Draw Down Experiences and Recovery

Jacko, I think you're way over-reacting. 99% of the systems in here are useless - note he said systems - not contributions. Ask anyone who properly backtests and they'll tell you the same; and by backtest I mean not just glancing back at the charts ...

Forex Mentors - The Best Investment You Can Make?

Inf Investor, Rotterian - since you both mentioned FAP, I thought I'd share this. I spoke with a big retail broker who said that FAP was getting so big that they were having genuine execution problems because the orders all come in at once, and ...

Draw Down Experiences and Recovery

Brilliant Doug, truly. I can't believe noone's commented on it. Your post is like the story behind Ed Seykota's "everyone gets what they want out the market". I'm slightly more mechanical in my trading so I can't say I fully buy into the idea ...

Draw Down Experiences and Recovery

Last trading day of the month... you should be on the watch out for big fix-related interest which will then promptly finish at 4pm GMT. I say should - because in practice, the best I've got out of it is to not read too much into strong moves that ...

Options Expiry Dates

Dopey, you read me well... this is a great article. It reminds me a bit of public speaking - the best public speakers are concentrating on the audience not on themselves. Thanks for posting.

Strategy of losers

AstonDan, nothing tenuous about that link at all, will definitely be watching - cheers!

Strategy of losers

I properly laughed DT, nice touch

Strategy of losers

Grand finale — Right then, some of you must be sick of this thread by now, so let's wrap things up, using no Douglas quotes, as he annoys the bejeezus out of me. Overall, I'm fairly surprised about some of the things I said early on that went ...

Strategy of losers

Sorry Mikkom I meant 'as well as' (rather than not at all). Similarly, for me this summer has been pretty uneventful trading wise too, though it's picked up now, in relation to how much trend there is.

Strategy of losers

I must admit, I was nodding off for a while there reading the whole random argument (birdt summed it up perfectly I think) and mikkom and DT, cheers for trying to bring it back on track. And I thought Ferrari, please don't give it the prove your ...

Strategy of losers