I buy at 1.8057 only if there is room for the trade to go 50 or 60 pips. Buying at 1.8057 with a 2 pip spread costs 2 pips. When the trade hits, for example, 1.8117, I move my stop to, say 1.8105, using a software tool that works with my broker ...

Are trading costs the main reason of losses in trading?

My daughter was in Newport Beach last night having dinner at a local restaurant when this struck Southern California. The epicenter was about 150 miles northeast of her location, but they got a pretty good jolt out of it. Experts say there could be ...

Technical Analysis Fallacy

Thanks, but I am correct. I trade with stops. I don't sit at my trading station waiting to click out, nor do I use limits. If I did either of those things, then you would be correct. But I don't. Relative to either of those approached, if you use ...

Are trading costs the main reason of losses in trading?

From my trading today: I entered a trade on the G$ at 1.2522, with a spread of approximately 2 pips. When PA hit 1.2485, I moved my stop to 1.2492. PA moved to 1.2492, at which point my broker executed a buy order at 1.2492, which is what happens ...

Are trading costs the main reason of losses in trading?

You must not be paying attention. If your broker has a 2 pip spread, you pay that spread when you enter the trade, and you pay the spread when you exit your trade. Your entry is a trade, Your exit is another trade. The GA right now is (bid/ask) ...

Are trading costs the main reason of losses in trading?

The premise of this thread is that trading costs are the reason for trading losses. I think it's clear that this is a false claim. As far as trading efficiency, if a 2 pip spread going into and out of a position impacts your trading efficiency, you ...

Are trading costs the main reason of losses in trading?

Let me be the first to say that you are an arrogant, insulting and rude sack of assholes. Take your bullshit elsewhere. Sorry fti, for my language.

Technical Analysis Fallacy

Yep I completely understand. I keep previous areas of support and resistance from the 1H and 4H noted on my charts, especially on a 10M chart that I use for order entry. That 10M chart also has 2 sets of moving averages - one set from the 1H chart ...

Technical Analysis Fallacy

I am very cautious during summer months. This week I limited my trades to the GA and the EC, not really knowing if and when they'd enter a range, as many pairs did this week. And per my summer trading rules, I am quick to exit a position if it ...

Technical Analysis Fallacy

Lol...I stand corrected. Whoever owns the book controls/owns the risk. Good trading to you!

Are trading costs the main reason of losses in trading?

Rhetorical or not, it's a stupid question. Regarding trading efficiency, successful retail traders know the costs of trading, but more to the point, they ignore those costs. It is literally the last thing that crosses your mind. And you should also ...

Are trading costs the main reason of losses in trading?

You are exactly right. Well said. If you find yourself thinking about or blaming spreads, commissions, and slippage on your losses, then you have failed at trading. Please go find something else to do and stop asking stupid questions.

Are trading costs the main reason of losses in trading?

Wow, what a week of trading, at least so far. Fti, I see you have returned to your original FF identity. Looking good. Fti I hope you are well and I'm very much enjoying seeing you back. As for trading, now waiting for a US response in Iran. If in ...

Technical Analysis Fallacy

Hi fti, hope the nurses were nice to you! I have been trading the GA this week, and that is all, at least so far. Been catching up on some reading, trying to wrap my brain around some difficult concepts and issues. This has been a typical summer ...

Technical Analysis Fallacy

This sounds so familiar to me. I used to trade with so much emotion while trying to stay focused on PA. It took a few difficult years to break that cycle. I finally decided that since my trading rules were statistically significant and reliable, and ...

Technical Analysis Fallacy

I've developed a special interest in both the GA and the EA. Could take several weeks to unfold, but these 2 have wonderful structure and possibilities. Summer trading rules are in effect.

Technical Analysis Fallacy

Yes, my thinking exactly. Keeping a watchful eye on square up opportunities in preparation for Thursday. Of course, I have no idea where it's going, but I would not be surprised.

Technical Analysis Fallacy

Thanks fti. And I've read several articles this weekend regarding US companies making plans for a long-term shift in US-China relations, for example, US/Australian joint venture in Texas to set up a rare minerals refinery operation, and several ...

Technical Analysis Fallacy

It's the end of the weekend and chart prep is done. I'm starting the week with focus on the majors -- G$, E$, and $J. Maybe add the $CAD. Not crystal balling or predicting, but I wouldn't be surprised to see dollar weakness this week. Lots of ...

Technical Analysis Fallacy