I'm not either. I had my delusional phase where I thought I'd found some great exploitable niche....actually, I do know one inefficiency in these markets but without millions already in the bank it's a waste of time. And people with millions can ...

Do You Have A Winning Mentality?

He's right though. Most people crash and burn and lie about it all the way through and then disappear. Then everybody else reads their delusional posts and gets a false hope from it. This business is very difficult to build the right mentality for. ...

Here's the answer to "Can I make a living from forex"

Welcome to FOMC hell - you'll see the same thing happen on NFP. Avoid these events like the plague as spreads go insane; in fact I cancel all of my pending orders on these days as well as cover already active positions to break-even. What you see ...

EUR/AUD SL executed at FOMC time illegal?

Better for newbies to have a loser's mentality because you're going to lose your account at least once...last thing I like to see are strongheaded but foolish people who jump in with the sharks and think they can swim their way around them.

Do You Have A Winning Mentality?

Not really. I have a trade plan and know when to get in and out...but this person I really respect who does this for a full time living had a strong bearish bias on a market I was shorting and so I took profit way too early. It ended up going over ...

EURUSD

Personal opinion is that he was more of a lucky gambler than a trader from what I read in the book...but hey, maybe what he told wasn't all. Meh, just interesting discussion.

EURUSD

Money isn't everything but he said some wise things that are dumb to ignore. Over time you'll figure out what's true and what isn't.

EURUSD

I only look on 4 hour and up and there's nothing right now on that that's particularly catching my attention. I screwed up this month missing some great opportunities because I dropped a position out of fear because a person I respected had a ...

EURUSD

I'm having a good laugh as to how the Fed fucked a bunch of people over again with their surprise announcement. Exactly the reason I cancel all my trades on FOMC days...

EURUSD

Oh I see. Well, enjoy your profit while it lasts. Averaging losers and exposing yourself to unlimited losses works for a while but not forever, eventually you'll get burned badly. You can't have risk management if you can't allocate your risk ahead ...

Cable Update (GBPUSD)

I'm not an indicator person as you know, but good job on the returns. What are you doing to determine a stop loss though?

Cable Update (GBPUSD)

Price goes up, price goes down. Not a surprise, but forecasting when that happens can't be based on "it's just too high". Price is never definitely "too high" or "too low", otherwise you'd get rich using a stochastics indicator...

Cable Update (GBPUSD)

Uh, yes it does. Compare the circled rally with the current one and then tell me PA can't go "straight up". Or have a look at any yen cross the last few years. The market can remain irrational much longer than you can remain solvent. Don't try to ...

Cable Update (GBPUSD)

image

Trading wisdom from 30 Under 30

Some of you guys are totally delusional. And just to let you know...your broker probably isn't the problem, it's your awful trading bankrupting your accounts.

What are we all looking for from a Broker

No. But I stumbled across this as I actually happen to have a shot on Cable at the moment. While there's a good chance it can still bust through the orders present here....it's largely irrelevant, as the chance of entering into the start of a ...

How far down do you think the Pound is going? -Daily Chart

There's no difference in how the charts look now than how they did 50 years ago. Same psychology, same market behavior. Crosses/exotics are dangerous for a couple of reasons; first is higher spread, and second is that they're often strongly ...

Hard Way, Easy Way

There's no easy way here. Never was and never will be. Not trying to knock you or trash your thread with a short reply, but I think it's just the basic truth. You want a hard road, you certainly picked one. Not physically, but mentally learning to ...

Hard Way, Easy Way

Blah blah blah you're just chicken. I called it a few posts ago...any excuse not to do it.

The whole 9 yards

I wasn't aware we were having a fight, just a friendly chat. Sorry it seems to have riled you...and as usual, an excuse as to why you can't do a live trade. Really, a few trades a signal service does not make...what are you afraid of? You can boost ...

The whole 9 yards