These are the kinds of charts that make me feel stupid. This is less than 1 week of time on the 30 minute chart, the one I look at day in, day out. Maybe I have been fighting the market a little too much. I'm using a 5/13/62 method, the whole basis ...

Transition from Losing to Winning

Backtest — Another tip from my mentor: In Metatrader, take the chart off autoadvance, move it back a few months, then you can use the F12 key to advance one bar at a time. Then you can test a system, test your reflexes, your decisions, etc. I ...

Transition from Losing to Winning

Vlad, Tom and Alcastro, thank you for the kind words and encouragement. I talked to my mentor and we came up with the proper solution. I need to tighten the money management on swing trades. Take 1/4 position so that the 50 pip S/L doesn't blow my ...

Transition from Losing to Winning

Rename the thread? — Maybe I should have named it "Transition from Losing to Breaking Even". However, even that is quite a milestone. Closed out April down 1%. Break even, for all practical purposes, and my best month so far. To recap: I've ...

Transition from Losing to Winning

Coincidence does not prove causation. The majority of traders are men, and the majority lose. Maybe that's the problem? Nearly all losers trade the E/U. That must be it. How many successful traders use indicators vs. those who don't? That's the ...

How many of Technical Analysis based systems are junk?

The powers that be are making too much money to let the present system go away. There will always be something to trade.

robot traders

I've only been playing with these things for a few months, but I think you have nothing to worry about. Trading is an art. You can take the most solid set of rules, give it to 100 traders, and they will all have different balances at the end of a ...

robot traders

Chicken or the Egg? — Mark Douglas stated in "Trading in the Zone" that he spent 18 years discovering the difference between successful traders and the losing majority. This, he said, was strictly in their attitude, the winners had a ...

Transition from Losing to Winning

"Decision Points" — I want to give my mentor credit, yet retain his privacy. I want to relate what he's taught me recently that I feel will help others, but don't want to sound like I did it all alone. I guess it's moot if I don't ...

Transition from Losing to Winning

Money Management — First you need to decide how much of your account you can risk on any one trade. This depends on the success rate of your system, but a good rule of thumb is 2 - 5%. So you see a trade setup. Determine where you would set a ...

Transition from Losing to Winning

Money Management — First you need to decide how much of your account you can risk on any one trade. This depends on the success rate of your system, but a good rule of thumb is 2 - 5%. So you see a trade setup. Determine where you would set a ...

Please tell me your method!

The Gamut — Well, now are you REALLY confused? All the advice is right, and all of it is wrong. It depends on who is reading it. There may be some tidbits of good advice for YOU in all these posts if you can find them. And you don't know if ...

Please tell me your method!

April — If I can make 8 pips today, April will be my first profitable month. If not, it will still be my best month so far, close to even, and also the first month I haven't lost a good portion of my account. So either way, the improvement is ...

Transition from Losing to Winning

I recently heard that Bush's plan will have the budget balanced by the time he leaves office. So he'll hand the new congress the same thing Clinton handed him - a budget balanced just prior to leaving office - a budget that could not possibly work, ...

USD - What economic factors will make it strengthen?

EA to manage trade — Give the full set of rules un-ambiguously and I will program an EA that can be attached to any order and will manage the stop with this method. Like the others, I don't know where Y comes from.

Plutonite's Dynamic Trailing Stops

I've read the whole thread, and I'm going to disagree with myself. My statement above says "use 10% margin". In the real world, you can't keep this constant. You have to size the position based on your stop. Your stop in pips, that is. (Had to get ...

:: Pips are not what counts ::

I'm not sure what it means, but it humbled me much the way the market does. It seems to work just like the reflex that makes a person chase a trade, then get in right at the reversal, then take the loss right at the next reversal, over and over ...

Transition from Losing to Winning

Compiler failure — Open McAfee security center Choose "restore" then "files" Select "Metalang.exe" Then restore. I've emailed both Interbank and McAfee about this. For some reason Mc thinks it's a trojan.

Great GBP/USD Strategy for Swing Trades

Amazing mental exercise — I just got this in an email. I'm an intelligent person, I'm not going to tell you how many I missed. I didn't cheat, I answered them instantly. If you do otherwise, it defeats the purpose of the exercise. What does it ...

Transition from Losing to Winning

Because a pip for the yen pairs is = contract size x .8431 /1000. Put whatever number in there makes it come out right.

Transition from Losing to Winning