Touche' I guess we're all monkies. haha But didn't I also say that luck doesn't hold. The 5 pip scalpers will crash and burn eventually.

forex ain't hard

Let's take the DIBS method for example. It's based on PA alone and no matter how many people trade it or know it; it can't be undone. But in order to trade it successfully over time you have to have the discipline to sit in front of the screen for ...

forex ain't hard

That was the point I just made in my post above yours. There is no point in trading a system that does not work with discipline if the system in itself is flawed. Then the trader is just making the original problem worse. So which comes first the ...

forex ain't hard

That's a great point indeed. Trading yourself into oblivion just to say that one was "disciplined" is a very fine line. Which brings us to the specific system a trader is using. If a system is 50/50 and the RR is greater than 1:1 then it would stand ...

forex ain't hard

Aha therein lies the heart of the matter. Discipline only provides results for those who follow it. I can prove it to myself. I know for a fact that until I began to exercise discipline that I was an unsuccessful trader. Discipline made all the ...

forex ain't hard

right on — I'm not sure I've seen a more true statement on this entire forum. Discipline is the true cost of moving into the winners circle in trading Forex and most "traders" are not willing to pay that price. That's where the 95% fail rate ...

Success stories

logic trading — I trade by methods based only on logic and mathematical formulas. I've been where you are and decided that I personally cannot trade by discretion. I had to have hard and fast rules to follow that are rational and can weather ...

Dead end...

I agree with you. Anyone selling something to do with forex should be listened to with much skepticism. But those who give with nothing expected in return are usually the ones worth listening to but the hardest to find. Some of the best systems can ...

Money Management - the piggybank idea

I personally use 11PM EST for my Pivot Points, but many people use 5PM EST. The reason for using 5PM is because it's the last market to close on any given calendar day. During Daylight Savings I use 12PM EST.

what is the correct pivot point timespan

job well done — Peter I really enjoyed reading your "help for newbies" thread. It's nice to find traders willing to share with no expectation of return. I point as many newbies as I can toward your thread. Keep up the good work!

Help for Newbies (Discussion Thread)

still alive — Well it has certainly been bleak since I decided to share my system with you fine folks here on FF. I figured as much would happen. That seems to be the nature of trading forex. Once you learn something or figure it out it ...

the Set and Forget Pivot Net system

no news is good news — I feel your pain. I used to try to trade the news and realized that I was better off flipping a coin and leaving a huge SLs to weather the news wave. I found it was near impossible to predict which direction the ...

I dont understand market reactions past few months

The real question is will the gov't be handing out Soma also???

Nicholas Sarkozy could be the end of Forex

an update — I thought I would post the results of this system since the inception of the thread. The past few weeks have been rough for most systems and this one is not excluded. Of course once it was realized that EU and GU had a much better ...

the Set and Forget Pivot Net system

I'm not really sure what you're asking, but I live and die by Pivot Points. My systems are based on daily PPs and weekly PPs. They are one of the few 'predictive' indicators.

pivots points

Right on! Discipline is your strongest ally.

gambling on trades

I thought SetandForget did a great job! Glad to be back.

the Set and Forget Pivot Net system

I concur. Newbies heed his words.

What a great market...

10/8 Green Light — We have a go on EU for tonight.

the Set and Forget Pivot Net system