With trendlines formed on flags, pennents, and formations of this type of nature, I tend to let price hit or break the trendline and wait 1-4 bars to see what happens after. Depending on the PA (did we have a quick retouch to the trendline before ...

Strength Of Trendlines

Agreed with the whole post, but wanted to quote the most important parts. What I would love to see is a talented (or at least decent) discretionary trader post live trades for a few days/weeks/months. After there's a sufficient amount of trading, go ...

Indicators CAN work!

Timeframe does not matter much apart from adjusting your position sizing (to deal with larger stops), which I (perhaps foolishly) thought would be an inherent assumption there. Trading lower timeframes increases the decision making and the chances ...

Do you guys find that forex trading sucks?

Yup, that is literally exactly what I was thinking of when I say that better traders are discretionary (to a point) and able to apply their knowledge to multiple time frames (of course this wouldn't be pointed towards purely FA traders). I actually ...

Do you guys find that forex trading sucks?

one-loss strategies... love it.

No Loss Strategy?

Doubt it. In my opinion, the best traders are at least partially discretionary (and if you are not, don't take offense, this is just my personal opinion), and are nimble enough to apply their methodology and knowledge to multiple time frames. That ...

Do you guys find that forex trading sucks?

The purpose for me (not that you asked me, whatever) is to make a liveable wage solely off of trading profits. In a word, money, but money in and of itself is not the sole goal. I plan on trading as long as I (a) need to, and (b) want to. I may ...

Do you guys find that forex trading sucks?

No, it's really not. A 30% return on a $1000 account is $300. $300 is not shit. That's one night out at a nice restaurant in the city. You're telling someone trading a $1000 account that they should be happy making $300 in a year. Hell, multiply ...

Do you guys find that forex trading sucks?

I just think you're vastly underestimating the difficulty of leisurely travel for a lot of young professionals in today's economic environment. We (generally speaking, of course) all have student loan debt. Because of the housing market, we both ...

How old are you, trader?

All things that require money (generally lots). Hence FX

How old are you, trader?

Not much discussion here unfortunately, because I find breakouts a very interesting topic. For what it's worth, I would argue that some, #2 for example, aren't really breakouts. A very brief consolidation, break of the trendline which is then ...

All types of Breakouts

I don't think every trader's experience will have been the same. Long story short, after 2+ years trading I was down ~20% on my initial balance. From my last trade of 2010 on, I have been profitable and am up ~35% from the balance low/start of the ...

Break-even phase before becoming profitable?

First of all, it's been proven beyond a shadow of a doubt that earning 2% per day is achievable. That is the end of that statement. We know that people can and do earn 2% in a day. There can not be any disagreement with this statement, surely? I ...

I fail again and again and bite the dust

OK, and as everyone here will agree, eventually one of the accounts will be too large to consistently return 2% a day. If this was your only point, fair enough, you're right-- no one will ever be able to return 2% a day forever; it's a pretty lame ...

I fail again and again and bite the dust

Either you're obtuse or are purposefully framing the examples this way to make it seem impossible to return 2% a day. Nearly every statement on the subject I've seen from you says the same thing, "wow, 2% a day! you must be better than soros, why ...

I fail again and again and bite the dust

As your time frame and targets get smaller, the spread does account for more of your costs. In my opinion, apart from this factor, the only thing that makes the smaller time frames harder to profit from is that you must be quick to act; there may be ...

How do I move forward?

Wednesday accrues the Saturday and Sunday rollover interest, in addition to its own, hence the 3x; just a normal function of the market.

MB Trading Futures - Introduction

I agree about watching 5 minute charts and learning price action; I think the beauty to really getting a feel for PA and the way price moves seamlessly through some areas while being rejected in others (despite perhaps looking like the same pattern ...

How do I move forward?

There is no right time of day to trade, it depends on what you are trying to get out of it. Volatility is only beneficial if your system is able to take advantage of said volatility. Scalping is very adaptable and can be done in both low and high ...

I made my first profitable day! And a question

I think this is the second thread about women traders and your opinion that men make better traders (because women belong in the kitchen ). Why are you so concerned? If it helps ease your fears once and for all, women make better traders. ...

Who is the best in trading? Men or women?