Quote: Originally Posted by philmcgrew image There will be no trends in the future? I think they are back-test traders, if they cannot determine what the trend will be in the next 1 min, 1hr, 24hrs and the greater future. if they say they know ...

"Trend" , how do you actually trace the current trend ?

You've already got it - definitely down to strategy and the individual; what and how they trade. You'll come across extreme examples of both ends of the spectrum in trading systems, like hideous ones where people bank on getting just 10 pips a day ...

Win/loss ratio question

Bullrock, I did tons of analysis on coin-flipping to work out the effect of effective SLs and TPs a year back, to work out what a dumb system looks like (to compare against as a baseline). As you know, the chance of a win assuming no SL or TP is 50% ...

The Coin Trade System aka Flip The Coin

contest over! — It might be a pissing contest, but it was a good read. Warren, you may be an excellent trader, but I've got to say, fsiltd has the edge when it comes to words... David has it spot on with the positive thinking - it doesn't ...

Why do 99% of the people who wants to be traders fail?

"Well, triphop - how far should be the stops? 500 pips? 1000 pips? One high spike during the news or pleasantly arranged by you broker could get it hit very easily on high volatile pair especially if price has been going in that direction for some ...

The reason why 95% of new traders consistantly lose money

Fair enough FXTitan, and great you're having success with your method. But I'd say there's three reasons why new traders consistently lose money: 1) Stops are too close 2) Undercapitalised 3) Profits are booked too early Combine the three and you ...

The reason why 95% of new traders consistantly lose money

Crikey, depends on who you ask... you know what soultrader would say... One thing I've definitely learned is you have to truly, truly believe what methods you are using to trade with, otherwise the slightest loss will make you doubt the method to ...

Question to Soultrader

Hey Fadetobla, Higher highs and higher lows - on the up Lower highs and lower lows - on the way down. We're both right... S&R levels - this explains far better that I could hope to

Question to Soultrader

Re big balls trading... some back of the fag packet calculations. Assuming blind trading on the open, in the past 5 years, you'd lose around 90 times, total of -12000 pips on GBPUSD. Say 3 pip spread, total outgoing of -15000. Wins are around 1200 ...

Looking for extreme trading systems

Interesting topgun. Did it give headline stats on those pairs?

How much money can a seasoned semi-pro make with trading on Forex?

Or even just have a look at the tab above your head, news... Also good to have a look at is the effects of news on price

news

Do as per the Jacko (see journals thread) and anti-hedge it. Close it down, wait for price to drop a further 50 pts, and set your buy at the level you closed down and wait for it to be picked up on the way up. It's got it's drawbacks, but holding on ...

Did I miss the train?

European Central Bank - responsible for setting the interest rate of the Euro among other things.

Hedge

You need to PM him to get this posted in his clinic, unlesss he sees this... And to PM you now need 15 posts. Buy strength simply means buy when you see a pair is on the up, sell weakness, sell it on the way down. Usually strength indicated by ...

Question to Soultrader

Check out the user Goodthings on this forum, he's provided an amazing amount of stats on all the major currencies

Average trading range for each session

Nasty Branco, very nasty. From the way you're writing though, it does sound like you've learned every lesson that needs to be learned, admittedly in a way you'd rather not have experienced... Best of luck in the future. And just tell the wife you ...

How I blew up my account in 3 weeks

"Well, good luck finding anything that stops exactly at a specific level my friend." Mr F, but that being the case, would you accept that the Fib levels are fairly arbitary? In fact, forget the golden ratios, I reckon it'd be just as useful having ...

Why Fibonacci Retracements are Bullocks

"Enjoy these quotes You must understand it, go into it, examine it, give your heart and your mind, with everything that you have, that depends on you, and not on someone else, because in this there is no teacher, no pupil; there is no leader; there ...

Self Help Regurgitation

786, there's obviously a mountain of good info on this forum but the school at babypips here is an excellent place to start

Need Step by Step guide for a beginner and have some questions?

Thanks, but why? I mean what's your thinking?

Start GBP trade Now Make a Great PIPS