Nothing is guaranteed in life, especially in trading.

5 to 10 pips guaranteed trades - martian style journal

Why?

EURUSD

Missing this one by a pip has ruined my day.

EURUSD

A question any trader should ask before going live - are you risking pennies for dollars or dollars for pennies? If you're doing the latter and/or using some crazy system like the martingrail betting system, it's time to rethink what you're doing.

Is demo a step before real trading?

To clarify the "bucket shop" question, there are two relevant legal sections. The first is that created by the US Supreme Court, as follows. FXCM's execution models do not fall under this definition. The second relevant legal section is the ...

FXCM Discussion

The mass psychology argument is a valid one. But like others, including fibonacci and especially "big round numbers", there are some major issues you have to contend with. In particular, where should you place your stop? It's not clear where to do ...

Stochastic secrets

Closed my Yen short today for 3.4R and reversed it, exited that for a razor thin loss as PA isn't behaving on UJ or EJ, suggesting some yen strength. Cable starting to really bother me as it's retraced almost to my entry and will knock me out at ...

EURUSD

I'm quite happy trading like a "dummy", the results of practicing s/d analysis have been some of the most consistent profits I've ever produced. I suppose we'll see how my account turns out in a few months, which is the cutoff date for me to analyze ...

''Trading Price II'' by PhAnti - have fun

Did I misunderstand your question?

What do these Price Action Gaps mean?

It's just an indicator guys. It lags. There's no secret to it, it takes old price action and draws a nice line with it. Dump it and you'll be on the right track.

Stochastic secrets

Cut it for a razor thin 3 pip loss. You're probably right but I'm not comfortable holding trades that behave like this, although sometimes they do end up going the original direction. The longer they hang around the demand zone the more of the ...

USD/JPY Discussion

It means that there wasn't any supply or demand at that price level, so price moved elsewhere to find liquidity. When you can't find a seller at a higher price, all the market can do is move lower until it finds a willing supply of buyers, at which ...

What do these Price Action Gaps mean?

It gets too much to bother with with FIFO rules in the US meaning I'd have to be really careful closing out positions. That and trying to play higher time frame levels while entering on lower ones in between starts to become a little distracting, to ...

USD/JPY Discussion

+3.4R....reversing my position, let's see how it behaves.

USD/JPY Discussion

Someone puts together a quality piece of work while asking nothing in return and all you have to complain about is the download service he chooses? It's not like it's fileice or sharecash, geeze. Next time a simple "Thanks PhanTi" will ...

''Trading Price II'' by PhAnti - have fun

This last week the PA has just been slow on quite a few pairs...crossing my fingers we have a little more movement kicking off April. Two of my 4H trades from last week are still open and floating between levels, all the while accruing charges for ...

EURUSD

I don't mean to be snide, but what might that be?

Stochastic secrets

So the money of the 95% of losers is just disappearing into a black hole in the Reuters network? Somebody is making the money from the people who are losing it, there's no way to get around that fact. Sure proof is scarce but if you're making bank ...

Can you honestly earn a good living or even get rich through forex?

Keep playing with your voodoo lines and see where you are in two years. Just my two cents, take it or leave it.

Stochastic secrets