I had a good laugh coming across this post on the first page from nearly 5 years ago. Best advice in the entire thread.

Stochastic secrets

Only if by "almost 0 pip spreads" you mean half a pip or so. Anybody claiming something consistently lower than that is probably a market maker and not forwarding orders to the real interbank network.

To Good To Be True, FxStreet?

He enters where the bodies cross, not the wicks. When risk is too high for my tastes though I tend to lower my time frame to see if there's an obvious RBD/RBR/DBR/DBD pattern though to tighten it up. Downside is you may miss out on some entries, so ...

B.S. Trading with Kenneth Lee

Ah okay. I didn't see anything to do with martingale which is the usual culprit so something else had to be the cause.

Daytrading/scalping with high leverage - my proven strategy

How did you end up losing the vast majority of your capital in the span of a day? I mean I commend you for having the guts to keep the trade explorer open where most (including myself) would have hidden it, but there should definitely be something ...

Daytrading/scalping with high leverage - my proven strategy

TraderJoe, while I agree with the majority of your post, I do have one personal gripe. Why throw emotions into the mix when you're only trying to figure out if a system is valid or not? By the end of your trial period, if it all goes to hell anybody ...

Still losing

Agreed. I've lost no more than $80 trading the last two years to get where I'm at now. I MC'd my tiny account, figured out I didn't know as much as I thought and switched to demo. If you lose $30k you're either already very wealthy or don't know ...

Still losing

I notice one screenshot says "AVG", while the other does not. Are you sure the charts are being drawn the same? Some software can draw the chart using an average of the bid and ask while others display them separately. I suspect this is an ...

FXCM Discussion

Sounds good, I might drop by once in a while as these types of journals are somewhat rarer. I'm still struggling to do this correctly and have in general break-even results, but going back over my trades there are things to be improved that would ...

Potential Trade Set-Ups

At the beginning of this thread it looks like you were trying to profit from "classic" types of price action setups, but I was surprised to see it quickly progress to supply and demand analysis. How are you coming along in terms of profitability? ...

Potential Trade Set-Ups

Oops, not sure why I wrote Julius. Thanks for the link, I'll take a look! Edit: That's exactly what I wanted - much appreciated.

FXCM Discussion

Easy peasy. image There should be an explanation in the PDF at the start of the thread. But from what I understand you should look for a new supply or demand zone around that swap level to enter on. Dial down to smaller time frames if necessary ...

B.S. Trading with Kenneth Lee

Kenneth, I noticed in some of your posts that you'll "almost always take a trade off of the 4 hour charts" - have you found them to be more reliable than faster charts in general? I appreciate the reply outlining your rationale, that explains what I ...

B.S. Trading with Kenneth Lee

Blanket statements serve some good purpose in this particular situation. It's like EAs and "robots" - sure, someone out there is making money with them. What exactly does that mean though? In the long run, not much. Somebody is always going to get ...

Signal service skewing results: Is this normal?

I don't trade the 5M as spread eats way too much into it, but how do you figure 1.2929? I see something resembling a base for 1.2940 (would have to look at shorter frames to double check that, because on the 5 it still looks like a spike with no ...

B.S. Trading with Kenneth Lee

Julius, I have another question about placing orders. Is there any way/trick to create a "break even" trailing stop, that only moves to 0 once price has moved x number of pips from the entry? The standard trailing stops don't do that as they'll ...

FXCM Discussion

Thomson Reuters is what most use as they release 2 minutes earlier to subscribers than public but it's insane expensive. Not worth it in my opinion, especially when the market behaves erratically before and after releases anyway.

Breaking news is interfering with my trading

Nobody ever said the markets were supposed to be fair. People use whatever advantage they can get to make money off of each other - there isn't anything you can do about it.

Breaking news is interfering with my trading

Like others have said signal services are crap. Most of them only tell you to "buy" or "sell" anyway, with no regard to limiting risk with a stop or designating a take profit objective. You have places to do both but neither make much sense in terms ...

Signal service skewing results: Is this normal?

It did a good job of screwing mine up too so there was a bit of a delay before price started to show where the important areas were again. But by Monday afternoon things were starting to work themselves out.

Anyone else sitting bored after last weekend's events?