all those time frames show the exact same info, just in different groupings. you could use any time frame for day trading, as long as it's less than the period your trading in. so for day trading, 1M all the way to 4H would work because it shows the ...

time frame, currency & chart duration

i agree with Tunera whole-heartedly. the only absolute thing you can rely on is experience. thats it. and i know its already said, but you gotta work on it and it will take a while. even doing it full time takes at LEAST three years. probably more ...

Best Trading System for a Newbie

i dont know about the UK, but in the US, forex funds arent allowed to advertise their existence. it has to be all word-of-mouth. that might be the reason you cant find any.

Currency Trading Funds

it depends on the bank/broker. a quick thing to note, you dont need to be an institutional type trader to manage people's funds. for example, interbank FX recruits regular retail traders to be CTA's for them. i knew a guy who managed accounts for ...

managing assets from family & friends

institutional = next step above retail. it usually means very large forex accounts. the general number is 100K plus accounts (varies person to person). most large brokers will have them, banks are better. look at DBFX, FXCM, Citi Bank (horrible but ...

managing assets from family & friends

i absolutely agree with this. no matter how good you are, at some point in your career you will lose a big some of money. that money is going to be people's retirement and college funds, or their life savings. you dont want to be responsible for ...

managing assets from family & friends

patterns are less reliable in tick charts, but trendlines work pretty well. you can only capture really short scalps though. but it works.

In love with patterns

why enter the first trades at all then? why not just have an imaginary hedge point, and only place the pending orders. the whole arbitrage thing is irrelevant if you are just going to place pending orders in the hope that one of the three pairs will ...

Circle

what about taking swap and spread into account? if you put all the trades in at one time, you will automatically be down 2 pips on ERUSD, 3 on GBPUSD, and 2 on ERUGBP which really is like 4 because of double pip cost. you are essentially negative 9 ...

Circle

candles will change, depending on what charts you are using, but patterns wont. heres why: if you are looking at two day charts, and one day starts at 0:00 GMT, and the other at 6:00 GMT, the candles will be different. however, since the patterns ...

Best Time format for Forex Charts

lol WHAT??? luck? hahah ok. it isnt luck if you knwo what you are doing. you cant predict with a 100% certainty where the price is gonna go, but you can have an educated guess on it. if your guess is right, that isnt luck. if it's wrong, get over it ...

What is wrong with me?

while i dont agree with the EA part, the majority of your post is correct. the only reason that traders fail is that they give up. they dont stay in the market. what fingers did was great. he did whatever he could to stay in the market, and he's ...

What is wrong with me?

nope. there was a story a few weeks back about the Supreme Overlord of America (SOA) wanting to eliminate the caymans as a tax haven. his team found a bunch of businesses registered under one address and decided that they should all have to pay back ...

mtrmth's trading chatfest

amen to that brother

mtrmth's trading chatfest

continually test it. test it before trading it, test it while trading it, test it after trading it. I'd say test for at least 3-6 months before trading it. just remember, keep testing it. always.

How long should you test a system for?

answer to question number 1 (where and why): image image

mtrmth's trading chatfest

HAHAHAHA!!!!!! thats mine!!!!! lol i posted it to make fun of people with retarded charts. i call it "acid number one". i also got this one: image i call it "the matrix"

Charts on Drugs or works of Art?

taskid is on the right track. it's called the ladder system. usually, the most you will for sale or purchase in the market is about 1-3 million units of the base currency at a specific price. because of this, you're order will have to be filled at ...

How are large trades filled?

totally hilarious dopey. loved it.

Is this analogy correct?

mohamed: yes that looks fine. support and resistance doesnt just have to be on those big peaks and valleys though. it can be any level the price bounces off of, but you've got the idea. good job! everyone else: dont just stick to horizontal SR. most ...

Is This the correct way to Draw Support and Resistance