I've had to ask myself this question many times. In fact, every time I read a post by a proponent of some strategy or system I always try to figure out their motivation. In this kind of environment, you just have to, otherwise you fall prey to in ...

Why are most Forex Authors not active Traders?

I hate to be the bearer of bad news but you'll probably turn $800 to $0 before you get it to $2000. We all want to escape the wage slave life but unless you have a strategy that you know for a fact works you shouldn't be throwing your hard earned ...

$800 to $2000... Day by day

One of the things that I've never understood is why anybody would actually want a standard account when you can better manage your position size with a mini lots, so this is a most welcome development.

FXCM Discussion

I notice you place price action at the top, but price action is a very subjective study in itself. Does it refer to candlestick analysis? Patterns like ascending triangles? Head and shoulders? Personally I've never seen much of an edge in the above ...

Here are the top forex trading strategies - honestly

Thanks for continuing to add these 'quiz' type posts, they help boost my confidence that I'm seeing things correctly. Swap areas are something I struggle to see sometimes.

B.S. Trading with Kenneth Lee

My best stab at this.

B.S. Trading with Kenneth Lee

Sometimes stating the obvious can be helpful. One thing I've found fundamentally flawed with trend following systems is that "trends" are completely arbitrary structures and depend entirely on how someone defines them, much like many other widely ...

Myths and Legends

What happened was that they had a temporary quirk in the markets. A gimmick through which they were lucky. Like most people here they ran a "system" which had rules that had to be followed. Eventually the market macrostructure shifted and that ...

Myths and Legends

I have one bad system that trumps all the rest of them: martingale betting. Bad enough to almost bankrupt UBS. Maximum drawdown was nearly $12B and by the time they caught the guy he was up to $2B in losses again.

Are you willing to share your poor/ bad/ loser/ lousy system?

You just have your own character. Sometimes I might give you shit but it's nothing personal. You take it easy too!

Define discretion

I think that's the most agreeable thing I've ever seen you post.

Define discretion

You just lack discipline you should cross when it turns green, pay no heed to any oncoming traffic that didn't notice the red light.

Define discretion

Tried again just a little ways up and so far so good....

B.S. Trading with Kenneth Lee

One of the few opportunities available today from my perspective. NFP and Fitch downgrade really screwed the short term charts up. AUD/JPY, hoping to get an entry, wanted to see it react first. Edit: Stopped out. Can't catch a break today.

B.S. Trading with Kenneth Lee

See the last few pages of discussion. Hardly a surprise - if it looks too good to be true, someone is probably using poor money management.

M1 scalping discussion

Glad I didn't stay up any longer, what a mess. NFP blasting through all the good levels on almost every chart I have up and then the surprise Fitch deal leaves little to be traded today.

EURUSD

I've had this person on my iggy several times but for some reason I feel the need to defend others against his/her ignorance so I routinely remove it to see what kind of nonsense is being spewed. Just the other day they were defending the martingale ...

EURUSD

You should stop pretending you know anything. How is that martingale working out anyway? London has been a nasty piece of work this week for some reason or another. Just got burned on my Kiwi trade after those bastards insisted on pushing price ...

EURUSD

And I assume since you're such a great programmer you can write all of the code necessary to detect the vast number of subtle variations of patterns that the human eye can readily detect? Good luck with that. Programming intelligence is a nice ...

Define discretion

Nonsense. Almost everything in trading has an element of subjectivity to it. Unless you're running a rigid, mathematically based system you're probably using discretion in trading. What direction trend are we in? How are you defining the trend? Is ...

Define discretion