Even if you automate this system your Forex broker can close your account if you keep trading that way.

Best system to take advantage of negative commission

Over and out.

EURUSD

91 pips are up for grab on the euro as we speak...

EURUSD

Yes my friend, the 3AM bar was indeed a phony wide-range bar. This purpose of such a big fake hourly bar is to trick the short players and burn their stops. Once the market makers take your stops at that level then the real trend starts. (Personally ...

EURUSD

Why some people think that it is impossible to make money on the lower time frames (1, 5, 10, 15 min) is really beyond my comprehension. It is as stupid as saying that the Law of gravity only works on large objects, not the small ones. Anyway, I am ...

Where is the EDGE in trading? The most important thing in trading!

Well, while you were busy repeating that we cannot make money with the lower time frames (??), I just picked up 32 pips on the AUD/USD on the 1 min this morning. Now look again at this 1 min chart and tell me if it is any different than the 1h, the ...

Where is the EDGE in trading? The most important thing in trading!

Hold on NewYear498, let me write this profound idea down before I forget: "if we have never seen something before then it simply does not exist, period". Marvelous! Simply brilliant! Why didn't I think of this before?

Where is the EDGE in trading? The most important thing in trading!

Those of you who are interested can get a glimpse of the fractal nature of the market by consulting the now famous Scientific American article (February 1999 issue), "A Fractal Walk Down Wall Street", by legendary mathematician Benoit Mandelbrot. ...

Where is the EDGE in trading? The most important thing in trading!

Yes yes, you are always done talking to people... until the next time that is. As far as I am concerned I am done with you for good, period, as soon as I hit that Ignore button.

Where is the EDGE in trading? The most important thing in trading!

Look at this image Nubcake, it's called a fractal image (google for "fractal images" and see how beautiful they are). It has been generated by a computer using a complex mathematical formula. At first glance it seems like a unique image, but if you ...

Where is the EDGE in trading? The most important thing in trading!

Exactly Personally my systems only need the last 100 bars to generate buy sell signals, that's it. Because let's face it, who needs support and resistance lines dating from War World 1 to trade, anyway?

Where is the EDGE in trading? The most important thing in trading!

The goal of this little experiment was to prove that it is very hard to distinguish between lower and higher time frames, given let's say 200 bars of data. Reres claims that is impossible to make money on the 5 min bars for example because these ...

Where is the EDGE in trading? The most important thing in trading!

Wrong Sherlock, those are daily bars from the USD/NOK, from February 17 to now We can continue all night and your score will be near 50% correct answers (random predictions). See how difficult it is to tell the difference when the time frame is ...

Where is the EDGE in trading? The most important thing in trading!

Nubcake, even if I go back to the year 2000, there are only about 132 monthly bars (12 months x 11 years = 132) I can post on the screen.

Where is the EDGE in trading? The most important thing in trading!

How about this one, daily chart or 15 min chart? And again, how can you tell?

Where is the EDGE in trading? The most important thing in trading!

Well let's see about that. Look at the following chart, monthly or 1 min chart? And more importantly, how can you tell?

Where is the EDGE in trading? The most important thing in trading!

Really Nubcake? Give me a few minutes and I will post a couple of monthly charts and a couple of 1 min charts (the time frame and the price will be of course hidden) and I challenge you to tell me which is which. Game?

Where is the EDGE in trading? The most important thing in trading!

I used to play the option game and I got burned bad. Sure you can make a "quick" $1,000 profit if you aim for a small $0.10 move, but if the stock never exceeds your strike price or if it goes south your could lose $5,000 or more depending on the ...

Where is the EDGE in trading? The most important thing in trading!

Thanks for the link. Yes a few interesting ideas here and there. I like the concept of combining options and Forex trading for example. I used to do that when I was trading Futures. For instance I would buy Corn contracts and immediately buy Put ...

Where is the EDGE in trading? The most important thing in trading!

Who told you that?

Where is the EDGE in trading? The most important thing in trading!