Psychology is EVERYTHING. It comes before MM because it makes the difference between good and bad MM. If you haven't learned that well.........best of luck. Feel free to just say I am wrong and carry on with whatever it is you do.

Don't play games with demo accounts

As 'moronic' as operating on real patients is a metaphor to trading a $100 account? LOL! Your metaphor isn't much better but feel free to run with that if it makes you happy. Unless of course if you never learned proper money ...

Don't play games with demo accounts

Your analogy is completely wrong. A doctor can kill a patient. You cannot equate that will blowing a $100 account.

Don't play games with demo accounts

I think YOU misunderstand what I am saying. Is jogging to the curb and back gonna condition you for jogging? No and neither is trading a penny a pip. But tomorrow you can trade 2 pennies a pip. Next week maybe you feel ready to trade 10cents a pip. ...

Don't play games with demo accounts

Nothing can substitute for real time trading with real money. Nothing! The truth is that a lot of things work. It's the psychology that kills most people and you cannot simulate it. It's like playing a video game of yourself jogging. Do you feel the ...

Building an equity millipede

Forget all that. Seriously, I think you are making it far more complicated than you need to. I think you should just go with #2. Graeme gave you all you need. If the daily is below the open then sell, if it is above then buy. That could be your one ...

Building an equity millipede

Yup, the stupid it burns. Makes the guy with the astrology charts look sane.

EURUSD

Can I interest you in some gold coins to get you through when money loses it's value. You are EXACTLY our kind of customer! LOL!

EURUSD

My millipede lost a few legs today but the little guy just keeps going.

Building an equity millipede

Did you read the NOW released statement? There is nothing in there that wasn't expected. Certainly nothing that negates the China reaction.

EURUSD

There is nothing of any surprise in that statement. Can't understand why the markets jumped back up to where they started today. Too unpredicatable for me. I'm gonna sit on the sidelines for now.

EURUSD

E/U just jumped 60pips in seconds! There must be some big news going on somewhere.

EURUSD

Wholy sh*t. Can someone just tell me what just happened? Did some big news just happen?

EURUSD

It does not matter how many currencies. All your trades should be at BE so if they all got stopped you lose nothing. However, as I said, while you are waiting for new entries to move far enough to allow your SL to BE you should have no more than 4 ...

Building an equity millipede

I edited this and removed the 'central' part but you had already commented. But then you disagree with that too. btw....the earth is round. Look forward to your post saying it's flat.

Cable Update (GBPUSD)

It was high frequency trading. Probably from a handful of the big players. They said that it wasn't someone putting in billion instead of million. What I suspect is that it WAS someone making a mistake on a high frequency trading algorithm. I saw a ...

Cable Update (GBPUSD)

banks decide and it's all supply/demand. Everyone should have a basic understanding of this before they bet one penny. url

Cable Update (GBPUSD)

That was just an example of what I do. It may not be what works best for you. Maybe you feel very confident and want to risk more and don't feel it affects your judgement. Maybe you get all nervous and sweaty and can only make good decisions at ...

Building an equity millipede

I only put that link up there because someone said that everyone was short and that chart proves them wrong. If anything, I agree with you. That chart hasn't changed much from Friday morning. So basically the majority of traders lost money on Friday ...

Cable Update (GBPUSD)