Good post Cory, keep up the good work.

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

"Just" 20% a month you said? That means you can multiply your capital almost 9 times over every year. Hold on, I have Soros and Warren Buffet on the line, they are dying to do business with you. "It's not a question of enough, pal. It's a zero sum ...

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

You did not understand my post, I ALREADY have a profitable trading system, I just want an even better trading system. This is why true, passionate and motivated traders are always looking for a better system. Only mediocre traders are always happy ...

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

Price, our friend Reres does not want to make money trading, he just wants to understand why this and that works or does not work. You can show him the location of a gold mine and tell him to just dig there and he will become rich and he will say : ...

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

No you are right, trading Forex does not require a college degree, it only requires a lifetime of studying. A true trader is always looking for the ultimate trading system that will give him the ultimate edge. This is why he needs to read every ...

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

Yen is down and is strongly attracted by the 77.15 level. Wait and see...

USD/JPY Discussion

It is just a figure of speech, when I say I always assume that any trade I place is a losing trade it simply means that I am always ready for any possible adverse move and that my stop is already in place, before I even consider taking the trade in ...

USD/JPY Discussion

Yes, but knowledge comes after years and years and years of studying those charts, day after day, week after week, month after month. Reading tons of trading books also helps, otherwise it could take you 50 years just to figure out simple concepts ...

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

Well you are almost the only here claiming that TA does not work, so where is YOUR proof? Show us that it does not work, Herr Professor. So if nobody wants to show you the location of his gold mine in, say Alaska or California, then, according to ...

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

Werido, you should not concern yourself too much with these questions. A trader should only trade what he sees on the chart, right here right now, and never base his trading on rumors or expectations, even though he should be prepared for any ...

USD/JPY Discussion

Well reres, we just explained to you that TA works because the market is not random. And it is not random because traders keep behaving the same way over and over again, when confronted to the same situation. This non-randomness IS our trading edge, ...

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

I noticed that on Sundays, after the first few hourly bars, there is a tendency for the price to fill any "gap" that might have occurred. Once the price fills that gap THEN the trend resumes.

USD/JPY Discussion

I am.

USD/JPY Discussion

I agree 100%, most traders have a hard time making just 50 pips a month on a consistent basis! About 70% of traders lose their money after 4 months. After a year or more they are history, except for a few persistent and highly motivated individuals. ...

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

Well it's only 6:50 AM in Tokyo, give them at least the time to prepare their morning tea

USD/JPY Discussion

No they don't Allan, they just appear to be trending for a short period of time. If you flip a coin and Head comes up, the probability of obtaining another Head is always 50%, where is the trend here? On the other hand, if a currency pair moves 100 ...

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

True, but that "random" event could also be in your favor. I would welcome a 500 pip spike anytime, if it is going my way

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

You are absolutely correct, a trader needs an increasingly robust and powerful system to make it on the lower time frames, as the spread rapidly becomes his worst enemy, especially if he/she is aiming for a very small profit per trade.

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

I understand perfectly what you are trying to say, but I did say 4 pips average PROFIT per trade. In the first case your profit is only 20 pips/day, while on the lower time frame you are making 40 pips/day.

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

JPY Trade Balance is due in a few hours (19:50 EST), that could move the Yen fast...

USD/JPY Discussion