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- webart replied Nov 20, 2020
What a joke. It's never been easier to trade Forex than now, the trends are long and the charts predictable. Sure a beginner can loose all their money, but 3 out of 4 small business fail in the first 5 years in Australia too (1 out of 3 in 12 ...
- webart replied Jun 4, 2014
Remember that the vast vast majority of people loose everything in this game, that is normal. Over the long term the success is 2-5% depending on the figures you use. As for loosing, I lost $8K the first week I traded and it hurt, it make me ...
- webart replied Feb 13, 2013
Yeah well we have gone full circle. Your saying Ras should tell us how he made 2000% in a couple of months while at the same time admitting that doing so will result in the market taking his system (gimmick) out. I've been trading for 20 years and I ...
- webart replied Feb 13, 2013
Exactly, and the way we correct the inefficiencies is to try to take advantage of them to make money.
- webart replied Feb 13, 2013
Well the only way to make money in the market beyond buy and hold, is to find a area of the market that is not efficient. The market often over and under values true value. So for example you might think the market has over valued so you sell it, ...
- webart replied Feb 13, 2013
I mean the market reflects value based on all known factors at the current time. You havn't read about market efficiency ? The market is based on it .. .. more or less. It's the more or less part where we traders hope to sneak in .... unless you ...
- webart replied Feb 13, 2013
I see what you are saying Kanzler, so seems all the more reason to keep a lid on it as long as possible. I guess your right from the market perspective making money out the up and down movements is a gimmick ... inefficient, the market isn't there ...
- webart replied Feb 13, 2013
Why would keeping an edge private ensure its short lived ? Have a read of The Encylopedia of Trading Strategies (Keffrey Owen Katz). They test every well known system under the sun, including infact solar and lunar cycles and out of all of the ...
- webart replied Feb 12, 2013
Well the world is a small place and the Forex market for retailers is even smaller .. about 100,000 traders world wide. 100,000 little fish waiting to be netted by the commercial trailers setting their traps. If it was just a matter of You or I as ...
- webart replied Feb 10, 2013
People and for that matter, commerical won't move onto the next big thing when the current big thing is making 1000% a month, they will when it stops working though and the very act of a great number of people using the same system is what ends the ...
- webart replied Feb 10, 2013
I have to agree with the comments re Ras keeping the method private. It will not benefit any person for this strategy to become public. The day it becomes public in FF is the begginning of the end. There might even be other people already having ...
- webart replied Feb 1, 2013
HI, do you mind if I ask if you are using MT4 ? If so scaled ? Cheers.
- webart replied Jan 28, 2013
They have an Edge. They are the fish that dosn't swim with the school.
- webart replied Oct 18, 2011
A greater SL than TP can work out ok in some cases, because you get a higher percentage of wins to make up for the larger SL, but there is a sweet spot. Backtesting shows this.
- webart replied Oct 18, 2011
If it got to 1.0100 and I was awake .. and provided it wasn't crashing with some bad news, I would jump right in front of it there .. I would have to.
- webart replied Oct 18, 2011
I got some more spare change (8 pips) from the double top and also one of my lines at 70 (sliding channel due to a breakout of the original channel) down to 44. Now its the news in 10 mins so will see what violence that unleashes on the market. ...
- webart replied Oct 18, 2011
My day has been up and down and up. Got a 15pip this morning, then got wiped out for -30 (wasn't at my screen there was a crazy little rally), now clawed all that back to be up 10 pips for the day, scalping all the way. At the moment the main S/R is ...
- webart replied Oct 17, 2011
Here's my chart at the moment for whats it's worth. Personally I think trying to go long or even short on a swing right now is just trading the (unknown) fundamentals. That's why I have been scalping more aggressively than ever, I just don't trust ...
- webart replied Oct 17, 2011
hey taxe ... too much for this kind of trading 3pips most of the time. Just went long 254, it's hold above this line, might get another few pips before bed. +8pip That was my last scalp. Gotta sleep !
- webart replied Oct 17, 2011
Selling a break of this median ... not takers yet .... Ed - Sold +8 .. might take it again if it confirms resistance on the same line. image Ed - No go on the reload .. it broke back above 50%. No real takers and slow momemtum on the break down ...