Quoting the two comments that nail it. Don't take them as negative comments, because illusion and especially deception have negative connotations associated with them.

Too Many Lies In The Forex Trading World!

These are all of your quotes, so let's be very clear... 1) You stated very clearly that Daily, hourly and minute charts are just noise. I am saying that this is completely false. If you understand how the market, any market, works than this is an ...

"good traders trade, bad traders teach"

You are absolutely correct about coming across as flaming. It obviously caused some heartburn with you. I wonder why that is? No need to answer to me. Actually you did say fixed salary both in your original post and in the rebuttal, regardless if ...

"good traders trade, bad traders teach"

The naivety on FF lately is overwhelming (probably a little too harsh). This post and some previous posts show the lack of knowledge about the markets, the players and you as a trader. There are too many assumptions in this post. Professional ...

"good traders trade, bad traders teach"

I am guessing this was in response to my post. If so, it is very apparent you are assuming many things that you seem to have little knowledge of. I can tell you two things: 1) Your 2 points are completely wrong, especially the second. 2) I know that ...

career as a professional FX trader for hedge funds, banks, etc

Interesting that you are able to categorize "most newbies". High for who? A "newbie", what constitutes a "newbie"? Depending on what you are trying to achieve this would seem low, very low. If that is your expected ROI from trading I suggest going ...

career as a professional FX trader for hedge funds, banks, etc

Briefly... Of the majors you have USD & JPY as safe haven currencies. AUD, NZD, CAD are risk currencies. When the world is in a risk on environment money flows to risk currencies. In a risk off environment it is USD, JPY. The others fall somewhere ...

Aussie Dollar Strengthened by Turkish Lira Rate Rise. Why?

"Worth it" is relative. You will need to prove yourself over a long period of time to access that amount of money, in my opinion, depending on the model of the firm are they aggressive or are they turtles? Again, not all firms are alike. Same answer ...

career as a professional FX trader for hedge funds, banks, etc

I am not sure what proprietary firms and their business models you are familiar with, but I can safely say your statements are completely inaccurate. They pay what you are worth, or put differently you make what you trade in my experience. You must ...

career as a professional FX trader for hedge funds, banks, etc

I don't know all of the regulations that encompass institutional entities, but they are regulated nonetheless. US retail traders are restricted to 50:1 and as a prop trader I am able to leverage higher. I am allowed 100:1, but I do not know if that ...

career as a professional FX trader for hedge funds, banks, etc

This is a limiting belief of yours and will create a barrier to your trading success. There is a huge difference between trading and investing. You need to understand the difference. By your statement of 20% per year it appears you are talking about ...

career as a professional FX trader for hedge funds, banks, etc

This is actually quite contrary to what I have witnessed. In fact it is not the lack of survival instincts that gets people into trouble trading, but the lack of control of those deeply ingrained instincts and subconscious conditioning. I am not ...

The one reason that trumps all other reasons why traders lose

NY Rollover. On a daily basis it is the most important period. Without getting into an argument, yes there are many important times, but this time in my opinion is the most important. With that said in the grand scheme of things you can sync your ...

Ex Institutional Trader

I'll bite... Interesting thread and I am not making any claims here, but... What is a chart? It is just a collection of data correct? Who's chart are you looking at? Is it yours or someone else's? Are you looking visually at the chart or are you ...

Extracted Thread (per thread starter's request)

You can take any oscillator you would like to make it look similar. What you need need to be aware of is what values you are calculating with the oscillator, why are you calculating them, and what the end results are. An oscillator is different ...

Extracted Thread (per thread starter's request)

Interesting because I entered a buy on U/J on nearly the exact candle after an engulfing bar and pullback to PDL and targeted that 100.80 level. Now I am doing this off that wick encompassing about 3-4 levels. I was happy to see the entry candle ...

Ramblings of a Forex Junkie

SP, Curious if you traded into the U/J 100.80 this morning for the 10 o'clock? Edit: Appears all money is flowing U/J. I should say is driving the flow.

Ramblings of a Forex Junkie

Asia Open, but should just have said Tokyo Open. I was just saying that there was plenty enough in the move for a good R:R. If entered at prev week low the move contained 88 pips and if entered at the break of the 1st 15-minute TO it had given up to ...

Ramblings of a Forex Junkie

That input is drowning in reason... Current move is 88 pips from entry at WL or 58 at AO where SP entered. Pretty sure doesn't matter how long it lasts, it hit resistance at more than enough R:R. Even if you eyed a greater TP you have some support ...

Ramblings of a Forex Junkie

Was starting to think the same with the US holiday weekend... My reason for seeing the U/J propped up in the chart along with the session O & C's above and only the PDL below. Hope I am wrong cause I am in E/U right now with a protected ...

Ramblings of a Forex Junkie