Hi fxscroll I clicked on your link to advertise my fx website and it gave me a 404 message - is it still possible to advertise with you?

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Hi xtrader - you're right I missed the fact I was actually replying to rooicol's question like you. I hadn't seen you had done quote and reply. Good to know we are on the same page!

Why do Newbies Lose?

Hi x trader - newbies lose because it isn't actually a 50/50 chance of it working. You can put a 100 trades on when you don't know where to get it and where to put your stop losses in and all 100 fail. Trial and error never works. In fact if you got ...

Why do Newbies Lose?

I agree with your posting, all of these indicators are tools not REASONS to take trades and the more you put on the more confusing it gets. The markets are indeed 'live beasts' and I like to simply trade on price action, looking at what is happening ...

Technical Analysis Fallacy

I suppose I don't regard price action as an indicator - which is why I like it - it's what is happening right now. I take indicators to mean rsi etc etc

Trading with and without Indicators

Hi some good comments - my trading plan is set up to scale out of positions which I have now stuck with as it works for me. I take one lot off at 3:1 and move stop loss to break even plus the spread. Then I set my second target from looking at a ...

Price Action and Trading Discussion

GFT does global forex trading and I really like their trading platform too

Any broker allows lot size where 1 pip = 0.001 cents

I had to switch any music off as it was influencing my trades. When it was up beat - I was making mistakes and being a little gung ho instead of following the plan, when it was really relaxing my focus was effected - so the sound of silence is the ...

What kind of music you hear while you trade?

Hi I think the best thing is to use price action itself. I used to use indicators but now have taken them off and instead of 4 moving averages am down to 1 the 100 weighted moving average. The cleaner my charts the better I trade. All indicators are ...

Trading with and without Indicators

Hi gristar I will give it a go, not so easy in this situation I have attached 2 4 hrly charts on Eur/usd trade from yesterday (chart 2) and where the price entry level was identified way back (chart 1). I identified the level on chart 1, price had ...

Sam Seiden's supply and demand - Does it work?

Hi Miyo He is one of those rare teachers where he proves he is very profitable and does live trading - so you can see it actually does work. He's an empassioned sharer and teacher. He does set and forget trading so has plenty of time to teach. I ...

Sam Seiden's supply and demand - Does it work?

absolutely agree Mima - it is a fine distinction and the basis of a great trading plan - did you learn with SS too?

Sam Seiden's supply and demand - Does it work?

Hi nomadic123, I am one of those people who trained with Sam Seiden and OTA and I use supply and demand in all my trading, forex, futures, shares and commodities. It took me a while to get consistently profitable, but have been for the last 2-3 ...

Sam Seiden's supply and demand - Does it work?

Hi I think newbies (and some oldies) lose for a variety of reasons Not sticking to a strategy long enough to learn it and make it work. If you keep jumping around adding indicators, changing win/loss ratios etc then in the end you never get to have ...

Why do Newbies Lose?

Hi Joey, perhaps a question would be why you would be looking at a chart to see what the news has done to it? Are you trading the news or do you have another reason for asking?

Can news out of one country affect another?

Hi Alex, even though the short didn't work, the longs did. Good trading day for you. How long have you been trading your strategy? How do you decide whether to go long or short? I use support and resistance also as the fundamental starting point of ...

Price Action and Trading Discussion

Hi Dark wolf My entry criteria is based on a pullback to re-engage with the trend - I would be looking for a 3:1 trade minimum so with my target at 1.0393 that would be 1.:3.6 so 24 pips risk for 88 pips reward. What kind of stops do you use? I ...

Price Action and Trading Discussion