Greetings - Couldn't help but chime in. There is nothing special about this system that would provide any kind of edge long term...in fact, you will find no such system here. Nobody here will be able to prove with any significant level of confidence ...

MACD +60% Winrate 1:1.5 RR

Mikejody, I dont have any problems with the strategy nor with the fact that you cant watch it all day and night. However do not say that statistical probability strategies work as well as any other trading strategy. Maybe as well as any other ...

daily range Strategy

I too like to trade in the direction of positive interest rollover

What is your favourite indicator and why ?

Rsi — I like a simple RSI14. For me I have made alot of money in forex alone just using Positive and negative reversals on the 4 hour charts to signal trend continuation and divergence for possible reversals. I also use them to determine trend ...

What is your favourite indicator and why ?

What is even more interesting about this at first glance is that it would seem as though the 30% of the time that it isn't contained Occurs consecutively, as does the 70%. What I mean by this is that ATR seems to trend and oscillate as Price does, ...

daily range Strategy

good point - 3years of hourly data is roughly equivalent to 80 years of daily data

Position Trading

This 65% - what does it refer to - the direction continuing? or does it refer to that price will move up 30 pips in your direction before moving thirty pips in the opposite direction. Does this 30 pips include the spread in these statistics? This ...

daily range Strategy

be careful doing that. Not that you are wrong, but never be SURE, that kind of thinking is the downfall of many brilliant traders.

GBPUSD

Micardo, I understand that this entry is based on a 2 year historical perspective, but being so, does this entry figure get adjusted to keep this perspective updated? Having used this same logic, would it have worked for the two years prior? The ...

daily range Strategy

Just a theoretical question - with such a simple system, do you really think that the market will allow you to get away with it? I have yet to see a simple mathematical system as such that can win in the long run. What makes this system any less ...

daily range Strategy

We must be seeing the same thing. I better check again

GBPUSD

I too believe that the markets behave in a fractal manner, but please do not allow your erudition to cloud reality. The idea and existence of fractals in theory and reality is completely different from their practicality. When one states that any ...

Position Trading

I have been bearish on this for a couple of days until now. I have already taken profits and am looking for it to reverse within todays timeframe. My projection is for the pair to reach a low of 1.8654 sometime between 1:00 and 5:00 ET. If it does ...

GBPUSD

Actually, I don't know why your comment was geared at me, not taking it personal, but as a response - EVERYTHING ON THIS PLANET IS FRACTAL. And weather or not most people know a supply or demand curve is irrelevant, nor have I known too many ...

Position Trading

other than that, great advice on the latter part

GBPUSD

Nader, not to be critical, but if you dont think people should listen to opinions than dont give your own for them to follow, and if you do, explain a bit more thuroughly. Your premise is completely contradictory. While you ask people not to assume ...

GBPUSD

Sorry if this is sounds a bit primitive. I try not to over analyze, but rather see where the risks lie. Then I just position myself prior to the releases that could act as a catalyst. If it turns out right, I usually end up making a nice profit, if ...

Somebody understands why the market is so weird and slow today ?

cable has shown some crazy downsigns since oct 3 and especially the retracement back up. News usually acts as the catalyst, watch on Wed when int rates get increased to 5.5!!! Even if don't, fed will signal upcoming increase and bam - research the ...

Somebody understands why the market is so weird and slow today ?

Also, trading the daily and weekly frames can require a large bankroll. Vegas himself said that he shrugs off 100+ pip losses regularly. He has a lot of money, a lot of discipline, and a very good knowledge of price action. Do you have those things? ...

Position Trading

And for all of those small scalpers, I dont buy it. The scalpers are the guys taking the other side of my trades and they need tons of capital and information to back them up. Where do you get all of your order flow info from, I would really love to ...

Position Trading