Let's say that after a while I prefer reading from people which are able to articulate, meaning that if they have something to say they can do it in a small number of posts. Trading being for me a logical activity and not a religion, I consider that ...

Links to great threads

Imho, watching Tom & Jerry gives a trader more usefull information than that very long and boring thread. Just think a little bit, the smart money are the mouse and the losers are the cat. She runs, screams, feels that she will catch the mouse but ...

Links to great threads

The problem is, you put only a part of the story, which is 30% from the movement of the market. And in that chart you can plot any moving average you can imagine, they will look perfect due to the trend of that pair. Please post the charts before ...

Are MAs Like 50/100/200 Important In Trading?

I have shown a you a strategy which works, solely based on TA. If you don't believe that it works, please study it. But if you dismiss it as trash, then well, you're entitled to an opinion.

Charts, time frames and indicators! Oh My!

It is very hard to prove that it is impossible to design a working strategy solely based on TA. Even if the God of forex would tell me this, without a clear mathematical proof, I wouldn't believe him. Your mistake, maybe, is that you use the word ...

Charts, time frames and indicators! Oh My!

My opinion is that the moving averages, as any other fancy function which deals exclusively with old prices, are completely meaningless. I can't prove it but it is hard to find a system which is mechanically profitable using them. Regarding of their ...

Are MAs Like 50/100/200 Important In Trading?

Ok, if you are a master of this "triangle of succes", why don't you open a topic about a great edge?

The Winning Trading Psychology - sure way for consistent profits

I don't think that you'll hear something from the creator of this thread in particular and from the creators of other similar threads in general. And you understood correctly, the lack of an edge is the reason most of the traders fail. Let's go ...

The Winning Trading Psychology - sure way for consistent profits

The solution is a methodology which puts the odds in your favor. Most of the systems presented on this forum are either discretionary (= not teachable) or, if automated, no better than a coin toss. Psychology is the least important reason the ...

The Winning Trading Psychology - sure way for consistent profits

Kathy and Boris know what they are saying and they're right, what is mathematically optimal is psychologically impossible. Mathematically optimal means that, depending on your system and the Kelly formula, you can risk maybe 15% of your account per ...

Psychological Possibilities

Can you tell us exactly, for 2009: - your biggest drawdown - your risk per trade, in average and percentage of your account - your profit at the end of the year

How my Trading took BIG turn...

2% per day consistently is impossible. I think that 15% monthly consistently is maximum you can win without sustaining irrecuperable drawdowns. Anyway, nobody compounds indefinitely. If you have 10 millions then 10-20% yearly is enough for a very ...

The Magic of Compounding

You can program an EA and let it run for a year. Very easy for daily bars. The problem is, if the strategy is so profitable, why don't all the funds, banks and traders have an EA which trades for them? Of course they know about this strategy.

The DIBS Method... No Free Lunch continues

takingthepip, the chart was the daily chart of AUDUSD. RussiaTrader, the exits can't be optimized and that's a fact. I know it because I can prove it. The traders who believe that 40SMA is better than 20SMA or any other indicator are in state of ...

The DIBS Method... No Free Lunch continues

Well, I've tested the last 4 years of AUDUSD Daily IB with SMA20 for trailing. If one would risk 1% per trade, he would have won: 2009 +4% 2008 +18% 2007 +5% 2006 +3% The VERY BIG PROBLEM: you have one IB in average every year which makes you ...

The DIBS Method... No Free Lunch continues

According to your results you will have lost your money. This is what my trading tools are saying.

The DIBS Method... No Free Lunch continues

Have you ever tested how many H4 IB candles give 20:1 with trailing over a year? You need extremely huge trends which take place maybe once every two years for one very profitable trade. But you need 13.

The DIBS Method... No Free Lunch continues

Well, let's talk about numbers (and the fallacies) . I suppose that every winning trade will give you 10:1. But your profit will not be 10:1 but 5.5:1 because you take half of the profits after 1:1. . So 5.5 * 13 = 71.5 which is smaller than 78, ...

The DIBS Method... No Free Lunch continues

13 winnings / 156 losses - that's a recipe for disaster. One win for every 12 losses, you can't recover the drawdowns. And risking only 0.3% per trade you'll have periods with 20% drawdown on the long run. It is as you would have 60% drawdown by ...

The DIBS Method... No Free Lunch continues

If one's strategy is to take a lot of small losses and from time to time to have one win bigger than all losses, missing a few good trades means that is impossible to recover the drawdown. This is another mantra without value, as a good trade can ...

Trading Fears - Losing money, Missing Out, Being Wrong