David Beckham or Einstein, I always get them two mixed up. Here's one my mother would say to me, more about driving carefully than trading but the parallels are there. "Better late in this life than early in the next."

Advice Only. 1 Liners Concise.

Respectfully, have you ever heard of a program called Microsoft Excel? Shouldn't be too hard to figure out for you even with most basic knowledge of spreadsheets and mathematics. Don't start spending your money just yet though. Also, you might want ...

Can Someone Please Clear This Up For Me?

Thanks for the in-depth explanation Kent. I experimented with a few other charting packages and was not impressed with them at all. VTTrader for one was completely hopeless, the forks would jump all over the place quite inexplicably. It turns out ...

Andrews Pitchfork (Median Line)

The penny really dropped for me when I decided I was sick of losing and either I was going to take it to the next level or just be another failed trader. Taking it to the next level meant really committing myself to keeping a journal and sticking to ...

The Penny Drops

It is an inside day so far, but surely it is only considered an inside bar when it is closed and the trading range for that day has made its high and low. Also, looking at my charts here on Alpari and WHC, the high of yesterday has been taken out by ...

NR7 - ID Breakout

A broker who recently introduced it told me that it was implemeneted to improve quality of the prices and that most clients seem to be happy with this. I can't think what market research would have revealed this to be a positive change or that any ...

five digit price quotes

Looks like it is time to move my charting elsewhere. I fired off an email to support outlining my problems and got this back..... I just realised that the email I received had some sort of confidentiality disclaimer so here are the pertinent points: ...

five digit price quotes

A 'good return' is anything greater than the amount that could have been gained by a) committing your capital to alternative avenues and b) the amount you could have earned through spending your time in alternative ventures. For most this will be ...

What is considered a good return?

Thanks for the responses guys. All the best with your trading.

Andrews Pitchfork (Median Line)

Alpari I bet. Same situation here. Also the chart objects are getting 'drift' now which they never did before, so any time-price studies become useless if you move more than two time frames from that upon which they were drawn. I can not see any ...

five digit price quotes

Probably much less than 7.5%. What is the motivation to spend time arguing with idiots or trying to help people who just throw it back in your face? Intellectual discussion is rare. It gets to a stage where you do not care what other people think ...

Why Fibonacci Retracements are Bullocks

Aaargh! I'm so angry I might have to take a nap. Alpari have been tinkering with MT4 and now their charts are getting the 'drift' when you change time frames. So now we get situations like this on AUDUSD where on the 30m we have a fork structure and ...

Andrews Pitchfork (Median Line)

Read Day Trading With Short Term Price Patterns and Opening Range Breakout by Toby Crabel. If you can get hold of a copy it might set you back a few bob, url but I have heard there are other means of acquiring literature..... not that I would ever ...

NR7 - ID Breakout

Childish, boring, annoying, idiotic...... just some of the words I would use to describe your conduct - but most importantly you have never produced a single syllable of any substance whatsoever. Now is your chance, your big moment to shine ...

MB Trading Futures - Introduction

So your losses outweigh your wins? Sounds like your strategy doesn't produce a profit in the long run. No point kidding yourself with a high success%, none of those other stats matter. Ultimately it is all about the coin. Markets buzz up and down. ...

How to control risk in Scapling Method?

You should not need to close the trade, you just adjust the stop order with your broker. I am assuming you are using MT4, but if not then the process should be the same - go to modify or delete order and change the stop loss to your entry point.

stop loss/break even

Reminiscences of a Stock Operator (Edwin Lefevre) springs to mind. More of a read for entertainment purposes (it is Jesse Livermore's biography) with a few great lessons thrown in than an instructional book. A great insight into the mind of real old ...

Trading the high/low

It's all relative though isn't it? The markets have never been this volatile. I can't even remember what a range looks like. It is definitely something to consider, and out of principle I will not trade GBPUSD if it is more than 7 pips (which it has ...

Wide broker Spreads

This is a good question to ask when considering a trade. All that occurs in the market is a transfer of account balances from amateurs who don't know what they're doing to professionals who do know what they are doing. The easiest way to come up ...

Forex simple as it is !

'Froze' would imply something occurred that was out of their control. They put the breakers on because it is money out of their pocket. Hard to blame them, they are a profit maximizing business after all and they might argue that the whole market ...

MB Trading Futures - Introduction