For me it is not clear what you mean by "these EMAs work". Let me put it differently. The current price of cable is very close to EMA 365 on the daily chart. How can I profit from this situation?

Very accurate support and resistence play

I'm not looking for a holy grail using EMAs. Actually, I wasn't able to devise any long term succesfull strategy using them so I use another approach which seem to work. Because you opened this topic I think you should explain why did you choose ...

Very accurate support and resistence play

Forexpreneur, let me explain something about this magical 365 EMA. This number is meaningless. Maybe you should explain why 365 and not 381 or 297. Second, the 365 EMA or any bigger EMA will be always an almost flat curve. It is more or less a line. ...

Very accurate support and resistence play

The pattern doesn't fail, after 10000 occurences usually 50% gave good signals and the other 50% failed. Not better than a coin toss.

Why a chart pattern fails?

There's only one healthy sign: After one year you have at least 20% profit and the biggest drawdown is less than 20%.

Healthy signs for a trader

The drawdown is not the biggest problem. The problem of the martingale is that your next loss is bigger than the sum of all the previous losses. So the next trade MUST be a winner, otherwise he loses everything.

Another martingale system - but this one was tested since 1999!

Nothing is certain, only the change so there's no way we could assure you that the system is going to work. You seek for an answer which doesn't exist. If it looks good on paper just try it to see what will happen. If the black swan hits at least ...

Another martingale system - but this one was tested since 1999!

If you have 75% wins using 1:1 then you're one of the best traders in the world. Be sure that you keep this procent of winnings, even 65% wins is very good. My R:R is always bigger than 1:1 but not far bigger. They are adjusted depending on the ...

% Wins v Risk Reward?

You open an account with a serious broker outside of US. From time to time you trade randomly with fixed SL and TP. You'll have a nice distribution of losses and winnings and they can't detect that your profits came during NFP.

News Leaks?

I don't believe that the smaller IB has a smaller chance of being a loss. If this would be the case than one very good strategy for DIBS would be to enter only when the R:R is bigger than 1:3 for example. The rules are cut in stone so it is easy to ...

:: Pips are not what counts ::

A small IB has also a bigger chance of losing, as the stop loss is smaller compared to that of a long IB. It is true that you'll win more $ per pip if the IB is small but you will also win on less trades. Considering that after one year of trading ...

:: Pips are not what counts ::

After 3 trades using 3 different strategies you can prove anything you can imagine. But in the long run nobody wins by having a negative balance of pips. It is useless to argue about it. But everybody is free to believe anything.

:: Pips are not what counts ::

That's a very good joke. You adjust your position size depending on your feelings. Now, if you lose that 5%, what do you do? You wait for another feeling and until then you risk only 1% per trade? Why not avoiding completely this strategy and ...

:: Pips are not what counts ::

Martingale doesn't offer an edge in forex regardless of the probability of winning the next trade which of course can't be measured. The trader must first of all protect his capital and I don't see how he is doing this by increasing the risk based ...

what really works through test of time ... ...

The discussion can continue ad infinitum. I think that there are automatically trading systems which provide good ROI year after year. Maybe they need small adjustement from time to time but they work and they don't have big drawdowns. You'll not ...

Strategy of losers

daytrading, I tend to disagree. If an automatically system fails after a while, you can adjust the system or develop a better one. If your discretionary way of trading fails, what do you do? If you lose 20 in a row you will start questioning your ...

Strategy of losers

He never mentions the words edge and compound interest. One must only adjust his brain and all the riches of the world will come. Now, for you only 59.99$ on DVD. Limited offer, till 31st of December!!! (after that you'll find it for 39.99%) Dear ...

Discipline, Mental Skills and the Psychology of Trading

@daytrading My favorite is the hourly chart, I find that the lower time frames are too noisy and the upper are lagging. I also found out that the H4 is the worst possible time frame. (my opinion, H4 fans please don't panic). You could very well spot ...

Strategy of losers

That chart seems to be real because some candles are clearly longer, I would say a hourly chart. I would remove the possibility of a random generated chart because I played with this kind of charts and they aren't so loose. It depends what kind of ...

Strategy of losers

Sorry to disagree but the weekly chart doesn't offer better opportunities than M15. If this would be the case then an automatically EA would exploit the presumable edge. Another problem of the weekly chart is that there aren't simply enough weeks to ...

Strategy of losers