Hi Green David, Your opinion and experience is very welcome for me. Thank you for sharing. I see I have been in fact very fortunate in the markets so far. I don't blame anybody for anything bad that has happened to me and I am very thankful for ...

Technical Analysis Fallacy

Hi BabeFX, Thanks for the prudent advice. I am "safe-sized" in my account now. Had two bad experiences with money managers in the past. Small accounts, total loss less than $300. Enough to know the risks involved. Now only on my own, but open to ...

Technical Analysis Fallacy

Hi All, For the sake of full transparency, I must paste here the PM I sent fti a few weeks ago. For your judgement. The only reason for doing that is that I am not in the market for fun. I really NEED the money. No way back. No failure allowed. Here ...

Technical Analysis Fallacy

For me it would be great to gather some team work on the neural nets subject. Mine was written in Visual Basic for the stock market, using a MetaStock database. I took some small steps translating it to MQL4 but it will not be an easy task. I'm very ...

My EA shows from $500 to $59K in one year

Hmmm ... I spent some years of my life working on a NN. Writing one in one night is a bit too fast for me... NNs and discretionary trading are some of my present bets ...

My EA shows from $500 to $59K in one year

Blind martingales (those that enter the market at a fixed pip step or following any mechanical rule) will win, win, win, ... until they blow your account or take a huge loss. You can set them up to be safer... but the reward/risk will drop to ...

My EA shows from $500 to $59K in one year

Hi Green David, Thank you for your kind words. I have not a coconut tree ... yet. Think I'm on my way. And fti has contibuted a lot for it... though he thinks my hard earned money is a joke... No problem on my side, I know forex numbers are HUGE... ...

Technical Analysis Fallacy

I trade with InterbankFX since 2006/04/04. Standard from 2007.11.13. Recently, very few disconnections or spread widenings. Excellent customer support (in my opinion and experience so far).

I love all of IBFX features - Is it safe?

Hi All, I am in debt with all you folks. There were many people that replied to some silly posts of mine that I have never thanked to My obsession with the market sometimes makes me leave important things aside. Thank you all for any atom ...

Technical Analysis Fallacy

Puzzled — Hey, how this damned machine knew so well the trader I WOULD LIKE TO BE... You are a Strategic Trader! You probably live in a world of ideas and strategic planning. This is because you value intelligence, knowledge, and ...

Technical Analysis Fallacy

Hi Jest, Protracted SNOWBALLED battles are not good... I have had very good protracted battles so far. Very small positions, very good nights of sleep... Anyway, this is only my thoughts. Good trading.

Technical Analysis Fallacy

Hi Jest1081, I would keep a small position in the market not 24h but as long as the main trend is in alignment with the intermediate trend and there is no sign of an intermediate trend reversal. This would be independent from the short term baby-sit ...

Technical Analysis Fallacy

Hi LuSan, Are you sure your MM is able to protect you from giving back all your hard earned profits in one single bad day? If your answer is yes, then it is OK. If it is no or maybe, you better think it out again. There are hurricanes in this market ...

Technical Analysis Fallacy

Hi fti, My wife is much smarter than me. When I told her the story of the coconut tree, she immediately understood that the salesman was intended to be ME. That idea never crossed my mind. I am so bad a salesman that I had to quit a 16 years job for ...

Technical Analysis Fallacy

Hi fti, Thank you for your reply and for the story about the fisherman. Only to make things as clear as possible, managing OPMs is a very very very old goal of mine. I am not going after the salesman talks. I know he works for himself and his ...

Technical Analysis Fallacy

Hi fti, Again I have the only option to thank you very much for the amazingly insightful reply. Open hearted as it was, demands the same on my side (as hard as it is for me). I feel a lot burnt out in fact, but I am a strange kind of alien thing. ...

Technical Analysis Fallacy

Hi LuSan, I have experienced these strong moves (that we have been calling market "tsunamis") with real money 4 times. God pitied me (or my family, probably I don't deserve His protection), they were all in my favour!! Not large money, but real. Two ...

Technical Analysis Fallacy

It may be welcome if you are on the right side. If you are playing heavy and are caught on the wrong side, a margin call may come in less than 1 minute... I know it's that fast because once I was imprudent and was caught (I was on the right side, ...

Technical Analysis Fallacy

Auxesis, This was one of the (many) GREAT posts in this thread. The image of the trader being caught by a tsunami move while in the high leverage short time frames dance was really amazing. It may kill the trader's confidence, if not ruin his ...

Technical Analysis Fallacy

Fti, thank you very much for your comment. I think I have hope!!

Technical Analysis Fallacy