daytrading, if that piece of shit comes from Larry Williams, seriously, he has no idea what he's talking about. Either he is lying or he is completely stupid. If you want to see randomness in action, do the following "Larry Williams" ...

Strategy of losers

Randomness is measurable, it can be analysed using a function, to calculate how much I can take from the market if I time my entry. If I call it "unknown" it doesn't help me much.

Strategy of losers

They are not 100% random, unless you have a way to prove it.

Strategy of losers

And I gave an example below, explaining why I think that letting your profits run too long on intraday trading will deplete your account. Read that example. I can demonstrate, for every strategy in forex, that letting your profits run will not bring ...

Strategy of losers

You don't know the reasoning behind every move. I agree. This makes the markets for you random. 99% of the time they move random for our perception. An event over which you have no control whatsoever is random. Call it how you wish, if you don't ...

Strategy of losers

The markets are mostly random. If a trader doesn't enter the market at certain moments then the outcome will be also random. Because there's no edge but pure randomness the trader will have no profit on the long run but will lose always the spread. ...

Strategy of losers

I think that there are edges other than those offered by arbitrage. And I think I found one. Time will tell. For example, the markets move differently during the 3 sessions of the day. I consider this to be a fundamental fact. And where's change ...

Myth Busters the Forex Edition

Money management is important too but overrated. It means only to adjust your risk per trade accordingly, nothing more. It takes a few seconds before every trade. Sorry, I don't know what psychocybernetics is. Maybe I'll read something about it but ...

Strategy of losers

Sorry to disagree but that's a formula, nothing else. A mantra which sounds maybe very good but doesn't help you at all. Please send me a pm if you improved your trading reciting this formula.

A Gem from Merlin

Douglas has a lot of success because the traders don't want to grasp the fact that their strategies are wrong. Why do the trader lose? Because they don't have an edge. Douglas says: it is the mindset. Adjust your mindset and success will follow. I ...

Strategy of losers

I think we should remain on Earth and I mean in forex you'll not reach so fast the moment when you are able move the market. Also not many on this forum have more than 100K to start with so calculating your risk per trade depending solely on your ...

Myth Busters the Forex Edition

The post was of course provocative because all the traders who say about them or others that they are winning hundreds of pips or percents daily are lying. The best argument being that winning so much on a daily basis would make them rich enough in ...

Myth Busters the Forex Edition

If you're not in USA or Canada then FXClearing is a broker for you with 1 pip spread. They are not a scam.

1 PIP Fixed GU?

Porkpie, the casino has a clear, measurable, constant edge. For every dollar risked by a player at any machine the casino knows exactly what percentage of it belongs to him. You don't have a measurable edge in the markets. Even if your system gave ...

Strategy of losers

Keeping in mind that the past prices can't predict the future ones I found that any analysis whose name can't be pronounced by my grandmother is, of course, useless. A very complicated formula tries to use many old prices in funny ways. This is ...

Myth Busters the Forex Edition

And when you don't get it you lose 90%. This is the reason you're losing time here trying to convince others instead circling the world on your new yacht.

Myth Busters the Forex Edition

My level is 5% month after month. 99.99% percent of the traders, investors or businesses of this world will never reach it. This is your way of convincing others that you're right. Don't forget to call us! And the only reason they don't earn ...

Myth Busters the Forex Edition

Because eclayf comes so often with that "Amway style BS" I will try to explain why he is wrong. There is a certain amount which can be realistically obtained from trading. We all try to obtain the maximum profit from a trade. But simply because the ...

Myth Busters the Forex Edition

eclayf, you named some black swans, that's all. Remember, if 1000 people enter in a casino with 1000 each and they play 2 times at roullette with the whole amount one of them will be a millionaire. The next day the newspaper will quote the winner ...

Myth Busters the Forex Edition

The number of pips is utterly unimportant. Why does everybody think in pips? If a trader makes 1000 pips a month with an average stop loss of 200 pips he is not better than a trader with 100 pips and an average SL of 20 pips. Also 10 pips for E/U ...

Myth Busters the Forex Edition