This is what I mean.

The biggest lie about divergence in trading

In my opinion both camps are right: divergence works and it doesn't. On its own, it definitely doesn't, for price can be diverged for quite some time. It doesn't mean there will be a reversal - in a strong move, the smallest of pullbacks is enough ...

The biggest lie about divergence in trading

url Good stuff!

The biggest lie about divergence in trading

Same here. I have used Vipro now for almost 2 months, running both demo and live side by side (copying demo to live) and they are pretty much the same, probably slightly more likely to get positive slippage than negative. But all very minimal. All I ...

VIPRO Markets

Well what I am seeing here are pictures of naked women and lots of deep, heavy psychology together with some seriously complicated explanations - the mind boggles! What if I posted naked men? How would that go down? Is it relevant? And oh, regarding ...

The Big secret to trading success

When I was trading directly off a live account, I had so many trades taken out on the tips of spikes and beyond. It was getting ridiculous, at a rate of nearly half and yes, I did tot them up. So, I now trade off a demo and copy to live without the ...

The Big secret to trading success

You are right that all the usual PA stuff is the key and yes there is more. Look at it objectively; not everything can work on anything all of the time. So, your job is to whittle it down to what, where and when. A tip: if you have what you consider ...

The Big secret to trading success

It's really not as difficult as many make out. They say you need an edge - true, but that is the same in any business; edge, niche, inefficiency... it's all the same. Find an opportunity and exploit it to the fullest. It may be one pattern on one ...

The Big secret to trading success

Ok, but I just don't get it.

The Big secret to trading success

So you mean that if he had won the lottery instead he still would have killed himself?

The Big secret to trading success

Good grief. It's only money! It's recoverable, unlike losing your health or family.

The Big secret to trading success

My ex in laws once said to me "Oh no, not another business. Haven't you learnt your lesson?" Yes, I have failed at business (nothing to do with trading.) And yes, I did start another business (not trading) and second time I didn't fail . Ex and ex ...

The Big secret to trading success

Demo = "successful trader"

Are there any successful Traders in Forex Factory?

Firstly you need to ascertain why you are losing on particular days. It's not just a fluke. Is it news? Could you apply another filter? Then it's only a simple matter of avoiding those days or times. To say that you will stop after x consecutive ...

Do you know a system to stop over losing in the same day?

Nope. Brokers don't use their dodgy MT4 plug-ins on demo. That's why you're profitable on demo and small accounts. They want you to be profitable so you fund a nice big fat account, then they can fleece you well and proper. As soon as your account ...

Live vs demo TE, what's the difference?

I use FXBlue to mirror. There are 2 ways of doing it, either set it to trade at market which I do, or it waits till the price is mirrored, give or take whatever you set. With the latter option, you would get a closer price, but you could also miss ...

Live vs demo TE, what's the difference?

Yes, but it's entertaining. New suckers everyday.

Reasons for being a loser master

I don't trade trend. I'd rather not follow the herd.

What is the most important piece of advice you've received?

Some good points. For example, you should never trade more than 1% (or whatever low percentage) of your account. Why? So, you die slower. So you can squeeze more trades in before your account blows up. So broker earns more out of you! This probably ...

Reasons for being a loser master

Why not? So you wouldn't trade against the monthly trend if you're scalping the 1 min chart? That's simply ridiculous. How do you define trend? How do you know it won't suddenly reverse? Means nothing the fact that it's been going in the same ...

What is the most important piece of advice you've received?