image The sequence of Fibonacci numbers has some properties in the realm of theoretical mathematics. You can find them also in nature. But there's no discovery behind the progress of the mankind which couldn't have taken place if one didn't know ...

Fibonacci Indicator? Is it a big Joke?

Take it as a show and nothing more. There are a lot of unexplained things and irrational behaviour from the supervisor and van Damme, the succesful hedge fund manager. You are willing to risk 1 million but you start critisising some clueless newbies ...

Thinking Outside the Box!?!

It is called experience. I can also predict with high accuracy when a level will hold. It's great if you really have this expectation, you can safely risk 3% on every trade.

Trading Currency Futures using Sam Seiden Supply & Demand levels

It is confusing because you don't know how the market works. More buyers than sellers means that the buy orders can't be completely filled at the current price so they must go to the next higher price for liquidity.

supply and demand confusion

If you have an edge, the other very important thing to have is discipline. Taking partial profits, moving the stoploss to breakeven or any other method invented to reduce the amount one can lose on a trade or sequence of trades, have the effect of ...

Twelve widely believed forex myths

There's no statistical advantage in this simple piece of advice. Whoever believes otherwise must look at their latest 100 trades and check their entry vs. the price at London open.

Discuss failure Trades

That's pure gambling. Eveything related to USD was bearish and it was impossible for you to know the real inflation data in the UK, without the highly unexpected result the pound would have got really high, as it is happening right now.

Smexy Trades

That's why we have a market - because I find no reason to buy USD right now or in the future. The world is saturated with US dollars and the FED's solution to a financial crisis is to print more money. A safe-haven currency for me would be CAD and, ...

Order Flow - Achieving the mindset

Easy, you know that you have a statistical edge when you're profiting with TP = SL + spread.

Self-help mentality

The magic word that you're searching for is S P R E A D. The orders can't come in the same time, there's no such thing as the same time and the first order will consume all the available liquidity in one direction. The next order will do the same in ...

Couple Questions On How Orders Are Processed

Problems: 1) trying to reduce with TA the bad entries is called curve-fitting 2) you have a 1600% return but 70% drawdown is bad?!! 3) why don't your reduce the risk by 50-80%? 4) only one year of testing is not enough 5) 70% are bad entries - why ...

Counter trading, what is your technique or pre-setup conditions?

Let me guess, DS hides the candlesticks and looks at crosses of moving averages. Without chart, volume, orderbook we have only time, tape and news. The round numbers have meaning only with a chart in which you can identify the supply and demand ...

Order Flow - Finding cluster of stops on chart

As I see it on the chart and as I know the economic situation, the down movement of the euro is due to fundamental forces at play. It was an overwhelming imbalance between the sellers and the buyers and all the sellers made money and all the buyers ...

Order Flow - Finding cluster of stops on chart

You certainly need a lot of stuff and you're probably faster with Python. As my approach doesn't use smaller TF's than 5 minutes and their exactly boundaries are not important I can still live with my VC++ libraries and interfaces but in the future ...

Trading Prerequisites - Doing it Right

Adal, what can I say, it is a nice interface and it's great that you can do it combining so many languages. I personally like to stick to VC++ and C#, I developed my libraries to read, analyze and display data fast and now hardly I need something ...

Trading Prerequisites - Doing it Right

Maybe it's semantics but SQL is a language designed to querying relational databases. SQL Server or MySQL are applications whose goal is to manage relational databases and allow access to their data via SQL (Structured Query Language). So SQL is ...

Trading Prerequisites - Doing it Right

Forget about relational databases, SQL or any other related stuff, you don't need them. It only adds a new abstraction level. The data that you need to test in this business is a simple combination of time and price and a database makes your life ...

Trading Prerequisites - Doing it Right

A Happy New Year to everyone! flotsom, I bet that if you had used a 100 pips TP for every trade you would have won almost the same amount in 2010. Your edge is actually your skill to time and enter when the market has momentum. You either take a ...

Twelve widely believed forex myths

There aren't so many without news during the asian or aussie session and I factored them in. One can move the market with lower volume during this sessions but without a very good reason it will not happen. You're still a little bit under the spell ...

Trading volatility - a possibly interesting exercise

Easy, after 50 pips in one direction, after the middle of the US session and considering that there aren't news anymore, I'd go for 20 pips TP with 40 pips SL. I'd win at least in 80% of the times.

Trading volatility - a possibly interesting exercise