Get behind me guys, this zombie thread is about to eat my boomstick!

Oanda Forcing Customers To Hold Trades?

I deleted most of the quote for the sake of brevity, but thanks for your insightful and honest post. You left me with a lot of things to consider. I definitely agree the pros and cons of the various styles are much more grey than black and white. ...

why is everyone so afraid to average down?

I agree with a lot of what you said, but there is a psychological aspect. In fact your post is quite poignant in pointing it out. Your psychological and physiological bent determines how well you will perform based on what you know. Whether you ...

Psychology is nothing

First and foremost: I'm not primarily a position trader. Yet I do enter position trades. Yes, I suppose part of my argument is fast vs slow development of a trade. You ask me what capitalization has to do with it? Everything. Define tight stops, ...

why is everyone so afraid to average down?

This is a broker that doesn't even care if their demo platform execution is shady. Don't believe me, try it out for yourself is all I can say, if the demo doesn't turn you off trading with this broker live...You might like to give your deposits a ...

Tadawul FX (TDFX) Discussion

Looks like that grumbling was a breakout, I exited my short from the 4H pin at 1.4350. Still might go down, but I'm not going to trade against a move like that.

Cable Update (GBPUSD)

Take your profits and re-enter. IMO. I would never squander 100 pips in the pocket based on an assumption. All analysis is educated assumption until the pips are in your pocket. Especially Elliott waves, and I am big on trading them, but I still ...

Cable Update (GBPUSD)

Lots of grumbling from London on the way down.

Cable Update (GBPUSD)

Everyone's gotta be like 50 Cent if they want to be a successful FX Trader. Take nine caps from the market and keep on going.

Cable Update (GBPUSD)

I wish you could have told my really bad attempt at a scalp that last night. LoL! Boy I ate a good couple.

Cable Update (GBPUSD)

LoL! A spectulator is someone who makes a good analysis based on not having skin in the game, but can't resist a trade and makes a poor late entry then goes OH SHIT OH SHIT! As they draw down. Not tonight for me though lol.

EURUSD

Yesterday was a harrowing experience to make money. Took my biggest loss in a while on it last night, but got back in and ended up profitable overall. Already did well on the GBPJPY today, so tonight I am a spectulator on the EURUSD. Down off the ...

EURUSD

Fiat money is created out of debt. . Doesn't matter a ton though because even if we had a gold standard, anything other than gold bars would still be abstraction. However, the Fed, the IMF and others wouldn't necessarily be involved in the ...

Is trading a zero sum game?

I agree, there is a lot more historical resistance going up (price testing and failing) than artificial resistance going down. (pivot points)

Cable Update (GBPUSD)

You made 20 on that spike? Nice call. . I usually always place a trade up at the pivot going down, down going up, but I'm trading off the 4h with the GBP right now, couldn't be arsed to scalp...My loss haha.

Cable Update (GBPUSD)

It's just bouncing around the daily pivot like always, pivot spikes are a good place to make money up and down. Long term though it's bounced off the kumo resistance once already at 1.4403 on M15 and 4H and the 4H pin bar is screaming it will break ...

Cable Update (GBPUSD)

According to my understanding of martingale strategy, you increase your position in hopes of at least breaking even. In other words; adding to a losing position. I don't see why a well capitalized position trader would even find this a necessary ...

why is everyone so afraid to average down?

Anyone that thinks Martingale is a sound strategy, I advise them to go and trade it live. Why commit to strategies like Martingale? Hell, why commit to the market in a big way at all? (I.E. Position Trading, Swing Trading). Unless you have a couple ...

why is everyone so afraid to average down?

Euro is such a junk currency this week. Tired of all this PA muck. Missing nice trends on other pairs while I scalp measly five-ten pips up/down. This should tell you how bad it is, I'm missing nice trend moves on the GBP/JPY while focusing all my ...

EURUSD

Neutered Bull: "The Story of the Euro" All the support in the world can't push it up tonight.

EURUSD