If two traders both placed trades at the exact same (random) times, one always going long, one always going short, with a stoploss of 200 pips, and T/P of 400 pips, I bet the one who went long every time will end up with a lot more profits! I ...

There are no trends or ranging markets

wait for price to go up to 166.60 at least, then short @ 166.10 ....

The Anti Hedging Rule By Jacko

long to 2.0300... @ 228 sl 180

Cable Update (GBPUSD)

its the holidays, markets can be erratic, good time to take a break

Non Trending Market?

It looks like an indicator that automatically draws fib extensions (which are "o"s) for every candle, every hour, I think? way too short term!

Indicator Free Trading - Skunny

I guess it is matter of opinion. The biggest factor I can see is stop losses. I use them religiously, and since my trades are usually open for a few hours to a few days, they are set fairly tight, between 30 - 100 pips. If you don't use stops and ...

Indicator Free Trading - Skunny

I believe you can have a very high winning rate, however my reasons for not believing 100% is possible over the long term are: ANYTHING can happen. The setup can be PERFECT, you follow your system to a tee, you take into account all (known) ...

Indicator Free Trading - Skunny

If you start with $20,000, and gain on average 5% a day, you will have nearly 100 MILLION in a year

friend wants to leave 100k, for 5%, riskless profit.

Short... very short!

Quick Poll for posterity

Generally forex markets slow down as well, so a lot of people take this time off, but remember, anything can happen.

End of Year Trading (12/17 - 12/31)

Thanks for all the info Skunny, it has sparked some idea's of my own that I am still investigating, seems quite profitable though I will know more once I spend some more time on it. Hope your dad is doing well, and your family has a good christmas.

Indicator Free Trading - Skunny

Bolinger bands work great in a ranging market, but try trading it in a trending market, you'll go broke!!

Let talk about Bollinger Bands.

I set my trades before I go to bed ~ midnight or 1am, and find that's the best time to place trades (1am - 9am), mountain time.

Indicator Free Trading - Skunny

Noted. I only trade tech, trying to get a better grasp of the fundies.

EURUSD

1.4150. anyone else see this?

EURUSD

Got a quick question, how long are the fib "zones" created by the weekly candle valid for? I'd assume only the next week, so that a new zones could be created?

Indicator Free Trading - Skunny

Interesting stuff, I do not trade with any indicators, thanks for the thread, looking forward to hearing more.

Indicator Free Trading - Skunny

I find that hard to believe. If it were it would be the biggest financial exploit ever, and I am sure it would be abused and exposed.

Why are the banks intervening? Are you concerned?

I see 600, or close to it

Cable Update (GBPUSD)

ouch, i wake up to find that price went 2 pips below my stoploss then up 200 pips , oh well, still up 4% overall today this pair seems to choppy right now, no more trading it for today.

Cable Update (GBPUSD)