It depends on each individual trader, but as I said earlier... Your plan is a reflection of your beliefs, mindset and vision...The 'vision' part accounts for how your edge looks like...win percentage, risk:reward...etc

Simplicity is the key to brilliance

I guess you're missing my point here. Think about this quote carefully... "Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime."

Simplicity is the key to brilliance

Alright, now I'll try to go further into some details and how we can apply simplicity to trading Forex. I know that it's a cliche and you've probably heard this a thousand times before...nevertheless, it's EXTREMELY IMPORTANT to have a clear and ...

Simplicity is the key to brilliance

I think you mean that the correlation chart you're talking about isn't compatible with your MAC, if that's the case you have 2 options: 1-Use another computer that got Windows installed on it 2- Use a VPS on your MAC, but make sure that your VPS ...

Trouble finding a correlation chart for MT4 - Please help

I couldn't have said it better myself

Simplicity is the key to brilliance

Based upon 9 years of experience and trying thousands of methods and strategies...the most profitable ones I've encountered happened to be simple...I know that some investment banks and hedge funds use algorithmic trading and quant. methods to make ...

Simplicity is the key to brilliance

Yep...Simple works, we don't need complicated algo things to make it happen.

Simplicity is the key to brilliance

Yes, Exactly..This would be visually easier to recognize

Highest Open / Lowest Open Trade

The method is simple enough, but I think if there's an indicator to alert when a trade is in progress could be very useful...I'll try some tests to see how consistent it could be. Regards

Highest Open / Lowest Open Trade

Hahaha....You got me, brother. But you forgot that I'm not the best thread writer here on FF nor I'm a native speaker, so I'm not at that high level of simplicity and efficiency in my writing nor expression in English yet...Forgive me

Simplicity is the key to brilliance

Yep, being simple for the sake of simplicity could lead to stupidity...That's true to me. Being simple in your approach doesn't necessarily mean that you're not brilliant nor sophisticated, As Leonardo Da Vinci once said " Simplicity is the ultimate ...

Simplicity is the key to brilliance

I do agree with you...But I'd like to add one more thing. I believe you won't find your brilliant simple method or you won't know your shit well unless you're putting a simple plan first...The simplified plan should set the rules for what you're ...

Simplicity is the key to brilliance

Thank you, Ren1058...I'll read the book as soon as I can. Looks interesting.

Simplicity is the key to brilliance

Words of wisdom

Simplicity is the key to brilliance

"I have found a new method - and it is totally a different approach - I will not tell you of course" If you're not gonna tell us and there's no solid advice here, so why on earth are you wasting our times? To satisfy your ego or to show-off? If you ...

I don't use Technical indicators anymore

There are some alternatives...You can trade currency futures or options ( put-to-call ratio)...COT report could be another valuable asset...and last but not least, some ECN brokers offer you the benefit of looking at their order books to get an idea ...

Do you look for or trade exhaustion?

Winston Reed partially answered your question...You can get very valuable information from VSA including (but not limited to) Possible reversals, Strong supply and demand levels, continuation or exhaustion patterns...etc. I recommend 'Master the ...

Do you look for or trade exhaustion?

3 words: Volume Spread Analysis.

Do you look for or trade exhaustion?

Although the answer to your question is easy, but 'easy' rarely leads to success or the truth. The short easy answer is you can arrange something with your wife/partner/kids/office co-workers or whoever is available nearby to monitor you on a daily ...

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