I think I have an idea on what you're saying. What do you mean by incremental period? For myself, im a believer in the usefulness of moving averages but I also believe that they are only significant when applied to the daily chart because each data ...

D1 & h4 divergence and momentum trading

I guess you mean a completely different thing from what I mean. Whats your use of curve-fitting again?

D1 & h4 divergence and momentum trading

Its inferred from the nature of markets. Markets are always changing and the more you fit your system to match a small sample size of data the less robust it becomes.

D1 & h4 divergence and momentum trading

What I mean is that as a general rule, curve-fitting is a bad idea.

D1 & h4 divergence and momentum trading

Hi Smecas, A trading system must match the beliefs of its user. Only you can make the decision on whether a system is good or not.

Looking for good trading systems on forum

I think thats the problem. Curve-fitting is something you should avoid in a System.

D1 & h4 divergence and momentum trading

I agree that all the trading legends have something in common that transcends their individual trading systems. I have an extended definition of what all successful traders have in common: - Each found a System/Method that suited their beliefs about ...

Psychological Development Journal

Why not just explain it briefly right here? Im getting curious.

18 Pips per Day (3% per week) Trading System

Hi Tafad, Do you mind sharing your trading strategy so that we may comment on its efficacy?

18 Pips per Day (3% per week) Trading System

Based on my observation, its quite the opposite. Unsuccessful traders tend to blame something other than themselves because accepting personal responsibility is what successful traders do.

Psychological Development Journal

There is no specific use of a moving average. You have to figure it out based on your own trading style.

Why moving averages are important?

Not at all. In Reminiscence of A Stock Operator there is an account of a man who mistakenly put on a really large trade during a bull market and retired with a decent fortune from that mistake. Anyway Sv69. I agree with you that trading is all ...

Psychological Development Journal

Hi Ckalan, As a beginner I recommend that you do some reading on successful traders and the work that they put in to achieve success. Then decide if this is really what you want for yourself.

Is it good use high or low leverage as a beginner?

Hi Sv69, Since your trading objective is to "set-and-forget" i recommend you look into longer-term mechanical systems. Rather than optimizing system parameters in a vacuum I am of the opinion that all the parts of a system must fit and be consistent ...

Psychological Development Journal

To make the assertion that price is random you must first define what you mean by random. If by random you mean that future prices cannot ever be predicted with certainly, then you would be correct because that would involve predicting the thoughts ...

Forex Dream Chasers - The 90% rule of randomness

See, thats the problem. Trying to design a system to fit a limited set of data leads to the danger of curve-fitting. Just look at your SL and TP rules (10 pips / 60 pips). These are arbitrary amounts that have no bearing on the market. Market ...

100/200 pip system

Can you explain using a time line. I wasn't there to see it happen, im under the impression that the move took place within a span of time shorter than 15 minutes.

OANDA Discussion

As the New Market Wizard William Eckhardt said referring to his methodology as a floor trader: "Basically, I would buy when weak hands were selling and sell when they were buying".

Psychology of Trading - Retail as Contrarian Indicator

What are you trying to say? Price hit my stoploss before going 10x more in that direction. I cant find anything bad to say about this. What was your experience?

OANDA Discussion

Why not make it a productive exercise and reverse engineer a profitable trading system? Find out what unsuccessful traders do and do the exact opposite.

Someone talk to me about trading