The length of the trade's holding period was not what my post was about, but rather that there are markets better suited for this method. Just pointing out a potential stumbling block that has not been mentioned yet and that a beginner would be ...

Building an equity millipede

The reason why there are traders who seem to be trading this method successfully over years is simple: Survivorship bias. How many fail for every one that succeeds for a little while? Even those that get lucky for a few months or even years are ...

Trading without SL: your profound experience

Nice clearly defined resistance levels at 90.19 - 90.40 with Daily 200 MA confluence. PA however doesn't look overbought due to triple bottom and shorts from this level should be closed quickly once in profit. As always if price moves quickly to ...

AUD/JPY

Strong 121.24 - 121.50 support levels with additional H4 200 MA and Daily 200 MA confluence supporting this level! (H4 200 MA has been respected since September) Price action looks to be topping out a bit, so if long trades are entered, take profit ...

USD/JPY Discussion

Obviously the trend is down. But if E/U retraces up into the range before continuing down, these are the levels for short positions: 1.1086 - 1.1132 with 200 MA and strong .50 Fib support (drawn from March low to Aug. high, so it's half-way through ...

EURUSD

IMPORTANT: Traders of this method please read! ------------------------------------------------------- Since this is one of the more popular threads on FF, I think the following small contribution might be helpful There is a lot that can be ...

Building an equity millipede

Justin, Trend trading is not the only approach. In fact, trend trading one of the hardest things to do in trading. Large hedge funds have no choice but to trend trade due to liquidity requirements. Ironically, it seems easy, so most beginners pile ...

Any ways of avoiding ends of trends?

Where you advertise your services and the citizenship of the people whose money you are managing are more relevant than where you incorporate your company (if you have US citizens as investors you need to be regulated by the NFA and CTFC if your ...

Money Manager License (for PAMM and MAM systems)

If you manage money of US citizens (as a CTA or CPO) then you need to be registered with US regulators. Signal providers do not require a license in the US. You would have to charge a flat monthly fee for the service, since you would not be able to ...

In what countries do you need a license to trade other peoples' money?