Good point. What else does quantitative finance get used for? Risk modelling..? I wanted to do a grad dip in quantitative finance a few years back, but they pretty much looked at me funny as my background was computing science (and i don't have a ...

Want to be a professional trader

A sideways suggestion just in case.. Instead of 6 smaller monitors, fewer larger ones may do you well. I'm running dual 30 inch monitors and am more than happy with it. To be honest though, i end up focusing on just one of the screens while trading ...

Help running 6 screens

Its worth a look. If only for the reason that its worth looking at -all- the reasonable timeframes for you at least once to see what trading is like (in method and psyche) for the different timeframes. Easier to make a decision after experiencing ...

If my personality likes to trade often should i focus on shorter tf's?

Well, might be onto something with nubcakes simulator ea.. as a solution to the problem i have multiple mt instances running and have automated pressing the play/pause button in each window. Just in case there's a different and more better method, ...

Backtest-how?

Hey nubcake, how about something like a (configurable) bollinger band and/or MACD for the extra price indicator? Personally could live without the ability to overlay drawn lines etc. Any links to the best price indicator atm would be much ...

Backtest-how?

Just in case its worth asking on this active thread.. Anyone have a solution that allows manual backtesting on multiple timeframes? As an example, to have 2 charts (running at different timeframes, and with their own indicators) controlled by the ...

Backtest-how?

Really? Awesome. I like to go for the significant intra-day oscillations, from a minimum of 20 pips upwards (how many of those 20 pips are caught is a matter of technique). Without at least that volatility, i don't trade. I always thought (and have ...

What's the definition of Scalping?

I don't use traditional stop losses, though i had to reply, since i came on to ask a question regarding a trading problem i was having, and may have found the answer, then found this thread At the very least, the value of maintaining a stoploss ...

Real Fx traders do not use stoploss

Thanks for the updates. Alot of wisdom in those responses. Since then, the key understandings which solved/solving the problem for me are: - I thought i understood my technique, but i really didn't. - There was one major hole in my method, in ...

Overeagerness to trade when switching to live account

There is a bit of that... Not sure if this will help you.. but as far as reading the tea leaves, the best form of tea you can drink is the shorter term time charts.. The technical patterns, candlestick patterns and momentum of the ticks even can ...

Timing and Reading the Markets

Thanks for sharing your experiences. Thinking about it further, the main rookie mistake seems to be: - On the demo account, all i was focusing on was the trading. Which worked, all was good.. then - On the live account, the main thing i was focusing ...

Overeagerness to trade when switching to live account

I agree with an earlier reply that the answer to this question shouldn't matter to whether or not you're going to trade. For the curiosity though: - Computer geek (degree in compsci), love them, comfortable with anything to do with them. - Fondness ...

What kind of person can trade?

If it's relevant.. Momentum in the quicker charts (1 min) are a pretty good way to judge the tops and bottoms in the 5 min charts. I couldn't imagine how you'd do that on the dailies or longer, with fundamentals having a much stronger pull. Another ...

Picking Tops & Bottoms With Support & Resistance?

Yes i'd agree with that also. From what i've seen so far, the idea of 'edge' is just a concept to anchor some further message or instruction on. To one of the points about someone wins and someone looses for each fx trade, that's true if you choose ...

An Edge In The Markets

Thanks to the original authors for this thread. I've been looking for a prod in the right direction regarding how to handle price breakouts. Will be looking to bolt the core ideas of this thread into my realtime trading. Some observations from ...

Virus System

I've been going around in circles for years also, and its looking like i'm just getting out of it. 2 key points from my experiences are: - Don't practice failing. I think it's important that if you know from your daily/weekly reviews that your ...

Anyone else going round in circles?

I've been finding that trading the 1 minute charts, at price points identified by the 5 minute charts, works pretty well. I used to just use 1 min charts, but always got burnt in: - Missing the good entry points for the larger movements - Staying ...

Time Frame for EurUsd scalp?

Probably depends on what gaps in knowledge you're looking to fill, and your attitude towards trading. Personally i really didn't like the books by Douglases and Elders.. too much text on why everything is incorrect in between the useful stuff. I've ...

Best Trading Psychology Books

Disclaimer: I'm still learning to trade, but: I've been getting an excellent success rate from trading trends in the 5 minute chart, using the 1 minute chart, which is sanity checked via the 15 minute chart. I used to trade the 1 minute chart only, ...

Forex scalping in 1 min time frame?