Actually.. your right.. I was raised as stock market being a zero sum market but I just saw this... url but I was never foolish enough to say 50% of oanda would win and 50% would lose.. I did mention other players in market.. but anyways ...

Are 48% of oandas accounts profitable?

How did you get monthly high in there? is it from previous month.. still trying to figure out how to draw everything in this method.

The Touch Trader Method

[QUOTE]You know mellow ranging like this maybe just what this method wants.[QUOTE] you might be right.. its a mix between having more strength to throw you those 3 pips.. or less volatile for easy pips.. if you do some fiddling let me know where you ...

Leading indicator & Scalping Method

see Jmag.. i walk my buy order over top of highs and avoided getting in a little to early.. didn't have to worry during the hammer dip or anything.. about .5 pip leeway over high

Leading indicator & Scalping Method

another 3 pips (oh.. by the way ignore my ADX.. im not using for this method)

Leading indicator & Scalping Method

I'll make one more long tonight.. I see it setting up... but then Im over for the night since were messing in not the best times. (like I said I favor london/US) walking my buy order down the high of every minute tick...

Leading indicator & Scalping Method

well you can always couple this with some trend lines off 5 minute.. trade with trend.. i usually go both ways with and against trend.. and it work good during trend from my experience but yeah make it your own method.. let me know what you do ...

Leading indicator & Scalping Method

I would recommend scalping during london and US hour for easier pips.. and I also look back and forth at 10 second chart to see if its gonna make my 3 pips.. but thats just me.. its kind of a non mechanical system..

Leading indicator & Scalping Method

AHH — Ok.. you can see I enter here .. price made 3 pips but I only got 2.. it looked like it was failing so I took 2 pips and it made 3 pips shortly after.. but I wanted to get profit while still could.. rather than let it turn into losing.. ...

Leading indicator & Scalping Method

GREAT! I actually took the same trade.. and yes doesnt have to be on oversold.. just coming off the level works too.. 5 minute shows: price action helps obviously.. price was failing to go lower.. momentum ending.. 1 minute showed price succeeding ...

Leading indicator & Scalping Method

this strategy works pretty well without even knowing price action for the entry.. but your gonna want to know price action for exit.. I usually have an emergency 5 pip exit (no its not bad risk to reward... atleast in my opinion) 5 pip stop loss is ...

Leading indicator & Scalping Method

Agree.. studies have shown that candle provide very little statistical advantage.. the highest probability candle formation was correct 63% of the time, but so rare that opportunities are far and few.. candles alone are useless without other price ...

Candlesticks Trading

ha, watch as they atract all the losing traders now and there stats drop instantly the next year due to such advertising!

Are 48% of oandas accounts profitable?

I am not surprised.. first of all you should be aware as a trader that it is a zero sum market.. 50% people make money.. and 50% lose.. there is no way for everyone in the market to make money.. someone has to lose.. so 48% were profitable.. well ...

Are 48% of oandas accounts profitable?

I think indicators serve a huge assistance and not so much of a "crutch". I also thing price action is needed.. but price action alone is not needed.. you can trade price action with an indicator and be much more successful. Indicators are great for ...

People say systems don't work (only pure price action does)

Ok, after looking at your thread I really like the idea of just using this set and forget method.. but I don't really understand how to go about it.. my interpretation is drawing the weekly high low(for last week), drawing fib lines and looking for ...

The Touch Trader Method

Hi JJ, I would like to learn more about the price action you are trading.. I am very interested in anything none lagging and price action seems to be that way. if you could kindly guide me to some of the profitable trading methods you use I would be ...

Price action trader wanting to turning pro

These systems definitely work great but require a lot of patience.. I use resistance points and will trade them but the price is usually far from these points or near them when Im not watching since its 24 hour market.. so I like to have a system ...

The Touch Trader Method

I think a system is best to avoid emotional trading.. and indicators lag but can still be profitable.. and price action is deffinitly better because no lag. no one way is best.. a non system method can work if your discipline etc.

People say systems don't work (only pure price action does)