The toughest thing about courage, consistency and discipline is that it has to be implemented flawlessly. I’ll tell you what has helped me tremendously. I impose a structure upon myself, which includes a schedule, worksheets and routines. When I get ...

Reality Check.........

I think you and Merlin are talking about two different aspects of trading. Seems to me you are talking about your intuitive response to what the market is doing (an analysis of sorts) and Merlin is talking about dealing with overtrading, greed, fear ...

Reality Check.........

James, I'm embarrassed to tell reveal this but, to add insult to injury, I also bought "The Adam Theory". !!!! Shamefully, Steve

Delta Phenomenon

I bought the book about ten years ago. I read it several times and frankly, while there may be something in the theory, finding a practical application for it is impossible. To make sense of it everything has to be viewed in hindsight, alot like ...

Delta Phenomenon

If I were in your shoes I'd stay with Oanda. With other brokers you'll be forced to risk a minimum of 4%-5% per trade which is far too much. You won't get a chance to use the most important skill of all, risk management. At least with Oanda you can ...

Oanda platform driving me nuts!

have a look at this thread Mike, it may make more sense. http://www.forexfactory.com/forexforum/showthread.php?t=3132 Steve

Oanda platform driving me nuts!

Mike, FXCM has a very good platform. Proceed with caution though, they are a tough opponent.

Oanda platform driving me nuts!

In addition to all this, do yourself a favour; Use only market orders as limit orders can and will be abused much like stops. The idea is to keep your "hand" hidden as much as possible and not reveal, to the guy you're playing against, your ...

Rules of the jungle for Newbies

That is priceless!!!! Which bucket shop was it?

All withdrawals from Refco FX "frozen"

I think the CFTC regulates the business practices but once a firm files for bankruptcy its a matter for the courts to decide. Refco is a very big company and its forex division is actually a very small part of it. As such, I do not think that what ...

All withdrawals from Refco FX "frozen"

I think your real "edge" is the ability to execute your trading plan time after time after time. The so called "90%" cannot do this. One ony has to look to the success of places like Las Vegas to get a grasp on human nature and its impact with ...

Why traders don't disclose their methods

Well done! I'm ashamed to say I missed that one. Especially since I use a 2hr chart!!! I think maybe I should cut back on the tea and slow things down a tad.

Is it just me or is cable acting random?

Well usually I'll get whacked for a couple of bucks which will cause me to sit back for a while. After much thought and a few cups of tea. I'll decide that things look pretty awful. I then walk the dog. After coming home sit down, tea in hand and ...

Is it just me or is cable acting random?

Ahhh a comedian!!!! You're quite right of course, but this day has been abnormally ugly. Its not easy to trade the cable anyway but this is ridiculous.

Is it just me or is cable acting random?

Prices can move sideways in a "normal" fashion. When I say "normal" I mean swing high/low drifting. However I don't really consider todays action normal. Today is without a doubt random because it did not follow that pattern and there was no clear ...

Is it just me or is cable acting random?

I believe that price action shows the struggle between the bulls and the bears. As such this mornings session was quite a fight. With no real direction and "dodgy" price action, what the outcome would be was anybodys guess. 2pm swung around and ...

Is it just me or is cable acting random?

If its not obvious from your chart then its hardly going to be more so looking at mine. Maybe I'm wrong. Maybe there is some sense to the price movement, but I can't see it yet.

Is it just me or is cable acting random?