I entered long, sorry for the inconvenience.

I can't understand this enormous spike...

December the 5th, 2005 - 2:10 pm EST GBPUSD is reaching up to an area of heavy resistance confluence in the 4 hours chart where the main trendline clusters up with the swing's 50% fib retracement and the weekly R1 pivot around the 1.7460 ...

GBPUSD

There is no good reason to approach the FX markets other than, exclusively, to make money off them. Period. If a trader can sustain 50'ish pips a week, it doesnt matter whether he does it via one trade a week or 50 trades a week, because he will ...

Mathematical reasons why MOST DayTraders & scalpers fail?

Ok John, I think perhaps people would be less judgemental if you could elaborate a little bit more on your trading system. I would sure appreciate it myself.

Mathematical reasons why MOST DayTraders & scalpers fail?

While I agree that 50+ trades for 40-something pips net is definitely not the way to go, in this comment above quoted is where you lost me Ho Le Foo. The market doesnt know about scalping. The market doesnt know about swing or possition trading. The ...

Mathematical reasons why MOST DayTraders & scalpers fail?

MT4 is, charting wise, far superior, but it is not fully tested and the MetaTrader developpers havent given it the green light yet for live trading. So if you are trading real money, stick to MT3.83 for the time being.

InterbankFx

I know successful traders who focus on 10-pip trades, perhaps one or two trades a day, gunning constant compounding at full throttle for great long term results.

Mathematical reasons why MOST DayTraders & scalpers fail?

Thank you. That was the info I was looking for, much appreciated!

Interest rates for all the currencies

What I am trying to find out is simply what the interest rate has been for every currency during the last 5 years.

Interest rates for all the currencies

Hello Blackship, How long have you traded demo and with what results?

Losing 20% live :(

Hello Habeeb, I am personally VERY cautious when prices are at long time's high, and thus I only consider pin bars that ocur after a significant retrace (between 38 to 61 fib of the swing). Having said that, I know nothing of the gold market so it ...

james16 Chart Thread

Errr 50 mini lots with a 6k account??? you sure you dont mean a 60k account? otherwise it's suicide!

Mathematical reasons why MOST DayTraders & scalpers fail?

EXTREMLY interesting concept! Furthermore, people with degrees and professional success in other fields do usualy carry a proud, competitive, being-the-first, boss-like mind set. In my opinion, those are some counterproductive characteristics when ...

Graduates vs non-grads in trading

Man I agree with this entirely. Uni degrees are so overhyped now a days. PS: the hangovers (plentiful of them) didnt help it either

Graduates vs non-grads in trading

I think trading is an individual sport like tennis or golf. No such a thing as team-trading in my book, unless all of you are following exactly the same system and thus share the same signals. At the end of the day, it's YOUR money what's at stake, ...

Trading is for loners:)

Blackship, what's been your trading records during demo? how long have you been demo'ing?

Good start in live trades!

Grads and trading has nothing to do with each other. In fact, I wish I had NOT spent 4 years in university and had spent it trading. Serious.

Graduates vs non-grads in trading

Like everything in life, it's all about having a balance. If you mix a passion for your professional life (be it trading or any other job) with a healthy amount of love/family/social life, then you are bound to have a good balance in your psyque and ...

Trading is for loners:)

Hello Zazzy. Ask yourself this: do you want to be in this game for the long run? then play safe and dont risk more than 3% of your account per trade. If you keep risking a large % of your account per trade, then you will get burnt sooner or later. ...

Position size - Looking for an advice