Hi Stefx, Congrats on your progress. It seems to be a re-occurring theme on FF that people sare finding success on the higher time frames. Are you a graduate of James16 or did you just figure it out for yourself?

The probability of newbie confusion

Steeper but faster learning v — Yes, I think you are right. Ultimately, there is no one set of rules that define how to trade the market, there are hundreds and thousands of combinations to make money trading, and thats what makes the market ...

The probability of newbie confusion

doh! — so you are trading to give the broker the same amount of profit through transaction costs, that's insane.

High & Low 8 Hours (GBP/JPY)

ok sorted. I am just going to sit back and let the EA do all the work, its going to fund my manual trading using other methods (which I'll use when the EA decides not to work one day ;-) )

High & Low 8 Hours (GBP/JPY)

Bar Entries?? — I thought the timings were as follows (in GMT): System: Find the maximum and the minimum between 18:00GTM and 2:00GTM and then put a buy stop order with maximum and a sell stop order with the minimum. TP 100 SL 50 If close in ...

High & Low 8 Hours (GBP/JPY)

Thanks fti, I was trading with a one direction bias long eurusd, on the 4hour chart. Rather than trading the long trend on any time frame I was establishing market sentiment based on long term fundamentals. This was probably my down fall. I had only ...

Technical Analysis Fallacy

Don't be sorry, I enjoy what you have to say and I need to challenge you to understand further so that I can challenge myself. I am having trouble with the substance of what you have to say. Surely, for an army to win at war some losses of life on ...

Technical Analysis Fallacy

a walk in the park... — [quote=fti;1752193]Hi ALL, Of course if we are so good that, every trade is a walk in the park. Then why bother. In reality , this cannot happen. Most gurus I have come across, just advocate , cutting the loss. Get on ...

Technical Analysis Fallacy

kerrrching! — another 100 pips!

High & Low 8 Hours (GBP/JPY)

Great thread — Very simple trade setups, a great addition to my arsenal. Many thanks Bob.

Trade the fundamental principals of financial markets- at your own risk!

Very Good Thread — Its nice to come to a thread that is straightforward and to the point. Nice not to see people asking for someone to make an EA or wanting to add this and that indicator. I have added he system to my arsenal. However, I like ...

the key to the mint

I appreciate the creativity that people use to develope systems I find it very interesting and it makes trading more interesting than it really is (thats why I enjoy reading about other people's systems on the forum). But when I read something like ...

Trend Hugger System

stop loss — I am assuming SL is variable with whatever time frame you are using (or ideally with your account size vis a vis potential draw down for this system)?

Trend Hugger System

Ok point taken. I think this is a discussion about semantics than trading. But what you say is true of course, people have different experiences to the market. I personally have been on the wrong side of trades in the past where I hoped it would ...

Psychology is nothing

Ubee, Do yourself a favour and try to think a bit more about how the pro's trade. Do you really think they win all the time? Do you really think that there is a system out there that wins all the time? NO... So when they lose, how do you think they ...

Psychology is nothing

Nonsense! — Unfortuntaley, we are brought up in the modern world to succede. To be good at everything we do, to be the best, not to loose. Trading is a completely different ball game because in order to succede we have to learn how to lose ...

Psychology is nothing

Exitentry — Thanks Merlin. I had a quick scan. Interesting stuff. I suppose it all depends on your strategy. If you think your system for entry has a high probability for profit when getting you in you might use a similar method to get out, ...

Its all about EXITS!!

Money Management — The 100 trade senario was just an extreme example. Once you know your % of wins and your expectancy i.e the amount of potential win in $ per $ risk then you would know your postion size accordingly for you to trade your 10% ...

Its all about EXITS!!

Scaling In — MMmmm Very interesting. If I understand the concept fully, I think this method is suitable for very strong trending markets to capitalise on it well. I suppose it all depends on whether you would be better off using your capital ...

Its all about EXITS!!