It's not about the rules mate, it's about politeness and avoiding annoying the forum readers. If you cannot make your points clear without using a 24-size, red-colored font, then perhaps you should re-consider a thing or two.

Good Trading To All -- Part II

Hello Dan, I cant say whether I would have traded that pin bar or not because I cannot see the whole picture off your chart. I mean, where are the different trendlines in different time frames, where are the daily and weekly pivots, etc. I do NOT ...

james16 Chart Thread

The 6 months deadline was just a random figure to express a long-enough period of time. It could be either 6 months worth of trading, or 100 trades, etc, as long as it's a significant enough time span. I hear time and again newcomers saying stuff ...

What do you mean by "Trader's Edge"?

Trumpcard, Your analysis of Fib rets seems alright to me (38, 50 and 61 are my favourite, I am a bit aprehensive with the 23 and the 76 ones). Although it is true that 7 pips is a bit excesive. I particularily love to see pin bars that touch to the ...

james16 Chart Thread

Confidence in your system is CRUCIAL. Otherwise you'll lack the discipline to follow it properly. That's why it's so important to have profitably traded your system for long months over a demo account before going live, so you KNOW that it works if ...

Following the system

If time is your enemy, perhaps you might want to re-consider trading altogether. Patience is a trader's most valuable virtue!

Is initial capital important?

Dear Hiyo, Thank you for your kind and cooperation and the rest of the mambo jumbo. Now, could you for fcuk's sake font down your posts?!?! You have already been asked so by a number of members of this forum, so do it already!

Good Trading To All -- Part II

Of course you can build up a fortune off a US$100 initial capital, however it'd take you a whole life via senssible trading (meaning not risking more than a 3% of your account per trade, strict money managment rules, etc). In my opinion, US$10,000 ...

Is initial capital important?

That's right. Apply that formula over AT LEAST six months worth of demo trading and if the outcome is in green color, then you can start trading real money, not before.

What do you mean by "Trader's Edge"?

I agree with this. It's really important to have monthly/yearly goals, and if you happen to reach them and, perhaps, over-score them, then you should consider treating yourself for a nice, long and well-deserved holidays in order to reload your ...

Does longevity exist in trading?

5% a day? hehe trust me, if you can sustain over time a 10% return a month you are definitely in the right track to richness. Besides, focusing on a daily goal is ridiculous, because it'll force you to trade even in days where market conditions ...

5% per day is achievable

Sure you do. Question is: why would you if you can always find one or two trending pairs? I dont think it's worth incurring in the extra risk. The way I see it is: if I dont like what I see, I dont trade. Quoting Jim: "a trader is not to be out ...

How do forumites trade in choppy waters

Krabi province, baby!

Living Off Fx

Choppy ranges? easy one for me. With so many pairs and crosses, you can always find one or two that are trending. I personally stay away from choppy markets, no need to play that kind of lottery.

How do forumites trade in choppy waters

Remember Habeeb that trading is a marathon, not a sprint. If you ought to, it doesn't matter if you downsize your lot size and thus earn less per pip. What matters is to be disciplined, stick to the very rules and place the SL where they belong. By ...

GBPUSD

Habeeb, stops are to be placed wherever they are meant to be placed. If 55 pips if too much for your money managment priorities, then perhaps you might want to reduce your lot size rather than reducing your stop loss. Proper SL possitioning is ...

GBPUSD

Thailand is such an amazing country (Amazing Thailand they call it after all). And dont even get me started with Thai women... Thai food? nah gimmie Mediterranean food any day of the week please!

Living Off Fx

I didnt quite understand what is it about? is it simply placing a buy/sell stop over the Asian session's high/low at the start of London session?

Got 30 or so minutes to spare?

Depends on what time frames you use. I personally set up the key tech analysis components (trendlines, fibonaccis, etc) in a longer time frame such as 1H chart, and then I slice down to the 15 mins for position-taking. I guess I better show my point ...

Got 30 or so minutes to spare?

I forgot to add about channel breakouts: only take those valid breakouts that do so in the direction of the trend. Avoide those against the trend.

Got 30 or so minutes to spare?