Well said. But, I personally prefer to take the perspective that 2+2=5. It works far better for understanding the market.

5 years and still no strategy

I'm not peddling a 'secret' anything. The methodology is right there in plain sight. Whether or not others understand it is entirely up to them. I have no need to pretend it must be kept secret because I understand full-well that it is no secret. I ...

5 years and still no strategy

Lol, yes... "rubbish". If you are profitable then you understand full-well what I'm talking about. You also understand that it doesn't matter if people are told that their cognitive dissonance is the culprit. That's something they'll have to figure ...

5 years and still no strategy

Then the answer is 'no'. I do not 'make' money. The central banks do that for me. I reallocate the value of other's accounts to my own by exploiting their expectations and taking advantage of their reluctance to acknowledge when they are 'wrong'. I ...

5 years and still no strategy

My 'strategy' is THE strategy. I by no means take credit for having some ingenious methodology. The way to be profitable wasn't devised by me. It was only through humility and learning what everyone else is doing that I was able to discover what ...

5 years and still no strategy

Is it too late? Or is it too early? ;-D That's the point of knowing the difference between a trend and a retracement and a reversal. Everything becomes clear with time. Discipline and patience are required to finally reach that level of clarity. My ...

5 years and still no strategy

Yes. I would disagree. Pretty much every EA strategy works in the longrun... if you know when to apply it. Obviously a strategy designed to profit off an uptrend will lose money on a downtrend and vice-versa. To say EA's are junk is like saying a ...

5 years and still no strategy

I disagree. Most of it isn't junk. A vast majority of it is applicable and does work under certain circumstances. The problem is that most people don't understand how to identify what the circumstances are at any given moment. Most of the ...

5 years and still no strategy

You learned all the 'rules'. Did you learn how to think for yourself? The global economy doesn't conform to rules. So, I'll give you these three recent events; Fed raised interest rates(as everyone expected) then the USD dropped for two weeks. ...

5 years and still no strategy

Waiting until NFP tomorrow.

Naked eye patterns

The point of the 'feelings' is to identify trade setups before the indicators/system send off signals. If you thoroughly understand your system and how it works then you can rely on your feelings before the system actually detects the changes (hence ...

How to make a living with trading?

This is a waste of time. I understand anthropology and psychology, economics, politics, physics, mathematics, and programming. I've also spent 15+ hour days watching the markets for months... along with 10 years of searching for the edges before I ...

Opportunity for coding

He is correct. Shortly after I break my first million I will be off traveling the world and living my life. You don't 'need volatility'. The news is what creates volatility.

Why aren't traders who straddle the news successful?

They focus on two things. 1. How much time/effort you have put into trading (Experience) 2. How much that time/effort paid off (Profiting or still losing) Time and Money. That is all that makes the difference. If you can explain the mistakes you've ...

Different ways of Raising Capital

Generally; as little as possible (roughly 5-10% and up to 90%). I attempt to maintain very strict entry criteria. I then martingale my position if it drifts away from me because a losing trade is just a winning trade at an even better price if ...

Drawdown % vs. Profit

Are we talking about an EA or a trading strategy? I'd take the less risk option for an EA and the higher risk option for a trading strategy. The EA has added risk in that it's a dummy-system. A trading strategy performed by a person has the added ...

Drawdown % vs. Profit

No, I'm saying if you push yourself and don't quit after losing 90% of your account in 90 days you'll make it. Of course, I could be bias. I worked part-time 20-30 hours a week for that time and spent roughly 100 hours a week on Forex. So I probably ...

The 90/90/90 standard

  That is one way. But that often comes down to guesswork. Another method is fundamental speculation. Another way is to feel for their movements after they've started to move and respond before they're done moving.   This is the game we play. I ...

Is strictly trading support and resistance profitable?