You can't convince Petra, he thinks that on a intraday basis the markets behave completely randomly therefore it is impossible to profit on the long term.

What is your edge?

If 10.000 asian housewives trade forex there's a safe bet that maybe 100 of them are profitable. And you read about about these 100 in newspapers and nothing about 9900 who probably lost their family income. Don't panic, the males are not doing ...

Female/Woman/Girl Traders here...

It is normal when some women gather in a place or forum to discuss about some things which are uninteresting or boring to men. Nothing wrong about that. Trading is unisex. Like mathematics or physics. I didn't hear about a "women approach to e=mc2" ...

Female/Woman/Girl Traders here...

Hm, something like, the shoes were not so expensive as I thought so is it a good idea to buy some aussie with the money left? Yes, I know, it wasn't very gentlemanly from my apart to bring the clothes into discussion but I don't understand what ...

Female/Woman/Girl Traders here...

Jedi, look. One trade or 8 months of trades are not proofs. I can show you 6 months of GBPUSD using binary options which would have kill your account. Your options work if the market is trending or suddenly very volatile. But these are the exception ...

Binary Options - How not to get stopped out

Only in fairytales. As I said, the price of a binary option is based on the average volatility. If your option expires next week then the seller of that option will calculate how much the underlying pair moves in 7 days and will add his comission. ...

Binary Options - How not to get stopped out

Binary Options and the related derivatives are functions of time and volatility. Their are better than spot because the price can go against you as long as it wants and you don't lose more than the initial bet but they expire worthless if the market ...

Binary Options - How not to get stopped out

My dear Watson, they search for new ways of exponentially increasing their profits! We, on the other hand, as clear losers, try to find ways to lose less. It all depends on what you focus yourself on.

position sizing on system with high W%

Believe me, you will. As I don't know your system and how experienced you are I'm almost sure that you based your calculations on some theoretical past performance. The next results will deviate from your expectancy.

position sizing on system with high W%

We live in a world of highly deluded traders. There is no such thing as a public method based on technical analysis which works and there's no book which will teach a profitable method. If there would be one then people with more resources than you ...

The Fundamental Error of Elliott Wave Theory

If I understood correctly, you win 9 from 10 trades and your stoploss is 3 times your takeprofit, in pips. Well, if these ratios continue you have found the holy grail. Forget about martingale or any fancy system, you can safely risk 6% on every ...

position sizing on system with high W%

In a hotel.

Trade at home or at the office?

... which is called curve fitting. If my SL is hit it means that the market went hard against me. My first TP is where I consider that the market can make the first turn against me. So I protect my capital as soon as possible by taking a part of ...

Moving SL to BE is very wrong/noobish

That's a very limited view. An EA can use time, open of sessions, breakouts, key levels which are not at all indicators. [/COLOR][/COLOR] Another fallacy. The lagging indicators are derivatives of price. There are leading indicators, like fibs or ...

Which EA is making money for you?

You fail to realise that the main task of a trader is to reduce his drawdown! The winnings don't count, an experienced trader knows it. It is easy extremely easy to find methods to increase them exponentially but in the same time extremely difficult ...

Moving SL to BE is very wrong/noobish

I've coded a variant of DIBS which is profitable. It is not extremely profitable on a daily basis but you can double your account every 2 years using the pairs which trend the most.

Which EA is making money for you?

An EA must be simple, otherwise it is not better than discretionary trading. Too many key variables or "if-the-else" in your EA and you run the risk of over-optimization which maybe worked in the past but will fail for sure in the future. You don't ...

Which EA is making money for you?

That's inside disinformation.

(binned per thread starter's request) Behind Price-Orderflow

As every major player tries to hide his intentions I can't see how one can profit from "knowing the orders" without some inside information, like knowing that Deutsche Bank intents to sell X billion of currency Y till next Friday. What Scotty wants ...

(binned per thread starter's request) Behind Price-Orderflow

You asked for the "exactly right moment" so look in the mirror for the author of imbecilic wishes. Now, regardless of the time frame or some fancy indicator, any serious trend will begin with a significant breakout while the fundamentals will back ...

Trading 'The Turn'