Optimum take profit So I have mentioned exits on the loss side, but what about taking profits? Following the probability line arguments, there can be intermediate levels in every trade that you identify that price has to clear before it can hit the ...

Zhu's Forex Thoughts

Why I have decided to start using exact probabilities in my trading I read the book Superforecasting: The Art and Science of Prediction recently. IMO, this is a must-read for anyone serious about investment and trading in general. One of the key ...

Zhu's Forex Thoughts

Setting Trading Goals So far I have been doing this on a daily basis before and after each trading session and also at the start of each month. A good goal has to be process oriented. It should not be focused on making a specific amount of money. We ...

Zhu's Forex Thoughts

Does EUR/USD trend? Well I am being real specific here. I would like to believe that what I know is applicable across all assets and markets, but that would not be possible to know without testing. I only speak from experience. I think people ...

Zhu's Forex Thoughts

some things i left out. I only trade EUR/USD. I have lost ~25k sgd from jan 2012 to may 2015 and spent easily ten thousand hours on this. from aug 2015 to november 2015 I made 12k sgd trading with the above system/approach generating consistently ...

share your best system for real trading

I have made a personal decision to share as widely as possible how I trade. I have benefited greatly from various mentors who have been generous with their knowledge and experience and I think it is time that I attempt to give and create win-win ...

share your best system for real trading

Another gem in the forum. The tick volume indicator is so freaking awesome. Whoever first came up with the idea should get a nobel prize in trading indicators. Some really good ideas here. As long as people do not take the easy way out and start ...

PVSRA (Price, Volume, S&R Analysis)

Still think this is one of the best systems on this forum, if not the best. I don't trade this but I can see that like all good systems it really takes a lot of effort to master.

Alien's Extraterrestrial Visual Systems

This post is so cool. - I use stop losses (but usually I exit earlier.) - I use indicators. - I concern myself with entry prices to the pipette. - I look at charts throughout my entire trading session. - I sometimes add to a trade near to its ...

Is Forex trading worth it? If so, why?

I have been watching bitcoins for awhile and recently noticed it broke out of its range. Fundamental wise, supply is slowing and more or less fixed; transaction volumes have been on the rise. To me government resistance is a good thing. Have been ...

Position Trading - F it, lets start a thread

Why not? The person could have deposited 10k and lost 9.4k and managed to pyramid into a large winning position. The trade summary is for the recent day with no history of trades.

Is this statement reliable and possible?

++++++++ But I would add that, good trading means "curing" tacking the source of the feelings/negative situation in positive and resourceful ways. The default response built into our human psychology is typically wrong. An example is when ...

Is Forex trading worth it? If so, why?

Highly recommend IC Markets. Never any problems with withdrawals; have withdrew more than 30 times, > 10k worth of profits. same day withdrawal; 3 business days to reach bank account.

Best withdrawal brokers?

I think what AlphaOmega is trying to get at is this idea that there are certain "moments" (yes I like to think of them as moments) in the market where it offers fantastic opportunities for you to get really really big without having to take on ...

Technical Analysis alone will not give you an edge

But I'm trading 3 days a week, 3 hours each time. That's about 2 hours a day! I find that it's important to not over-trade as many who call themselves intraday traders often do. It's counter-productive. Attention and focus do not scale well. I can ...

Technical Analysis alone will not give you an edge

Second this. "I personally have never been able to make consistent profit on the longer time frames." That has been my experience as well. I am sure there are many who can though, so maybe it's just not my thing. I think we all have to find our own ...

Technical Analysis alone will not give you an edge

LOL. 100% winrate. Someone touting a 100% winrate is missing the point of the game completely. Trying to avoid losing trades is like trying to get everyone you meet to really like you. IT IS IMPOSSIBLE. It all comes down to how you define success. ...

Technical Analysis alone will not give you an edge

Best post I've read in awhile. I personally think trading literally changes your brain's wiring. To become a good trader you need to unwind from decades of social conditioning and brainwashing.

Technical Analysis alone will not give you an edge