The market is like 1000 wildebeest on the Serengeti. No one animal knows where they are going just as no one price bar tells you where the market is going but the collective ie herd knows where to go in search of food and water. Historically you ...

Forex Dream Chasers - The 90% rule of randomness

Agreed, if you have a $100 account and can make $1 then common sense tells me that you can do it again and again. I've taken a $100 account to a thousand and back again many times! How about "you're exit is more important than you entry"(or vice ...

What does that even mean anyway - common trader sayings

If squirrels didn't have cute furry tails they'd be rats and we would have exterminated them a long time ago.

Pound Trader Weekly Message

IMO it's because the MacD on the daily is about to push thru the zero line. First time in one whole year since it got above water. Could be a big push up tomorrow to the 1030/ 1050 zone.

EURUSD

Very interesting discussion on Fez and his Millipede trading. Here's my take. Regarding Fez's credibility, on one of his earliest replies on another thread he said he spent a couple hours trying to code an indicator without success. Would a wildly ...

Extracted Thread (per thread starter's request)

Trading is like sailing solo around the world... it takes both a skilled sailor and a seaworthy boat to succeed.

Pound Trader Weekly Message

Fez you must be the first to make Graeme's method work besides him. Many tried. I'm interested to know how different your style is from his.

Extracted Thread (per thread starter's request)

I've read somewhere that Barrick Gold spends $900 to produce one ounce. I think you are right CT that if the price drops to $1000 the mine will shut down and supply tightens. The 4hr looks like a dead cat bounce to me but I'm still leaning towards a ...

Only Gold!

Hi All, Just hit Monthly pivot S1 and Weekly pivot S1 as well as Monthly lower Bollinger band... should be some kind of bounce.

Only Gold!

I don't have a hammer on the daily. The selloff Friday was a beautiful break of the support at 1182 and I would have expected a retracement back up before another selloff. If not then it's telling me there are very few buyers or traders taking ...

Only Gold!

Looks like FF has removed this thread from the front page again. Should be 54 min ago. Sorry Yunben but FF would like this thread to die a quiet death.

Broker reverses $20K winning trades for alleged latency arbitrage

Interesting, FF has blocked this thread from the front page obviously because Forex.com is an advertiser. Clearly FF cares more about their advertisers than you and me. See Pdf. Should be listed. I've been using Forex.com for years without problems ...

Broker reverses $20K winning trades for alleged latency arbitrage

You could've got out at -4 at the end of the hour and had a long signal. Now you'd be up. 'K

Lazy trading

Agreed but we can only make money forward testing - not back testing. With that kind of thinking Warren Buffet isn't a good trader he was just lucky forward testing his strategy for the last 50 years? Maybe when he has been at it for 100 years that ...

Lazy trading

Two years of forward testing is worth more than all of your opinions combined. He essentially has a system which is borderline profitable but has adapted it with discretionary stoploss and takeprofit to bring it up to profitable levels. Kudos to ...

Lazy trading