Steve is an employed worker and is accustomed to a monthly paycheck. It's very hard to make the mental shift and accept that for 2-3 months you may not make money, or even lose money. Just think about it: you quit your job, you are all excited about ...

Steviet's Live Trades!

The trick is to be able to recognize when markets are stuck in a tight range from when they are trending. If you want to be a full-time trader, you got to make sure you make a decent amount of pips each month. Trading must be like any job and give ...

Steviet's Live Trades!

Make sure you give your candlesticks learning enough time to kick in your brain. Candlesticks patterns and formations are very visual and have an immediate impact on your eyes, yet it takes lots of time to learn how to use candlesticks properly and ...

100 Trades Analysis

perhaps i wasn't clear in my post. the book i suggested is primarily focused on psychology. the author tackles the common psychological issues a trader comes to face in a very unique and different way as opposed to most of the psychological books ...

100 Trades Analysis

Yep, different position size for different patterns and setups is the key in trading. Although the 1-2% rule or whatever other %s are good to start off for beginner traders, as you improve your skills and develop your trading style you should be ...

100 Trades Analysis

good points. nevertheless, keep in mind that being emotional is not bad. here is another myth about trading: those traders that are emotional, that get pissed off after losses or enthusiastic after wins are going to lose in the long run for lack of ...

100 Trades Analysis

watch out for mr. forex if that's the way you manage your positions. choosing to not manually close out a position and let mr. forex - i.e., those dishonest market operators who run FOREX - decide how much you lose or win is a mistake IMHO. i have ...

My Trading Methodology

My max drawdown allowed before I take a few days off and review what's happening with my trading is no more than 4-5% of my total capital. My tolerance for drawdowns is almost equal to zero.

What drawdown does everyone use?

As a price-action-only trader I feel to say that you are on the right track. However, I would like to point out that there is no BETTER method or system. Price action is not better than indicators or other mechanical systems. It's better for certain ...

My Trading Methodology

Last year, when i still was trading FOREX before switching to futures, I attempted to trade in the open days between Christmas and New Years. Fortunately for me, the system i was using back then didnt produce any entry signal. Volumes were extremely ...

Holidays

I currently am using strategy runner. I tried out both ninja trader and x-trader, which are very good alternatives as well.

What's the best trading platform available?

Bingo! There is another wide-spread cliche about losses that goes something like this: you must accept losses and move on without trying to understand everytime why you just lost. There even are some who claim that reviewing your losers only brings ...

Sorry. But you all need it.

You'd be getting much worse results if you computed the numbers by using a faster ATR. I like to set ATR at 21, giving me a better perspective of the short term volatility. Right now, EURUSD would be below 70 pips per day against the 100 pips it ...

Why the decrease in range?

Hi Trucco how are you? I can see you've been making lots of progress over the last 5-6 months. I am happy to see another Italian guy being successful at this game. As you probably noticed, I no longer post here at FF. Nothing wrong with the forum, I ...

Trucco, Trade Ideas

MM is not an exact mathematical science. There just arent fixed rules out there about MM. MM is a mix of both numerical and psychological factors. 2% of a $1,000 is much different than 2% of $100,000. This is why depositing as low as $500 doesnt ...

Noob question about Money Management

Most of you guys who have been bashing eSignal probably have no clue on it works. As someone else already mentioned in this post, eSignal gives you the opportunity to single out your data feed. You can choose the FOREX datafeed amongst hundreds of ...

Anybody have esignal software

Intersting article, thanks for sharing. As good as automated systems can get, they'll never be as flexible as a human mind. If trading was only about shooting fast and straight, then it'd be a perfect science and markets should be functioning ...

Computers to replace Traders

If you trade 10K mini-lots with a 400:1 leverage, that means you are only required to put down $25 for each mini-lot contract you open. I trade mini-lots myself yet I never use a leverage higher than 1:4. I know it may sound ridiculous, but that's ...

Risk Management..let's get something going here....

From what I understand, your problem is risking different amounts of capital per each trade. You dont treat your trades the same. Some you risk 5%, some other 2.5%. That's how you screw it all up in my opinion. You dont need a much elaborated risk ...

Risk Management..let's get something going here....

It sounds you have a decent system right there, whats all your stress about? I also operate out of different charts simply because there are things that I want to see somewhere and I need to look around to find them. When I asked you about your ...

Risk Management..let's get something going here....