Well, he is European, and he did work at the IMF, so 2 out 3 ain't bad for those muppets. BTW, here it is from the horse's mouth, dated yesterday. url

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This ain't a thread for noobies. It moves lightning fast in here and lots of traders, including me, talk in roundabout riddles so the newest among you really don't have a clue what we are on about half of the time. But heh welcome to FF, there are ...

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You asking is exactly why he added it.

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That was yesterday, some newsources are a bit slow, but yours is taking the mickey. And you got that a bit backwards, there is no European IMF, Borges was the European head (director) of the IMF, not the head of the European IMF.

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I covered all of mine, am flat now. Need to let all this news crap filter through a bit here. Spain/GE is touching 500 again, Fitch is still spouting BS here on the wires.

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Last night and today we had the FED saying they would add liquidity in the form of swaps, the ECB has been busy all morning (see numerous of my posts here) the ECB is now lending money to the IMF, the spreads have been tightening all day. The only ...

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Nah, I missed it. If it was up to me, watercannon and teargas would be too good for them.

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I added a second study by the FED to the earlier post. I generally tend to ignore the retail press and cr@p from brokers and tend to listen to what academia and respected researchers are saying.

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If you are serious about trading patterns in FX, this is a very good read: url They go in to serious mathematical detail when it comes to pattern recognition. Their conclusion: url

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Well, now you mention it, yes. Almost as bad as this kid:

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Hear, hear, news in 10, news in 10

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The backstoppers are still out shopping, look at the spreads.

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Fitch had a few shorts underwater.... Oanda did tell their noobies to stay the heck out of this market, there is an email floating around somewhere on FF. I like the noobies to stay right here, make yourself feel at home, don't get too comfortable ...

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Start over at babypips, read it from front to back. Then get your hands on any book that pertains to your chosen strategy and start formulating a plan. Google is your friend. I am not the one to ask for help, the rookie section is probably better ...

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I told you, you have to finetune what you are working on now and test it. Fundies/News/Correlation/equities/FI will all come later, you haven't even gotten out of the starting block, no need to know the difference between on-the-run/off-the-run or ...

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Ignore all of that, you are getting in way too deep, start at the basics, you got to learn how to crawl, before you start walking, let alone running.

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Both, you start with the historical, finetune your strategy using that. Then you go test it on demo and finetune it further, then you go write the final tradeplan out on paper and you go live with a small account, finetuning it further, then you let ...

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The truth sounds harsh, but only to those that can't see it.

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There you go, now you are talking.

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How many documented trades have you tested your strategy on, if you are going to give me a number that is anything less then 10,000, you've got some work to do. Most noobies get all excited when they get 10 or even 100 winners out of a strategy and ...

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