I like it here. WTICO/Usd is 20 pips off 50.00 and Cad figures coming in @ 08:30. Anything could happen but probability tells me OPEC having another go at reducing output will not work. Mr Trump would love shale oil to be viable but we are in a ...

USD/CAD

OK. I think something was lost in translation.

5 years and still no strategy

Your logic flawed here, too. If we choose an entry based on probability bounds analysis then we have a chance of making a profit. Remember, this can include the exit as part of the package. Your exit is either a stop loss or a profit. If you take a ...

5 years and still no strategy

Ignoring the aroused Ronda Rousey for a moment and going off topic. May I ask, do you use the stock MT4 ADX?

5 years and still no strategy

I'm reading this thread and to my left is an advertisement for a company that is giving away money and with that renowned forex trader Usain Bolt as an official sponsor. Reminds me of some award winning cheese I once ate. Time for doing something ...

5 years and still no strategy

You are quite right. Money management is for wimps. I have even found 3 systems right here on Forex Factory that give you an arrow. You put your whole account on it. Easy.

5 years and still no strategy

Would you be prepared to do a simple statistical exercise then, one that I set for you? I guarantee it won't take you longer than an hour.

5 years and still no strategy

Really? I end this discussion here. I have better things to do than discuss the difference between reliability and probability with someone who, by their own admission does not know how to trade profitably. Not only that, someone who deems it ...

5 years and still no strategy

Well, you should do your own calculations. Personally, I would never use any type of martingale strategy, but sometimes I will increase risk if I'm already in profit in a trend.

5 years and still no strategy

Your logic is flawed here. Not reliable = random entries are just as viable? I don't think so.

5 years and still no strategy

You are right, it is not reliable, especially in the hands of someone who is not an experienced trader. Here are a couple of recent charts: image image

5 years and still no strategy

Entries are extremely relevant. For example, if the Asia range is very low, there is a good chance the London/European session will form a strong break out. It is true that one can profit from random entries, but one can also lose from them. Why ...

5 years and still no strategy

It's very easy to keep risk below required parameters. A spreadsheet will do this for you. No need to start cursing. Scared money will always lose. "5. Traders focus almost entirely on where to enter a trade. In reality, the entry size is often more ...

5 years and still no strategy

I wonder if the days of oil fired power stations and oil powered cars are numbered? Here is a US company that seems to understand what new materials can do. I don't think oil is going to rise in cost above say, $60 for many years to come.

USD/CAD

Sorry to hear about your illness. Hope you are fully recovered and working hard and all of your family are well...

Cesarnc's market talk, gossips, rumours & fun

<=== sounds about right. LOL.

USD/CAD

Australia GDP per capita and exports per capita are higher than those of New Zealand. I think New Zealand, for such a small country with low population, has been very well run. However, the Aud/Nzd pair are reaching the end of a cycle, in my opinion.

AUDNZD

Good morning. Maybe off the 1.37 mark for me... What can you see out of the window Edward?

USD/CAD