Look at you doin' it in real-time!

The similarity system

Oh, you're right. Weird. I'm sorry for that, Jay. He didn't delete his post. It just got buried quickly. I found it. I'm wrong with that one.

The similarity system

To further emphasize my point - as well as the CFTC's point - as pertains to how market participants are defined. Here's another weekly chart. I labeled it this time to make it easier for you. As you can plainly see, commercial participants are ...

The similarity system

Yes you did. You're also right, it is an easy thing to check. If you didn't delete it then, how the hell was I able to quote it in my response? Here, here it is again: Quoting FX-Jay Maybe we should inform banks and the (always right) commercial ...

The similarity system

Oh yeah, comparing historical positioning extremes is one thing - I was referencing your comment (which you apparently deleted) about "Maybe we should inform banks and the (always right) commercial traders" . But you'll notice commercial entities ...

The similarity system

Commercial trader positioning consists of entities that use the traded instruments for hedging and business purposes. As such, their positioning data typically reflects them buying during downtrends and selling during uptrends. Commercial traders ...

The similarity system

That's what happens when you have no concept of inventory management. Obviously, it's a bad idea for you. You probably shouldn't do it. You should go find a nice indicator that tells you when to buy and sell so you can blame it for bad trades ...

Trading Without a StopLoss

Yeah, like I mentioned though, when you trade that way, things get a little hairy when the month reverses of it's high or low. From a manual trading perspective, it's pretty easy to look at it yourself and shuffle some inventory so you don't get ...

My multi-currency trade journal

Oh, for reference, if you try to use "swap monitor" indicators on FXCM's MT4 it displays 00's. Learned that one a while ago.

Trading Without a StopLoss

It annoys me that my broker (FXCM) doesn't post them on MT4. I have to use their Trading Station 2 platform to view the swap rates for all the pairs I trade. On top of that, TS2 only lets you subscribe to 20 symbols at a time unless you email them a ...

Trading Without a StopLoss

To put it plainly; trading without stop losses really isn't all that big of a deal so long as the trader does his or her due diligence in managing losing trades. To be honest, while trading without a stop loss doesn't necessarily give you a ...

Trading Without a StopLoss

I mentioned in my post that I can only test it on one currency at a time. The entry criteria are completely static relative to the monthly open. On up months, I buy every day, on down months, I sell every day. At the end of each day, I close trades ...

Trading Without a StopLoss

In my adventure translating my management system into an EA I've done dozens of back tests over 7-8 years of data. None of which result in the account being blown. This was the last back test I ran on a single pair. Currently forward testing it on ...

Trading Without a StopLoss

My management system has a lot of discretionary trading involved. I just finished coding an EA to manage it all for me but even still, the program itself allots for discretionary opening and closing of trades. I'm still of the opinion that the key ...

Trading Without a StopLoss

Hi Dave, It looks like things are going well for you so far. Remember that trading this way isn't "risk proof" - you'll still have your bad days, just like any other trading method. I've been away coding an EA to do my inventory management for me ...

My multi-currency trade journal

Seriously, lol. With the exotics, some of the tick values are so low that those are the types of positions you can hold on to until they come back if they go against you. It's like, "trade goes against me 2,000 points? No biggie, it's $20.00". ...

Trading Without a StopLoss

The FIFO change is a pain in the butt. I had to deal with it a couple of years ago so I limit myself to one trade per pair. Around that time was when I increased my diversification to 28 pairs. Just recently, I started getting into the exotics. I ...

Trading Without a StopLoss

Diversifying your account across dozens of pairs - even exotics - with small lots and low leverage gives you more control of your total position. For example: 1K lots across 30 pairs is essentially a 30K lot in a single pair. After initiating the ...

Trading Without a StopLoss

A conversation between my wife and I: See, the way I look at it is.. Well, think of all these people across the world on these Forex forums. They all want to be wealthy, they all want to run successful businesses through trading. Everyone thinks ...

Trading Without a StopLoss

I dunno, honestly. He was banned from just about everywhere but he was "big" before my time on forums. I just remember getting all excited about his indicators when I was on my "holy grail" quest. He wanted money for 'em and I don't pay for that ...

Simple & profitable: 00 horizontal line trading