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Technicals Vs. Fundamentals?

Hi Meruem, Intention drives results and everybody gets what they want out of the market. You may consider listening closely to your feelings about <starting again from square one after an account blow-out>.

Starting the journey again

The elements of good trading are: (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance.

Following the big money

Visual inspection of a chart displaying weekly prices tends to do the trick.

Is Forex trading worth it? If so, why?

Fundamentals that you read about are typically useless as the market has already discounted the price, and I call them "funny-mentals." However, if you catch on early, before others believe, then you might have valuable "surprise-a-mentals."

Technicals Vs. Fundamentals?

Hmm, ok. 1. When price exceeds the 4 week high, close short postion and go long. 2. When price exceeds the 4 week low, close long position and go short. Its not my system though. Give this guy the credit when you're raking in the pips. image

Is Forex trading worth it? If so, why?

I didn't find that statement cynical. It happens naturally and all the time. Panic and desperation are running themes especially among the crowd that likes shorting the high.

Twelve widely believed forex myths

A brash but correct way of putting it. The landscape of fundamental factors is always in flux.

Twelve widely believed forex myths

The random walk hypothesis is soundly disproven by the continued profitability of purely technical trading systems. Market efficiency is not antithetical to profitable speculation. It only becomes incompatible if you hold the belief that there ...

Twelve widely believed forex myths

An oddly specific recommendation to make considering that one could also come out ahead by just devoting the entirety of 15 minutes per week.

Is Forex trading worth it? If so, why?

Usage of 'Fibs' is not a predictor of profitability. Two 'Fib' traders can both believe in the same concept while interpreting it to produce different results. A better predictor of profitability is the extent to which a trader is long during a bull ...

Where is the logic behind applying Fibonacci to trading?

Yes. The people who approach speculation demanding the highest standards of rigour and empirical proof tend to become wildly successful. A speculator only trades his/her beliefs and opinions about markets. The successful ones allow their beliefs to ...

Where is the logic behind applying Fibonacci to trading?

Do you randomly go on tirades like this? Perhaps I misunderstood your original post, but damn. Keep a lid on it, Mr Badass. The contention is that the best traders spend almost no time trading themselves. They keep themselves busy with other more ...

So, what IS a successful trader?

Quite the contrary. Many successful traders have more free time than anyone else and spend almost no time manually executing and monitoring trades. The stereotypical 'forex trader' who spends his waking hours trading the markets is an entertaining ...

So, what IS a successful trader?

'I don't judge success. I celebrate it. I think success has to do with finding and following one's calling regardless of financial gain.'

So, what IS a successful trader?

It certainly depends on the meaning you give it. Any strategy is essentially a filter or set of filters that discriminates between being long, short or flat based on market conditions. Its not uncommon to notice that a strategy performs better when ...

Diversified Trend Trading Approach

lol, hope your testing goes well. My gripe with filters is the implicit suggestion that they add value with no drawback. People tend to think of filters in the context of "filtering out bad trades". After having spent much time ...

Diversified Trend Trading Approach

I don't recall, but now that you've mentioned it those rules seem strangely arbitrary. I would opt to skip the filters and further simplify the core strategy. This guy does a fine job of detailing such a strategy. (Disclaimer for the rest of Forex ...

Diversified Trend Trading Approach

Hi Ponzi Jr, Considering that the future is uncertain and either or none of those scenarios could play out regardless of your analysis, you should trade in a way that maximizes your ability to accept the outcomes of your decisions.

What does a candlestick with a particularly long body signal?

I'll just leave this here. video

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