good thread, my kind of trading. here's a little tip: Unusually long wicks are often good signals that a trend is ending. By that, I mean a long wick shooting way up bullish often signals the end of an uptrend, and a long wick dropping down often ...

Trading Naked - Reading Candlesticks and other Price Analysis

I am in the process of scripting a highly customizable/personalized php site, for my own personal use, which tracks trades by day, week, month, etc. i can also sort the results through different systems. it tracks each trades r:r ratio, as well as ...

Keeping track of trading activity

Makes no difference to me, if they make money or not (hopefully they do), and when they post their trades, if they do. I never let anyone else's trades influence me, and my trades, so I guess I don't pay much attention to anyone else's "signals" in ...

What do you think of members who only share their trades way after they happened?

Got in at 1.9782, s/l 1.9952 t/p 1.9322, hoping for a big drop

Cable Update (GBPUSD)

just barely broken, i'd hold off for a couple hours to confirm it actually closes above and doesn't retrace back down, i'm still short

Cable Update (GBPUSD)

bemac, i think you're looking to deep into things, i asked a simple question as to what each individuals preference was, simple as that, nothing more, nothing less. Kind of like asking, what's your favorite ice cream flavor, no need to see it as ...

Do you count trades when you open or close them?

don't think that really exists, since it's a decentralized market, you'd have to get all the info separately from each broker and even then i'm not sure they would give you that information. hint though, a lot of stops are placed around round ...

Market Depth

Guys, I think you missed my second post! Perhaps I should have labeled my question different, such as "Describe characteristics of good and bad trades, both winners and losers". As my quote above states, winners can be "bad" trades (not following ...

most common reasons for wins or losses

As you both stated, very true. EVERY (winning) system has losses, they are unavoidable, and to be expected. I am just interested in what YOU (and me) do to cause losses, incurred by deviating from your system or general trading rules which i have ...

most common reasons for wins or losses

always % of current balance, one of the main objectives in FX is to protect capital, without it you have nothing, and by using 2% of your CURRENT balance a string of losses won't hurt you too much.

How much do you risk per trade?

Glad to see I invoked some very good and well thought out responses

Why professionals "only" make ~30% anually

I lost a few hundred pips (of profit)

recent AUD action

north finance has a lot of pairs, i use them for my demo (mt4)

trading rare currencies

depends on your definition of rich, and starting capital. but if someone can learn how to consistently trade profitably after years then i would say they are "well off" and certainly on the highway to "rich".

Once you can trade profitably are you rich?

so how about trading one pair (gbp/jpy for example) with two brokers, go long with your normal broker, and short with a broker that doesn't have interest at all, doesnt give or take interest on any position.

EUR/USD,USD/CHF Hedge

Good points. what I meant was a simple yet effective method was given to two people, with everything clearly explained and understood. i didn't so much mean execution, but more of where to exit, exiting early, not exiting, etc. psychology plays a ...

Method or Man?

To put it very simply, you can give two people the EXACT same method, and one person may profit very nicely, while the other will lose money, because discipline is the most important thing IMO, and discipline is an attribute of a man (or woman), not ...

Method or Man?

it depends what mt4 broker you use.. i use north finance and they have a ton of currencies, oil gold s&p etc. even some stocks i think.

Charts on Metatrader