Recent content by Rangerdoc

It's not about who's right or wrong. I was merely pointing out that there are alternative points of view and different styles. To each his own. There is no right or wrong approach to the markets, only what works for you vs. what works for me. I think it does a disservice to those who are newer...

Single lots Cable. I usually stick to EJ, but the price action was better on cable. Plus, even during the insane drops, cable still had some decent spreads if you're nimble. I actually experienced 20 pips positive slippage on an exit today.. that was a first. And, to be honest, yes the pucker...

Hmmmm... Not necessarily. Us scalpers had a killer ride today. Hell, that was the best action I've seen since prom night!

I keep scrupulous records of my trading. Every loss will teach you something very valuable. If you can accurately determine what your trade history is telling you, you can be successful. I think it is crucial learn what type of trading fits you, right now. I say this, because it can change...

Hey guys.. I want to become an neurosurgeon. Which books should I read? OK, please forgive the sarcasm, but I just had to make the point. I've spent years of my life and thousands of dollars on books and DVDs. I wish I could erase everything I learned in them and get my money back. Most...

Actually, Jesus talked about money more than anything else. It's the #1 topic in all parables. That being said... I don't think God is too fond of consumerism as a national religion. "In the dollar we trust"

Here's a neat idea to determine direction: if price is going up, then the direction is up. If price is going down, then the direction is down. Best indicator ever! In fact, try using price instead of indicators for everything else too.

I don't think 5% for some trades is unrealistic. But for EVERY trade.. yes, it is unrealistic. I frequently make 10 - 15% per trade, but I may only make a few trades per rear. Some trades only net <1%. Risk is the most important factor as you have heard many here say. If you consistently risk...

The sick thing is that most of us knew better too. It's like walking past a "wet paint" sign. First you look to see if anyone is watching, then you touch it to see if it really is wet! Oh yeah, I didn't get a refund. He insisted I send him a brokerr statement showing 10 consecutive trades...

I traded the system live from the release of the new system in February. I quit after 50% drawdown. I believe those who have continued to trade by the rules are experiencing even greater drawdowns. The system creator, Beau Diamond, has all but abandoned the private forum; which is virtually a...

Been live with them for 6 months. Pretty happy. Their charts suck. I use MetaTrader4 instead & just use FXSol for trading. They've never screwed me. 1k lots is nice to fine-tune risk management

Well, it's been over six months for the new system, and I must admit the results have been abysmal. I quit trading it live a few months ago. I've been only observing since then. As the system failed to realize any substantial profits off the tremendous moves we've seen this year, I feel it is...

I really haven't planned for long term. I find as I learn more, my plans change dramatically. My goal right now is to trade this for one year. I'll evaluate wether I'll continue at that time. I may trade it for years. I do know the daily signals will be either available for years to come... if...

Average open trades last from a few days to two weeks. Maybe longer in unusual circumstances. Sharing the manual is definitely not allowed per the author's request. Each purchaser is given a unique password to the protected PDF. I will tell you that the owner of the system is extremely...

It's called 5Minute Forex because that is supposedly the amount of time spent each evening placing entry orders. I spend significantly longer, but that is by choice. As far as charts, there really aren't any needed. Much like one would place entry orders based upon pivot points or Fib...