Recent content by tomorton

Are any traders using the I Ching to guide their decisions? Maybe your long-term investments or business decisions?

It's impossible to gauge where we are in a historical sense just by flicking through random current headlines selected (or not) and highlighted (or not) by random media organisations. If it was really possible to do that we would have been convinced we were approaching the end of the world on...

Scam brokers make ridiculously ambitious claims of their clients' wealth and profits. Clients are often pictured taking selfies with a supercar.

And always be careful not to drop your dart when you're only wearing sandals.....

I'm a trader rather than an investor, but if I'm going to be holding longer than a day, I never short the US indices.

If by "clearing away the unwanted" you mean eliminating unwanted people / populations, then war has been an extraordinarily inefficient mechanism for doing that. Though I suppose that will not stop misguided dictators and demagogues from trying it.

Same principle - comparing averages with medians is ignorant. Average and median incomes are readily available statistics, but I have never even seem median expenses expressed.

Average income is meangless. Median income is the one which tells you something useful as a comparison to others - the median income is the level with 50% of the population above and 50% of the population below.

I have seen similar research and conclusions on Youtube at TheTransparentTrader. But his backtesting of strategies is normally broad, by which he applies each strategy to multiple forex pairs through the same time period. He finds that firstly, yes, TA-based mechanical strategies applied to a...

It's hard to trust something with no track record which I cannot understand. And you haven't given any information so that it can be understood.

Making a profit every month is an unnecessary burden on a strategy. But that's the only problem with the ambition of trading for a living. Except if you also count withdrawing your profits rather than compounding your account.

This thread reflects the riddle as to why a trader using a strategy with only modestly strong metrics does not do better. A strategy like this should not be as rare as unicorns - 55% WR 2% risk per trade 1:1.5 r:r 1 trade per day

There's other sorts of fun. I'm hoping for some next week, if the lady is free....

Actually I think the truth is more subtle. Strategies that are TA-based, with sound risk management and which work on basic principles do work all the time. But not all the time on every market. I have seen it many times in forex that a great strategy flat-lines or goes into loss on a pair for...