Search results

That's about what I figured. Most people use stochastics, which is why I asked. I have not heard of too many people using Williams %R. Your method is about the same method I trade with.

Out of curiosity, why do you use Williams %R as opposed to stochastics, does it give you a more accurate reading?

Good work. Is the date and time on your chart when you entered the trade or exited the trade? How long do you usually stay in? What you've accomplished is everyone's goal. I think so many people say that these kind of returns are impossible or extremely difficult are not factoring in the...

I am just trading a FOREX demo right now, but it helps me set my stop loss levels (I hold for 1-2 weeks, just like you). I initially had set my stop way too close, and I got stopped out too many times on what would have been good trades. I had initially set my stop-loss to around 50 pips...

Just want to comment on the "Money has no value until you spend it" quote. I disagree on one point, and that is that money does indeed have value if unspent in a least on thing: security. If I have a million dollars in the bank, I know I don't have to worry about an unexpected car repair or...

LOL

For all you Forex swing traders (holding for several days to a couple weeks), what do you set your typical stops at? Right now, I'm looking at the trades I've been making (on the demo, of course) and it looks like I'm going to need a buffer of 150 pips or so. Is this similar to what you other...

Maybe in the beginning, but no one is going to be happy breaking even for long since the whole idea is to make money. Even more, if one can't make a living off trading, then they have to have a hold a 'real' job, as well.

This would be a better poll if it ask who has made at least, say, $50,000 (or the equivalent) in the past year. In other words, who actually makes a living doing this.

What method are you using to trade?

You would use a 50:1 margin for your account? I am starting with $3,000 and was thinking I would only risk 50K - 1000K off that, so really, only a max of 1/3 total leverage available. I think. I'm actually having a hard time figuring out what the safest leverage I should use is. I am going...

You could try to explain it here.

I interpreted your coin-flip theory to mean that the markets are totally random- meaning each tick is completely random- its result (whether it is an uptick or a downtick) is not at all influenced by previous ticks. If that is what your metaphor was- then I think you're are wrong. If you meant...

Terrible analogy. The outcome of each coin toss is (for the most part) independent of previous results. People very often enter the market based on what has already happened- so it *is* very often dependent upon previous outcomes.

How much money do you have to trade with?

I'm curious as to what you made your Keltner Channel settings to be. I think I have a different setup in my software than you. Mine (forex.com) doesn't let you set standard deviation. It has the following settings: Keltner Channels: value is set to 10 Zoom: value 1 is set to 30, value 2...

Sure. Osama is hiding in a cave somewhere and America is about to convert to a Muslin Theocracy. Osama won.

Are you trading from the United States?

Where are you trading from?

Is there anyone here who trades at night? I don't mean after-hours trading (after the market is closed), but if you're in the U.S., do you trade currencies or the foreign markets at night time? The reason I'm asking is that I want to trade, but I need my regular job, too (to pay the bills)...