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Kinda late but, cire and kidPWR here i am with my remarks from 3-4 thread pages ago :) So, the HH-HL or LL-LH pattern in trading is a very reliable one, however some markets (like currencies that i trade) unfortunately don't have that kind of "keep on going, 5,6 swings/trend" kind of...

didn't anybody realize that this news is tradeable when 2 things happen: a) the entire week saw people anticipating bad payroll numbers b) bad payroll number come out, BUT unemployment rate (which is the key) is actually dropping 0.1%. fade ugly numbers. every month happened like this.

to quote someone: bin-fucking-go!

my post is also aimed at the original poster, kid.

cire, i respectfully have to argue that when you have a low win/loss ratio you have to deal with what you have more, meaning losses. Find a way to cut losses even shorter by scaling out for example, and don't mess with winners. once you try to let winners run past a certain high probability...

one screen, 8 markets, 16 charts (3 workspace screens) trade from charts (teletrader + fxsol) :cool:

Ever felt like being very tired and stuck in a rut when trading day by day? Ever felt like you're fed up and the markets don't make a difference no more and sometimes even fail to remember what trade you have put on what? Well, i see so many people in their first years struggling to get that...

they NEED very very very fresh people. that's why they don't ask you for resumes.

we all have our different daily schedules and you won't see a pattern there if you check traders that are profitable, unless they work at the same firm. however, that's only during work hours. the difference between the "now" and the "then", for me, is that i regard money in a completely...

look, the more complicated the edge is (ie technically heavy, too dependent on special market conditions) the faster it will wear out. if the edge is something extremely simple, related to basic supply and demand and your eye is trained to convert chart information into information about...

as with anything in life...

and last but not least, i consider money as being a value of myself, of my performance, and i feel it's not really of any practical use outside my needs and a few spoils, i consider giving away at least half of my wins on a regular basis. i am not kidding. i am for equality and since i have...

I would like to use two pieces of wisdom, one from the Far East and one from the pre-war US. These two should answer the thread's topic. --If in achieving something, there is a struggle, then the battle is lost from the start-- (some chinese saying) --We are reaching for the stars, and...

Basically, when one starts out he/she should have a step-by-step approach: -Beat the Market -Beat the Spread/Commision package -Beat your personal finance issues :) This should be the order, and all aspects of trading should fall in one or the other phase. It's like when you learn to...

Thanks for the replies. You are also right. Sometimes too much theory ruins everything.

it's nothing complicated, rather very simple. however, my method is not the one that i can call TRUTH because one day it might not work anymore. BUT, the phases described above are TRUE as they prove effective anytime you want to start over with a new approach.

The truth and what's RIGHT is what works for each and everyone of us. When I say "The RIGHT thing is..." I am entitled to call it the right thing because for me it is the truth. I share my truth.

I am very disappointed with 90% of the educational material on the market right now. It took me years to understand this and it's not a pleasant feeling because i realize that the proper knowledge could have been passed to me in a few months and i could have spent the next years perfecting...

you can really pimp this ride...

this is how you calculate what car you are going to buy. if you are an individual, and not a company, the care should be bought with cash. now, let's say your net worth is say $400k. Since a car is not an asset, but a liability you know from the start you're going to lose money for...