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The basics of my trading is very, very simple. It's built on two pillars: - Limit your losses and let your profits run. - Markets move at random and there is NO way you can predict the market's next move. And if anyone really found a way to predict the market by using TA, well congrats on...

Another assumption by an empty barrel... Sad, but nothing more than that.

How I trade is a different subject, though I did mention a tiny bit about it earlier on. I started this thread to open the eyes of those who have been blind for so long in the day trading business. You can decide for yourself to which group you want to belong to. Whatever decision you make...

This is brilliant :D !! Pointing out winners afterwards :D :D :D !!!

We can all have a good run in Vegas playing black or red at the roulette table in the Venetian Casino. Whatever works for you mate.

It is a shame that some people on this thread seem to be more focussed on arguing with eachother than discussing the subject. Besides that it is sad that some of the participants in this thread are making statements based on nothing else then assumptions, like: - "The thread opener appears...

Your statement is correct piezoe. I guess it was my mistake to think that you would come up with the solution yourself. Letting profits run e.g. when long means always leave the way up open. Don't close it off with a profit target. In other words you manage your exit with your stop loss. You let...

I agree with you Greg, why not spend $29 to see for yourself. The problem is however that the fun then realy starts. They make the sandbar very low to get you in. And after that short period they start the real selling. "to become a better trader I advice you to buy our course on mental...

What is G88's interest in purecrap anyways? Is he shareholder or what? Their website alone says enough. Just another sales organization lol!!

Hell yeah!!

Lmao:D !

I think your post was aimed at me Bison. Indeed I got scammed, but I'm not bitter about it. Actually it helped to open my eyes! Sounds a bit weird but maybe I should thank those who scammed me :D ! You offer one to one mentoring for "serious traders". Well that's great David! I'm doing just...

I tried rockwell trading: http://www.youtube.com/watch?v=JnWzBw7h1y0 The complete story is with the URL right underneath the vdo.

Spoken like a true salesman! "No, no it's not our product that is bad! It's the fact that you need to improve your skills, you need to become a better trader! Why don't you buy another one of our courses on DVD on how to improve your trading skills? It's on offer this month for only $499,-"...

You're welcome :D !

You could be right Smart:)! But those brilliant minds are certainly not with the educators on the internet that sell you courses on DVD for a couple of hundred dollars, charge thousands of dollars for personal coaching programs and hundreds of dollars for entrance to their crap trading support...

Take about 100 trades with a stop loss at 5 ticks and a take profit of 5 ticks. You might start out with a good run, but in the end statistics will catch up with you and you'll end up around a 50% winners and 50% losers. Probably a bit less winners since you might not get a fill at your profit...

Sure Truffy! I'm sorry to admit that I can't find words that would justify the value of your post. You win.

True, but TA isn't gonna be much of a help in improving that ratio.

This thread is about TA mate. If you want to trade on price action you don't need a chart with lines in it. A DOM-trader will do to see price action and volume. Nevertheless I personally think price action is very interesting and if you want to know more about it, start here...