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NQScalper: You need to go back to school. I'm sorry...

and oh ..... call me a contrarian and let me live with my dumb ideas ... ok, big shot?

that is because you ALL think that Warrent Buffet is an investor when he buys low and sells high .... He is actually a speculator when he is doing that. He is investing in OTHER things like buying companies and making them profitable. That is another thing...

no. i don't think the lines are blurred. if you bought at 1.4 with the clear goal of selling it when it's higher in value, in your case at 1.6, you are a speculator. your initial goal was to profit from price dynamics. just because you hold it longer, doesn't make you an investor...

all is well, EXCEPT... investing and trading require two different mind sets. i don't understand what you mean by "a strategy that combines investing and trading". either you speculate the dynamics of price case in which you are a speculator (aka let's say "trader").. or you are an...

well, if it works well, just put more money on the line :D

i just hope he traded that 15min symmetrical triangle on EURJPY at about 11ish GMT time...

besides, every dog gets his day in the sun...

This is worth repeating... on my god, the best quote this year: When I was young, I was called a gambler. As the scale of my operations increased, I was known as a speculator. Now I am called a banker. But I have been doing the same thing all the time." -- Sir Ernest Cassel, banker to King...

the truth is... we aren't doing more than gambling. it's a more educated type of gambling, but it's still gambling...

an indicator is just about the most useless trend tool possible (and i mean, any indicator, SMA, DMI/ADX, MACD, you name it)... This is because a trend has variable probability phases and one has to take action only in certain portions of a trend in order to achieve a good probability...

after years of trading i still have to find out what exactly is so scientific about the market... so... just leave it ....

however, i am intrigued by the fact the OP says he applied it in the FX market. Care to xplain what the opening range is in a 24 hour market ?

hooold on. not so fast.... his idea may be a bit stupid in the sense that it's very random.. BUT going with the daily trend and using the average range as a marker for trades in the direction of the trend may not be a bad thing... it's a variation worth looking at... however, the...

i am reading your thread for the first time and i will not pick on your technicals. only one thing. a swing trader is not someone who holds a position for 2 days. a swing trader is someone who, judging the quality of swings, makes decisions about entries and risk. a swing trader can...

ty, zdreq

The market offers investors two things: it offers time. if offers good quotes. now, if the market didn't offer investors time or it didn't offer a good quote they get frustrated and recognizing those situations will be an 'edge'.

and you would know... because ..... ?

backtesting and forward testing is such a load of crap...

you trade it live, with money :)