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You might find this interesting:- http://au.pfinance.yahoo.com/b/kathy-lien/24/the-warren-buffett-way-of-trading

Its the same Warren Buffet who lost close to $1 billion on the Forex market in 2005 because he bet the dollar would drop. His investement style and holding periods no matter how well they work is just suitable for most. He is the ultimate macro trader and has enough dole back up his views...

It's more probable that all major currencies (except NZD) are right on the verge of a very strong long term move against the dollar and if my analysis is correct I reckon this should play out by end of next week. I could be wrong though but I would be interested in knowing your reasons for...

Kudos for that well thought article. It's like a habitual thief who knows he is doing wrong but goes ahead fully concious knowing he is doing wrong. An alcoholic who sips a drink conciously knowing his liver is on the brink of being toast. A trader who conciuosly makes a mistake of not...

Fat Finger That's what normally happens when prices move too far away from the TRUE supply & demand situation. In this case - Cocoa there is plenty of supply available, the move up is simply fear of an ARTIFICIAL tight supply situation because of political instability in Ivory Coast...

Platinum is the new kid on the bloc - undervalued & my dope says it will probably outperform all metals in 2011

It's easier if you pick one time frame unless you know well how to use mutiple time frames and it's an inherent part of your strategy. Mutiple approach may not add any value to your analysis and decesions. It will just add confusion. e.g. a 2 min down trend might just be a 5min uptrend...

Repeat - Its a bull market

You may want to re-consider that position.

Getting back to the real world the question should be - If that chart is a daily chart - comparing 2 good traders - if at the beginning of the trend a position trader took a position, added positions and is still long and a day trader started same time but trading every day in and out trying...

buy the dip

There are several strategies there - 1. Long on the sell off 2nd day lows with a wide stop but bigger profit pontential 2. Long at the close of the candle of 3rd day sell off with a tighter stop 3. Long on the highs of the candle of 3rd day sell off with a tighter stop but smaller...

On the contrary you have just confirmed and agreed with my post. If you automate what and which characteristics of an automated system that are similar to a casino? The issue is not frequency rate.

He says he is rebuilding his battered account. What is it he is doing that is different from before? He first has to rebuild his confidence and the only way to do that is over a series of trades his equity curve should be going up - there is no other way. Otherwise its all in vain, he will...

Thats what most amateurs don't understand and they never will and they don't comprehend the mathematics behind gambling games. Why does a casino always make a profit and most players lose?

The supply situation hasn't changed.

Why not? Do you know whats going to happen next?

Buying and adding positions on each dip for the last six months and holding for big swing to play out has made more money than predicting a crash then shorting the small intermediate sell offs.

Roll over to May - infact at some time today both March & May were trading at exact the same price.

The gambling part of trading is in each individaul trade - you put on trade, you risk a certain amount, you have no certainity that trade will go in your favour, you don't know you will make money or lose it. The wins or losses can be a random distribution. Those individual trade is like buying...