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I would say euro, yen or Aus dollar. They are my favourites to trade. Cable is too fast and furious for a beginner and Cad can be unpredictable and your stops can get screwed. Aus dollar is a good one in my opinion, but maybe try watching either the euro or the Aus and also the yen. The yen is a...

Ridiculous. Of course it works - but obviously you have to be a believer in technical analysis. The whole point of it is that it helps you spot trends in their early stages of development. I use TA for swing and position trading and it works fine for me - but I don't clutter charts with...

Some good replies in my opinion. When I read the original thread, the two things that immediately struck me were 1) you should trade only one market and 2) yeah, your stops are way too tight. Learn one market and cut the size to allow for a proper stop. Then reading through all the replies it...

I'm more of a longer timeframe trader, but what you want to do is get two timeframes. Look like in your case maybe a 5 min and a 30 min. Use the longer timeframe, i.e. the 30 min as your anchor/reference chart to determine the current 'longterm' trend you're looking at. MACD is theoretically a...

Thanks for the reply. Can anyone tell me where I find the folders pls. Thanks

Hi guys, hope all are well. I need to change a pc before it dies. How do I backup my Outlook 2003 pls? I want to keep all the emails and contact. Where do I go? Thanks

I find that it's best to describe it in terms of probabilities. Explain that yeah, it is a form of gambling, but educated gambling and only playing the higher probability plays. I found that when I explained it was all about probabilities, people seem to accept it more. Good luck. Anyway...

Classic, great reply and obviously spot on with the wife and kids!

Not true at all, it is highly significant. The most widely watched and used period on all timeframes.

Exactly. Well said.

Just seen you've been a member on ET for sometime, so clearly you're not new to the trading environment. Excuse my previous post if it looked like I was talking to a new trader.....but the book recommendations still stand.

Chuck, as a couple of other people have said, some really good books mention. Marcel Links High Probability Trading is worth reading a couple of times. In a very simple format it explains how to approach the market. I would also recommend Mastering the Trade by John Carter. His website...

Long term no probs I reckon, it's going back up high enough to make your trade good.

I'm not asking anyone to write the thing, it was a fairly simply question and maybe someone would come up with something that I hadn't immediately thought of. If for example you purely traded s&p, then in terms of a training program you're not going to try and explain fixed income yield spreads...

My gut feeling is a better than expected ZEW and lower than expected US PPI and we should be in for a good rally, but I'm still sitting on the sidelines with this pair for now.

Well, good points, but you you can have a fair stab at what you think the criteria is for a high potential trader. You take on 10 for example and if 4 make it, all's well. Then you take on the next 10 and so on and so forth. Also, it's our money they're burning so what do they have to lose?!

Yeah, German ZEW should let you know one way or the other!! Good luck, I'm avoiding that pair like the plague for now.

I'm not reinventing the wheel. My company is in the process of huge expansion and we are opening many new offices around the globe recruiting, training and backing high calibre potential traders. Rather than pay for all recruits to take external courses (as we currently do) it makes more sense...

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Hey all ET users, I have been asked by a company to start designing and writing a comprehensive training program for futures traders. This will not be like a 2 day course or similar, it's a full on training program, start to finish including mentoring etc. I have over 18 years experience in...