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Before that happens you will first see the sun rising from the west. As a matter of fact, the current crisis has the potential of increasing the number of currencies in the world due to a probable break away of a few nations from the European Union. A one-world currency can only...

welcome to forex...

Good point...selection bias...it leads to a disaster if you try to trade these patterns on their own right. But using patterns in combinations and with other indicators you can remove the selection bias.

Good question with no easy answer. (1) What do you mean by "more profitable"? People have many different criteria for selecting from a basket of potentially profitable strategies. One criterion is the volatility of returns. In that case strategy A may be better than B, since B is more of a...

thumbs up!

Women do it in 9 months:)

I think he probably meant that the confidence of your system's prediction is very low to be called a prediction due to the uncertainty in prior probabilities. In the case of the Sun you have very high confidence due to the extremely large sample and the fact that the event "Sun will rise...

short EUR or short USD? By saying that profit targets are guaranteed they probably mean at the limit price or better.

Well, the OP claims his system tries to determine the direction of the market and does that correctly 60% of the time. If he is talking about a trend following system, stop and reverse style, then 60% is more than enough for a good profit. If he is talking about intraday high frequency trading...

You need a simultaneous transmisison of a parent and a child order. This can be done for example with "bracket orders". Take a look at the IB website for more details: http://www.interactivebrokers.com/en/trading/orders/bracket.php I think this covers what you want.

NinjaTrader C#

Look here: http://www.techsupportalert.com/best-free-screen-capture-utility.htm I like xnView. It does screen capture in many formats plus a lot more: http://www.techsupportalert.com/best-free-digital-image-viewer.htm Find best free software of all kinds here...

Interesting stuff Jerry, thanks for the info. Data mining is a fascinating field. Is the program you are using based on NN? Do you feed it with prices and values for several indicators or are you just looking for price action patterns? Intraday or daily data? How long of a price history do you...

I see what you mean now. I guess you are simply saying that traders like you with sophisticated non-linear algorithms developed in third-party software have little use for Easylanguage. It makes sense. Can I ask you which data mining application is that you are using?

All these books are great. Book 3 by author R. Vince is a bit hard to go through if you do not have a good math and finance background but it is excellent. The first two books by M. Harris are for entry to intermediate level price pattern traders as their title says. The more recent book has...

There is a gap a few days ago the market is probably trying to close. There is some resistance at the 2760 - 2800 range. Are you a position trader or an intraday trader? If you are a position trader then you are probably looking at the wrong chart. Short term divergences say nothing about...

No, the trader does not rule the market, volatility does. Try a ratio of 1:10 in this market and see if you can make any returns. Good returns can only be achieved, if at all, when the ratios are compatible with the relevant ATR in the trading timeframe chosen.

Watch the show here: http://www.cnbc.com/id/15840232?video=1028587531

Can you be more specific Jerry about this? Do you think there are security issues involved when the system is coded in the broker platform?

Tradestation may be just fine but I think the emphasis of a new trader should be more on risk and money management rather than on automating trading strategies. Strategy automation is IMO a task for experienced traders and at that level there are better and more efficient solutions. Many...