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and lose money you cannot make money with head spinning YOU ARE DAMN RIGHT

yes i agree but i find holding overnight positions very stressful:i used to hold large stock future positions for 3 months or more;that time i was sure about the trend.You have to be sure about the trend and then you have to wait for long periods without a position.I used to wait sometimes for...

so you belong to the 5 th type of trader.....Brooks would think differently OF COURSE IF YOU ARE TRADING 4H ,5 min would be noise, but i am trading 5 min and many traders do trade 5 min

the two boxes marked in the chart-yellow and red-show two 'types' of market conditions:how to trade either or both?

why [most] systems fail? it is because the market keeps on giving buy and signals one after the other. Which signal to take? The one which is most likely?As Brooks and many others say CONSIDER THE CONTEXT? This is what confused me for a decade and confusion appears, to the the prime by product...

why [most] systems fail? it is because the market keeps on giving buy and signals one after the other. Which signal to take? The one which is most likely?As Brooks and many others say CONSIDER THE CONTEXT? This is what confused me for a decade and confusion appears, to the the prime by product...

i agree but but if you get a good broker the fact that it is the most liquid market helps..it does follow technicals but because it is relative strength market, you need to trade really well

trading levels do not make any sense to me....it is momentum as it approaches a level and if momentum is what matters, why not only see only momentum, which is weakening or not and why bother with any kind of levels

no i was concentrating on Brook's book for ten years....i still keep coming back to him.....the rest are worse

IT TAKES HARD WORK TO BE A TRADER..... it takes perseverance and you will succeed i have succeeded in what my objective was....i never believed trading was system based...it is reading the market.....this reading takes years maybe decade of experience watch this space from monday

my thinking for ten years...yes ten years.... is not about systems, risk reward... not probability.... the big boys do not throw dice and trade..... therefore my only objective is to understand how the market moves.....it has cost me in excess of 100000 usd in ten years.....my goal is not the...

not necessarily....because someone who takes the other side of your transaction may be trading different time frame......you may be in 5 min the other person may be holding it for a year or an hour...

simple isn't it can i trade this system in my sleep?

there are traders that do exact opposite of what you do and still make money consistently:if not, when you sell, who the hell is going to buy.whoever is taking the other side of the transaction is not stupid, he just has different objectives and time of holding

you are right this will continue but it will take a little time...in forex you do get one way movement like stocks

nice place but i too like to discuss. once i am profitable i plan to shift to Bangkok. trading forex is illegal here in India. yes but you may get a cool off...understand that big boys do not want to build positions and risk the long week end so any movement will be due to positions being wound...

there is such a thing as too much momentum. and this what i said....i am finished with trading for the week. also let me clarify that i said momentum cycle...it is quite possible that the news is out so the momentum would die. but i am NOT looking at charts i am enjoying some whisky and the...

it can totally disrupt short time frame charts. which is why many traders ask the same question as you:why use short term time frame. the main reason traders use short time frames is because of less capital and less patience. and there are a huge no of traders who are not bothered with...

the point was the trade made money,went where it was supposed to go....trading is a game of confidence and if you continue to be right you will soon acquire the confidence to let your profits run. I NEVER trade on NFP day i have seen the market do weirdest of things.so i just was not confident...

yes that is one of the biggest advantages to trading: in golf you have to hit the next shot you have no choice but that is exactly the point:after you in you have to survive. analyse for show, manage for dough.