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Truer words were never spoken my friend :) Did you notice that threads like this one ALWAYS attract people ready and eager to tell you otherwise, and feed you non-stop bullshit/lies/propaganda/disformation by the truckload? http://www.youtube.com/watch?v=RrwbgdtbdXE

As expected, the Australian dollar touched the now resistance line but the price was quickly and immediately rejected, allowing me to initiate a short position at 0.8905 (over 50 pip profit so far and stop has been moved to break-even).

Let's just say you have a LOT to learn. Again, you are totally clueless. You will SILL lose in the long run even if your risk-reward is 1000 to 1, if you trade randomly, because the spread/commissions will kill you either way, slowly but surely. It's like saying that you can make money in...

Here is the percentage of winning/losing traders for various well-known Forex brokers, per quarter. As you can see, each quarter 75% of traders are losers, on average, OANDA being the only exception (50% are losers), for reasons I cannot explain.

Here we have an interesting situation on the AUD/USD (15 min). A breakdown is clearly already in progress and if the price touches the resistance line and bounces back I will initiate a short trade.

Oh that? No, these are simple chart-pattern based trades that I also like to place on the sideline, while waiting for signals from my purely mechanical systems. But make no mistake, the way I draw these support and resistance lines and then later pull the trigger may seem subjective at...

What models Maverick?

Stopped at 1.8270 (30 pip loss). Possible short re-entry later if price goes back to original entry point. Never argue with the market.

Short at 1.8240 Let's go GBP/AUD :cool:

uh-uh, GBP/AUD is going down, or at least it seems that way...

This is the 15 min chart. Hard to say which way it will break, even though the downside is the logical path with this type of configuration...

Again, no. An indicator cannot make you lose. A signal cannot make you lose. An alert cannot make you lose. Traders lose because they play a "rigged" game where the house (here the broker) always wins in the long run, like in a casino. The only way to win in the long run is to...

"IT would be nice...", sorry for the typo.

Hi Stocks4life: I would be nice if you could also post the profit/loss number (in percentage or dollar value) after each completed trade.

Most traders lose in the long run not because "they trade worse than random" like you said, but because trading in itself is a game with a negative mathematical expectancy to begin with. Try this: make 1000 random trades in the Forex market, let's say the EUR/USD with a 3 pip spread. To make...

From your article : "...if tax rates reached 100% (the far right of the curve), then all people would choose not to work because everything they earned would go to the government. " Ever heard of slavery?

Sure, but here are some headlines you will NEVER see on freaking controlled media: "95% of day traders blew up their trading account during the last quarter" Or ... "99% of all traders get killed in the market last year, stay tuned for our shocking and eye-opening documentary..." So...

Well, just look a the video in your spare time, you simply cannot deny the facts, unless you want to bury your head in the sand and pretend that this evil technology does not exist. http://www.youtube.com/watch?v=w9ZAc8KWhlk My apologies to the original poster for this slightly off-topic...

Good question. It seems we are getting there, slowly but surely...

Again, you are free to get your information from any source you like, I prefer to get the REAL facts from the only place left that is too big for them to control, as least for now: the Internet.