Recent content by alchemillia

Hi Trader333 Great comment back - thanks. My idea of a market in this case is the LSE as opposed to autotrader for cars. The LSE started as a building where traders could trade in some comfort for a fee. In this instance the market is a separate money making enterprise. Yes it was created to...

just looked through your statement and have a few observations. Trading is skewed heavily on the long side. Buying EURUSD while buying USDJPY will give you some hedging but 4 currencies versus USD at the same time and adding to positions will run your account to zero eventually. YOU HAVE A...

Sorry to be a smart ass!! What if everyone won in the markets? This is an oxymoron. A market by definition ensures that this is not possible. What if everyone in a casino won? The casino would go bust. It would exist only for a moment in time. Off course some crazy casino operator could keep...

Does anyone have any words of wisdom on how to stay in line with my rules no matter what? or is that the million dollar question? I am not sure if that question is answerable in a manner that can be fully appreciated by someone who is only trading 8 months. I will give my 2 drachmas worth...

Hello fat chance One interesting element to this and many trading systems is their correlation between markets. Ehen you mention flipping the data this is in some way what the market offers us allready. The particular system I posted is based on the GBPUSD. It is fair to say that as a very...

It's gotten too late to go into town now! I attach part of the excel sheet for the system described in my first post. The average long trade shows 52 pips profit and the average short trade 24. This is 13 and 6 times the spread (excluding slippage). This system (shown in my first post) is...

Trendie Thanks for your input. yes I do see the constructiveness of it and you have made very valid points. I have just read a thread from a forum where a strategy is being offered. I will not say which forum or which strategy but suffice to say it is one of the most read in that particular...

Hi. thanks for your replies. I agree with all that you have said. Hornblower - you are absolutely right. I have bought various ebooks, trading scam systems and programs and now understand that if they were so good why would anyone in their right mind want to sell them. In the end none of them...

I have not traded for over one year and devoted myself to developing strict trading strategies. I traded prior to this with little success and finally realised the importance of a complete, tested and robust strategy (as well as psychology and initial capital) It is this last item which I lack...

OK to answer any questions a perfect example has just occured on the GBPUSD. It is now 8:58 GMT and 30 mins ago the market dropped 60 pips in 20 mins. I was short earlier as per a range breakout. It moved up 4 pips from my stop. The ADX was moving up and the DMI+ was above 20. ( 15min chart) IF...

thanks peto they were major, major setbacks. What I mean by not being able to work out probabilities based on technical indicators is that I have found for myself that indicator buy/sell signals often form the basis for what I call high volatility fake outs (especially FX and index futures). I...

Hi there everyone this is my first post. I have traded full time for just over 2 years. I have never demo or paper traded. I feel that live trading is the only way to test strategies and methods. I make a living from trading. I do not use and technical indicators for my entry trades. I do use...