Recent content by PIPmaker

or24990, Backtesting is prone to be erroneous, especially when downloading historical data from a provider different to your actual broker. While MT4 is one of the best platforms, the simulated distribution of price during any given bar is the number one reason to fail most tests compared...

Good one, Ex. Maybe many traders would start making money by putting on a blindfold and simply set stop/profit 1:2 or just do the opposite of what they feel.. Also, looking at a 30Min. chart does not change the direction of monthly or weekly trends.

* There is a difference*between "knowing" and "doing", and you can be proud of yourself making*that choice*NOT to trade real money until you are "fit". Consider this: My 4 year old sun, Alexander, comes into my office (at open door times), looks at the screen and says "oh, up and down". Yep...

Thread Reset This thread was started to share the success of 1000+ pips captured during previous week (44) by applying the principles of one strategy, "Alligator in Action". The strategy uses a modified "Alligator" as indicator (the one named by Bill Williams) and the appropriate use, which...

Everything's moving Hello ALL, I'll follow trader_dante's advise, will split the thread to keep you posted over the next few weeks. Reason for posting here in the first place was the title: "Making Money Trading. BTW; I think there was a question, whether or not "price action based trading"...

You're welcome to pay $37, $97 or any other amount :) It's educational. A good math book may put you in the position to get a nobel prize; would you pay $25,000 for the book? I like to share and to teach and this book is different. I'm aware of more than 300 "books", reports, revamped...

No need to be sorry, you have a fair point. However, I'm in slight disagreement about unrealistic expectations and will state the opposite (especially for new traders): There should be no reason to get stopped out 50% of the time or keep guessing what the market could do or worse, that the...

Ta! For me: TA only! Why? Make an assumption of another assumed assumption. Later on half of the people will say "the market was crazy". TA includes the results of assumptions and more important: it's actual actions! Interestingly, many traders use TA to make even more assumptions instead of...

Hey guys, I've been watching this thread since 2 days and decided to add some juice: Last week was actually awesome with closing the GBP (+690) and priors week EUR (+355), totalling +1045 pips from 6 trades on the H-4. I really would like to show you how to do it step-by-step, but then I'll...