Recent content by thelazytrader

Having an ego in trading is bad news. Confidence in the strategy is a must - and the mechanical execution of it...but from what I've seen from working on a variety of tradingfloors...the loudest person in the room is often the weakest in their own trading ability.

Has anyone had long-term success with Fap Turbo?

Hmmm, I have to say that the cheaper the EA the more likely the product creator is simply just looking to churn their client's accounts...am happy to be proved wrong however

Re: Resistances and Supports True, but if you can stack support levels they can give a very high probability trade. For example, if there's a confluence of weekly, daily and a historical horizontal support level all coinciding at the same price, it's a strong barrier and can be a great trade...

Sorry, I don't know a broker that does that either. I would say though that if you're completely new to Forex, trading from a tick chart is probably a bad idea!

If you find Forex addictive, you're gambling. If you find yourself taking trades for the thrill of it, you're on the slippery slope to going bust.

Bertee, If you don't have time to trade in the day, then look at trading end of day forex to start. Spend some time looking for higher probability bounce trades by loooking for strong support / resistance levels which coincide with other factors such as fib levels, big numbers (such as parity)...

I do use EW and I don't. I use it inadvertently because I watch for cycles in the market which by definition are covered by EW theory, however I don't find that I need to follow the theory in order to have a profitable strategy.

I trade end of day exclusively and will trade up to maybe 6 or 7 times a month. The reason I trade so infrequently is because I have very particular rules and I'll stalk trades for days, weeks or months before they happen. Although the frequency is very low, the trades tend to be anything from...

I hear (although I don't know first hand) that it's still a valid system, but only if the rules are followed precisely. The thing about the Turtles system is that the returns (when they come in) are very large, but the drawdown in between wins can be huge too. I don't trade it because I think...

Great advice, I'd also add: 7) Be consistent and stick to your rules. If you introduce a degree of randomness to your trading, you'll get random results. Know your entry & exit criteria in advance, and repeat it mechanically.

Fair point- I think in the case of traders who trade on their own at home it's perhaps the need for validation. There are some very good trading books out there which have inspired me no end (ie. Raghee Horner, Wayne McDonnell) but you can be sure they even though they give a fair amount of...

Hi Everyone, I have already written a few posts, blurbs and rants, but I thought I would formally introduce myself as given the nod by Sharky. My name’s Rob aka ‘The Lazy Trader’ and I trade currencies, commodities and indices on the daily chart only. I have been trading since 2008 and have...

Lol, how long is a piece of string? It depends on the size of your trading account and how consistent you are. Consistency is the key. However, even if you are regularly, say, making 6% per month but have a $1000 account then it's not worth your while unless you can verify your results and get...

Agreed. There are a lot of scammers out there. If you are looking for a mentor then demand to see their results. Anyone who refuses or says "they don't have to" or "why should they" is most likely a fraud. Often is the case of those promising the most riches are most likely to be a fraud.