Recent content by J'ai

After many attempts I have managed to redevelop the CCI indicator to work specifically on the Foreign Exchange Market. To be honest it is not really the same indicator, although by outwardly appearances they do look very similar and admittedly it does still employ Lamberts mathematical...

Tar, did you read this blog??? http://theessentialsoftrading.com/Blog/index.php/2013/01/08/starting-to-detail-forex-profitability-data/[/url] It clearly states that broker reported figures of active accounts was between 26% to 34% from 2009 to 2012. While the authors figures where even higher...

Sigma-D & Foker I've lump your answer into one so as not to repeat myself, Tars on me straight away for repeating stuff. I believe the problem lies in how most traders consider what trading is. They assume, wrongly in my opinion, that trade analysis and trading are the same thing. Of course...

Sorry to disagree Xy, and it's not like me to disagree with anyone ;). I wouldn't say I was a loser I've been trading since 1999 and have bought a new home and drive a BMW, go on two holidays every year, blah, blah, blah :yawn:, I know you've heard it all before. I win by trading CCI divergence...

Stop and think just for a second. If arbitrage or any other trading practice was that successful then every Bank, Hedge Fund, Mutual Fund, and Prop Trading Firm to name a few would be employing it solely as there only trading practice. They would not however, be paying millions every year to top...

So AB, just one question to your message as it may make the rest of my response mute. Are you telling me that not only do you never lose, you are also 100% certain that any trade you place will become a winning trade. Should you on the other hand believe you are not 100% positive, that the...

Hi Mouse, risk and probability are the concepts that describes the outcome and the chances of an occurrence happening during a gamble. Fred

It's no wonder I'm repeating myself as it seems you are not reading my messages correctly. I informed you in my last reply that there could never be any definitive proof of a 25% figure or any other figure anyone claims as the market is unregulated and unless a majority of Forex brokers give...

Hi Tar, No it's gambling. The moment you or those on the opposite side of your trade have given over all control of the outcome leaving the result solely to chance, then that is the definition of "taking a gamble". It doesn't have to be compoundable. If you really have an edge you simply...

There have been many studies into this area, that prove conclusively that the figure is nearer 25% to 30%. In fact some studies show a massive 41% of traders are regularly successful. http://www.learntotradethemarket.com/forex-articles/what-are-your-chances-of-success-as-a-forex-trader...

Tim wrote

Hi Tar, I trade hourly diversion with CCI. I also employ hourly correlation to increase my profits. Fred

Hi F, I understand what your saying mate, yes I agree you can control your future not by gambling but by reducing the risk to yourself. I think most people confuse risk and probability with gambling but they are different. As you said "you risk your life walking onto a busy road", however you...

I agree with you Jon it is gambling and the art, if there is such a thing, is about trying to limit your losses and improve your winnings.

Hi Tim, Sorry you have not read what I wrote. I said that placing a wager or trade in which you have zero control of the outcome regardless of any preparation done beforehand is a gamble. I must point out Tim that Casinos and Betting shops do not gamble they simply take a cut of the winnings...