Recent content by mrsoul

I live on Long Island- Rockville Centre- Nassau County. I trade Forex- been trading for about 5 years. I develop systems. I used to trade S&P Futures many years ago. I trade indicator based systems- If you'd like to correspond about developing systems- feel free. Michael

How do you use ATR to make money? I have looked at the indicator up, down, and sideways and all I can find is an average true range. What's your idea?

Tim, If you think that a knowledge of "Trading Psychology" is going to pay your mortgage, you are sadly mistaken. ALL the "Trading Psychology" knowledge in the world will NOT make you a dime UNLESS you have A SYSTEM THAT WORKS. Converseley, if you have a trading system that WORKS it is VERY...

Dougals's book is not worth one penny! It is a COMPLETE rip-off!!! I read it- It is rehashed garbage and NOTHING in that book will make you a dollar. Douglas sells books because he can't make money trading. "Those who tell don't know and those who know don't tell!!!"

I see it now. Thanks Ibranjord. Good luck!

There all about Fibs. Does the site cover any other indicators?

Unfortunately, flipping coins does not work. I wish it was that easy. In your example it is, statistically, twice as likely that your SL gets hit than your TP. Therefore, there is no statistical edge to setting r/r of 1:2, 1:3, etc. Better off spending your time on a set-up that works.

Thanks

Can someone tell me how to insert a custom indicator on MT4? Thanks

Because I have been short the euro since 147.00 and I have been shorting rallies. I have a profit target of 125.00 So far, I am up six figures and I am going for 7 figures.

Boom goes the dynamite!!!

Perhaps the recovery isn't that strong but it is stronger than Europe's recovery and that's what matters.

Did you short the Dow yesterday like you said?

Minor support at 137.47. IF it breaks that there is no hope for the longs.

BANG goes the euro!!! Look for shorting opportunities on rallies to resistance levels.