Recent content by wtrader

trading without stops is a recipe for disaster

cmc also nail you on spread, if you trade fx you will notice on the initial order say gbpusd 4 pips taken when you enter a trade, what they dont tell you is they take another 2 pips at exit. i noticed this and challenged them they told me its rubbish. yet i did some testing at out of trading...

you missing the point. its not about learning off others. it s ateam of pro traders trading and chatting throughout the day.. im not interested in the usual online chatroom rubbish. its about creating friendship with fellow traders on the same level and maybe even gaining an edge as a team.

i use this setup, i have parallels running xp . the system charts faster than other laptops i have used running just xp. the best part is you can create snapshots and if you lose your xp machine you simple revert to a working snapshot in a couple of minutes. i love this setup.. try it

many replies to this thread speak of personal attributes but really, although you need to be disciplined this alone is not the edge. to really understand the edge you need to look at something that uses an edge to make money. casino's have an edge because they have layed down the rules that over...

absolutely. i look forward to your update on this.

please.... , who do you think you trying to convince. over 300 trades in a row without a loss. so mr GURU with results that exceed even the sharpest institutional trader. if you can prove those statistics then ill publically admit i am wrong and i have indeed much learning to do.

100% win rate.. where have i heard that before.... if that were true you are above every pro trader\institutional out there and in a few years you will be able to take over the world :whistling

yes it is true many cannot get the pitchfork to work for them, i guess it is a matter of choice. roger babson made in todays terms 12 billion on the markets using just median lines. tim morge during his day in the banks held positions up to 50 billion using median lines. he still uses them...

one can also use the andrews pitchfork which is legendry in its accuracy

this is a very common problem and you need to identify another setup that can bring in the money while the markets change to another cycle that would work for the other system. the system you are using sounds like a trend system and this is typical of that type of system. i would recommend keep...

by using 1 to 3 high probability setups only you wont overtrade. overtrading comes from forcing setups and/or not really having defined setups. to gain the edge your setups should have at least a 50% win ratio and you shoul go even further to filter this by only taking trades with a good...

trailing stops are generally a bad way of trading, the best way to trail your stop is by using price swings to lock in profit where trailing stop would take you out and you would lose the runner

guys lets not drive this poor fella to confusion. locking in profit isnt rocket science and there are a number of simple methods to do so but it all depends on your time in the market.

hi one of my frustrations is finding a group of traders thats making money consistently to build a friendship with so that during the day i can communicate and share ideas with. basically a virtual trading room. i am sick and tired of chat rooms filled with newbies and ego heads. so if you are...