fxtrader12

On fx forums one can get criticized for giving good ideas on trading, and many entries are talking pure BS. Maybe you shouldn't get discouraged by that, accept that as normal and join the party. Suggest, don't reply to attacker, he has no right to do attacking, neither the right to tell you what you should present as fx material, he is just a naughty punk and not worth to reply to. So, if someone reject you for innocent and good entries, simply don't reply

Forward testing, good idea.

[....] Never forget that we are trading traders. If it were math, then 2 + 2 would always = 4 and that just doesn't happen in the market. Finally, on the 11th try one of the signalling services arrived en plus. The record is: +60; -60; -60; +30; +67; -67; -43; +56; -51; +53; +59; (total +44) Perhaps trading math is: good + bad = futile (?) or good + good = wait a little longer (?)

Asking for extensive fx proofs of prior performance looks like an invasion of privacy. Some individuals never discuss personal finances with strangers. I'm pretty satisfied with Wshahan affirmation of 3.5% growth and don't need any more proof. Looking forward to learning more on new elements of technical analysis.

I don't mind suggesting good returns on investments to adolescents.

[...] Please continue posting whatever you have [....] Yes, post whatever you like, don't limit yourself by parameters suggested by some forum participants. I like to listen to any ideas on trading, even those that are difficult to justify on terms of holy grails or standard technical analysis. Good intentions to help others score merit in heaven. Enclose image of "fx horse".

Both RSI and MA's are valuable as momentum indicators. Oversold and overbought levels concept is working very well, and can be used as signals. Maybe try to analyse the issue at low settings.

I fully agree. "Patience" is different than "price action" as method of trading and can be more effective. Recently one of the signals service based on "price action" gave these results: +60p; -60p; -60p; +30p; Don't know the future series, but above short series one ended negative.

Today's (4 April 2012) spindle - 55 pips. AUDUSD 2.00 am WA time, news. Enter early at own risk.

Re: [...] The underlying argument for this method is that price activity tends to be explosive at major psychological levels and scalping opportunities can be seen when risk to reward ratios are inverted on short term time frames. Adding to the validity of these trade examples is the relationship of price to its moving average, as the buy entry occurs when prices are above the 100 and 200 period EMAs, while the reverse is seen prior to the sell entry [...] ...

Today's (22 March 2012) spindle - 70 pips. AUDUSD 10.30 WA time, news. Enter early at own risk.

[...] So do we take your word for it or that of some famous traders like LBR, L. Williams, Michael Harris and so many others? [....] What is your problem?

Won't be? Why not? Is this forum accepting only 50% methods as true and any better than that as fake?

[...] You can safely assume as fact that some people trade better with indicators and some trade better with watching pure price action, while yet others trade better with a smattering of both. Opinions one way or the other don't change that one iota so don't ever accept other trader's "opinions" to the contrary. Opinions are pretty much like derrieres (your posterior heh, heh) and pretty much everybody has one. Some traders may think they have "graduated" beyond the need for indicators and that is fine as there is plenty of room in the markets for all types. There is no such thing as a pure best method of trading no matter how much some may wish to protest to the contrary. [...] Yes, I agree Some trade with indicators and win Some trade without indicators and win Some trade with indicators and lose Some trade without indicators and lose I don't see the problem at all. I rather think that traders criticising indicators, can't make a good use of them - hey don't experiment with different settngs and have no patience in finding their true help. I visited seminar yesterday that explained elliot wave and some another obscure oscillator giving 100% winning trades at all times. (????)

Fresh News candle today at 17.30 pm wa time (4.30 am US) News hour = manufacturing production news GBPUSD 15m charts Enter market order in direction of spike. The method is fresh, probably needs following for some time, looks good for a time being.

Experiment with Stoch ( x, x ,x ) till you get it right. Check with historical charts. Good luck.

Mastering 10 pips @ day is all what is needed to survive on fx. No need for money management strategy. Only good entry and exit to get that 10 pips. Still OK if that day you get +10; -10; +10 ( = ? ) 3 entries intraday can also give you +10; +10; +10 ( = ? )

Send you an idea how to switch from sell order to buy order before 100 pips long spindle.(AUDUSD 15m today)

The term "price action" is meaningless. Price performs action of moving up or down. The resistance/ support lines don't derive from price movements for they can be drawn anywhere with potential of price crossing it, avoiding it or oscillating around it. There is no inner intelligence in price patterns. Some intelligence can be drawn from from indicator's patterns (i.e. ema's crossing etc). Among some reasons why price avoids resistance line, would bounce from it or break thru it are algorithms used in computations of averages (ema's) and volumes (limit and market orders).

There is shortcut to the 2% or what not called "money management". Show positive pip count at the end of the month is what matters only and only.

lol, I'm completely unconvinced that you have an edge with price action. No edge with candlesticks patterns too. On many occasions thecandle patterns fail to deliver winning trades. Some pin bars are fakeys, one rather could filter that with indicator/s. The main issue with price action lobbists is that they never finished studying what indicators work well.

lol, Before you'd start calculating money find the strategy for winning that money! The task is difficult, the learning curve may take 4 years plus. But trade live, it's for better. Demo trading is frustrating, rather try to earn money straight away. There is 2 main directions in fx methodology - indicators and price action. The late is less reliable and to be successful with it trader has to use indicators anyway. Trading without indicators is a form of creeping not to mention the drawback of getting from it trade setouts for the middle of night entries. There is no edge there, lots of analysis (taking lots of time), and endless task of drawing of lines. At the moment of entry in both methods one faces choice of trading up or down - neither method gives extraordinary edge over the other. Surely there is no edge in price action methodologies and definitely waste much time on analysis. PC does the analysis for you via indicators. Maybe try to save some of your time by using indicators and trading live straight away?

in 24h market all sessions are important