sergso

Lately I seem not to have any success with traditional candlestick patterns.

I recently subscribed to the website premium analysis and it appears that this indicator has good predictive capacity given that one understands it. I still have an issue with using de-trended data or not. I think this is a very important problem in technical analysis. P.S. I just checked and the indicator call was good as it anticipated the correction that lasted through May.

Good story, probably one of thousands. The PhD fell victim of data-mining bias. His systems were spurious by virtue of the fact that he reused the data millions of times until he got something he liked. But the market did not like what he liked. This blog explains it all.

I want to assure you that I have more knowledge than you on this subject, far more than you can imagine, have or will ever have. I have read some of the posts and you sound like a beginner in this who tries to prove himself. No problem, forums are full of this but you won't convince me that you ever made money in forex chasing pips consistently. You are welcome to post an audited record if you wish. But talk is cheap. Costs nothing.

Anyone who trades forex or other contracts like commodities for a few ticks will lose it all at the end. There are no profitable systems for this kind of thing because the MMs call the shots. Anyone who will try to teach you to do that is simply trying to recover his losses.

You guys sound like experts in forex. What sense do you make of this system[/url] by looking at the entries/exits? I was always afraid of Forex to risk much but if this is true I may try it but before I would like to get some opinions.

Well said. I agree with that.But it is not even a question about harder or easier job. Some markets do not reward scalpers. Example.

Like Soros for example

When the guy how owns the deli across the street tells me that he bought stocks I will know the top is in place. He is still bearish...

OTC stock trader maybe?

If you have a way of navigating through the maze of information then free is good.

Some very good points but learning to trade in the markets is essential imo.

There is no way to win scalping forex because you are trading against the broker in most cases or against someone with ability to move the market. Maybe is better to consider short-term trading with wide stops outside of daily volatility range. This is a good tool for measuring volatility: Forex Volatility | Forex Volatility Calculator | Volatility Calculation

What are the prizes?

But automated robots do not have a mind to transform:)

Good post. Thanks........

I found this and I think it is intriguing. You have to try hard to become a consistent loser.

Bear market is around the corner. imo. Pls do not invest based on my opinion, do your own homework.

Good advice. Only trend makes money.

CAGR/Max DD This is how mutual funds are rated.

"This theory is that a small initial condition such as a butterfly flapping its wings could cause a large difference such as a change of weather on the other side of the world. " Of course it cannot. It is used only as an exaggeration because of the butterfly looking graph in chaos theory. Chaos theory cannot be applied to forex because price moves in brownian motion which is stochastic, not chaotic. Most chaotic systems are deterministic. I guess some may use Chaos Theory as a buzzword of some kind. Keep in mind that chaos in the traditional sense has to do with numerical solutions that blow up because of accumulated errors in calculations. Nothing of that relates to the real world.

Good article. Thanks!

I started with TA like mostly everyone else. Then I tried candlesticks which were a total failure for me in any way I tried them Maybe I was not good enough for them. Then I tried to trade news and fundamentals and I just was breaking even. After about 4 years of frustration I started studying price action. I came across blogs like Price Action Lab blog and I also use the Price Action Lab software as a scanner and together with Strategy Quant. to develop systems. I trade high cap stocks, futures and forex. I am about to turning profitable using these methods soon I hope.

Most brokers internalize orders (take the other side) and want to limit their risk of adverse moves.

This is true for every business. What ia a relevant timeframe do you think? I think about 2 years should be enough with full-time trading.