- Search Forex Factory
- Xela replied Nov 18, 2015
One needs a reasonably high specification machine, of course ... but thousands of people were trading perfectly satisfactorily many years ago when computers like those we use today weren't even on the market. I think the speed of the internet ...
What qualities do you look for in a Trading Computer?
- Xela replied Nov 17, 2015
This little website from Lock Haven University might interest those who like Fibonacci: url
Why 61.8%?
- Xela replied Nov 17, 2015
Not every month, realistically, but it's possible to average that, over the year, just about, if you have enough of an edge and all the other skills you need. Very few people have, though. Edges of the kind you'd need, to do that, come only with ...
10% per month
- Xela replied Nov 17, 2015
No - sorry, but that's incorrect, Adrian.
Advice for all that are trying to scalp forex
- Xela replied Nov 17, 2015
You can trade spot forex through places like Interactive Brokers with spreads of 0.1 pips and commissions from $2 per round trip. I suspect that you're confusing brokers with counterparty market-makers, perhaps, when you refer to forex as having ...
Advice for all that are trying to scalp forex
- Xela replied Nov 17, 2015
It's more a "supportive observation" than an "idea" (and I have no interest in EA's or other automation), but personally I've found trading the breakouts of the mother bars (not the inside bars) in the direction of an already existing trend highly ...
Inside Bar EA
- Xela replied Nov 15, 2015
On the contrary: you're looking at well-informed answers from people who have been round the block many times and have considerably more experience than yourself. The problem here is that you're just disappointed at what everyone's explaining to ...
Amazing system
- Xela replied Nov 14, 2015
Exactly so. If he could reproduce those results for 10 days in a TopStepTrader Combine account, they'd fund him for a $150,000 live account from which he'd earn 80% of the ongoing profits just by setting up his EA and walking away. The reality, of ...
Amazing system
- Xela replied Nov 11, 2015
Yes - I agree with all of this. It remains true, though, that in practice scalping is usually a strategy undertaken by traders ill-equipped and ill-prepared to assess its risks and use position-sizing appropriate to them, so it's surely not what I'd ...
Why aren't traders who straddle the news successful?
- Xela replied Nov 11, 2015
I think this is a very good approach, in general. Of course, there can still be odd irritating occasions when - if you do that - there'll be a retracement which will just take you out of the trade for a break-even which would otherwise later have ...
Positions and Correlation
- Xela replied Nov 11, 2015
Instruments are always moving in the "proper" direction, because the market is always right. And it doesn't care what you think, or what trades you already have open. If you're going to start looking at what the "proper" direction is, for a pair to ...
Positions and Correlation
- Xela replied Nov 11, 2015
Because it's an extremely high-risk strategy (and like most extremely high-risk strategies in forex trading, in practice a strategy typically undertaken by traders ill-equipped and ill-prepared to assess its risks and use position-sizing appropriate ...
Why aren't traders who straddle the news successful?
- Xela replied Nov 11, 2015
I certainly don't think it can be done in no time, but I think it varies hugely according to people's background, experience, outlook and initial level of statistical/probabilistic understanding: there are reasons why some investment banks and other ...
Post your mistake here - warn others
- Xela replied Nov 10, 2015
Exactly so. Scalping systems are for very experienced, professional traders with spreads of around 0.1 pips and low commission charges. It's close to unimaginable that you could do well from it, as a beginner, using a counterparty market-maker as ...
Please Teach me how to trade for long and short term
- Xela replied Nov 10, 2015
Three different layers of "kumo", derived from three different settings of Ichimoku indicators. And only because that can add up to an approximate illustration of recent zones of support and resistance some of which may translate into short-term ...
Your top 3 indicators
- Xela replied Nov 10, 2015
Only because my father has done this for a living since before I was born, so it was "available" to me, and because I was Asperger-ish enough to find numbers and charts fascinating, and not really to have any other interests or friendships. ...
Post your mistake here - warn others
- Xela replied Nov 9, 2015
My ten grotesque mistakes ...
Post your mistake here - warn othersWhen I first started off, I did everything wrong that one can possibly do wrong - and more too: things that other people wouldn't even have found ways of doing wrong. (In my defence, (a) I was only 14 when I ...
- Xela replied Nov 9, 2015
I'm not sure the forex (interbank) market, per se, is "designed" at all: I think it's just a reflection of what's transacted. But the retail traders' "market" that exists around it, offering products and services, is certainly designed in large part ...
reasons why traders lose
- Xela replied Nov 8, 2015
Of course not; but then - to be fair - neither do moving averages or any of the other MA-derived indicators from which so many people are determined to trade. Only my own perspective, of course, but personally I feel less uncomfortable seeing ...
Forecast Forex using Numeric Cycles and Astrology Cycles
- Xela replied Nov 6, 2015
I think so; yes. My own first impression of it was that it was either satire/irony, or a kind of "April 1st" post, but the OP's subsequent posts in this thread, and some of his contributions elsewhere made me change my mind fairly quickly and ...
The real way to kill it in fx