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- AlexCy replied Nov 3, 2015
Excellent tongue-in-cheek post! I think we need more healthy skepticism at ff, and this thread provides some, as does another recent thread, 'Technical Analysis alone will not give you an edge' , here : url With these two, hopefully there's a ...
- AlexCy replied Nov 15, 2014
99% of forex traders fail to make money While this isn't an absolute myth, the context in which it is said is misleading. What is the misleading context? It's comparing trading to ordinary (paid) jobs: paid workers make money about 100% of the time ...
- AlexCy replied Nov 13, 2014
Banks/Big Dogs/Big Players/Market Makers aren't out to get you, they aren't manipulating the market, stop being paranoid and just admit you're a bad trader Just read this latest piece of news, forwarded to me by username Antal: url Here's a more ...
- AlexCy replied Nov 11, 2014
Lower timeframes have more 'noise' : This I discovered from experience to be untrue. But how to attempt to prove it objectively?! Well, firstly, we could show professional traders a few charts and ask them to pick the 1M ones from the Daily ones. My ...
- AlexCy replied Nov 11, 2014
It's kinda odd using the simile of the Composite Trader in a zero-sum game like forex! As if the Composite Trader could ever be profitable, even if it weren't for spreads and commissions!
- AlexCy replied Nov 11, 2014
I know what you mean, but I was using a sort of mathematical definition of RR. What you mean is, you take a look at a possible entry, and you think "ok, what's my risk? what's my reward? if I enter long here my SL will have to go below this hammer ...
- AlexCy replied Nov 9, 2014
Our biggest challenge indeed!
- AlexCy replied Nov 9, 2014
You're probably right! If you think of it in terms of probabilities, what you're doing when you BE is giving price less room to breathe, which means more chances your SL will be hit. It might however be reasonable if this is just a case of trailing ...
- AlexCy replied Nov 8, 2014
Well, from what I can see it's nothing you can't learn online for free.
- AlexCy replied Nov 8, 2014
Hey Myo! Actually I tend to agree with that! That's one of the myths I wanted to tackle, the idea that lower timeframes have more noise than higher timeframes! But I'm not totally sure that I'm right about that one. And there's no reason it should ...
- AlexCy replied Nov 8, 2014
Myth no 2: I trade pure Price Action Really? Do you? Do you trade Renko charts? No? That's what I thought! We all use indicators. There's no shame in admitting it. Everyone's doing it. Your mother's doing it. Your sister's doing it. Your grandmother ...
- AlexCy replied Nov 8, 2014
I'll set the ball rolling! Myth no 1 : Positive Risk Reward Ratio I.e. the idea that if your TP is twice (or thrice etc.) your SL, that somehow you are advantaged, that somehow this is a positive RR, as opposed to, say, neutral. This is touted in ...
- What are your favorite trading myths?
Hey dear Pipmakers! The purpose of this thread is to share some of our favorite trading myths. Ever ...
- AlexCy replied Oct 31, 2014
I certainly agree with everything you say. We should all keep our feet firmly on the ground. Realistic optimism is the ideal stance here. Another point I would like to repeat, one I mentioned in an earlier post, is that it's far easier to turn 100 ...
- AlexCy replied Oct 30, 2014
Hi all, Would just like to bud in to the debate between Profitfarmer and my friend T34. (I don't think Soros will mind, and in any case I think this is well within the bounds of the discussion about whether rags to riches is possible.) Specifically, ...
- AlexCy replied Oct 13, 2014
Here! And why start a new thread?
- AlexCy replied Oct 13, 2014
Totally true! This is from a person who lives in Cyprus!
- AlexCy replied Oct 13, 2014
Hey Custos, One of the first things one notices when he trades with brokers, is that the more money you have, the less leverage you're allowed. So, regarding what you said, is it possible that the reason these Big Fund Managers make so little money ...
- AlexCy replied Oct 1, 2014
Yes, I BT'd several scenarios where the SL was higher (e.g. the yellow band, or the High/Low of the fibo zones indi). The result was very few losses, but when they came, watch out! It doesn't feel good to lose 350 pips in a single trade, no matter ...