One more negative/paranoid post then I promise I'll cheer up. url This podcast is excellent, much better than Swanscott's. I particularly like this episode around 1:00 where they begin to talk about how algos are cutting into trend-following ...

I would never consider trading with this broker but I think it's fairly shocking that a company that has had such a high profile in the industry has done so much harm to their reputation in recent years. They have outright claims of fraud that they ...

Incidentally, look at the win/loss ratio on that scalper! At one point it loses more than 60 times in a row! I never would have been able to trust something like this a few years ago. I now see it as a benefit, since if something can lose this often ...

This is what I've learned from 'EarnForex' a very useful site in general that I recommend visiting often. I guess it's a little embarrassing that I haven't learned about this earlier, but I'd rather be embarrassed revealing my ignorance than ...

I have some things to look forward to, as one of the bots I've been working on with Kefada is nearing stability and is ready for some extensive demo testing. I will share those results if there's interest. I have also been testing my scalping bot ...

The greatest risk in Forex is broker risk. The casino will always find a way to win eventually, but will rarely do anything to scare away a new mark immediately. Two new rules therefore. 1. Raise accounts by 50% then remove funds and switch brokers. ...

Forex Most beginners open accounts at forex shops where they immediately run into a fatal flaw—your broker is your enemy. (After what happened to me last week I’m afraid I have never been more in agreement. As I've said before the greatest risk in ...

CFDs Commissions tend to be high relative to contract sizes. Bid-ask spreads are controlled by CFD issuers, who also control prices of contracts, which may deviate from prices of the underlying securities. In other words, a retail customer plays ...

Options “Options are a hope business. You can buy hope or sell hope. I am a professional—I sell hope. I come to the floor in the morning and find what the public hopes for. Then I price that hope and sell it to them.” Each option has an exercise ...

Stocks The main problem is there’s too many of them and beginners tend to spread themselves too thin Too much choice doesn’t improve your prospects as a beginner Stocks can run and gun based on flimsy fundamentals Insiders have a big influence on ...

Trading Vehicles Whatever you trade, make sure it has liquidity, millions of shares per day so you can easily get in and out Volatility - the higher it is the more opportunities Measure it using ‘beta’. Beta measures volatility against a benchmark ...

The Manning Stoller system A sell signal is given when prices reach the upper channel line while an indicator, such as MACD-Histogram, traces a bearish divergence. It shows that bulls are becoming weak when prices are overextended. A buy signal is ...

Channel Trading Systems Market prices tend to flow in channels, like rivers in their valleys. Channels help us anticipate where those support and resistance levels are likely to be encountered. Elder gives J.M. Hurst credit for pioneering trading ...

The Impulse System Compared to the cumbersome and complex and vague 3ScreenSystem, the Impulse system is simple, and easy to understand. Aw yeah, simple and easy to understand is tight! An obscure reference that you might get if you watch a lot of ...

Triple Screen Trading System Triple Screen applies three tests or screens to every trade. Many trades that seem attractive at first are rejected by one or another screen. The trades that pass the Triple Screen test are much more likely to succeed. ...

Trading Systems In the end, only one kind of backtesting prepares you to trade—manual testing. (truth!) It is slow, time-consuming, and cannot be automated, but it's the only method that comes close to modeling real decision making. It consists of ...

Signals from the Press Letter writers just follow the trend Financial editors are even more cowardly than their writers It takes a powerful and lasting trend to lure journalists and editors down from their fences. (and when that happens, usually you ...

Other indicators Advance / Decline line A rally is more likely to persist when the A/D line rises to a new high, while a decline is likely to deepen if A/D falls to a new low in step with the Dow. But you could say the same thing if price is going ...

The 50 day MA when a stock trades above its MA, the current consensus of value is above average—bullish. When a stock trades below its MA, the current consensus of value is below average—bearish. When the “stocks above their 50-day MA” indicator ...

General Market Indicators The New High New Low Index Simply subtract the new lows from the new highs You can find this indicator in just about everything Elder provides an example of a NH-NL line under SP500 Just looking at it I get the feeling it ...