Hi Red, I'm always interested in a pattern trading thread. Thanks for sharing. How come your candles have no wicks on them? Cheers

smjones merlin fijitrader

Precisely Peter, What matters is risk adjusted returns. You can double your money at the casino but what is the risk? When you consider that the bank rate is virtually risk free it is insufficient to earn just a little more in forex because the ...

I agree it depends alot on your strategy's historic drawdown. If the recent drawdown has been exceptionally low then that would be a factor in taking some money off the table. But remenber that reducing leverage is effectively the same thing.

Motanu, Although I am not yet in such a happy predicament I have pondered this myself. There is no easy answer. Mathematically the answer is to leave things as they are because the odds should still be in your favour but psychologically this is very ...

positive expectancy — An edge is simply positive expectancy - the expectation that you will come out ahead over time even the distribution of wins and losses may in fact be random. A casino has positive expectancy but cannot be sure how those ...

Thanks alot for that Turtle Onion. i also found a list at url . You need to know whats going on even if you are a technical trader.

If you are ever stupid enough to buy a casino "system" you will notice that the "winning" ones are based on a small spin sample usually 10000 or less spins (which proves very little) - so yes in the short run it is theoretically possible to ...

Alot of the market wizards talke about averaging in , in particular Bill Lipschutz. I think it would suite fundamentalist best who wanted to build a position.

url This article by Paul Roberts says alot about the shift in global power. Merlin touched on this recently in another thread. Loss of sovereignty is an inevitable drawback of globalisation.

Vik, url Read this You'll find it helps alot. Also Mark doulgas Van K Tharp and Brett Steenbarger write brillantly on the psychological aspects of trading. Before I went live I thought all market psychology was BS but it is hard to deal ...

Hi All, Why not just trade GBPJPY and EURCHF ? Isn't this what is really being traded or are you trading everything in equal USD value lots? Also since EUR and CHF are very highly correlated(95%+) the position is really GBPJPY which has been in a ...

An historic transfer of power I think and one which will continue. Thanks for posting. Russia, India and China accounts for half of all global growth!

Thanks for sharing. I trend trade the 5 minute on some of these markets too at the same time so it was interesting to see how you chose to capture the movement. Its all about eliminating noise without geting in too late. Some good ideas.

Have a look at Xpresstrade or MB Trading.

Big wave rider, What do you mean by common sense being the key? I can accept that algorthmic trading is problematic but at least you are objective and know why you are wrong. Can you provide an example of trading with common sense? Could some of it ...

Great post Gmak. Unfortunately pips gained is widely used . It is also fact that $ per pip gained in each pair varies quite a lot between the pairs .

If you are not using the same broker for both trades you can still get margin called on your FX position . You cannot use unrealised gains on the option position to offset without closing out the position. To trade this way successfully you would ...

I work in a casino and am not allowed to gamble there or at any other casino withn the group. The reason is potential conflict of interest. It means a whole raft of potential problems are avoided. My guess is the CFTC has a similar rationale. It ...