Also a geek here. I love the challenge of it. Where else can you get such a complex system to study with so much data? After spending 20 years programming, I was bored with that and sick of working for the man. Trading is one way I can use my ...

Wow! Interesting to see this post come up again as it was one of my first and I was still trying to figure everything out. Things have really changed in the year or so that I've been learning to trade and it makes me realize how far I've come. Still ...

My advice is to focus on one pair when you're starting out. One system and one pair until you really get the feel of the pair you're trading. Then move on. Don't get distracted when you're new trying out every system that someone mentions and ...

Thanks Gee Seven and Williamk for your responses. I set the stop at the open or close of the previous day (high if I'm going short and low if I'm going long). Or if that's close to the current price, then I will set it at the high or low of the ...

Anyone else in this boat? — First off, let me say I don't mean in any way to put down the Fozzy method (just in case some interpret it that way). I am grateful to Fozzy for putting it up and to others for refining it and adding so much info. ...

The goal isn't to get the highest percentage of favorable trades, but to get the most total pips across all your trades. So even though it feels nice to have a high win rate, that goal might actually be counterproductive if you're limiting your wins ...

I've used it at times and kind of like it. It smoothes out the noise and I think it helps me make better exit decisions. I use it in conjunction with cci. The only problem is that I can't put it on and take it off quickly in MT4 which is what I ...

Sweet!!! :-)

My $0.02 — My advice would be to choose one currency pair, one timeframe and one system. Write the rules of your system down and paste them on your monitor. Stick to them without fail for the next couple of months at least. Quit trading your ...

Ohhhhhhhhhh!!! That's what that means - no indicators. And all this time I've been scratching my head wondering why so many people like to trade with no clothes on and how you keep your butt from sticking to the chair. Squid

Why spend your life doing something that bores you? There's lots of other ways to make good money. What gets your blood really pumping is what you're most likely to be successful at (and enjoy along the way). Squid

The thing that struck me from reading the Market Wizards books is the varying backgrounds of traders. Everything from a high school education up to almost a PhD in Mathematics. There's not one route to success, is there? The things that I can see in ...

StrategyBuilderFX.com

Cool Merlin! That will be a nice addition to the site. I have stopped trading the news (mostly because I've had such a sweet run with GBPJPY I don't need the risk of news trading) but I love watching that line go crazy on my charts every time news ...

There was at least one in New Market Wizards who didn't blow out. Can't we learn from other's mistakes???? I hope so! Squid

Cool resource. Thanks for working on it Bemac and thanks for posting it James. Squid

And at the 12% mortgage rates we had in the 80s how many could afford your house? And wages don't keep pace with inflation very well. Inflation sucks. I'm with you - I hope Bernanke keeps it under control. Squid