Hi Keven The answer to your question is yes. In fact, a professional EA implementation of a proven strategy (based upon historical back-test) will almost certaintly win. The reason this won't work for most people is that most people cannot program ...

High win/lose ratios is not the key to success. The high win/lose ratio strategies tend to make the least money because there are few trading opportunities and profits are tiny when one does come along. Some of the best systems have "whipsaw" ...

I wonder how the figures would look if split into scalpers, swing traders and position traders. You'd probably find very few (if any) long term profitable scalpers, a few profitable swing traders and the largest percentage of profitable position ...

This seems a no-brainer pair at the moment. With the Swiss central bank saying they will weaken the currency if needed is there any downside at all to staying long? I went long in a major way when the bank announcement hit (6th Sept). I haven't made ...

I'm still short on a long-term position trade with AUDUSD. I went short at 1.1012 with the biggest trade I have ever placed. This has been open since 21st September and the yield has been stellar. But where will this pair bottom? I think value is ...

I'm still serioulsly short for a long-term positon trade in EURUSD... took a big short position at 1.3490 and it is working out very well so far. Current level of 1.32 seems about where the Euro should be in good times... but we are not in good ...

I studied trading intensively for three months (in 2004) without placing a single trade. I then started trading a live account and have been profitable year-on-year ever since. There isn't any arbitary time element to learning to trade - and perhaps ...

True support is really at 0.9700 and I'm expecting it to fall with hardly a whimper.

If we really knew we'd all be rich! But you could see all the pending orders being fille when the price spiked 0.9700 and all those orders are now filled. All buy orders in the range 0.9760 to 0.9620 also all mopped up in the last 20 mins. So I'm ...

The sellers are now back in control.... are there any buyers left?

If we move below .96964 again the price will wpike down to 0.96715 very quickly and may even crash straight through it. All the buy orders around that level have now been filled.

0.96715 is the next resistance point but there is a strong bounce. I still expect that 0.96715 will fall in the next hour.

... but the rally won't last long

Whoops... there she goes. What a spectacular gap opening on the minute bars! ... and here comes the bounce!

Golf hit low of 1688.65 five minutes ago. That is negative for AUDUSD. I expect it to challenge 0.96895, bounce and then fall through it - but if momentum is sufficient it may spike stright through and not bounce at all. Whatever way, when 0.96895 ...

I've been heavily short on this pair for a couple of weeks in a position trade. Won't be closing these positions any day (or any week) soon. The AUD was ranging between .9402 and .8063 in July 2009 to May 2010 and that's whre I see its true value. ...

>> but i had a hard time identifying the correct levels to trade That's the genius of Donchian who allowed you to quantify SR levels. For example "The EURUSD is now about to challenge the 50 day high" is another way of defining a support level at ...

If you wade through the forums you'll eventually hear many opinions about trading being all about "key support and resistance levels". It is quite rare for price to sail straight through a KSRL, nearly always it will bounce a couple of times. A ...

I manage risk on position trades (most of my trades last a month or more) but the principle is the same on any time frame. I ease myself into a position by taking several entries as the price moves in my favor and then averaging the position. Each ...