Even if that 95% number that gets thrown around was right it tells us nothing about the pros and cons of using a stop loss, because the percentage refers to all the retail traders. We don't have separate statistics for SL, no SL, EA, hedging ...

Sure, trader B would have 3 trades, trader A only 2. But that's exactly what happens! It is our premise, it is what those 2 traders do, if they both assume there is going to be a retracement. The nedger keeps his initial position open, and adds a ...

Let's see how that works. Trader A and trader B are both excellent traders, both reading the charts and fundamentals the same way. Both buy the euro at 1.30 with a long term target of 1.40. When the euro hits 1.36 they both think it will first go ...

My search is over. My backtesting shows that if I buy euro, pound or aussie as soon as good ol' Al (aka Alfredo) posts something like "a big drop will follow in the next few hours/days" I make anywhere from 70 to 250 pips before the price returns to ...

The million dollar question!

jeanlouie, I will make a few final points in answer to your last message, without quoting you. It's not my intention to convince you of anything. If your critical thinking is good enough you will no doubt reach the same conclusions as I have. My ...

Yes. You can have a 60 year old who once was a good athlete and he could give you some tips on how to improve your skills. He cannot run or jump today because he's too old, but he still knows what it takes to get there. Trading is a completely ...

You're proving my point, that trading is not easy at all. You've been doing this for 7 years. You wrote trading systems threads here on ICC. You had people following you and your (mostly) scalping techniques. You changed your system several times ...

That is exactly what all the self proclaimed gurus you're criticizing are saying, that trading is easy. At least for them. So how do we know that all those guys are wrong and you are the real McCoy? Can you please show us your Ferraris? And what's ...

What's with this ridiculous witch hunt? It's definitely not the spirit of the thread, at least not what I intended. And why pick one of the few no-nonsense systems that actually seems to work quite well with just a minimal dose of ...

Hey ... that's great news for me then (and for everyone else I suppose) - I am very happy to be proven wrong here. Too bad we both wasted years studying markets and charts, reading trading books and studying with mentors ... when in fact all we had ...

jag1966 - The way I see things - the rules of system are very clearly laid out in the first post. If you think those rules by themselves give an edge then all you need to do is write an EA to trade the system, or pay someone 100 bucks to do it for ...

I'm with micmic on this one. Actually if you check any of the system threads you will often see the OP saying something like "I didn't take that trade because ... <insert discretionary reason here>". I am talking about a trade that should be valid ...

Let's see how the test went: video

That's exactly the problem, isn't it? You don't know in advance when the market conditions change. You don't know when it goes from ranging to trending for example. You don't know when you're watching a small pullback or the beginning of a strong ...

Good luck to you! The thread is not meant to criticize or target any particular thread or poster - the intention was just to make some experienced traders smile when they recognize some of those patterns.

Excellent chart, and I see some great potential there. We just need a few more filters, maybe 3-4 indicators, not more, to make it a perfect system.

fxtr51, Why are you quoting all those things trying to make it look like I said them? I didn't use the word crap, I didn't use the word panties, I didn't talk about April's fool joke and so on. Those quotes come from other people. Why do you put ...

Joking aside, his method is actually one of the good ones! He's doing a great job.

fxtr51, I did my best to understand your method and to investigate it. I always do that when someone comes with something that has been proven for centuries as wrong, and claims that it's good. It's my nature, maybe because of the scientific ...