You don't have anywhere near a 50% chance of predicting the right move, because a move consists of direction (up or down), magnitude (5 pips or 500 pips), and duration (in 5 minutes or 5 days). Often times traders are told not to complicate things, ...

lol "I present you with math" -- No, you presented a selective one-sided scenario where averaging in is clearly more profitable in hindsight. That's not math or reasoning. There are countless scenarios where the optimal strategy is clear in ...

That's just one broad category (birth month) that sticks out in the example given, how far do you want to take it? If you really want to get down to it, try addressing genetics and their enormous role in life, most of which is totally out of our ...

Who gives a shit what rich or poor people think? Smart people realize that rich people are lucky. There are far more factors out of your control which will determine whether you "make it" in life than there are things in your control. Most Canadian ...

What are markets? Groups of people making decisions. What drives human behavior? Basic human emotions and thought patterns. It doesn't matter who is moving the market, human psychology is human psychology. Professional traders experience fear of ...

I think PipMeUp hit pretty much every relevant aspect in the question. Most importantly as he stated, the optimal compounding / reentry is dependent on the structure that future price action takes, and could only be determined in hindsight. You can ...

As the study of chaotic non-linear systems continues, we're increasingly finding more and more 'order' within the universe where previously we thought there could or would be none. I believe market behavior is a non-linear system for which there is ...

Hi Sesamstrasse, MBTrading allows you to invert the price scale on a chart. If you just need it for analysis, you can always paste a screenshot of your chart in MS Paint and then vertically invert it. Your numbers will upside down but it has the ...

Uhhhh like who? What a ridiculous statement. Oanda (not my broker, but a very common one) has been in operation since 1996. That's 18 years if you can't do the math.

Fair enough. Because I always close positions before EOD, intraday breakouts (e.g. the EURUSD today breaking the expanding range of the previous four trading days) are my most profitable single trades, often with a single breakout bringing more ...

And what are those mathematical reasons? That's nonsense. I find it odd that when someone says "I can earn 30% per month," people automatically assume that they're going to compound that account continuously for infinity. So they start doing the ...

Agree. I think dedicated range traders can make a killing in their time, nailing repeated range trades until the range is broken (and no that does not necessarily just mean the high or low of the range, it has to be qualitatively broken by a ...

No doubt, but what happens when you've got multiple HFT algorithms all doing essentially the same thing against each other? It sounds like RAVEN is pretty cutting edge, but nothing in technology is cutting edge for long. Humans are still behind ...

Begs the question of how accurate it could possibly be when other firms inevitably start using the same systems... = a market ripe for human traders to beat the machines, as they're still doing today. Humans can't beat machines for HFT strategies, ...

Given what you've said, my advice would be to trade somewhere between a swing trader and day trader. Hold positions for a few hours at a time (sometimes for as little as an hour, sometimes upwards of a full session), always be flat at EOD. This will ...

Hi TEB63, I believe the question of whether we're in a trending or ranging market (read: volatility analysis) is absolutely vital to be very successful trading. That doesn't mean you can't be successful if you don't care about what environment we're ...

Never heard of him before, but just read some of his posts. Yeesh. People seemed to worship him and I just can't see why. Total asshole, his commentary was not very insightful (beyond the typical market cliches, e.g. "know your indicator inside and ...

MIRC is just an IRC client (so in fact you've got it the other way around ), but I'm pretty sure it's still around. Like anything trading, there tends to be a lot of noise and it can be hard to separate the wheat from the chaff, but if you're ...

Hi MarginCalled, I would suggest using IRC, there are lots of live trading rooms which are up 24/7. It's not direct human to human interaction (as in face to face), but it blows ForexFactory out of the water in terms of having live conversation.

For me, the single hardest aspect of trading is controlling fear, which manifests itself in one type of particularly destructive trading behavior for me: cutting trades too early. I manually close losing trades before they my hit my defined ...