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- 6pack replied Aug 23, 2011
Do you have any indication any of them do that? — Are you sure they even can do that?
- 6pack replied Aug 21, 2011
Great points - thanks, hanover — @kingsurfer, I think you should differentiate your trading system from your money management, specifically position sizing. IMHO, various martingaling schemes are appropriate for only very few trading ...
- 6pack replied Aug 13, 2011
contradictions — The fact that you haven't yet discovered a strategy that does not lose does not mean that one (or a thousand) does not exist. You don't need both more positive trades and smaller losses than wins (though that helps), but your ...
- 6pack replied Aug 9, 2011
it is what it is — This is as real as it gets. What exactly do you mean by ? Who decides what the "right" direction is? Sure, the markets are very volatile these days. But we've had periods like this before, and in the grand scheme of things, ...
- 6pack replied Aug 9, 2011
Soros wasn't merely "predicting" a fundamental event when he shorted GBP — he actually created that event, or at the very least put those last heavyweight straws on the poor camel's back. This kind of trading is not applicable to us ...
- 6pack replied Aug 8, 2011
The USD is not exactly rallying in absolute value. — It is rallying relative to some other currencies. Whatever happens in/to the US has global consequences. Investors might interpret data, for example, as "the next crisis/recession." Will it ...
- 6pack replied Aug 2, 2011
If you're going to be a scammer, why waste time and money at a university? OTOH, if you want to be a researcher, or a professor, for example, go get your degrees. I personally don't think you should "do trading almost all the the day"; one of the ...
- 6pack replied Jul 31, 2011
I am not sure I understand what you're talking about: I am suggesting properly using statistics to evaluate trading systems, not coercing or even raping the theory to do some whacky pseudoscience. I have to say now I am intrigued. For me, an ...
- 6pack replied Jul 31, 2011
logic, statistical significance and back/forward tests — I think we can probably agree that too many traders just throw indicators at their MT4 terminal, and try to see what sticks. Though that approach might sometimes work, its logic is [at ...
- 6pack replied Jul 31, 2011
Why isn't the empirical logic of "history repeats itself" good enough? — Maybe because you sound like, None of you even know what you're doing, which naturally leads to, OK, pls enlighten us. The logic that many systems are based on ...
- 6pack replied Jul 28, 2011
What equation exactly are you talking about? I am not aware of any equations in finance [or anywhere else for that matter] with so many variables. And before you say anything about some hypothetical equation, think what that exactly means: there is ...
- 6pack replied Jul 28, 2011
Technical analysis works because history, to some extent, repeats itself — Patterns that were evident last year can be seen again this year, and patterns that appeared yesterday resurface today. You won't find a mathematical proof for this ...
- Back Bay FX Services
Does anyone know or have any experience with these guys? http://www.bbfx.com They have an old ...
- 6pack commented Jul 26, 2011
Pretty much all using fundamental analysis. All of you out there with a gazillion indicators on your charts, take note.
- 6pack commented Jul 24, 2011
Your car is a solid transportation vehicle, not a liquid financial vehicle. When you say, "worth $100 maybe $200 on the market" then yes, that is exactly what the market is telling you: that you and I can buy a comparable automobile for that sum of ...
- 6pack commented Jul 22, 2011
That's not the point. Drinking coke is not good for you, but still allowed. Government should not interfere or intervene (but I'm fine with warnings). If you make a lousy entry, no exit will save you.
- 6pack replied Jul 20, 2011
I've just discovered this very useful and helpful gem — Thank you so much, David!
- 6pack replied Jul 19, 2011
Honest, small spreads (using their BestDirect8, not MT4) - but the platform is outdated, not very user-friendly, and you can forget about charting. But if you have a good charting solution [I mainly use TradeStation], PFG is pretty good.
- 6pack replied Jul 18, 2011
You are right of course: the results are different — This is due to different approaches to averaging, with Wilder's approach resembling an exponential moving average, and the latter obviously being a simple moving average. There is no "right" ...
- 6pack replied Jul 17, 2011
According to the chart he posted last week — The M5 chart uses a 20-period RSI.