fibos = astrology elliot = astrology

everyone's comment about micro and mini is right. no need to go up until at least 20K. The ability to scale in and scale is out very good, especially for new traders

how long have you kept up that average? how many trades?

Law of Large Numbers — From what I understand, while it is basically true that it doesn't matter how many heads in a row you get from flipping a coin, the chances of getting a heads is 50%. Yet, according to the law of large numbers, from what ...

intresting, so is forex just a random walk?

After reading you guys for a while (under a diff name) I know a lot ofyou are technical junkies, but if there is a fundemental person out ther, can someone explain this massive move over the year of the EUR/JPY its not oil like the CAD/JPY, its not ...

I Live Work and Trade on the EST, but an intresting fact about the Japanese trading times, Lunch Time during the Japanese trading sessions tend to decrease market participation more than in anyother trading session

It would be fascinating to find out what an automated back tested strategy would show, if you just tested simple rules. 1 lot at a time, buy/sell right after the last trade has completed try to get 5 pips with no stops another version try to get ...

I believe it is a very personal matter. I think there are great traders who don't use money managment at all and go by whether thier trade still looks right after it has gone agaist them, or whether they use strict money managment. A bad trader will ...

I also use the COT, and I have been looking at the same thing, I epect a big time down turn over a long period of time