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This is seriously brilliant. Another interesting technique I discovered is that I consistently fail to predict trends. Whenever I draw a trendline, the market will INVARIABLY go the wrong way. I am seriously considering developing a trading system that involves me making a judgement and then trading...

Stupid question - what is the Daily BuyZone trigger and how is it calculated?

Had a great time on EUR/USD today as a red rat - took three profitable trades. The two key lessons of the day are: 1. Let the winners run - really, I mean it. Each and every time I closed a trade at 4-5 pip profit after spread, I could've made thrice as much had I held on to it for longer. 2. Stick ...

Actually, over the course of this week, I will try to compile an Excel spreadsheet detailing which entries I took and what the outcome was. It will also enumerate how far the winner would have run had it not been closed at 5 pips and how far into profit the loser went before reversing and turning in...

George, have you taken the spread (bid/ask differential) into account ? Empirically, no; visually, in all of the above cases, it would not have made a difference, in that a winner would still be a winner (in other words, the difference wasn't substantial). In the test that I am doing right now, how...

So, I just took the system on a two-day backtest with a twist. I manually scrolled bar-by-bar on 5M TF through EUR/USD on Dec 30 and Dec 31 (and yes, I realize this is not an exhaustive sample size by any stretch of imagination). The idea was simple - by scrolling through the charts and making decis...

That the best way to trade is to assume that markets are random and emerging trends are impossible to reliably predict without looking at the fundamentals, which would put us squarely into the long-term investing - rather than trading - game. Once you accept that markets are random, you start focusi...

Every day, traders ask themselves, over and over again, the same question - can I, or can I not, predict what the market is going to do? If we assume the random walk theory to be true, then markets are random and unpredictable. However, we also know that markets are driven by human traders (or algor...

Happy 2011! May it bring you many pips and 2%+ days! Eyeballing today's chart, I am very surprised at the efficiency of the method - as a red rat, there were a total of 3 trades that could be taken on EURUSD alone. The only caveat is that the 10 pip SL would have been too tight - but aside from that...

Hi guys, Been reading up on TRO's method for a few days now while watching the markets in demo mode. Could you please take a look at the attached setup and let me know if this is the kind of trade TRO has in mind? This would help me gauge if I understood his method correctly. What I see on the setup...