Search found 113 matches

by jhtumblin
Fri Sep 25, 2009 8:52 am
Forum: MetaTrader
Topic: My TRO EAs
Replies: 78
Views: 60499
Gender: None specified

Here I have something to choose for the EA, I think there are 2 global strategies : 1. We want the EA to take all the good trades, thus we use wide detection values , but we put a smaller s/l and a tighter exit. So we make more false entries, but at the end the average is positive. 2. We want the E...
by jhtumblin
Sat Sep 19, 2009 5:58 am
Forum: general
Topic: Predicting Pivots and price!!!
Replies: 15
Views: 10912
Gender: None specified

Here is my thought primarily since the beginning of internet "peddling" of these systems, newsletters, etc. If anyone had a non-discretional simple way of accurately predicting market direction, why for any reason would they sell it? If you have something like that you are either going to ...
by jhtumblin
Mon Sep 07, 2009 5:00 pm
Forum: beginners forum
Topic: Give me a system
Replies: 8
Views: 4913
Gender: None specified

Lewis welcome to the forum and to reality. I love to see new traders with fire in their eyes but allow me to help keep you grounded. Keep your money in the bank until you can consistently return profit that meets your expectations on a demo account. When you achieve that, open a small live account ~...
by jhtumblin
Sun Aug 16, 2009 3:38 pm
Forum: beginners forum
Topic: Can someone define and explain "price action"?
Replies: 66
Views: 36557
Gender: None specified

Leveragedopinion, I have already defined price action previously in this thread as well as insight into what creates it. I did not mean for my post to sound like an attack on you or your statement, more of a correctional response. There is a lot of new traders on this site, and I like to think kresl...
by jhtumblin
Sat Aug 15, 2009 8:35 pm
Forum: beginners forum
Topic: Can someone define and explain "price action"?
Replies: 66
Views: 36557
Gender: None specified

It's strange there can be so much debate about PA, like it's a unicorn or santa clause or something. Price action is simply playing probabilities based off of the formations of the bars that represent price. Pinnochio bars, engulfing bars, all sorts of bars that signify reversals or continuations. ...
by jhtumblin
Sat Aug 08, 2009 8:19 pm
Forum: beginners forum
Topic: Can someone define and explain "price action"?
Replies: 66
Views: 36557
Gender: None specified

Ok patriot, hopefully this is the logic you were looking for. In price action, price moves up when there are more buyers than sellers and price moves down when there are more sellers than buyers. I hope we can agree on that because if not, you are going to lose some serious money. Now here is the tr...
by jhtumblin
Thu Aug 06, 2009 10:03 am
Forum: beginners forum
Topic: A blind man who wants to see
Replies: 6
Views: 3583
Gender: None specified

Welcome Pipatron. I see you are beginning your education in trading. I'm glad you're a booksmart fellow but throw all that out the window, it doesn't apply here. Now to answer your questions. Q1: I think the majority of traders would agree with these statements, I will however make a few modificatio...
by jhtumblin
Fri Jul 03, 2009 2:04 am
Forum: TheRumpledOne
Topic: 2009.06.24 WHY 95% OF TRADERS LOSE PART III
Replies: 222
Views: 128998
Gender: None specified

Market orders have their place. It depends on what type of trading you are doing. If you are scalping then it would probably be a good idea to stick with limits. For swing trades or momentum trades it depends how important to your method it is that you get in at a certain price. The bottom line is t...
by jhtumblin
Tue Jun 30, 2009 9:59 am
Forum: TheRumpledOne
Topic: ProchargedMopar's Trading Trilogy
Replies: 12135
Views: 2438220
Gender: None specified

Everyone has to pay tuition while at the University of Capitalism. Now that you have paid for your degree you make some money off of it.
by jhtumblin
Thu Aug 28, 2008 8:33 am
Forum: TheRumpledOne
Topic: Middle analysis - Taking home the Pips
Replies: 56
Views: 27469
Gender: None specified

There are hundreds of gurus and pundunts hawking how to make a bundle by beating the markets and/or forex. They'll have magnificent, elaborate charts and secret alghorithums to 'predict' what will happen in a fluid, random market place. The fact is I could have a monkey draw a dart at a board marke...

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