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Dave's Blog

Why No Forex System Will Ever Work

Posted on August 7, 2011 at 6:00pm 6 Comments

When I first started to trade the forex market I was all "caught up" in this idea about having a trading system. It sounded so good to have a solid system to follow. No need to make any decision, just follow the system. Consistent profit over time. I even heard some banks use them.

Then I learned they could stop working. You would have to be able to construct a new one. You need to know when to not trade your system, for example during macroeconomic news. Perhaps you need two or more…


Vertical Trendlines

Posted on August 7, 2011 at 5:30pm 0 Comments

In this article I'm going to show you a way to use trendlines that you might haven't thought of before, or least I hadn't. The first time I saw this was over at the oanda fx boards, a guy had posted his chart with his trendlines (Sorry, I don't remember your name.). It was so simple it was ridiculous, yet I hadn't thought of it before. At the time being I was considering myself pretty "read up" on technical analysis. Full article:… Continue

Forex Algebra

Posted on August 3, 2011 at 8:00pm 3 Comments

Okay, today we're going to discuss forex algebra. Remember algebra from school, a + b = c ? I know there are some traders out there that don't know this, and that's fine. You can be a very successful trader without knowing this, but from my point of view I think it'll make you look very amateur or ignorant. You want to look professional. Besides, this can come in handy sometimes and you always want to add to your knowledge. Full article:… Continue


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