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Dave commented on Dave's blog post Why No Forex System Will Ever Work
"Thank you Lisa and fxretracer :-)"
Aug 8, 2011
Dave commented on Dave's blog post Why No Forex System Will Ever Work
"I believe in trading rules, if you need them, not to be limited by a system. An experienced trader doesn’t trade impulsively. Just sit back and relax and let the market come to you, if you miss it just wait for the next opportunity. If you…"
Aug 8, 2011
Dave commented on Dave's blog post Why No Forex System Will Ever Work
"@Pompidun that is really a hard question, as trending market can suddenly go into ranging, and ranging can break out into trending. I don't know if I'm the right person to answer this as I most do day trading and play the opening/close of…"
Aug 8, 2011
Trebs Acre commented on Dave's blog post Why No Forex System Will Ever Work
"A trading system's best work is on the traders psychology. it guides him when to trade and not to trade or what risks are involved. without a trading system, it may lead to trading paralysis or worse it may lead to impulsive trading that…"
Aug 7, 2011
Pompidun commented on Dave's blog post Why No Forex System Will Ever Work
"Hi Dave, in your view, what is the best way to identify what market it is: trending or ranging at the earlier stage?  "
Aug 7, 2011
Dave posted blog posts
Aug 7, 2011
Dave commented on Dave's blog post Forex Algebra
"K.I.S.S, Keep It Simple... ? :-)"
Aug 4, 2011
Dave commented on Dave's blog post Forex Algebra
"K.I.S.S, Keep It Simple... ? :-)"
Aug 4, 2011
Dave commented on Dave's blog post Forex Algebra
"I'm afraid you lost me, what is that equation for?"
Aug 4, 2011
Dave posted a blog post

Forex Algebra

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:…See More
Aug 3, 2011

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Trading style
Day trading / Discretionary
Current Broker
Oanda

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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…

Continue

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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