LOL,
I would love to see your ears give you a two way quote and allow you to trade off it.
ah but they have...
In my world as well as using 50:50 and ask the audience, I also phone a friend.
Best Forex software!??
- Thread starter Jeppo
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ah but they have...
In my world as well as using 50:50 and ask the audience, I also phone a friend.
Did you mean between your ears!
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Disagree completely about using your ears, that way lies ruin. I only became profitable when I stopped listening to rumour, other peoples ideas etc etc. It's too easy to be bombarded with nonsense and get emotionally involved in trying to decide what's wrong or right.
The truth is in the chart, find the way that visually makes sense to you. Use only your eyes realising any edge is going to be small and that losing trades are inevitable.
Knoxy
The truth is in the chart, find the way that visually makes sense to you. Use only your eyes realising any edge is going to be small and that losing trades are inevitable.
Knoxy
Ahhh there lies the difference between you and me, Knoxy.
I actually listen to people "in the know" where as you will try and second guess a chart.
Just remember "Every sunken ship has a chartroom" !
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Technical analysts believe that all that can be known is contained in the chart. Therefore if you believe in TA then to "talk to those in the know", the chart is the expert.
If a trader has a different philosophy that works then that's fine. I'm saying that for me price action is more important than anything else. My profitability in Forex over the last 6 years has come from price action, my largest single loss was when I believed all analysts and myself that the AUDUSD was topping at 0.83 in May 07. I painfully learned not to be wedded to a view, mine or anyone elses.
cheers
Knoxy
If a trader has a different philosophy that works then that's fine. I'm saying that for me price action is more important than anything else. My profitability in Forex over the last 6 years has come from price action, my largest single loss was when I believed all analysts and myself that the AUDUSD was topping at 0.83 in May 07. I painfully learned not to be wedded to a view, mine or anyone elses.
cheers
Knoxy
"Technical analysts believe that all that can be known is contained in the chart."
No surprises there.They are paid to say that.
You search for the price action via a chart.
I search for whats about to cause the price action.
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Hi Lasty,
I'm not trying to get at you in any way, philosophical disagreement is healthy. I'm a TA and the only way I'm paid is through my trades.
Looking for the reasons behind the action seems more of an investor than a trader mindset. I'm comfortable being a trader, don't need to know why to make money.
On the thread topic, I believe the best software has to have good backtest abilities so I'd vote for Tradestation or the cheaper clone MCFX. Ironically I use MT4 now, even though the backtesting really sucks, just comfortable with my method so no need to pay platform fees.
I'm not trying to get at you in any way, philosophical disagreement is healthy. I'm a TA and the only way I'm paid is through my trades.
Looking for the reasons behind the action seems more of an investor than a trader mindset. I'm comfortable being a trader, don't need to know why to make money.
On the thread topic, I believe the best software has to have good backtest abilities so I'd vote for Tradestation or the cheaper clone MCFX. Ironically I use MT4 now, even though the backtesting really sucks, just comfortable with my method so no need to pay platform fees.
>Apocalypto<
20.03.2012
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unless it's a major news release that could smash you as you are just about to take a position, who cares what causes it.... just trade the signals it shows you.....
each to their own.......
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In my opinion if you have your tested, proven lucrative strategy and its signal comes you don't have a 'right' to analyze it again. All you have to do is just to decide that if it matches the criterias or not. If you find it a valid signal you must trade it regardless the reason that made it evolved.
Technical Analysis deals with price actions not the reason behind them IMO.
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Why do I smell spam coming?
>Apocalypto<
20.03.2012
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Excellent post!!!!
Couldn't agree more, ProfitS this is exactly the ideals I trade to..... :iagree:
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Tradestation looks one of the best in terms of analyzing markets. Has anyone else seen the TTM's tool on other software? If so, please tell me. l think that the TTM's (when used correctly) are a good one to have on your side.
But, can't get a demo version with some play money anywhere.
But, can't get a demo version with some play money anywhere.
Thats fine and good luck to you but I prefer to get the heads up eg. knock out options or whats going to occur at the fix in Tokyo so I can position myself on the day.
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Clones of TTM tools are available for MT4, often with different names. I have BBSqueeze somewhere, will post where I found it when back at my trading machine as I know they cloned the whole suite.
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Im using MT4 on FXCM (Australia).. for 2 reasons. 1. MT4 supports EAs (automatic traders/expert advisors) and 2. FXCM provided me with a free VPN. I haven't traded manually because I'm not confident enough.. in the future I want to though.. and yeah I read that the next version of MT4.. MT5 will have commodity trading.. amongst other things
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