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  1. Rico

    The dark underworld of forex trading

    from http://www.smh.com.au/business/markets/the-dark-underworld-of-forex-trading-20150120-12uoi9.html Investors around the world haven't lost their appetite to trade in the post-financial-crisis era. But instead of playing the sharemarket, they fancy themselves as global currency traders...
  2. Rico

    Poll: Should forex trainers show their results?

    This poll asks whether you think forex trainers should show their results. You can only choose one answer, and they need a little explanation. In an ideal world, any results that a trainer shows would be live, that people can track remotely through MyFxBook (or possibly a similar system)...
  3. Rico

    Monthly Performance

    Hi Cedric, no i haven't manually tested the trading plan. But going by my results after 6 months, it's not that flash. It may be the case that you can't expect decent results in 6 months. But i also kept a record of my results with TFG's Chart of the Day (COD), and my success rate with these is...
  4. Rico

    Nial Fuller's Axi Trader Competition Win

    I wouldn't say it's a bad course - maybe not the best? I'm not a good trader yet myself, so i can't really say, but Chris Capre's comments make sense...
  5. Rico

    Monthly Performance

    Hi Cedric Nial says in that article that his win rate is *between* 30% and 50% (rather than just 30%), his RR is *generally* between 1:2 and 1:3, but that "you need a few in there that are really going to put you in front." Even so, that's an interesting table you have there - where does it...
  6. Rico

    Nial Fuller's Axi Trader Competition Win

    Chris Capre may have some kind of bee in his bonnet about Nial Fuller, but this is a pretty strong indictment of Nial's recent competition win: https://2ndskiesforex.com/trading-strategies/nial-fullers-71-drawdown-in-the-axitrader-competition/
  7. Rico

    Monthly Performance

    Hi Cedric, thanks for sharing your results. I'm new to price action, so can't comment with any real weight, but a 1 year record with a 43% win rate doesn't sound bad. Not sure what to make of Nial Fuller - though quite a few of the free articles on his site are interesting - but he claims to be...
  8. Rico

    Monthly Performance

    Those are pretty good trades to start with! I'm feeling much more comfortable with picking trades after only 4 months. So if this is only, say, your second month, i'd say hang in there. Since last month, though, i also close out early if i think a trade is going to tank it. Plus i no longer use...
  9. Rico

    Monthly Performance

    Attached are my April results - my first profitable month. So much so, in fact, that i more than wiped out half the debt i racked up in the first 3 months. Most of that money came from 2 larger winners, confirming what Mark Shawzin (mentioned earlier) says, that you only need 2 or 3 bigger...
  10. Rico

    Goodbye indicators, hello price action :D

    Hi Tom, you found price action early, so hopefully no damage done from earlier. I think it's nice to have some reasoning behind trades and make your own decisions - not let indicators or robots do it for you!
  11. Rico

    Monthly Performance

    I've attached my latest results for March 2016. I found that there were various mistakes in my spreadsheet, so I've tried to correct them. While it was still a poor month this time round, I did improve. In January I lost around $600, February I halved that to about $300, and last month I made...
  12. Rico

    Hello all !

    Don't worry about replying quickly, Raspy - i can wait. Thanks for the link to the pattern site. With AUDJPY, it's just not a trade i would have taken, but i did wonder where YOU put your SL.
  13. Rico

    Hello all !

    Hi Raspy, i'd never heard of the Cup and Handle pattern so had to get a little education and look that one up. I gather it's the one that starts on 11/3? I wouldn't have picked that since the handle looks a bit indefinite to me. But so far so good. The small reversal bar at resistance made me...
  14. Rico

    Forum Time Setting

    Scratch this thread. I may have gone to pages in cache after I changed my time zone, since the times and dates are displaying fine now.
  15. Rico

    Forum Time Setting

    Hi Dale I noticed that the forum displays a posting date and time very different to mine. At first I thought it might be my individual time zone settings, so I changed that to +10 hours. That didn't work. So i'm guessing that the default forum time setting is for something other than +10...
  16. Rico

    Greetings to all

    Hi M0ggie, here's to not blowing any more accounts! My progress here has been unremarkable and slow - i'm just trading on demo - although i seem to be making slight improvements.
  17. Rico

    Hello all !

    Hi Raspy, it'll be interesting to hear about the patterns you find!
  18. Rico

    Forex Newbie

    Hi Barry, interesting story and good luck to you!
  19. Rico

    Monthly Performance

    A record of my February demo trading appears below. I added a few columns since January, as follows: COD means a TFG Chart of the Day. So if it shows 5, that means it's the 5th TFG Chart of the Day i've traded. CW = Chart of the Day Win. If it shows 2, that means i've had 2 COD wins. CWR means...
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