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Old 27-08-2005, 22:34   #20
TraderABC
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Re: Are currency markets random?

Quote:
Originally Posted by elmagd2000
Who said using 50% winning systems can't make your living.

Problem with that is that it borders, no it is no better than random entry.

Quote:
For sure there is a way by studying TA and FA then practice for some time and definitely no need to study Astrology.
What EXACTLY do you mean by TA? I have done extensive backtesting using popular oscillators and trend following indicators. They have bombed in terms of predictive ability. With regards to FA I do not beleive that it is very useful for intraday trading. Even longer term trading is an iffy with using FA.

Quote:
I feel an accent of impatience and depression which mostly follows a series of losing positions. My firend IMHO you need to go the extra mile. This game is psychology, money management and system. Are you missing something?
Regards, Hani

I study trading whole day long, every day.

I am missing a system. Psychology cannot add to a system it can only take away...


ANy replies to my previous posts (#19)in this thread? Have you seen randomly generated candlestick patterns? They look like forex/stocks!!!!

Last edited by TraderABC : 27-08-2005 at 22:37.
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