who is buying this?

EURUSD

hey Mike, 2 triangles on usd/jpy today confluence rules

EURUSD

wait for the bounce at 1.3450 — then sell

EURUSD

hey malc, can you elaborate more on this system? You know we love your charts. thx

Trade Using VSA (Volume Spread Analysis)

lol

EURUSD

cool. I'm short from 1.3431 (S1) what's your target gator?

EURUSD

on shorts? =D

EURUSD

guess you're right... — looks AWSOME on theory.

EURUSD

man...I think you've found the holy grail — I wonder how nobody EVER thought of this, of course, it's so simple, how can it possibly not work? *sarcasm* oh, wait, they did. It's called martingale, and no it doesn't work.

EURUSD

the thing is... — you never know for sure when you have a bottom/top, it's all POTENTIAL suport/resistance I've being seing you call MANY bottoms since december non-stop...caught any? it's quite a drawdown from 1.51 (not saying your are still ...

EURUSD

dude, please. — so by your flawless logic if you took a sell on eur/usd on february 17th 2002 when price was 0.8757... would you still be holding the trade waiting for it to come back...ahm...for 8 YEARS? seriously.

EURUSD

I agree — I never said it wasn't. BUT the fact is that MOST traders are not even near of having a high hitrate system (long term consistently) and also have very bad RRR, just look how many people here have 30~50~100 pips SL and their target ...

EURUSD

true. but I will keep myself VERY realistic that no system here, or even no trader here is right 90% of time one of the BEST traders I know (I guess he'll know I'm talking about him) has solid performance for a long time and his hitrate is around ...

EURUSD

well, lucky day indeed, but what will happen when you have 3 losers in a row? Yes, they will happen, even if your system has 90% hitrate....then what, you'll have to win 10~15 trades in a row just to get breakeven again... add to that the ...

EURUSD

that's why it will fail long term — don't trade with that kind of RRR, it's just not worth it think about it, if you're gambling in horse races, or any other stuff like that would you bet $100 to get only $20~30 if you're right? REALLY?

EURUSD

image

EURUSD

lol — image

EURUSD

eyes on 1.3483 — it's the 61% fib of the 2009 upmove

EURUSD

what a day... euro never made it through the 38% fib of yesterday's down move, couldn't even get to touch the pivot point around .3645 well, that usually means = WEAKNESS/SELL I hope some guys here took that lovely trade on GU...bounce off PP...look ...

EURUSD

Kinda. I must say that the core of my trading these days has been VSA and pivots but I still use THV as a good confirmation on those beautiful days when we trend strong...not so much the case lately lol I also like the trix for divergences at S&R. ...

EURUSD