Stick Fight — This is a good example of how one soldier (without rescue troops) would have to fight to survive in the FX battle. One epic battle. BabeFX. If your'e not in you can't win.

Technical Analysis Fallacy

Market Positioning — Looks like the market is setting itself up for the bank announcements tomorrow. Where next. Could we see 1.6000 or maybe 1.5330/5350 BabeFX. You can't win if your'e not in.

Jacko's Forex House of Pleasure and Pain

Managed Accounts — Jairo, Take care,there are sharks who operate out in the muddy FX waters who will gladly take your money & leave you in a worst situaton than you find yourself in at present. Reduce your lot size to a size that can't ...

Technical Analysis Fallacy

Paper Money by Adam Smith — At last after ordering "Paper Money" some 6 weeks ago it has finally arrived. I just hope it is as good a read as fti claimed. BabeFX.

Technical Analysis Fallacy

Screen shot — lilpip Are you still having problems taking a screen shot from your chart ? Is your charting package "Metatrader" ? If so I think I can show you. BabeFX.

Technical Analysis Fallacy

leighsww. If you take a closer look at the usd/jpy chart you will see there is already a clear break of support and also a break of the high of the last down candle,this happens at 17.40. Now take a look at both the eur & gbp charts you will see ...

Technical Analysis Fallacy

leighsww We have a slight problem here. If you check your charts against my charts there is a difference. You can clearly see that all three of my setups would have been profitable. However, I would have used usd/jpy as the trigger trade, and only ...

Technical Analysis Fallacy

Even Candles are indicators! — luSan. I was using this as a possible example of fti's use of the 3 kingdoms(my interpretation of his meaning). I must add that on reflection it was an over simplification of an example. Nothing is written in ...

Technical Analysis Fallacy

lilpip. Look at these 3 charts, in particular the vertical dotted lines (time stamped at 17.40). If you look carefully you will see that the usd/jpy is leading the turn around by one 5 min bar, both the eur/usd and the gbp/usd confirm their retrace ...

Technical Analysis Fallacy

One Kingdom or Three Kingdoms ? — When I first started trading currencies I followed a very successful trader. One of his favorite setups was following the 3 majors on 5min & 15min time frames. Now if 2 out of the 3 majors were moving Usd ...

Technical Analysis Fallacy

Leighsww. Spreadsheet looks good, you have come a long way in a short time. Regards, BabeFX I am wrong until the market proves me right.

Technical Analysis Fallacy

Doremi. If you follow luSans methods you wont go far wrong. Remember to confirm your direction of entry with a higher time frame & don't attempt a rescue until you see an about turn (reverse). AT this moment in time ( 08.05 GMT )I have just banked ...

Technical Analysis Fallacy

hendrix. Yes this would appear to be a real problem for the Euro zone, time will tell what the next move will be. Trouble is Trichet's MO is to keep inflation in check not stimulate the economy as Bernaucke is trying to do so I don't think we will ...

Jacko's Forex House of Pleasure and Pain

I find it easier to work out where to add positions on rescue but harder to know where to scale out. On pure attack I find it harder to add positions but some how easier to scale out. Doesn't make sense I know. I will ponder over this & the issue of ...

Technical Analysis Fallacy

fti Stop loss orders. — fti, re:Stop loss orders. Thanks, that was a good example of why we shouldn't use stoploss orders. I await your post on "Trailing Stops". Regards, BabeFX. I am wrong until the market proves me right.

Technical Analysis Fallacy

Mental fortitude — lusan, I see from your reply that you have the mental fortitude & MM to overcome all eventualities, I applaud you. Regards, BabeFX. I am wrong until the market proves me tight.

Technical Analysis Fallacy

lusan beware the curve ball ! — lusan, Perhaps the number one rule of trading is to cut your losses short and let your profits run. Those who can follow this simple rule tend to make large fortunes in the market. ....I guess we will never make ...

Technical Analysis Fallacy

fti Thank you. — fti I would like to thank you for all your efforts in educating & guiding us through the crocodile infested waters of the forex market. I find the hardest part of your technique to come to terms with is the removal of ...

Technical Analysis Fallacy

Another argument for $ cost averaging — You could argue that if we are carrying out a rescue, then we entered into the market at the wrong level to start with. The question I put to doubters is this - what is the right level to enter the ...

Technical Analysis Fallacy

leighsww, Be gentle with your whip. On a more serious note. Casual observers to this thread could easily interpret the rescue as a dangerous & possibly futile operation because they are perhaps assuming that we use our normal contract size to enter ...

Technical Analysis Fallacy