The proportion was used in classical architecture (and modern too). It can be found all over the place. The weird thing is that it cannot be found in market prices. Missing by 1,2 or half a pip doesn't count. Again, I'm not saying retracement ...

Why 61.8%?

Its a huge slab of BS. I mean people talk about 50% fib' retracements. Good luck deriving 0.5 from the fib progression. LOLZ. You may have noticed that is why 5,8,13,21,34,55 etc period moving averages are popular. I find it funny that some ...

Why 61.8%?

Still a lOOOOOOng way off pro gambler status. Don't even desrerve ordinary gambler staus ! I thought pros would be more likely to go with CFDs.

james16 Chart Thread

I notice GFT UK is claiming 0.5 spread on the S&P, and 1 pip (variable) on EUR/USD. Might give them a try. I have an account with IBFX at the moment, the spreads are LOL and the range of instuments is equally LOL, so a change might be imminent ...

james16 Chart Thread

I think you're kidding yourself tbh. Even if you take 100 pips average per trade a 2 pips spread is, well 2%, LOL. That's BIG. Most people think 50 pips is a swing trade, so they're fooked from the get go imo. edit: If you're talking about IG index ...

james16 Chart Thread

Care to mention who you use? I've looked into a couple of spread betting acc's but the spreads look poor, on spot forex at least. Also do any of them allow you to plugin MT4 or Ninja? (That would be freakin sweet).

james16 Chart Thread

Care to elaborate? IMO timeframes are indistinguishable*, just that trading costs grow to be a too large proportion of targets. Most good methods look at more than 1 TF for charting I think. (Or zoom out considerably on a smaller chart). *I would ...

james16 Chart Thread

Win rate silly! Win rate x R:R = EV.

james16 Chart Thread

Here ya go. The trade isn't performing. (Back underwater after being up 25pips) edit: And that last Dan Gilbert post is putting me off even more.

james16 Chart Thread

Aussie Short — I've entered the AU short like this, the current candle doesn't look good, but at least it's testing the waters to the downside. I'd be interested to know how others in this see the first target areas, (they're 4 hourly high ...

james16 Chart Thread

Anyone like this setup? — (Although price is rallying fast on the hourly as I type)

james16 Chart Thread

Me so clever!!!

james16 Chart Thread

I diagree that this is the way to make big bucks. The wider the stop required then the less size, relative to your account, is on the trade. Why not use your sector analysis in conjunction wiht candlesticking and PA setups? Then we'd be mashing 100% ...

james16 Chart Thread

Yep, was UK lunch timeish

EURUSD

Wrong. I've tried that and it doesn't work.

james16 Chart Thread

Thats really the 64 gallion dollar question isnt it. The conundrum of where to take profit is the same as where to place a stop, in reverse, and equally important.

james16 Chart Thread

Triggerju, I agree with some of what you're saying, but consistent 5% per month returns will should investor capital in spades, even if you haven't the funds yourself. (And I'm not saying that's easy, just that it looks quite possible) If you can ...

james16 Chart Thread

How dya know which will outperform the index?

james16 Chart Thread

6E

EURUSD

I know that. I'm just glad the UK managed to at least stay out of the single currency. It's just a shame we've got everything else from the legislation to the cocked up centralized policy making.

EURUSD