I am a person with a strong "sixth sense" so I know exactly what you mean. Imho it's all about one's personal balance - to find your correct mixture of gut feeling, general market emotions (greed and fear), rational mind. No rule is written in ...

Technical Analysis Fallacy

My humble piece of advice - study who and what moves the market. Then find a way to exploit it. Your mind should be your edge. Rgrds

New home sales, whats going on EUR/USD?

Here's an interesting read on capital markets. url It does cover in a way with my own opinion on what's going on with the stock/commodities markets. EUR jumped back in retracement, anyone riding?

Technical Analysis Fallacy

EWP — I had similar experience with EW back in time, lol. Spent quite some time studding and implementing it only to find it not sufficient enough to handle FX. Those strict rules of the modern Elliott Wave Principle get slaughtered when the ...

Technical Analysis Fallacy

Greece PM announced it - they are asking for the aid package to be activated. Seat belts on. Waiting on Germany now.

Technical Analysis Fallacy

On the sideline myself... something in the gut stopped me from exploiting that push. Price is hitting some stronger resistance now, lets see how's that for a test. @1234 true there, LOL

Technical Analysis Fallacy

Rumor has it Greece might activate the rescue package today. If that happens it gonna get ugly, stay sharp guys. Anyone riding the impulse up this morning?

Technical Analysis Fallacy

Cyrus, I just read your last 2 posts - you made my morning mate Cheers

Technical Analysis Fallacy

@aiyahmarklah - yes, that's what I meant in general even tho I wouldn't use the word "advanced". @Gro - That's basically a way to describe momentum and floating s/r, it does make sense to me now, thanks. It's been a VERY long day, thank you for your ...

Technical Analysis Fallacy

@aiyahmarklah - that wasn't my point, however I do agree with you. @Gro - I'm looking at your chart and I can't see how that can be used while things are happening. I mean in real time there's no way for you to judge dead right that a specific price ...

Technical Analysis Fallacy

The rescue? From what I see on Fana's chart it's an attempt to catch the falling knife while it's still in the air. Problem is fti's teachings are like a dagger in the hands of a child - start playing with it recklessly and you will end up with your ...

Technical Analysis Fallacy

Fana, My 0,0002. You missed the first setup blinded by something that you decided, rather than watching what the chart is telling you. That's the upper circle. Second circle is where your rescue attempt should've started - where there's some ...

Technical Analysis Fallacy

Yes and No. Problem is "too much" is relative in a business where the bottom line is make as much money as possible. Which means we are all greedy. I am greedy. Come to the dark side. We have cookies.

The 5 Steps to becoming a trader

Great stuff there mate, well done

Technical Analysis Fallacy

I guess I articulated badly, sorry. I was actually referring to what the author of the thread was asking in the first place - how do you manage your positions' risk/reward ratio, meaning how do you manage your pain threshold (SL) and choose your ...

The REAL reason why nearly every trader fails. Can you solve this trading dilemma?

Hey MaMood, I absolutely get where you're coming from. The stress from my daily activities is something I am still learning to control. Emotions are never rational and they do intervene in our activities in a way that we can't always fully ...

Technical Analysis Fallacy

Van Tharp is not a trader - he's just another boffin selling books. There is some good stuff in his books but I wouldn't pay too much attention to it, especially having in mind that he usually refers to stocks - I always get the feeling that OTC ...

The REAL reason why nearly every trader fails. Can you solve this trading dilemma?

Yep, I absolutely agree that trading intraday can't rely on such sort of info. However I do keep my eyes open on the large picture, always staying in the info loop. By the way there seems to be a new wave of "anti-banks" mood gaining momentum after ...

Technical Analysis Fallacy

Here's an interesting read on the PIIGS (the abbreviation simply can't get any better ) situation in Europe with some interesting facts and aspects. url Borrowing from Mahes again is this a fishy smelling situation or is it just my nose playing ...

Technical Analysis Fallacy

Hey MyTbo, I love the attitude, keep up the good work! The only way is to trade your way to being successful, no holy grails and no rigid thinking in this business By the way the 50 pips range is a bit rigid - in my opinion what should be setting ...

Technical Analysis Fallacy