Whatever that helps you to keep focused and concentrate. Lately I've been painting these with charts going on and this video on the background. I try not to do anything else when I'm in a trade. Anything with lyrics or sentimental melodies don't ...

The Trader's Academy - by Traders for Traders

I wanted to get a short in early Asia (I couldn't, I'm on demo so no big deal) I was looking at 1.4168 for a short you were obviously entering from a different TF than mine anyhow you got a good deal 1.4175! it sure is showing some signs of reversal ...

EUR/AUD

I think that can be done but I don't know anything beyond that. I was with Oanda for over a year, then a few months on a demo. On a side note if you care Oanda doesn't give a %$^ about their demo clients. The time that I was with Oanda on demo, I ...

OANDA Discussion

which TF do you all use for your entry ? surprised to see similar views. 10min for me. but I do multi chart analysis. diversion on 30min. I wouldn't want to do anything prior ECB press conference but we might get a buy signal in a few hours when NY ...

EUR/AUD

Its been practically idle during Asia and early London well at least according to my analysis, I haven't seen any pattern formation for a go just yet. My bias remains up for now. But its good to remember we're heavily down upon pretty much all TFs ...

EUR/AUD

You bring up a good point. Risk to reward ratio is essential. In the long run even if your winning trades are about 50% if your risk to reward ratio is 1:1 you'll end up breakeven at best. I trade EURAUD because its less chaotic and somewhat ...

The Trader's Academy - by Traders for Traders

It's more than enough. Can't be more generous than that. I would have added a trend line. Think there was an apex formation along with the trend line. For me that was the go signal. Again have seen it work many times. I don't expect to be spoon fed. ...

The Trader's Academy - by Traders for Traders

Happy new year ! Cat Great motivational video to start the new day of the year. As for your post on DAX on pointing reversals. If there wasn't a divergence I wouldn't have been able to tell the difference <see the circled areas> between the candles ...

The Trader's Academy - by Traders for Traders

Can't agree more ! You have to stick with it through the ups and downs (downs will outnumber the ups in first few years). But seeing traders like yourself keep me going whatever struggles I may be facing. If you have to take a break, go on but keep ...

$10,000 Profit a Month Personal Challenge

Yeah looks like a short still. Diversions on 30mins is not to be taken lightly.

EUR/AUD

The level you have there is holding beautifully but I have a feeling its going to break loose. I see a long setup now on 10sec chart not sure if I would have taken that its been happening many times so the probability of this holding is low ...

EUR/AUD

What a day its been. EURAUD has been ranging back and forth since 5AM GMT. My inclination first thing as I viewed the 5minute chart was to go short, as there was a diversion forming. The day could have been well spent to buy at the bottom and sell ...

EUR/AUD

Thumbs up ! Re quote

At What Point Do You Give Up On Forex

Trading without a stop loss unless you know what you're doing which isn't exactly easy for most of us is a sure way to finish first

Trading Without a StopLoss

All I've got is my macbook air. I shuffle between TFs on one screen. It can be a hassle and only now I do realise the necessity of multiple screens. But I'm not full time (just yet) so I also don't feel the need and the bank to go get two screen for ...

Smart TV for trading

I can't tell for certainty that when I get out the price would revert back against me washing away all my profit or the other way around. But there's a way to tell beforehand. But know that its never for sure. Say you sold at the first arrow but ...

On Take Profit

Hi Cat, Are you trading DAX today at all ? I was following Asian session it was all red. Risk off. DAX dropped 400points right at the open. If you're trading today I'd be interested to see the screenshot of your trades. Although volatility could ...

The Trader's Academy - by Traders for Traders

you hit the nail on the head ! absolutely !

Can anyone become a trader?

I can't agree more to everything you've outlined here. You obviously have more experience than I do. I am in the process of realising the importance of method in trading. But sometimes you need someone else to tell you what is right and what is ...

Can anyone become a trader?