I missed this one last evening. That close in the gap with rejection and another close/open in the gap was a correct signal for me - but I'm still not used trading continuations in forex...TP should be at the top of that grey line on the north which ...

Price action and pattern trading

all good ML We will see - I'm not in a state where I could watch my positions(s) more than 10 working days since I base my trades on daily chart patterns solely - and I try to take the swings (for example I opened short at Dec 31 at 2063) and ...

Is hedging a dumb idea

I also thought S&P would tank when it was 1400. Then I thought it would tank when it was 1700. Then I thought it would tank when it was 2000, 100%. Then I thought it would tank when it was 2100. So you think something will happen - and you trade ...

Is hedging a dumb idea

No SL = not worth reading. (ESPECIALLY ON SHORTER TIME FRAMES) (ESPECIALLY ON FOREX). If God himself (for those that believe in God) would tell me: "Behold DemoAntares, tomorrow USD/CAD will fall 400 pips - take your short position NOW" - I would ...

my grail system

Seems viable - along with a nice tight stop loss - I think I'll go for it as soon as pattern occurs in daily. (was thinking the same although profit target differs a bit). GL

Price action and pattern trading

The larger the difference between "upper" and "lower" resolution number (i.e. 3440 vs 1442), the larger the difference between width and "height" of the screen - in general. In other words, some screens look more like typical 2:1 rectangles, while ...

Wide Screen monitors - Quick question for those in the know

That's the only "noise" worth listening (and watching )

Fibonacci - requesting learning materials

That's an extensive subject, and one can either go with the "go with 50% - the golden middle", or break it down to all retracements, whether circular or linear etc...And by doing that, you will definitely want to learn Elliot + Gann studies for that ...

Fibonacci - requesting learning materials

There's nothing that indicates a decline in USD/CAD, especially close above the last week's consolidation - 1.60 is the profit target for those who are willing to wait - I've been monitoring it daily, and there's no a reversal signal yet on my daily ...

Price action and pattern trading

Excellent post! People should start listening/reading Mark Douglas - and stop reading/listening "the hateful 95%".

Is Forex trading worth it? If so, why?

I couldn't tell - that's why I don't trade ranges - I was trying to do it on russells 2000 components for a long time, but statistically I traded too few of those in order to make a "trustworthy statistics"...I do enjoy finding reversals in forex ...

I'm quiting trading but can someone elighten me on this?

By "looking" at them, and especially if you're trading a system which doesn't bring you consistent profits for a desired amount of time - will cause you to create your own directions of the market based on what you see them (Bloomberg) write... ...

Bloomberg Currency Survey

This "would" be my point of view and analysis - would is under quotation marks because it's easy to be a general after the battle - but to show how I think. I could write additional 1/2 page of text for every potential entry and why I would/wouldn't ...

I'm quiting trading but can someone elighten me on this?

Excellent entry at that engulfing after support held - I'd definitely trail it to allow for that resistance to be reached at 2.25. Also the best piece of advice

I'm quiting trading but can someone elighten me on this?

That is the exact mindset a trader needs to move off in order to become consistently profitable - meaning each trade is alike, with similar stop loss sizes (in pips), similar profits (in pips) - and even if it is 50-50 - P/L ratio, if positive, will ...

I'm quiting trading but can someone elighten me on this?

If I ever decide to go into academic waters (will master business economy) in, hopefully, 2 years - if I get the opportunity to teach students about trading or TA or similar - I will want a special subject called "psychology of trading" and the main ...

I'm quiting trading but can someone elighten me on this?

No offense to me or others but only post that hits the core in an extensive manner is Copernicus' post - so there's your answer Crimson. You need to get away from that mindset as to where you think market(s) will go in a given time frame, and if ...

I'm quiting trading but can someone elighten me on this?

I also heard there was a guy named Nostradamus who predicted "Napolaon" and "Histler" - do you understand this question?

Bloomberg Currency Survey