I certainly did not mean to confuse anyone. I'm saying stay with the flow if you don't have the confidence to trade counter-trend yet. If there is a clear daily direction and a strong trend, instead of looking for it to end, you may be better off ...

No Brainer Trades

Every trade results in a loss eh? Sounds like a wonderful problem to have. You're only one epiphany away from a perfect system. Sounds to me that watching support and resistance has got you thinking every level is going to result in a reversal. ...

No Brainer Trades

Stop making the shit trades would be a good start. Look at your stats and examine if your greed or fear is effecting your performance. If trades are reversing back on you often and eating away your profits then consider taking profits out earlier. ...

How do u control your emotion???

You really should check out babypips mate. You have a lot to learn. There is no time limit on trades (with a forex broker, there are with financial fixed odds spread betting), except for the fat lady that sings when your account gets margined ...

3 grand to 6 grand

50% of people are of below average intelligence. If you're stupid you can't expect to be successful. The majority of people are impatient. Impatient people do not give it the time or energy to develop the skills to be successful. A large proportion ...

95% failure rate?

Gann said it was time that was the most important factor, not price. Sloping trendlines and different manifestations of these predictive support and resistance lines can do an excellent job. I guess this could be explained by people discounting ...

No Brainer Trades

Nice idea Jami, you seem to have a good handle on those forks (trade is going good so far too). There is a great thread here at FF that we should resurrect and stoke up some more interest in them.

No Brainer Trades

I like it, I like it a lot. Just keep an eye on price action in this region - there may well be some support in the form of this pitchfork lower parallel. I reckon we'll drop out of it and head to the red dashed line below to retest that, which ...

No Brainer Trades

USDCAD is the hot hand so far today (weakest Vs strongest), so looking for breakout entries at these levels below price, and looking to fade retracements to the areas marked out above price. No guarantees we'll see price action from any one or ...

No Brainer Trades

Wash your mouth out Walt! Stochasitcs, RSI, Bollinger - dirty words around here. Forget about those, price action is a much better indicator, they'll get you in late and still tell you to go long when you're about to hit the mother of all ...

No Brainer Trades

Sounds like you got killed because you were risking too much of your account. Nothing is guaranteed in this world. How come you weren't prepared for the loss? Does the responsibility lie with USDJPY which 'didn't do what it was supposed to' or was ...

Information Assimilation

When the resistance broke I was looking for any excuse to get in to be honest, but wanted to risk as little as possible. My breakout plan was either to enter long on the break of the high left following a pullback (this keeps you out of false ...

No Brainer Trades

About as good an example of the the break and retest 'kiss of death' as I have seen, compounded with the the three tests and a break Gann principle that we spoke on earlier. You may see a level getting rejected more than three times, it is not ...

No Brainer Trades

It was Gann's observation that often an area of support/resistance would be tested three times and then break on the fourth attempt. The guy was a bit of legend so I am not going to argue with him. If a level is challenged three times and rejected ...

No Brainer Trades

What he's saying is you look for clues in the equity markets for turning points. The equity markets generally have a positive correlation with JPY crosses (ie, if equities plunge, carry trade loans in JPY need to be paid back so demand for JPY ...

No Brainer Trades

Being perfectly hedged is the same as being flat in the market. If you have $10k in the bank (wahey!), but owe $10k (aah, boo!), how much do you really have? 0. I'm afraid you are just going to have to grow a pair and eat the loss. Setting another ...

AUD/USD Pls help me get out of this hedging MESS !!!

Limit orders tend to be clustered where price has consolidated or pivoted before. If there is enough volume in these fade orders to consume the orders that brought it to that place then price will bounce. Stop orders tend be clustered beyond where ...

Do you believe in Support and Resistance?

I'd recommend keeping your reading to a limited number of books rather than employing the scatter-gun approach of learning little bits of everything. When you first start out you don't know what you need to know, because you don't know it yet. ...

Forex Books you would Recommend

Yes it can. A bubble burst. It just happened to be a very big one. Greed blew the bubble up (banks being leveraged as much as 67 times what they actually were worth). Fear and reality burst it. Capitalism is still the way forward, but society needs ...

Nicholas Sarkozy could be the end of Forex

Possible floor? This Major pitchfork has been respected a number of times accurately and has described the incredible fall in GJ remarkably well. When I drew this fork I dismissed it even reaching the median line as it was so steep, and now we're at ...

Auslanco - GBP/JPY and GBP/USD (newstrade)