I demo traded for a few months while in college (had no money for an account) before trading live. By the time I had money to trade live, I had already read a few of the more famous trading books, including Van Tharp's "Trade Your Way to Financial ...

Let's Go Down Memory Lane, Your First Account You Ever Blew

The problem being that S/R is subjective, and I would guess (and put a high probability on that guess being correct) that a system like you've described, were it to be traded mechanically per the rules outlined above, would be whipsawed by too many ...

why have you accepted the price-predictability assumption?

Well for trading 4-5 months only, I think you're off to a great start (regardless of whether you've been successful yet). It sounds like you're attempting to understand the market itself and how it ebbs and flows instead of trying to fit it into ...

How do Elliott Waves work with Forex pairs

That's called wisdom and maturity. I like to talk trading, but honestly there's so little of actual value here and so much noise, it's like you can either participate in these shitfests or just hang back and not post at all. I've barely posted at ...

why have you accepted the price-predictability assumption?

I think we're on the same page. Quantifying the odds of what is often an intuitive thing (assuming discretionary trading here) is difficult without devoting yourself to it (instead of actually trading). I can't tell you any odds of my trades. I ...

why have you accepted the price-predictability assumption?

And yet, I can almost guarantee you that between multiple FX brokers of different calibers (from buckets to STP), their tick data will all show the same general patterns as actual legit CME futures tick data. I don't use tick data, just saying...

Does 'volume' of MT4 show the tick volume of the market?

I don't think this thread was ever intended as a trading thread, but a thread for discussion (hence why it's in TRADING DISCUSSION and not INTERACTIVE TRADING). I sincerely doubt the original intent was to have traders throwing up screenshots of ...

why have you accepted the price-predictability assumption?

In my opinion predictability and expectancy are the same thing when it comes to dynamic systems like the weather, or markets. You can't fully predict what the market will do, just like you can't fully predict what the weather will do. But on both ...

why have you accepted the price-predictability assumption?

Perhaps it begs the question of whether predictable wave cycles are even happening at that time fractal, or whether any waves you see at that stage are really just coincidence. The idea behind wave analysis is to put human behavior to paper, to ...

How do Elliott Waves work with Forex pairs

OK, that's fine, but why wait for someone to ask you? The thread is a discussion, not a place for you to post trades goading us into asking what your method is.

why have you accepted the price-predictability assumption?

Spamming the thread with your trades doesn't prove or disprove anything about predicting the markets. It's just noise. I'm honestly not sure what you expected? I can make a prediction on who will win the Super Bowl, what the high temperature in ...

why have you accepted the price-predictability assumption?

Ignore the eventual outcome (hard to compare because unlike stocks which will be delisted at a certain point, currencies can be constantly devalued further-- e.g. the Zimbabwean dollar). I like Elliot wave, but I think focusing on getting wave ...

How do Elliott Waves work with Forex pairs

Yup, and expansionary ranges are constantly occurring and provide for multiple profit opportunities, as opposed to contracting ranges which are also constantly occurring, but are shrinking the profit opportunity with each subsequent wave (and also ...

How banks push price against you?

The same reason stocks go up: irrational demand for the asset in question. It doesn't matter what the underlying economics between the two countries are. If demand swamps supply, price goes up. The only substantive difference is that bubbles in ...

why have you accepted the price-predictability assumption?

Think through this logically. (1) If you know where the stops are likely to be placed... (2) and you know those areas are going to be hunted... then continuing to place your market position in the same spots, only with wider stops, means you'll have ...

How banks push price against you?

That's nonsense, Proximus. Bubbles occur in FX markets just like any other market, and bubbles are driven by irrational emotional behavior, not "pure" economics. In July 2008, the EURUSD was at 1.60. By October 2008, only four months later, the ...

why have you accepted the price-predictability assumption?

If stop-loss hunting (in the sense that you are speaking) is so obvious and happens to so many people, why not build your strategy explicitly around trading it? It's the perfect trade, no? A volatile move pushing price against the larger trend, ...

How banks push price against you?

Heh. The TLDR of my TLDR is: EMH is an outdated academic theory from the 70s that, while initially very popular, quickly lost favor among actual market participants in the real world, and has slowly been dismantled by newer theories from the 90s and ...

why have you accepted the price-predictability assumption?

For a solid take-down of EMH, see Robert Shiller, "From Efficient Markets to Behavioral Finance" in the Journal of Economic Perspectives (2003). Here's the TLDR summary for those who don't want to read it (it's only about 25 pages): efficient ...

why have you accepted the price-predictability assumption?

Even if you knew the numbers 100% beforehand, that doesn't guarantee anything. Hell, stocks jumped on the poor NFP numbers this morning, and virtually every article I read was suggesting that stocks jumped because a dismal jobs number means more ...

why have you accepted the price-predictability assumption?