bucket shops always act as if up against the wall - mine slipped me on several occasions today. I spoke to a client of mine in California last night - she was explaining that it's a small nightmare over there claiming to have about 20% ...

Technical Analysis Fallacy

Very slow day - banked some on E$ and the Yen girl, but still, after yesterday it all feels like barely moving... No CB interventions, no fun? P.S. I should complain more often - market went wild again

Technical Analysis Fallacy

Market went wild again. Took a lot of nerves and serious reflex. Hope no one got hurt. Stay sharp.

Technical Analysis Fallacy

What's the matter with the $ ?!? — Just got some time to look at the charts from the office and... WTF?! ... I see a lot of blood on the chart. No news anywhere... I wonder whose hand is pressing the button that hard..

Technical Analysis Fallacy

Euro bulls are back in business. Feels like they are going to stay for a while, especially on the H1. Stay nimble. Finished trading for today, gotta go to the office now

Technical Analysis Fallacy

This is where you need to draw the line between gambling and forex. Or you will never stop gambling. Take a minute to think about it P.S. Hubawo e da sreshtna oshte edin bylgarin naokolo

Technical Analysis Fallacy

Made it out with a sweet profit thanks to a well placed rescue. And paid a lot of nerves before that. Done for today, not enough time to trade the unemployment. We have G7 tomorrow - should be interesting next week. Have a nice weekend guys

Technical Analysis Fallacy

got caught in the middle by the Swiss ^&e#!@ ... Bugger!

Technical Analysis Fallacy

After reading it - NO. This is not a textbook. It is the screen time and practice that makes the difference. Auxesis made a very good point above. Also, the thread may show you the path, but it won't walk it for you. 95% of "traders" fail because ...

Technical Analysis Fallacy

A friend of mine who trades a strategy based on the daily ranges showed me this interesting statistics that this week we had the smallest average daily ranges in all dollar pairs since 1999. That's some interesting timing, should we look from the ...

Technical Analysis Fallacy

Today is definitely a day for music, rather than trading. For those still trading here's something from me to chill the nerves. http://www.youtube.com/watch?v=VByvhDdTgsE

Technical Analysis Fallacy

Another rubbish London session. I hope the risk aversion period is over soon or I will be calling it a week.

Technical Analysis Fallacy

Maybe it's just me, but market feels very much like last week - London's gonna be a dull place again. I hope it's just the Monday effect. With the 1.3800 level that close this might be another ranging week.

Technical Analysis Fallacy

Couldn't agree more. I was struggling with the inner cycles myself, but the overall action was clear. I would even add that London was not really buying but simply keeping the job. Too bad I'm forced to trade London session. Ugly week. Good thing I ...

Technical Analysis Fallacy

The level felt strong enough (look at 1H) for the correction to end and the trend to resume. So there went my scout. Possible rescue was scheduled for 1.40. Just deployed level 2 attack at 3955. There's a lot of stop-hunting today. Good thing EU ...

Technical Analysis Fallacy

Considering the week we had - slow is actually good Less is more.

Technical Analysis Fallacy

Morning lads shorted e$ at 1.39744 looking for a quick action. Bernanke survived - anyone surprised? Stay sharp, charts are still very choppy.

Technical Analysis Fallacy

Squared out a few moments ago with the second rescue bringing me at break even. Market feels very weird, at least to me. I guess it's the large number of additional fundamental factors (Obama, Bernanke, Davos) bringing uncertainty. If it keeps that ...

Technical Analysis Fallacy

still a bit quieter then usual on the E$, maybe it's simply London boys finishing their coffees... Placed a long scout while I'm finishing mine. 1.40 should be a good rescue zone should things go wrong. Clever trading and lots of pips to everyone. ...

Technical Analysis Fallacy

Looks like asian session is the better place to be lately. I was warming my lunch and missed the level to exit, so I'm hanging waiting for my longs to come back in the game again... or to deploy a rescue. Can't see the range coming to an end any ...

Technical Analysis Fallacy