EURUSD — reversal pattern on the daily chart? Great rally today, I hope everyone got a lot of pips

Technical Analysis Fallacy

Feels like the green money is heading for it's worst value so far. And it seems that Fed and the rest of the central banks don't mind that at this point. I can understand Fed (well, all that debt needs to be paid at one point or another, so it ...

Technical Analysis Fallacy

Hi guys, @pax - they way I keep an eye on the larger picture is actually through the 3 kingdoms screen FTI showed early in the thread - the three majors with their 5M, 1H and Day charts in rows on one screen. Once I choose where I want to place a ...

TAF Based Trade Discussions

Price action, modern techical analysis, fundamental analysis, news trading, quant trading, etc, etc ... all rubish - there's no ultimate trading method. It's the trader who makes it work for him. Or not.

Price Action Trading

Hi GEfx, congrats on the great trade Do you use a fixed SL/TP ratio or is it according to the market conditions? Cheers

TAF Based Trade Discussions

Job limit — well I do go down to 1M chart every now and then - it all depends on the market conditions. Sometimes market feels so clearly structured that I go to 1M and manage the battle from there seeking to catch as much as I can. This is ...

TAF Based Trade Discussions

Hi Pax, I closed the trades with a good profit not much after I posted my chart - had to go to work . On the other hand it accindetally happened to be good timing as I see now that the cable had made a reversal. The EUR did quite a rally today, ...

TAF Based Trade Discussions

Hi Pax, I closed the trades with a good profit not much after I posted my chart - had to go to work . On the other hand it accindetally happened to be good timing as I see now that the cable had made a reversal. The EUR did quite a rally today, ...

TAF Based Trade Discussions

today's action — Hi guys, there's a nice impulse during to London session today. I already made a couple of trades. Here's the second setup on cable -it's still on as I'm writing this. Numbers indicate the "order of appearance". Let's see ...

TAF Based Trade Discussions

Jim Rogers' view on markets today — Here's something interesting from the old school. Worth having a look in my humble opinion url

Technical Analysis Fallacy

Morning chaps Good to see this new thread gaining momentum G/U - deployed scout @63738 looking south. Let's make some money, shall we ? Best of luck and lots of pips during the week to all of you! Cheers

TAF Based Trade Discussions

I second Dave. Indicators are not the work of the devil, as some try to explain, however 99% of them are lagging by their nature. One should also keep in mind that relying on them may create rigid thinking and some dangerous assumption based on what ...

Price Action Trading

I second pax here as I have more or less the same problem - lack of time is a major issue for me as trading is not my main business (unfortunately not yet). So normally I try to stay very nimble and make only short attacks, not much different from ...

Technical Analysis Fallacy

Morning people Good to see fti still finding some time for the thread. The exponential function videos blow your mind - so simple and still people refuse to believe. I love it how Jim Rogers never wears a necktie And I enjoy even more the way ...

Technical Analysis Fallacy

@ mah - I'm looking at the yen girl too - we'll know shortly - it's tasting the last peak right now. @pete - careful with those topping formations - it's an often case when those obvious formations turn into traps. I second maheswara on this - stay ...

Technical Analysis Fallacy

Morning chaps! The pound seems to be finally synchronizing its movement with the EUR raising a voice against the dollar. I wonder what the London boys will have to say about that. There are no major news today plus it's Friday so this might simply ...

Technical Analysis Fallacy

Couldn't agree more

Technical Analysis Fallacy

I have a weird feeling about this. Something in my gut whispers this will turn into a bull trap.

Technical Analysis Fallacy

The pound felt quite bearish to me in the morning, good thing I managed to get out with minimum damage. I will need some fresh air after the battle today. Or maybe not - there's a real storm going on outside - when did that happen ?!

Technical Analysis Fallacy

Point taken there - do not trade before finishing your morning coffee Good thing I waited for the news to pass. Aussie...haven't looked at that for a while. The euro went crazy with the news, it's gonna wipe a lot of newbie stops...

Technical Analysis Fallacy