Isn't the next bar after London closes? It's a Tuesday and we didn't make much headway. I don't expect NY to start pushing any reversals/pullbacks so late in the day without any news and NFP on Friday. I expect another test of the upper side of the ...

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Not always. You just need to have a very good idea of when and where it's going to be leaving the station and be there at the right time and at the right place to hop on... after it's done re-fueling of course. Otherwise; you might find yourself ...

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Smaller timeframes just mean less significant support/resistance. The longer a trade lingers at a support/resistance the greater the chances of it breaking through the S/R line. On the 1M and 5M chart it may crack a line within minutes or a few ...

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I wonder when it ends. Should've just held my longs from months ago; could've retired.

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Agreed. But it can be helpful for identifying their methodology and useful as an abstract indicator.

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You can find most of A here; if you know what to look for. You can find most of T in the market; if you watch it closely enough. You can find all of M in time; if you keep trying long enough to realize what you've been doing wrong. A is useful for ...

5 years and still no strategy

I base my trading on others. I take from their ideas to build on my own understanding; both the good ideas and the bad ones so that I can assimilate, incorporate, and adapt. It's the only way to figure out what you're doing wrong and with Forex ...

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Nah, I don't fear the losses. I learn from 'em. I kick myself in the ass and get frustrated when I make silly mistakes and know I should've done better but I don't worry about whether a trade ends up profitable or not. Just stare at enough losing ...

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-Shrug- I've often traded pure technicals with 90% of the account and no stop-loss. You just have to be very precise . And patient... definitely patient.

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It's only scary if you're trying to predict the future. Fundamentally; sure, it's an uncertain situation. Technically; it's all the same. A strictly fundamental trader relies on knowing what the future holds. A strictly technical trader doesn't ...

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Trading the pound without a stoploss isn't really any more insane than trading any other pair. People just like the pound because the spread is low in relation to the movements. If you're sizing your trades to the currency's volatility then it's all ...

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You haven't been here I guess to watch this pair rocket up 10% practically nonstop for 3 months. Any short seller at the beginning is either in excruciating pain right now or dead. To say it will always go back up at some point is incorrect. With ...

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Get a top 4th strategy :-D. I enjoy analyzing. As for higher risk and lower return... not exactly. The risk is low because the trades are smaller so there's more than enough that becomes available as other trades get freed up to recover any lost ...

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Close of Tokyo. Didn't have much momentum though so I'm guessing we're leaning southward. I also didn't watch it happen so it might've just been German data.

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-Shrug- 2 pairs. I just started trading every pair. So far it's working quite well; I don't have to be quite so patient.

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Every trader has their own objectives... Some want to get rich and others enjoy playing the game. Usually; the ones to get rich are the ones that enjoy playing not the ones that aim for a certain return. But if you want to start by aiming for a ...

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Depends how many brokers you're using and how many pairs you're trading.

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FXViper only nets around 10-20% a month(although he manages MAMMs so I'm unsure of his slippage and lag-time). He usually doesn't lose money so he's better than most but he isn't particularly impressive. Anyone can do that by focusing on one pair ...

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Bearish break. Let's see how it goes.

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I was being serious. I'm martingale/fading the range with hard reverse-stops at the boundaries. I'm literally prepared to be wrong (when it finally happens). Basically, milking it until I'm squeezed out between the boundaries and my own martingale ...

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