The first step would be 1.1, which is where I would be B/E, then move after 1.08 to just above 1.1....

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Series 3 - License to trade Commods in the US 34 is Forex 7 is stocks. You need these to trade other people's money. CFDs are speculating on the difference in pricing of stocks, etc.......like Forex - unless you are dealing with the actual interbank ...

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Yeah probably. It happens, no harm....no foul.

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WOO HOO! Just broke the 300,000 mark!

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I got this message from someone today. I thought I would share my thoughts, as this could be a serious issue for this, and some other people. Here is the message, with my responses in purple: "Hey Chris just curious... Ive recently been given the ...

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Nothing in forex at the moment. I have a few stock trades..... Long UNG, Sold some puts there as well ($12 Oct.) - and sold some puts on CVX today, it's already working out. Watching AAPL at the moment. Thinking of selling puts there as well. CW

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I think some of that is oil-related. A noisy day in general.

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Once it broke through, I would move to b/e, it doesn't necessarily have to close over it. (Just how I do it.) CW

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This is a book that often quoted. However, even if there is a lot of good info in there - I find it's also a little on the overkill side for me. I prefer simplicity. I didn't fool around with "expectancy" and such things.....I was always a little ...

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Since it's with the trend, I would let it go to try and take out 1.08....the next "cluster" of bars. If it doesn't take it out - it's not a real move.

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Truthfully, I have only read "Price Patterns"..... and yes, Reminiscences is a great book. I also recommend Booker's Adventures of a Currency Trader. (A modern version of the Rem.) I see that up the list a few posts, whitegoodman has opened up a ...

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Yeah thanks. This is true though.....technicals seem to anticipate news at times. (Please insert conspiracy theory here.) Actually, it has to do with which way the market wants to lean in the first place, it just needs a "nudge". You could say ...

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I'll be even happier when this thing gets above $16. Of course, I have sold puts at the $12 mark as well.....so it's working out well enough I suppose. But $15.50-$16 is important. (From memory) CW

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Yeah, I think we have a winner here. If you can package it in an EA for Metatrader, something with a nice alarm function? LOL

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Actually, this chart doesn't look too bad..... I like the blue area, if we get a short signal. (Price Action) Somewhere on this thread is a link to Martin Pring's writings, it's great for price action......(Pinbars, Bullish Outside Bars, etc.) CW

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Here's the thing: DO NOT GET TOO EXCITED ABOUT FIB'S. They are basically like beauty, in the eye of the beholder. They are at best a secondary confirmation signal to take a trade. Just like everything else in life, the more naked you are ...

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To be honest, it looks like an area of interest....but not a major area. (I cannot verify either way my broker does not carry this pair......sorry.) CW

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Did another babble-piece on the blog today about time. CW

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Truth be known......Technical Analysis in general is laughed at by most traders on Wall Street. You hear "fundamentals", etc.... The truth is this: If they are all buying, then don't sell. Go WITH the flow, period.....

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Something that I noticed today..... My UNG trade is still sitting there. I heard tomorrow is some kind of Nat. Gas report. I am betting that it will finally move. I THINK I know which way, but oddly enough, the market is expecting "bearish numbers". ...

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