Excellent piece of advice.

I fail again and again and bite the dust

Fibonaccis are central to the markets rejections, but not in ways that many think. I haven't the time, ability nor space to explain, but this much I would say, chart time is the only antedote. There are no short cuts.

I fail again and again and bite the dust

Greed is largely driven by an incomplete understanding of technicals. Once you are able to read every candle clearly and dispassionately, the greed evaporates as one then has that clarity to detect good and bad trades. Exits also improve as the ...

I fail again and again and bite the dust

I haven't a clue. Long at the moment, in profit and thats all that matters for me. Having said that, one can never know enough in this game and I suspect that I would probably be the wiser for knowing, so I am all ears.

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It's less of it being a confirmation signal for me, and more one of where I look to see how the market is relating to an earlier expression of direction. This for me is usually where the fighting takes place. I trade 5 and 15 minutes as I also tend ...

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My style is a little too discretionary to teach Aaron. It can be downright dangerous. This much I will say. Get to grips with support and resistance and then watch how the market behaves at these levels. There is the expectation that every candle is ...

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Hiya Aaron Just the usual Jap CB export driven currency manipulation. With capitalism in the midst of an as yet unresolved bubble, there will be the temptation to race to the bottom in a bid preserve export advantage (the Euro will be next I ...

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Nice yen spike. Was well signposted as well.

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China's development is uneven and largely limited to it's Pacific seaboard. There is a vast gap between the scale of its development, labour cost wise and as a consumer zone and that of the West. Within that disparity is a vast potential for ...

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We're talking about globalisation, not the American worker. The American worker enjoys a Cold War premium which is no longer necessary whereas there are as yet immature consumer and labour markets in the other 4 billion or so. There is little the ...

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Africa will find it's place in an open market...most likely in agriculture, renewable energy and mining. The debts will be written down with socialised inputs and a new global labour culture will eventually standardise wage costs worldwide. The West ...

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World labour and resources are still largely undeveloped if we use American measures of resource application. The dethroning of resource nationalists such as Saddam and now, Ghadaffi, largely unchallenged by China for example (the planets major ...

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Globalisation is simply capital without restrictions. It's application, momentum, return on and finally, magnification by the variety of mechanisms that a borderless world will offer. For traders such as ourselves, it is the culmination of a long ...

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I can't see a populist capitalism. It is natural for systems based on some form of personal gain to eventually devolve into narrow elitism, often rendered hereditary. Any party that promises to change these dynamics eventually falls victim to the ...

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There were a good few signals that this was coming, especially a few candles before the spike (on the 5 min chart). The trick is catching them.

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Personally, I find this obsession with the "ills" of the bankers strange when the very basis of this form of wealth accumulation (post mercantilism) revolves around the logic of fiat value and multi-layered value adding (bearing in mind that the ...

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Europe's problems are classic late capitalist inefficiencies....a supra-entity with inconsistent surplus outcomes where we have a hugely efficient Germany carrying a grossly inefficient S Europe. All of this in a worl,d where the efficiencies in the ...

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