I know the feeling of blood fleeting from your brain after you thought you had everything covered and figured out and the let down that follows. Ive been there and the FX warriors out there who have been in the trenches for years know what I am ...

I'm quiting trading but can someone elighten me on this?

I am not familiar with the specifics of the Australian regulatory body. But a quick google search for "managed accounts australia regulation" reveals some useful links, specifically: url Hope this helps. ___________________________________________ ...

Money Manager License (for PAMM and MAM systems)

Spili, your heartfelt post made me crack up. I was going to invite you to my thread, then realized that you had already subscribed. I think if traders spent their time seeking out high quality levels (which can be very relaxing since this ...

Things to think about over the holidays

This sentence stood out to me since it describes the kind of research that technical edges are built on (esp. automated ones). However, this kind of data crunching is not dependent on candle sticks. Candle stick charts themselves are just another ...

About Candlesticks: Why they were created? What do they reveal?

Most of the AUM being managed is not raised on a market place. When it comes to money management, trust is paramount and this is rarely established over an impersonal marketplace. But here are some directories, not sure of their marketing ...

Is there a hedge fund marketplace?

The rate hike was expected so it had little effect on price. It is when something happens that is unexpected that large price moves happen. You shouldn't be trading during illiquid, high-spread times anyway. ...

After rate hike, why is the EUR/USD hiking up?

You should avoid entering around news releases. The reasons are: Banks increase spreads, making trading riskier by increasing the spread. By doing so, they are essentially saying, "these times are too risky for us to trade". And while price can move ...

Why do many trading systems not mention the entire...

Right now this is only of the major pairs where there is nothing going on for now. Too many S/R levels and be drawn, so much directionless/indecision. Let the market break out and then take another look. _______________________________________ >> ...

EUR/CHF

The problem with trading without any stop loss is that at one point the market will go against your position significantly and you will be forced close out for a large loss or face blowing up the account. Now, you might say, so what, since I am ...

Trading Without a StopLoss

It is possible to do so, but don't bank on trading with any significant size during news events. Liquidity gaps make this too risky. __________________________________________ >> Quinton's Simple & Effortless Trading thread

EUR/USD... Why such a huge move?

Fundamental news, in this case monetary policy decisions, don't "directly" affect price. They are first funneled through trader's hope and expectations and are then priced into the market. This is important to understand. So while the ECB might have ...

EUR/USD... Why such a huge move?

At the end of every trend there are plenty of traders piling on to pick it up right before it bends. Possible levels marked below to buy from before the "trend traders" decide to buy. image

USD/CHF

It really depends on the pairs you trade. The overwhelming among of liquidity in FX is concentrated in E/U with G/U and U/J being the runners up. From there it goes down drastically as far as the other pairs are concerned. The volume per second is ...

Trading size in FX

Both .50 and 61.8% are significant for two separate reasons: 50% is an important level for the simple reason that during price discovery buyers and sellers tend to end up agreeing in the middle of their respective bids and offers. This is reflected ...

Why 61.8%?

It's definition is subjective to a great extent because its effectiveness depends on the way the majority of traders draw them. One could go on and on about how to "correctly" drawn fib retirements in theory but in the end it is the consensus of ...

Why 61.8%?

Thank you for your kind words, Joe. It's human nature to not want to shaken from one's beliefs. Esp. in an industry where participants are faced with the very personal task of learning about themselves as they set out to tackle the markets, this is ...

Is anyone here an institutional trader?

Yes, you are right and good observation. Candlestick analysis was carried over from the equity trading world, where trending momentum tends to be so strong (bear market sell-offs are strong and bull markets are difficult to short) that these ...

Is anyone here an institutional trader?

skenobi's reference to Star Wars holds more than just comical value. Unfortunately it is just this crucial aspect of trading that a beginner must develop an intuitive understanding in which is usually replaced with indicators. All indicators do ...

Is anyone here an institutional trader?

As skenobi accurately points out in his posts, trading fx isn't all that different for retail traders as far as analysis techniques go. Yes, bank traders often have access to order books but even then what they are legally allowed to do with that ...

Is anyone here an institutional trader?

Hi Sun, Absolutely, on its own the daily MA would mean nothing. That's why I mentioned the confluence with a major support level and confluence with H4 200 MA. Two 200 MAs across TFs coinciding together plus a support level makes me take a closer ...

USD/JPY Discussion