As someone studying mathematics at university, there is little I understand beyond what is logical. For that reason, I feel I should keep Fibbonacci and other 'magic' elements out of my trading. Thanks for your input though.

Where is the logic behind applying Fibonacci to trading?

I'm sorry, but I don't think your logic follows. No matter how you justify it, there is no real number such that p+1=n and p-1=n. If this was the case, p-1=p+1, so p=p-2. That implies that there is some number, p, such that p is 2 greater than ...

Numerical analysis

I disagree. I've heard many broad theories on how the market in general works, but I've seen few examples of it applied to real life charts. To understand the theory, I need application.

How would YOU analyse this chart?

I'm not sure if I completely follow your logic there. Surely the probability of success for each individual trade is independent, so the probability of winning multiple trades is the same as the probability of winning one trade? So, if the ...

FXCM stats worthwhile? AUD/NZD has the best win rate to trade?

So you're saying that the doji alone would be enough confirmation for you? Would you not have waited a few bars to check that price would move in your favor? I've seen many instances where price has lingered around price points like that, only to ...

How would YOU analyse this chart?

And what would you describe as the right question?

What is a good way to tell if a trend still has momentum?

Thanks for the response, I've been meaning to learn a bit more about volume. If you don't mind me asking, what is the cause of a S/R level on an indicator, such as OBV? Is there a reason why volume may have difficulty breaching a certain level? ...

What is a good way to tell if a trend still has momentum?

Thanks, that's very helpful stuff. So you're saying that it's easier to pick tops and bottoms, than it is to trade the trend? That's a bold statement. How would you use a momentum indicator, by looking for divergences?

What is a good way to tell if a trend still has momentum?

That makes sense. I suppose certain oscillators, like a stochastic, would help when using such a method?

What is a good way to tell if a trend still has momentum?

Thanks for all the help, guys! One other little question: Is it possible to use information taken from multiple currencies in an EA? At the moment, it seems to me that an EA can only be applied to a single currency pair at a time - limiting the ...

Help with this basic bit of code?

Thanks for all the advice.

Any book recommendations to help devise systems?

Thank you for the response, that sounds like it could be very helpful. We're currently hoping to launch the site at the beginning of October, so perhaps we could arrange something nearer that time? Best regards

How can I attract web traffic for my trading related website?