Thought of sharing this article http://articles.latimes.com/2011/apr/03/business/la-fi-amateur-currency-trading-20110403 "...An estimated 615,000 Americans are dabbling in foreign currency trading, encouraged by advertising from the two biggest U.S. ...

90% of traders lose money! True or False?

It has been mathematically proven that any forms of martingale strategy will fail eventually. Your probable win of 70% does not tell you whether the next series of trade would be a winner or not. A long series of losses (Which will happen and it's ...

90% of traders lose money! True or False?

Thanks Pinbar, much obliged! Caesar

james16 Chart Thread

Hi Pinbar, Just wondering where did you get that neat looking horizontal lines for round numbers at the right side your screenshot. Am looking for something like this to tidy up my chart. Caesar

james16 Chart Thread

Hi ddinnov, May I know why do you call this bar a "BEOB on retrace"? Caesar

james16 Chart Thread

Well you can also add in that the pb is too small relative to the trend

james16 Chart Thread

Hi all, There looks like a potential "BEOC" off a confluence of Fib 50, Resistance level of 1.5950 and 365 EMA. Could this be a good trade if the candle closed below 1.5800 with 1.5725 (blue rectangle) as the FTA. Caesar

james16 Chart Thread

Looks like an area with good confluence of fibs, 365 ema and BRN.

james16 Chart Thread

Thank you Mike for your encouragement

james16 Chart Thread

Hi Mike, I just took profit on this trade but I'll like to seek your opinion on your whether I trade right. I could be wrong and this may just be luck. I saw what I thought to be a BUOC bar on a confluence of trendline, 38.2 fib, 100 ema and a ...

james16 Chart Thread

James, That looks like a BUOB (previous bar) Would you think this could be a good set up? Caesar

james16 Chart Thread

Thanks Mike, I think i get it.

james16 Chart Thread

Hi Mike, I know this maybe a really subjective issue, but how do one gauge the size of the "correct" bar relative to the trend? Caesar

james16 Chart Thread

Did you short both eurusd and usdchf?

Trading Made Simple

Anyone checking out the gold daily chart? Look like a good A grade trade to short Price off major resistance level TDI and Stoch at overbought levels Plenty of space down to 1700 support level Size of bearish bar significant in relative to earlier ...

Trading Made Simple

Mike, Can you show us what a daily A+ inside bar should look like? Thanks!

james16 Chart Thread

Dude.. You're too overleveraged on your trades and trading timeframe too small. Trade on daily chart and with 1:1 leverage instead. That explains why you lost so much money within few weeks

james16 Chart Thread

Hi Pinbar, Just wondering, why is small bar not advisable to take for a pinbar? Caesar

james16 Chart Thread

cum hoc ergo propter hoc

Planetary Cycles Trading (EUR/USD)