url LOL - aptly sums up what is about to happen to the yen pairs.

Do you believe this market is random?

What about a subjective/skill-based edge? i.e. a fundamental based trade or discretionary trader. Trading as a performance skill. The only way to quantify such an edge is to show that the trader performs better than random entries and to use the ...

Do you believe this market is random?

yes... the correlation between future events and current available information is close to zero i.e. randomness.

Do you believe this market is random?

Anyhow... tgt 169.5

Surfing with the Guppy: An intuitive approach to trading

the rally for GJ went to the target zone for shorts I set out earlier in the week... seems tradable to me... a synchronised lower high on all gbp pairs?

Surfing with the Guppy: An intuitive approach to trading

A familiar pattern on the 4H chart for GJ. The reaction so far is a knee jerk reaction to a declining triple bottom formation... The chance of up and down here is really about 50-50. I have a strong gut feeling that GBP is at a all time high and ...

Surfing with the Guppy: An intuitive approach to trading

What a surprise! didn't think my level will be hit after this morning's drop. But it did! Em' bankers just had to get the best prices for themselves. Got in on the rally. TP: 51 pips (1:6.5 RR) Took a 0.75R loss.

Surfing with the Guppy: An intuitive approach to trading

On a separate note, here's a reason why you should master your process and trade good RR. From my daily chart trading account, a string of 16 losers over 2-3 months, but two wins and I am back in the green.

Surfing with the Guppy: An intuitive approach to trading

It's playing out the way I expected it to but I was taken out overnight with my breakeven stop. That's the inherent risk in leaving intra-day trades on overnight to capture larger swings - if I were there to watch the move I wouldn't have needed the ...

Sonic R. System

Well price respected the level a bit too well... I was expecting a slight peek above to get me my entry but nope it just crashed.. Done for the morning I think. Will be back for US session later...

Surfing with the Guppy: An intuitive approach to trading

Good morning. Here are the level(s) I am looking out for in this morning's session: image Trader tip of the day: Practice visualisation techniques pre-market for exiting and entering trades upon seeing your preferred set-ups.

Surfing with the Guppy: An intuitive approach to trading

it's okay if you don't want to give more specifics; was just curious. thanks for sharing anyway.

Trading Made Simple

Yes... taking everything into consideration... I am left with the only reasonable conclusion that USD is going to hell soon. If you ask me, USD/JPY is setting up for a 2008 style crash; a relatively mild one though, to the 200EMA on the weekly chart ...

Sonic R. System

Why not 100 pips or 132 or 400 pips though? One can use the same justification you gave. i..e I set my take profit at X pips even though I don't expect it to be hit but you never know what's going to happen. Clearly contradictory; hence if we check ...

Trading Made Simple

yes, but why have a take profit of 70 pips if one doesn't expect it to be hit?

Trading Made Simple

Agreed. But I think that book is very overrated... Some of the things in it are just wrong/ too mainstream to be useful. Enhancing Trader Performance by Brett Steenbarger is a much better book to start with for new traders. This is a guy who ...

Do you believe this market is random?

5 trades/week sound a lot actually... with the volatility these days how do you expect to bank 70 pips per trade on eur/usd and make 1 trade on average each day, it's like guessing the low/ high of the day everyday accurately and even then you might ...

Trading Made Simple