No you dont stop trading you learn to spot when they are putting there position in. you learn to align yourself with them. If you dont learn that then your statement is 100% accurate

Why Indicators will fail you

I think you are missing the point. the point is you dont take a trade just because of fibo levels. There still has to be a setup. Im not hear to argue with you. good job on your trade

Why Indicators will fail you

Eagle they have everything to gain by you losing. this is a zero sum game. witch means folks make money by others losing. You get enough retail traders on the wrongside of the trade and it can be very profitable. Don't fool yourself into thinking ...

Why Indicators will fail you

Great post man i agree with so much of what you said

Why Indicators will fail you

Eagle again thanks for your reply. I can post several charts where the candle shows the direction. Are you talking about posting a trade direction based on candles before it happens?

Why Indicators will fail you

perfect example here. 78.6% fibo 150.08. Most would enter trade with a 30-40 pip stop at most. It made a high of 150.51 and bam you are out of the trade. You just got duked by the boys. They took it right past the 78.6 got everyone out then down it ...

Why Indicators will fail you

I understand that eagle, but in order for there to be big moves the timing has to be right. 20-30 pips in just random noise created by professionals to get you on the wrongside of the trade. I got stopped out of a trade today cause i didnt follow my ...

Why Indicators will fail you

thanks for your post. Elliot wave is an indicator so I disagree with you there. In fact it could be the worst of them all. I can get ten different traders that will draw ten different elliot wave patterns. In Vegas the guy teaching elliot wave made ...

Why Indicators will fail you

the 50% fibo level we talked about earlier got saved by the news. So it worked to a degree. U will notice now though it is blowing through fibo levels taking stops and and then may drop. U will also notice where the low went to. In the area of solid ...

Why Indicators will fail you

It takes patience to learn how the market really works. I am always available to help. you can reach me on yahoo im at [email protected]

Why Indicators will fail you

All good points. It was sad to be down there and see so many people getting duked by con artists. I tried to let as many know as possible that what they were learning was non sense I also let the people teaching it know that it was non sense, and to ...

Why Indicators will fail you

Good question devil. the tools are learning what is going on behind price. Learning how to spot professional trading activity. You do this by reading the charts candle patterns and such. Get rid of the clutter it frees things up for you, so you can ...

Why Indicators will fail you

John you would have been amazed how many people were listening to these clowns talk about all these indicators at the conference. lambs to the slaughter is what i was thinking. Just crazy that folks listened to them without laughing. Im not saying ...

Why Indicators will fail you

So here is an example on the e/j. We are at a 50% fibo level right now. It is a downtrend. Alot of folks will be going short here. Also at 61.8% fibo. Lets see what happens. Right now its respecting the 50% fibo with some resistance areas that were ...

Why Indicators will fail you

Careful trading right now before a major news announcment. Always best to let the dust settle

Why Indicators will fail you

I was also at a meeting where they were drawing fibo's on a one and five minute chart. that is just crazy. Again just cause a currency hits a 61.8% level does not mean there is a setup. There still have to be buyers or sellers coming into the market ...

Why Indicators will fail you

the problem with all these indicators like mac d fibos stoch is there still has to be a setup for you to go long or short. Just because an indicator says do this or that doesnt mean a thing. Indicators are non sense. If there are not buyers or ...

EURUSD

Navin the big boys know where your stops are without coming on this forum. It is not hard to figure out where most traders place there stops. The reason accomplished traders dont post analysis is cause no one would listen or believe it. Accomplished ...

Cable Update (GBPUSD)

the answer is cause it was a buy setup. The answer is because there were buyers coming into the market. This was a perfect long setup. As was the e/u later in the week. This is why you don't pay attention to indicators you pay attention to price ...

Cable Update (GBPUSD)