By using fib time and price ratio retracements/projections/expansions and trade pattern. But don't get me wrong. It is what I use. I don't claim it to be "the line" and the one and only one - each and every trade. It works for me more times than ...

Scaling out of losing trades...

I keep it simple. At major support/resistance I have my "line in the sand" beyond which if price goes I bail out and reverse the trade. If I think it should only go so far and it goes beyond, then I am wrong and that means time to get out or ...

Scaling out of losing trades...

OK then what about when it doesn't bounce? I guess that is when the big money decide not to let it bounce. Hmmm. The number one category of trader type in the big money arena is trend following. And yes there are some that use MA's for this. But ...

The 100 and 200 Simple Moving Average

What FACT. Some probably do and some probably don't. What kind of fact is that. Big instititional money is no different then us "little" money. There are all kinds of approaches to trading the markets.

The 100 and 200 Simple Moving Average

Me too

The 100 and 200 Simple Moving Average

When the market is moving down (as it is today) it is better to watch for a retrace up to plan for going short, then to try to trade a retrace back up.

Cable Update (GBPUSD)

I found after the first few years that the best way to learn is to find others who know what they are talking about and learn from them. The two best IMHO are Tom DeMark and Robert Miner. Since I couldn't afford to pay for a mentorship (would be in ...

Cable Update (GBPUSD)

If you have a profitable trade that is all that matters. If you don't want to explain clearer your reasoning thats ok too. But then why post. Curious also why you referred to your earlier post where all you said was it was going higher because ...

Cable Update (GBPUSD)

If that is so, then why did it take till 1025am for it to get above 1.9793 level from 835am. Once it did breakout, it moved higher. It only pulled back 10 pips when it reach the previous 1.9793 area.

Cable Update (GBPUSD)

You say "last time I gamble". Then ask for peoples opinion on the news ???? I've been trading over 12 years now and gave up news-related trading long go. About the only way to trade the news profitabilly is to know the news in advance. Have you ...

Cable Update (GBPUSD)

Sounds like a real winning formula.

Cable Update (GBPUSD)

Yes indeed. Overbought only means that. It can become much more overbought before going down. Vice versa for oversold.

Cable Update (GBPUSD)

Does anyone want to back up cable is going down/up with some reasons besides "it should" or "chart says so"?

Cable Update (GBPUSD)

Does it really matter. Goes down go short. Goes up go long. How cares who is PM.

Cable Update (GBPUSD)

The problem I see with some (not yourself) who mention 100, 200, 365 period MA's is that there are daytrading or even just shooting for 10/20 pips. Unusually long length ma's have no bearing on their trade. I agree in the use you advocate it is a ...

The 100 and 200 Simple Moving Average

You might know where a MA sits. Price doesn't. MA's work to a certain degree like anything else. But like someone said already it is a little self-fulfilling due to their popularity. MA are probabily the first and most widely used form of TA.

The 100 and 200 Simple Moving Average

It is not important what we as individuals think the statement says. It is what we believe the markets will interpret the statement to mean. Thats the $2 trillion question.

how to get the FOMC statement right away...

Guess you mean if trend is down, don't go long?

Cable Update (GBPUSD)

I'll gladly hand over my account balance any time a MA happens to make right call in return for receiving my account balance back doubled, tripled, quadrupled every time is it wrong.

The 100 and 200 Simple Moving Average

Any MA length providing Support/resistance is purely coincidental.

The 100 and 200 Simple Moving Average