Perhaps you could call it that, but directional bias is only one element of it. I'd call it a tendency myself. Just identifying a tendency isn't enough, it still has be executed with appropriate money and trade management or the trader will bleed or ...

Forex Mentors - The Best Investment You Can Make?

Exactly. The market efficiency theory collapses if just one strategy can glean consistent profits from the market. But you'll never be able to provide enough proof to Fama's disciples that the data-set is large enough and they'll claim you're just a ...

Forex Mentors - The Best Investment You Can Make?

I don't understand how the rat analogy applies to trading. The rat identified the bias, didn't get too cute and maximised his reward by sticking with the higher probability left side. The humans tried to find a pattern that was not there and as a ...

In love with patterns

This is bordering upon hyper-sensitive fanaticism. People who sell stuff have put themselves in the firing line of scrutiny. They should expect it and if they're worth it, welcome it. If Jacko's group (or J16 or whoever else) is as good as some ...

Forex Mentors - The Best Investment You Can Make?

Same deal in UK. August tends to be peak holiday season over here too as school's out for the entire month.

whats happening in August 2009???

Define stop hunt. If you're talking about individual brokers running your stops away from the market then no, I don't believe it either. It's just an excuse by incompetent traders for their 'inexplicable' losses. But if you're talking about banks ...

Hunting for Stop Hunts

I think it was Arnold Palmer (but I have also heard it attributed to Gary Player and Tom Watson) who said: "It's a funny thing, the more I practice the luckier I get." The outcome of an uncertain event is random, but do not confuse this to mean that ...

What is wrong with me?

Just because you have been doing something for x years does mean you are automatically entitled to be competent at it, just like being a graduate doesn't necessarily exclude you from being stupid. So forget how long you've been doing it, what have ...

What is wrong with me?

The FX market is no different to any other market, if supply outstrips demand, price will fall. If demand outstrips supply, then price will rise. The same question gets asked on these forums about once a month - how much does it take to move the ...

How and Why Does Price Move? Who and What Moves Price?

There is the self-fulfilling nature of the validity of trendlines, but it is reasonable to assume that there was some value in trendlines, perhaps only in theory, before they became popular enough to have gained this characteristic. When Dow and his ...

Why do trendlines work?

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fib level help

How can you chart the value of a currency without a reference from which to measure that value? USD can be charted against one other currency as in USDJPY, against a basket of currencies as in the dollar index, against the purchasing power of USD ...

How / where to chart currencies not as pairs in metatrader?

Anyone else's FXboard frozen? Quotes are still green lit, but they haven't changed on my FXboard for a few minutes and are not reflected by what I am seeing on other feeds. Tried closing out and logging in again but it's still hanging.

MB Trading Futures - Introduction

Looking forward to your thread Xaron. But let's not be too hasty in throwing out technical analysis on the basis that '1% of volume is trade related'. My understanding was that the vast majority of forex (up to 90%) is speculative but retail traders ...

Fundamentals stuff

I checked out three feeds and they came back 1.6401 (Broco), 1.6400 (Alpari) and 1.6401 (MBT) on the 0830 GMT high.

I need a price confirmation.

I attempted to attach Greg Fisher's excellent doctoral thesis on price reaction (or non-reaction) upon contact with median lines in the grain markets but it was too large. Try a google search: Greg Fisher - Median Lines An Empirical Study Grain ...

Where is the science? Where are the statistics

url You probably should have looked up what apps were available before ditching your pda. As far as I can tell you can either have the cool iphone with limited trading apps, or an HTC Windows xda which have got good trading apps but they're ...

Forex Platform for Blackberry BOLD

What's all this about trapping boys eh? This line of thought gives a whole new meaning to the 'Jacko' method of trading, and no doubt social services will be taking a keen interest. It is arguable that a ranging market is more 'obedient', insomuch ...

Is this analogy correct?

FXCM-UK (other providers of spreadbetting accounts are available, no product placement here) have segregated spreadbetting accounts available to UK residents, which by all accounts are identical to the standard platform. According to them, all ...

FSA also looking to limit leverage

Every uptrend has highs, but also lows. As long as the lows are higher than the previous ones (metaphorically speaking), you're heading in the right direction - even if in absolute terms you are down a bit. Setbacks are to be expected, but it is how ...

Giving Up