As some one who has been there, the public usually tends to sell on rallies and to buy along the way down is mainly because they miss the initial trend. they see the market picking up and trending but fear prevents them from entering a trade , they ...

Need Explanation from a Veteran Trader

Dopey , Great stuff to be shared for free I bet most traders will not find anything of value in it as they want you to tell them where the eur is heading or enter here and exit there!

A trading session

that would be so great Dopey. People learn alot from forums. but 95% of forum members need to be spoon fed! they don't like to do their own research. I rarely see a member who asks about a book about a topic he wants to learn. instead they need ...

The spirit of sharing

it depends on how you approach forex or any liquid market that you trade. it's ur actions that separates gambling from trading. If you act then you you think of the outcome ( impulsive trades?! ) , then u r gambling. If you follow a plan , think , ...

Forex Trading or Gambling

we need displaced moving averages. to displace any MA with any period we set. also strong MACD and weak stoch formulas that we can also enter their values manually if we need to. last . last time i used fibs on acccharts , they were not ...

Need Help - Translating MetaTrader Indicator into Accucharts

All I can say , it's one of the best OB/OS indicators out there. and can help you to place yourself safely within the current trend. Bollinger on Bollinger bands contains great examples.

Bollinger Bands

what?? U know the time frame u r talking about ? it's yearly!. you can lose more than ur shirt , trying to short a yearly chart while it's reacting back on weeklies. Know ur time frame is essential here. yearly is good for knowing the big picture , ...

We are approaching VERY serious times

In the markets , news is just a story and u know stories are stories. you can be 100% academically right in analyzing the news but the markets may react in a completely different way. so when it comes to news, it's important how the market reacts ...

Why does the GBP gain strength after decreasing the interest rate??

All pros agree on this. ask whoever, and he will say he has been lucky. others stress on the idea not to confuse luck with brain. when u confuse them together , you drop ur shields, and then start taking miscalculated risks , and sooner u learn ur ...

Admit it - your profits are based on luck

Thank you tdion for starting this thread J Here I would like to share how I have been doing it for quite some time now.. As an aggressive trader, I tend to risk about 10% of my balance per trade , as I see aggressive strategies tend to risk ...

My money management (advanced)

I tell you one thing, one way to separate mature traders from the naive ones. the naive one think that their methods are the only valid ones! they can hardly accept criticism or even get opened to any other idea that may contradict what they think. ...

Why Indicators will fail you

boy , ur problem is all ur assumptions and observations are built on fake idea THERE IS NO VOLUME TO BE CALCULATED IN FX MARKETS go and ask , someone who knows about fx market mechanics. an edit : go and break down the formula used in the volume ...

Why Indicators will fail you

oops, u got disappointed , you couldn't stand a simple discussion all my words are based on experience and a track record that makes me trust what I'm saying. anyway , you keep buying and selling your candies , stick to it. Picking tops and ...

Why Indicators will fail you

that's the point , professional buying. but the question how can you quantify them?? by using charts and so called volume?? I don't think so. if you want real volume , trade CME currency futures and not the FX market. have you tried to test the ...

Why Indicators will fail you

To me, supply and demand is a fallacy! about charts, yes you can use them to predict market movements . but to me, they give incomplete picture. we miss alot of details when just trade from charts! after all, everyone should stick to what's making ...

Why Indicators will fail you

no disappointment , it's ok I'm opened to whatever ideas that can be presented I don't think charts move the markets , the opposite is true. we just have to look for the underlying forces that move the markets. BTW, to my knowledge ,I think there ...

Why Indicators will fail you

all think that markets are manipulated , from the micro-lot trader to the chief trader of the largest bank, they feel like markets are manipulated in some way or the other and even worse ,someone is running after their stops! there are super powers ...

Why Indicators will fail you

I didn't read the whole thread as it's 19 pages but all I can say is, indicators don't fail us we fail ourselves. we either expect to much from them ,misread them or haven't bothered to do enough testing to know strengths and weakness of your ...

Why Indicators will fail you

what timeframe? this is the question, a market can be in trending mode in the hourly chart and consolidated in the dailies.. it depends. Also I think It's hard to be programmed, as it depends on pattern recognition by human eye as shown in bunton's ...

Determining Trending vs. Consolidating

just a question, out of curiosity. with all these lines spread among the chart , do u think that price is not gonna hit any of them at any place on the chart? I think it must hit any line of these. just my humble opinion.

Cycle Trading