No you can't, and the quicker you stop thinking that trading is about prediction the better you will do.

GBP/AUD ?????

In my opinion, US$100 fee is not significant enough to try to engineer a whole strat around that fee.

Long term, Low yielding "safe" forex investing

And how could anyone possibly know?!?! really, people gotta stop thinking that trading is about prediction.

GBP/AUD ?????

Jest, you need a trade plan man. Price-Action trading is nothing but buying support and selling resistance. Going short at this juction would not be wise as per your chart #1, correct? that doesn't mean that you should go long. Let's assume the ...

Traders Dilemma....

There is not a one universal answer for your question. Determining the end of a trend, or at least the point under which a trend is endangered, must relate 100% with the tool you use to spot that very trend in the first place. As pointed above, some ...

end of a trending market?

Going "bear" is a risky investment now a days

How about this for an investment fund

If you're exclusively trading off fundamentals and macro-economic data, I guess you're trading very long term correct?

Stuck, seriously need help

I guess it depends on your trading strategy. For example, I trade swings in trending markets, thus as the swing wears on, it becomes less and less attractive for me to enter. In fact, I prefer to scale out as the swing evolves than actually scaling ...

Averaging Up your winning trade ?

I'd add this one up: - Veterans stay 90% of the time out of the market, stalking the trade. Newbies stay 90% in the market, chasing the trade

Soultrader's Clinic :)

Totally true - demos are only valid if they are treated seriously like if they were real money. Otherwise it's like playing free poker with the lads: you all go "all in" at every hand and no-one takes it seriously.

£500 pound, money managment..

To add up to what's being said, make sure you trade currencies that are active during your trading time-zone. For example, if you trade the London session, GBP-crosses should be on your list.

as a new trader.........

That trading approach might work on trending markets but the chop will eat you up. You gotta filter your entries with some trend confirmation routine.

Any Comment??

I would disagree with that ST. The "risk only 2%" rule is not only a money management rule, but also a psycological protection. Having three of four consecutive losses (which is perfectly possible for any trading strategy) at 10% each can be ...

Soultrader's Clinic :)

I think you just touched one of the big secrets in life: to keep things in perspective, to be able to look at the major outlook of things and to not sweat the little things. It's amazing how we human beings tend to let those little sour things ruin ...

Automated Trading

"Tops and bottoms are only obvious in hindsight. The trend is obvious in real time"

Words of Philosophy & Psychology---

Consolidation after a thrust is normal and doesnt mean that the downtrend is over. Many times it just takes a breather before a new thrust.

EUR/NZD trading news

EURNZD 4H chart below. 1.8550 support in a downtrend - if it gives way I reckon some stops will be triggered plus new shorts will add up in this market, propelling price fast towards 1.8500.

EUR/NZD trading news

As a general rule of the thumb, pin bars (hammers, however you wanna call them) work best when they happen right off a significant level of S/R such as a trendline, a previous swing high/low, a fib retracement, etc. At the end of the day, a pin bar ...

Daily PIN Bars

Who knows. The best we can do is speculate, but the actual impact of the Interest Rates announcement onto the chart is pretty much a roulette. That's why I never trade a currency the day the Interest Rates are being announced.

Cable Update (GBPUSD)

Well, we have the Interest Rates from UK in two days time so it's not surprise markets are slowing down in anticipation of the announcement.

Cable Update (GBPUSD)