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Magix replied Nov 10, 2009It can be beneficial to look at other systems, but, only if they are presented in a logical fashion. I have been trading for years, and I have picked up more over the last 2 months to add to my than have in a long time. I guess, what I want to ...
Cable Update (GBPUSD)
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Magix replied Nov 10, 2009If I get confirmation on dragon short, I will use this as an early indicator and short cable as well...TIGHT STOPS.... But I just got that loving feeling for the bears right now...
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Magix replied Nov 10, 2009Looks like the dragon setting up for a nice fall...Waiting on confirmation on hourly, and might just take a small bite....
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Magix replied Nov 10, 2009Sorry I must have missed that part. I actually use the MA with a self correcting fib scale, have a look at the last chart I posted. I believe that it is a good tool, but with a lot of others available, I guess I am just one of those traders that ...
Cable Update (GBPUSD)
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Magix replied Nov 10, 2009You win. Post your TA, feel free to discuss it. We are a learning room.
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Magix replied Nov 10, 2009Please, share with us, what is it you use for trading?
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Magix replied Nov 10, 2009There are no perfect systems. Markets are set out to make it just this way, but I would rather trade by rules and not exceptions. Sure I get head faked every now and again, but if I look back to the big picture, the rules are standard and it is my ...
Cable Update (GBPUSD)
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Magix replied Nov 10, 2009If you don't trust news, or moving averages, or support lines, but you think people should read the charts, could you give an example of what you trade off of. Thanks
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Magix replied Nov 10, 2009I have to disagree with you here micho, I think that a great trading style can be played out on any time frame using little more than just moving averages.
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Magix replied Nov 10, 2009Agree with you WB.... Watching for support lines to be breached and held on a 15m... I see it like this, if we don't close above the free fall point from last night, we could be looking at a similar move. But, even on this, and after seeing the move ...
Cable Update (GBPUSD)
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Magix replied Nov 10, 2009Are you just angry because you are not above the law? And I don't believe you should have any particular issue with me, but it still seems like you and others are always wanting to come out with the gloves swinging. Maybe check back, as I recall, ...
Cable Update (GBPUSD)
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Magix replied Nov 10, 2009An interesting trading method to be sure. Are you currently in a trade, from what place and based on what formation and tick.
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Magix replied Nov 10, 2009I can agree with almost everything you said, but the biggest issue I think all traders would agree with and detriment written about in every trading guide is EMOTION. Simply trading with a demo account doesn't assist, what it can do is turn people ...
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Magix replied Nov 10, 2009Luck for me has always been defined when opportunity meets with proper preparation. Analyzing the charts using some of your EMA's couple with a few of my own was what was needed. I think it was months ago, Navin was posting about the power of the ...
Cable Update (GBPUSD)
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Magix replied Nov 10, 2009True but direction is direction. I was thankful that the market tipped its hat before the massive dump. It was visible on H1 chart when price held below the 24SMA. At least this is what I took for entry. After that it was waiting until the 1m lined ...
Cable Update (GBPUSD)
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Magix replied Nov 10, 2009As much as a massive drop like we seen overnight scares me out of holding onto a long position, the chart seems to support it. Perhaps malcomb was correct in thinking that this was a long shake. When in doubt, I must assume the trend. Support and ...
Cable Update (GBPUSD)
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Magix replied Nov 10, 2009Well stopped out on some decent profit for +3 on my morning shorts...sigh... Sitting flat now, but will look at more shorts as ops present. Coming into NY close and into a holiday tomorrow, won't expect much, just as happy to be sitting sidelines. I ...
Cable Update (GBPUSD)
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Magix replied Nov 10, 2009What is not to believe, he just stated that current price is bouncing between support and resistance....or 2 moving average lines... He never called a direction, ergo, No Mans Land....
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Magix replied Nov 10, 2009Even if I am wrong, which, I quite often am, I will escape only losing the time it took me to set sell orders and what could have been made. I gotta go to werk today, seems like a good day to not be trigger happy and sitting by the trades. Failure ...
Cable Update (GBPUSD)