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shellsnail replied Dec 4, 2015Shouldn't the question you want to ask be, GIVEN that X number of consecutive UP/DOWN candles has occurred, what is the probability that the next candle is UP/DOWN. To me it makes no sense to look at a priori odds. Given a large enough sample size, ...
Consecutive Candles - trading system idea
- shellsnail replied Dec 4, 2015
This is interesting. Guess it is because your broker allows your margin to fall below 100% (i.e. mine allows it to drop to 80% before margin call stop-out) while holding a position but does not allow it to be below 100% when initiating a new ...
What is the MOST important level on your chart today?
- shellsnail replied Dec 3, 2015
Came from Twitter. This is "hot thread" right now.
A supernatural power is making me lose
- shellsnail replied Dec 3, 2015
The reason why demo trading does not work is because a large part of trading is about learning to deal with pain/failure/rejection in a positive/resourceful manner. It is inevitable to have losing trades and it is inevitable that we need to cut ...
Is Forex trading worth it? If so, why?
- shellsnail replied Dec 2, 2015
It's a calling. Your P&L cannot be the most important thing in your life, BUT trading for trading's sake can be. It's the love for taking right action as a trader regardless of P&L. Doing the right thing over and over and over again and seeing the ...
Is Forex trading worth it? If so, why?
- shellsnail commented Nov 9, 2015
The bottom is in...?
EUR/USD: To 1.05, Parity, And Beyond - Goldman Sachs
- shellsnail replied Sep 19, 2015
best post I've read in 6 months.Honestly frustrated with trading forex
- shellsnail commented Jun 29, 2015
Looks like USD is going to hell. USD/JPY on the precipice and so is S&P... I am honestly scared what is going to happen this week to world financial markets.
EU Approves Extension of Greek Guarantee Program for Banks
- shellsnail commented Jun 29, 2015
1.05 here we come. patience pays. #excellent RR short here.
Greek bailout: a payday loan with serious conditions attached
- shellsnail commented Jun 28, 2015
I agree with this guy about the Yes vote. There's a saying -- let tomorrow worry for itself. It's hard to get people thinking about the long-term when short-term accepting the agreement means they will get their money back at the banks. 1.18 is ...
Economist Who Coined ‘Grexit’ Now Says Greece Will Stay in Euro
- shellsnail commented Jun 28, 2015
Must read: url Looks like the old adage history repeats itself once again proves to be true.
ELA to Greek banks maintained at its current level
- shellsnail replied Jun 28, 2015
From my limited understanding... 1. There are many edges. 2. Edges go in and out of fashion over the years. 3. The only constant is the trader's ability to adapt and learn from the markets. 4. Information Preparation is king. Fresh news matters; ...
What is your secret and edge?
- shellsnail commented Jun 28, 2015
just wait. it loads very very very slowly.
ELA to Greek banks maintained at its current level
- shellsnail commented Jun 28, 2015
But I don't think this is credible. See the bid price is 1.10 and ask is 1.138. 280 pip spread. Have to wait till closer to market open before spreads will narrow and actual price will appear.
ELA to Greek banks maintained at its current level
- shellsnail commented Jun 28, 2015
Let the market digest all the news and rumours and come in before London session to get into the clear set-ups. There's no need to catch the top or bottom.
ECB Says "Greek Bank Holiday Now Necessary"
- shellsnail commented Jun 28, 2015
A bit confusing. Apparently the funding is still available but just frozen at the previous limit. url It's still up for review if the limit is reached. This is quite a common strategy to prevent bank runs. As long as the promise to act is ...
ECB 'to end Greek bank lifeline'