- Search Energy EXCH
- MasterGamble replied Aug 19, 2012
Here is how I trade... I cross compare odds across multiple timeframes. There were some good odds shorts early as this market was transitioning into a downtrend. Count a certain number of up candles that are relative to number of down candles. I ...
Technical Analysis Fallacy
- MasterGamble replied Aug 19, 2012
Here is my summary of current odds for the euro in the longer term in laymans terms. The statistical odds that the euro will move lower in following months is still statistically too high for me to consider being bullish without a unexpected ...
Technical Analysis Fallacy
- MasterGamble replied Aug 19, 2012
I don't really like technical analysis all that much because of this one little issue... People are trying to find something solid in something which is merely a game of odds. Most technical analysis systems are not built to do statistical analysis. ...
Technical Analysis Fallacy
- MasterGamble commented Aug 19, 2012
Would much prefer the breakdown toward 1.2200 scenario so we can set up for a good rally. I don't like trading the EUR/USD when it is rangebound... I trend trade Forex but I range trade equities. That is the funny thing about Forex... It doesn't ...
Week Ahead: European Policy Void, Thin Summer Trading To Drive EUR Higher
- MasterGamble commented Aug 19, 2012
In the longer term the statistics state that all currency unions eventually come to an end. Odds are 100% on an EU breakup if you look over data of currency unions in the past. None have ever survived! LoL!!! I doubt if his bet will pay off big for ...
Lord Rothschild takes £130m bet against the euro
- MasterGamble replied Aug 19, 2012
I use the timeframes... 5m, 10m, 30m, 60m, 120m, 240m, 1d, 1w, 1m. At the moment really only paying attention to the 30m to 120m for trade setups and lower for entries/exits. Daily and weekly are useful for monitoring ranges and doing statistical ...
Trading weekly
- MasterGamble replied Aug 19, 2012
It looks like were in the march-april-may pattern again... Unlikely to see a severe breakdown below 1.2 until a big catalyst comes out of the EU like Greece leaving the eurozone. EUR/USD is going to chop around for ages on the weekly disappointing ...
EURUSD
- MasterGamble commented Aug 18, 2012
Statistical odds slightly favor a break lower on the EUR/USD in the next couple weeks. Not exactly sure of the timing. If I am awake as it's happening ill get in on the move, if not, w/e. The EUR/USD has a downtrend speed of over 300 pips per 10 ...
EUR/USD At Week-Range High and Apex of Congestion
- MasterGamble commented Aug 18, 2012
AUD/USD is heading toward a 50% retrace at 1.0100, however after this retracement completes should push higher again so lighten up on shorts around 1.0200 is my recommendation before it launches into it's retrace up rally.
AUD/USD - Short-term consolidation favoured to resolve lower
- MasterGamble replied Aug 18, 2012
Here are the key elements to a successful Equities trader IMO, then the three key elements to a successful Forex Trader. Equities 1. Being able to step in and buy capitulations. 2. Being able to hold your ground until the retracement back up. 3. ...
The 3 Elements of a Successful Trader