An analyst is someone who can tell you tomorrow why his todays forecast did not happen

EURUSD

For me the daily and H4 is still up, but the right shoulder of an H&S could be formed. Correct me if I am wrong. Good trading.

EURUSD

If you are using the FF calendar you can click on the header of the time column and adjust to your time zone, so you don't need to calculate the times. HTH.

EURUSD

I opened the platform to make some mql modifications and saw that my broker corrected the up gap, now the bars before and after the gap are way longer and the gap reduced to 9 pips. I still don't understand such weird corrections.

Help for Newbies (Discussion Thread)

Regarding fridays news — Hi. I don't understand the news very well and normally keep off them, but as I understand the unemployment rate and the average hourly earnings weren't too bad and the NFE was suprisingly good, so the USD pairs moved ...

THV system, final edition

Remember that you don't have to know what's going to happen next in order to make money, thus you don't have to know what's happening beyond your TP, thus you can't really leave something on the table. When watching the chart in left direction there ...

THV system, final edition

"Lock in some profits" as you already answered could mean to move your SL to BE+, but imagine in an unlikely but possible case as it happened at todays news announcement that the E/J had an up gap from 135 pips, so your BE+ might not get executed at ...

Help for Newbies (Discussion Thread)

Residental qualities from cobra and BB let me assume that they are already patient and disciplined. My goals did not yet manifest, I have them only as pictures on the first page of my business plan.

THV system, final edition

That's damn true. At the beginning I could also not believe that an analysis could result in NO trade, maybe next day also NO trade... How should I get rich in not trading ? Now I don't really appreciate that I have to waste an AAA trade to recover ...

THV system, final edition

I was long the last leg of this move up after touching EMA 385 and TL and also expect further moving up to a TL made from highs at 22.09.2008 and 18.12.2008 or to the 18.12.2008 high itself but having no clear entry yet. Current retrace is around ...

EURUSD

E/J Today — Entered long at 137.45 on break of the april 6th high and expected a bigger move up but got only a few quick pips. As the high could not hold and PA fell back into the establishing channel I changed to bearish and shorted at ...

Daily EUR/JPY analysis

As I understood papertrading is a synonym for demo trading. You have to choose a platform and any broker providing this platform will run a demo server where you can start out with no risk. I prefer MT4 because it is easy to use, many useful trade ...

EURUSD

You can see ? image

EURUSD

An additional reason for me not to trade this one was that the E/U went north for 900 pips in 11 days and no real sign for a possible reversal before the upper TL around 1.44. If the move up is caused by a weakening $ I would not expect the USDCAD ...

james16 Chart Thread

Yes, absolutely right. I forgot about the point that also a product behind the price may be the income of a business, not the exchange rate. What a blind nut I became.

Jacko's Forex House of Pleasure and Pain

IMHO it is not possible that 95% can win, because if there are no losing orders left anymore the remaining winners could not get there order closed, so they would not be winners. It is the liquidity of the forex market which let it seem that an ...

Jacko's Forex House of Pleasure and Pain

BTW I've just subscribed the thread of James16 but it has ~30000 pages and I know that my plan is on the right way and needs fine tuning now and that it could be the wrong time now for to much input. I first started out on demo with the higher time ...

The probability of newbie confusion

Acquire the skill to think in probabilities — This skill is in my opinion the hardest to acquire and the most essential if you want to be successful as a trader because this mental skill requires all the other subsequent psychological ...

Help for Newbies (Discussion Thread)

Wise words — I've just read your "help for newbies" thread and as I found out that you've written a story about me I wish I would have found this one earlier. Wise words and insights The only point I always had been aware of was MM. ...

Help for Newbies (Discussion Thread)

Still newbie but rid of confusion — I agree with the very high probability of confusion inherent in the learning process, if not even better to say inevitable confusion unless you grew up in a trader family or had a mentor besides you. My ...

The probability of newbie confusion