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birdt replied Mar 28, 2009If you've ever read any of Brian Marber's work, you'll be familiar with his hostile approach to fundamental analysis, which would certainly put him in the 'biased' category. But then there aren't many people who have been around the markets for over ...
technical analysis -or- fundamental analysis
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birdt replied Mar 25, 2009OK, so now we have a trend line drawn which described past price effectively, and we have a zoom bar which has blown through, apparently violating it. Now, some might dismiss the trend line and draw a new one. Some might keep it on in case of a ...
Trading setups around SR Zones
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birdt replied Mar 25, 2009"Yeah alright birdt, cut to the chase and stop harping on about Zoom bars, this is a support and resistance thread." Steady on fella, I'm getting to the interesting part now. The zoom bars will often be found at break-outs, like I mentioned earlier, ...
Trading setups around SR Zones
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birdt replied Mar 25, 2009I have always advocated using stop entry orders to get into trades from S/R - letting the price action tell me what it is doing before making my decision on whether to fade, breakout or stand aside. Certainly this would appear to be safer for ...
Trading setups around SR Zones
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birdt replied Mar 23, 2009Reminds me of an old Wall Street joke I read in an ebook the other day: What's the difference between a trade and an investment? Whether you are in or out of the money. Perhaps not the most rib-tickling of puns but it made me chuckle. Those guys ...
The StopLoss...
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birdt replied Mar 9, 2009Weird, had a couple of positions open on GU and GJ, hovering around break even, and then they started flipping to +2000 pips. It did it a couple of times. I opted to close the trades out where they were rather than chancing it if MB are having tech ...
MB Trading Futures - Introduction
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birdt replied Mar 7, 2009Ah, the old 'it's impossible because that would make loads of money' argument. Nothing is impossible, improbable, yes, but not impossible. As long as there is fear and greed in the market, the price will move up and down and provide opportunities to ...
(can) small accounts make a living ?!
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birdt replied Mar 6, 2009I've given considerable thought to scaling out, scaling in, averaging, stacking and all that stuff. My thoughts are that the best trades are those ones that run from the start, no drawdown, no looking back, never threatens your stop loss, but these ...
Trading setups around SR Zones
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birdt replied Mar 5, 2009Really strange, just saw 10 pips negative spread on EJ. Something's up, probably best to wait and see if they stabilise.
MB Trading Futures - Introduction
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birdt replied Mar 4, 2009Who cares about strike rate? It's your success% X R:R that matters. If you're not using stops or using a low R:R then you'll find out the hard way and have even less bankroll to play with. Having a high stike rate with low R:R will mean your account ...
(can) small accounts make a living ?!
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birdt replied Mar 3, 2009All is well, thanks for asking. The Law of Charts is a great introduction to some really powerful techniques. I have no doubt that trading 1-2-3's alone could be profitable, but if you trade them from a mapwork of support and resistance, it'll boost ...
Trading setups around SR Zones
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birdt replied Mar 3, 2009Hey Willow, long time no speak, glad to see your trading has progressed and you have a strategy to call your own. 1-2-3 set-ups are found at reversals. 1-2-3's (or double top or double bottoms) are found at every swing point in the market, but not ...
Trading setups around SR Zones
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birdt replied Mar 2, 2009That isn't a great analogy - fighter pilots train use flight simulators extensively and there is obviously value and wisdom in doing that. No-one is saying that demo trading is a perfect substitute but it is useful in some respects, just the same as ...
Share your EUREKA moment
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birdt replied Mar 1, 2009Funny how lines have been drawn in the sand here already although Reardon has not yet shown his hand or anything of objective value. Until he does and continues to make unsubstantiated claims to achieve the unlikely then those who have seen threads ...
(can) small accounts make a living ?!
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birdt replied Feb 25, 2009Technically it looks long on this time frame. Yesterday was all bearish but didn't break this support level so my bias has not changed. See what happens at London open, no point in getting married to any trade ideas. Opportunities abound to the ...
GY Direction?
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birdt replied Feb 25, 2009Nah, just looked at his profile and there's a comment from Twee - he got life. FF members worldwide will be crying themselves to sleep tonight.
Developing an edge
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birdt replied Feb 24, 2009Can we all take a moment to thank Zamanib for another one of his elaborate and concise explanations. I haven't got any specific answers but here are a few things that you might think about: Confluence of S/R - Fibs are an afterthought that add weak ...
Confirmation Signals
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birdt replied Feb 20, 2009Hey Shrike, thanks for posting that - appreciate it.
MB Trading Futures - Introduction
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birdt replied Feb 20, 2009Mate, that stuff would barely cause a ripple on a quiet day, let alone on a Friday in the middle of the worst financial crisis of the last 100+ years. Throw your economics textbook out the window. The financial commentators will always come out with ...
What made it fall like this?
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birdt replied Feb 20, 2009Live. It was a buy stop order at 1.4226, got filled at 1.4273. I don't know how many times it ticked between these two prices but it was a rapid move on news at 0930GMT. I use stop orders to get in the market quicker than market orders, do they ...
MB Trading Futures - Introduction