Ableman, It has to do with many factors: (1) How price is traded between banks. (2) How strong the resistance is i.e what time frame your looking at. (3) What the overall trend is.

One minute chart observation to be answered

Does everyone else agree? I mean that discipline is the root cause of failure.

Six Types Of Traders-which Group Are You?

Just some questions, Are you a scapler? How many pips is your target? (i.e. profit and loss) Just some insight to, demo accounts mean nothing, good for practice but will not teach how to control emotions.

I'm losing...insight requested....

Ok, here you go. Indentify the number one reason 95% of people blow up their account.

Six Types Of Traders-which Group Are You?

The point is to help.

Six Types Of Traders-which Group Are You?

Watch candle patterns and formations, like head and shoulders, 1,2,3's tops and bottoms, rising and falling wedges just to name a few.

Does Anybody Have A Good Reversal System

Craig, Making a killing is not what this is all about, look at any hedge funds performance reports are they making a killing ? Trading is about controling risk!

Win/loss ratio question

If you have even a 20% winning percentage, with good risk to reward ratio you will make money. Let me give you an example: lets say your starting capital is 1000.00 and you take 10 trades a month, you lose 8 out of 10 with a max stop of 20 pips. And ...

Win/loss ratio question

The real answer is NO!!! Thats not how banks work...

do big banks collect good trading systems and then move against us?

Zero sum game? yes But one must know who the players are in the game of forex! If one does not know who the players are and how this whole thing works, you will be out of the market very quick, count on it! To think retail traders traders are making ...

Who lost money last week?

Cot data confirms move to upside. Way specs are now positioning themselves, starting to go short on the loonie.

USDCAD trend reversal?

Fxez, I have alot of experience as well, I have seen many bad traders as well as some good traders over the years, some have been trading along time with minimal results. There is a reason why this is the case. I have just one question what are your ...

Why do 95% of traders lose?

Fxez, I disagree, you see knowing WHY so many fail is the key to being successful! A person will never get into the 5% without EXPERIENCE of past mistakes, good traders are not born overnight, takes time and many failures. Here is some questions to ...

Why do 95% of traders lose?