If you're new to the concepts of price action and support and resistance we use on this thread there are some short videos on my blog at h4power.wordpress

H4 Power

IMMEDIATE LEVELS FOR EA image

H4 Power

EA RE-CAP WEEKLY image H4 image DAILY image THE CLOSES ON DAILY AND WEEKLY ARE SCREAMING MORE DOWN NEXT WEEK, BUT WE DO NEED TO KEEP AN EYE ON THAT STRONG WEEKLY SR JUST BELOW... MARK WEEKLY SR BELOW AND DAILY SR ABOVE FOR THE SHORTS TO CONTINE

H4 Power

OIL RE-CAP MORE EXAMPLES OF HOW PRICE IS DETERMINED BY CLOSES AND ENGULF AND USING A FEW HIGHER TF'S WE CAN GET ACCURATE DIRECTION AND SAFE EXITS POINTS, THEN USING H4/M15 WE CAN TRADE WITHIN THAT CONTEXT... IT TAKES A LITTLE CONCENTRATION AND ...

H4 Power

GU RE-CAP GU WEEKLY SHOWING US DIRECTION FOR THE COMING WEEK AND WHERE TO PLACE OUR SR LINES image H4 HITTING OUR MIDDLE WEEKLY SR AND GOING IN THE DIRECTION PA PREDICTED image

H4 Power

GOLD RE-CAP MONTHLY image WEEKLY image DAILY image

H4 Power

EU RE-CAP EU WAS CLEARLY LONG LAST WEEK, I CALLED IT ON VARIOUS THREADS AND IN THE CHAT, WAS JUST A CASE OF WAITING FOR THE PRICE ACTION, EASY PIPS, SIMPLE REPETITIVE PRICE ACTION AND SUPPORT AND RESISTANCE TRADING LOOKS LIKE MORE DOLLAR WEAKNESS TO ...

H4 Power

Did he look at using monte carlo method with multiple timeframes...

Do you think statistics work in trading?

Don't even take any notice of stuff like that, it has no bearing on the future success of you or anyone else and furthermore it's complete bull passed from one to another and never substantiated. The only fact is that many fail because they break ...

What does 90% fail actually mean?

did you check you weekly? I think we had a daily close down from it too... image

H4 Power

Hi please take my following comments in the spirit of the debate and not any kind of personal criticism. "Just because people fail does not prove something is impossible" -------Agreed "Trading is no different to any business, there are risks and ...

Need luck or skill for trading?

I don't believe in any gods, luck will be an element in anything requiring skill but only skill will be able to maintain consistent success.

Need luck or skill for trading?

I wouldn't get yourself bogged down with what I consider about myself, you sound like you know what you're doing.

Need luck or skill for trading?

As long as people believe markets are random, you need luck etc etc 95|% lose etc etc.. all that crap that gets published everywhere... then traders will continue to make the same mistakes over and over again and the brokers will continue to make ...

Need luck or skill for trading?

Again you're entitled to an opinion, and it's probably shared by the majority, and the majority lose.

Need luck or skill for trading?

Of course you're entitled to your opinion, if you believe markets are random there is nothing wrong with that, I don't. For me, and I suspect everyone in my skype room we know otherwise. Maybe you should also check out Jay Norris if you're more ...

Need luck or skill for trading?

clearly I don't think he works for a broker, i was making a point about the self defeating negative attitude that prevails in forex and is mainly untrue.

Need luck or skill for trading?

Just because people fail does not prove something is impossible. Trading is no different to any business, there are risks and there are rewards. The business that get the balance right make a lot of profit, but lot's of business get it wrong and ...

Need luck or skill for trading?

You have a lot to learn, you are exactly what brokers pray for, I wouldn't be surprised if you worked for a broker?

Need luck or skill for trading?

easy peasy... this is moving gold video

Need luck or skill for trading?