Anyone asks I tell them I'm a market analyst. Tell them you're a forex trader and the next question is can you get them any cheap pesetas for their next holiday!

Discussing trading with non-traders

Sounds like you need to understand 'trading' better. The specific market (forex, equities, commodities, whatever) and what you use to trade them (technicals, fundamentals....moon cycles!) is to a large extent irrelevant (although some strategies are ...

Risk your life savings

Averaging is fine if you planned the trade that way at the start but you get clueless fools who take a trade and when it goes against them they start adding rather than accept they were wrong! Typical novice mistake! Sure they may get away with it a ...

...loosing trade

Not quite every post! I think you'll find there isn't anything reliable you could use for spot that would come anywhere close to DOM. But why try and devise something to emulate it, why not just use the real thing in another more suitable market, ...

Stating The Obvious and The Quest For Wisdom

Sources? Anyway, you say you're using price action to confirm information from these sources, and calling DOM a red herring!! Seriously? No offence but have you actually watched order flow traders in action (and I don't mean trying to guess where ...

Stating The Obvious and The Quest For Wisdom

There's absolutely nothing wrong with trading this way, thousands of traders have mastered skills like this (google it), but why choose an OTC to trade it on where you have no DOM, how many order flow traders are there trading spot? You're putting ...

Stating The Obvious and The Quest For Wisdom

ROFL, what a way to make a buck!

What will you do when you were waiting for confirmation signal?

lol, I get more exercise lugging the stuff around than I do actually using it, but you can never have enough hula chairs!

What will you do when you were waiting for confirmation signal?

image My wife knows when I've had a quiet day trading, all sorts of junk turns up in the post a couple days later!

What will you do when you were waiting for confirmation signal?

People who think about strategies like this when they're discussed on forums rather than accept them on face value justifiably question the potential of one which seems to a certain extent to rely on something which doesn't exist, namely DOM. In ...

Stating The Obvious and The Quest For Wisdom

Take your pick, I'd say daily if there's a nice trend on the daily, maybe use 4 hr for entry. Hey and you trying to get me in trouble with Scotty, talking about TA! It's not me Scotty, I was led astray by mark!

Stating The Obvious and The Quest For Wisdom

There were probably stops hit, which added a bit of momentum, but a stop hunt? Mind you having said that, it would have been a nice quick ~30 or so pips as price approached 1.36, as was pointed out earlier around big figures.

Stating The Obvious and The Quest For Wisdom

Intraday, sure, but longer term there's no need to predict, why not just follow the trend?

Stating The Obvious and The Quest For Wisdom

Well give some to markmm, he just got a margin call!

Stating The Obvious and The Quest For Wisdom

Good reply, it seemed a shame to snip it! My vote would be all/some/none of the listed, depending on who you're asking.

What is the most reliable and profitable technical tool?

ok, and understood about X, Y, Z and reasons, interesting to know and speculate about but not an integral part of strategy, pretty much same here for intraday trading. Like anything it depends on how you trade them, like mikkom said, perhaps it's a ...

Stating The Obvious and The Quest For Wisdom

Did you find the most obvious recurring themes, chart patterns and price action, to be that unreliable then, or did you dismiss it simply because TA is what the majority use and we all know the majority lose? As for reasons, if you can't identify a ...

Stating The Obvious and The Quest For Wisdom

Right, but if the basic premise is flawed or lacking then looking for data (which perhaps doesn't actually exist) to justify a theory could be really unscientific, isn't that kinda back to front, ie price moved so let's think up a reason why it did ...

Stating The Obvious and The Quest For Wisdom

That's exactly what happened isn't it, the break above 1.38 then a sell off.

Stating The Obvious and The Quest For Wisdom

There's nothing which needs backing up, it's logical common sense and fact. If there is any part of that post you don't agree with then explain why, but something tells me you can't support your opinions and blanket objections with reason or logic, ...

Stating The Obvious and The Quest For Wisdom