Northpro, Just curious, what did you see here that made you enter?

Technical Analysis Fallacy

Fti, Thank you for your response, yes I will give the thread a good study. Like most things in life you can look at the label on the box, read the ingredients and form an opinion of what's inside, but you will never really understand if you like it, ...

Technical Analysis Fallacy

leighsww, The even numbered entries is what got me, my apologies for not going back to the original discussion and reviewing, for the moment I though you were scaling at set levels which didn’t sound right. The 4hr chart was just for illustration ...

Technical Analysis Fallacy

Found my answer thanks! a

Technical Analysis Fallacy

If I could interject a question or thought that might clear up a couple of questions I have, regretfully I just found this thread, wish I would have been there from the onset. And a sincere thank you to everyone for sharing their thoughts and ...

Technical Analysis Fallacy

Just a question, hope fully this isn't answered somewhere earlier in the thread. But when you try a rescue attempt, i would take this as the mindset that price is going contrary to my entry and I'm trying to get out or reestablish a position in an ...

Technical Analysis Fallacy

Only a Probability ! ................. Not Cast in Stone !

Elliott Wave Counting with EG

I just started reading this thread tonight and still have a ways to go, but though I’d chime in here with my interpretation of the dance. A simple trend, as seen in the daily Euro chart, it’s long, higher highs and more importantly higher lows as ...

Technical Analysis Fallacy

Why run from volatility? You can't make money when the chart looks like the EKG of a dead person.

When to get out of a trade

When do you get out of a trade? When price tells you that your current view of the market’s direction is wrong. The question is, what told you to initiate the longs and has that changed. If in your mind you are saying that price is long as it does ...

When to get out of a trade

One of the Cardinal sins in trading is letting a winning position turn into a losing one. Stops should never be a certain amount as in 30 or 50 pips, or i can only afford to lose this amount. Instead they should be in a place where if taken it ...

Breakeven Stops - Trading Emotions

just looked at the chart: EY 161.19 E$ 1.4746 $Y 109.30 161.19/109.30 = 1.4747483 Euro's not at 1.5 Your trying to do an arbitrage trade, impossible to do unless you are very well connected with the banks and technology, your broke r will not be off ...

Silly question

The lowering of interest rates is an illusion which cannot be kept and the feds know it. Unless the US drastically cuts it’s spending which it will not do, in the immediate future, the Feds will have to raise rates to attract offshore inflows, once ...

EURUSD

A currency pair is just that the relationship between two currencies, the reason for the drop could result from a devalue of the euro and have nothing to do with the dollar. The ECB was dumping euros last week, do you think they do this without the ...

EURUSD

There's technical reasons for the drop, I can also see a bounce from 4300. 1.38/39 on the current angle of price movement and the supporting trendline is intact. But one would think that a retrace back to the 38.6 and the top of the 12/2004 top ...

EURUSD

I have studied both Delta Phenomenon and Market Matrix, think mapping time by delta and fib sequences and projecting price levels via fib extensions and retracements. The Matrix studies I felt were very orchestrated in the course. While I could ...

Delta Phenomenon

Instead of dividing it into quarters .25 go with eighths .125. Basis is an octave scale a.b.c.d.e.f.g.a to come full circle in an octace is 8 notes, or 13 steps if you count notes (8) and the flats (5). Hummmm fib numbers??????? Alot of traders just ...

76.4% VS 78.6% Fibonacci Levels...Which is it?

And here's an interesting read for those wondering if there's anything to fib levels and trading url

76.4% VS 78.6% Fibonacci Levels...Which is it?

Here... this thread is only scratching the surface of fib's url

76.4% VS 78.6% Fibonacci Levels...Which is it?