AUDUSD looking good for a short @0.90

EURUSD

ta da…day of the shorts have arrived…wait for pullback, short, ride - rinse and repeat. Wish it was that easy though!

EURUSD

Chicky, are you sure 2 is a higher low? Doesn't look like a low to me. Also, 5 and 6?

EURUSD

Thanks Chicky.

EURUSD

No worries. My account does that on me so often that I don't mind much.

EURUSD

Chicky, did I get the axe too? Saw my post vanish in front of my eyes. Trauma.

EURUSD

How come? What if in few weeks time it comes the other way. Then one can say that the trader never got it right in the first place. So whenever you are thinking 'oh man I got it right this time but got stopped out' first define which time frame you ...

EURUSD

So true

EURUSD

In about an hour from now. Most brokers will start then.

EURUSD

That is a different question. But what do you mean as bet wrong? If you are right about the daily trend but trying to gain from the 15M (hence indiscriminate MM) and get stopped out do you call that betting right about the direction?

EURUSD

What do you mean? 90% of retail traders lose money. The figure is not accurate but it is widely acknowledged. Also, dumb and smart refers equally to the IQ and wallet in this case. So dumb volume can never exceed smart volume. If it did it would ...

EURUSD

Precisely! When it does it is not night anymore. When dumb volume overtakes smart volume it is not dumb by definition so the premise changes. Not too fast, I think

EURUSD

That is like asking 'what would happen if the sun were to appear at night?'. Sorry, I have no reply to that.

EURUSD

What are you talking about? Dumb money takes the price to a certain level because they can when the participation is low. When the smart money starts piling in, the dumb volume pales in comparison. So how can they take the price in the original ...

EURUSD

Before - Dumb money After - Smart FYI, FWIW - I have started a trading journal at url

EURUSD

Price is largely unpredictable with narrow zones (time) where it turns predictable. There are three type of market participants. 1) Winners - who have figured out a way to place trades in those narrow time periods 2) Losers - Who think that markets ...

why have you accepted the price-predictability assumption?

This post is in reference to the battle that is being waged in this thread. I am not taking sides because I agree with both (and also disagree) and this will be my only post on this because it is becoming murky in here. First a word about stop loss ...

EURUSD

Did not see any specific aussie holiday so I am feeling good about the trade. Just a lil momentum is all I need. Never mind the charts. Good that you have taken a break. Wish you best of the rest of this year and most of the next! And to those who ...

EURUSD

You sure banks in australia are closed today? I was thinking of the session that is coming up. It is closed in Japan though. Regardless, I am in it for the high octane quick pips. Check out 15m

EURUSD