Central banks and other money politicians surely can affect the chart to some extent, like the ECB in 2014. But even the mighty Draghi can't control every minute - why would he even care.

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You say some guy has 100% control over the graph we see, and nobody else has literally no impact on it? ^If this is not the case, then analysing helps.

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Connors, you are the man. Myfxbook retailers are now 71% short, compared to 68% a couple hours ago - if it goes further up, things are getting spiky

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Totally agreed. It may retrace to early August highs, but I don't see any reason the trend would reverse any more, as we had the oh so beautiful breakout last friday. This friday is NFP though

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I warned ya Now I am ready for a short. A small, very careful one.

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Closing losing shorts is effectively a buy I'm totally ok with this PA

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The excel seems right. Maybe I got different result because I didn't round the 11 and something to exactly 12. That really makes a big difference in large sequences. Trust me, I'm an engineer I study maths in university, along with my ...

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I beg to disagree Do you have any formula to show, how did you calculate that? You know the compound interest effect makes you have to use exponential formula? As for my calculations, you can just copypaste them to google to check

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Trend is gonna make new highs again - time to load MOAR SHORTS YEAH!?

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Correct math: 1.005^22 -1= 0.1159 -> yeah 12% For five years: 1.005^(22*12*5) -1 = 722.10... -> 72200 % 5k would be 3.6 mil

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what

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That's great, I salute you for your success and hope the drawdown never comes to you

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Actually the ea doesn't use TP at all, it just closes profitable buys when rsi is 70 and vice versa for sells. So the minimum profit is very close to 0. The strategy needs a big account indeed, and still I would never invest in it. There is no ...

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I agree to that, counter trend strategies are very effective, and interesting consept. The problem with these are, that verifying the profitability takes very long time, because the strategy usually needs loose money management. Here is a test graph ...

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I don't think the situation is very similar to that case - there is a strong trend now. You shouldn't go against a strong trend, never. Did you expect a retracement in July 2014? Surely there is the chance of retracing some pips, some time, but I ...

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Why are so many people shorting this? When the chart looks extremely bullish after a recent break from consolidation phase? Do you really think this is so overbought already?

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Every time I see the weekly chart, that red line is the only thing I imagine. Trend ought to be quite strong until the mid-20's

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I agree with Don96 in this lil discussion here. Spread is ultimately the only factor deciding success or failure. Imagine trading with flipping a coin - after a million trades, you are still at your starting balance - because both win and loss has ...

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Woops Guess who carried their longs over the weekend This reminds me of August 25th 2014 gap, veery similar case - just flipped

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On one hand, past things are already priced in, on other hand, markets tend to create self-fulfilling prophecies. Result: any price is reasonable

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