Valid points. first lets hope he will recover. after all after taking a position there is nothing much to do other than hoping. MM must the priority before anything else, it includes risk management too. without it you can not protect your capital.

EURUSD

either up or down. no one on earth can be precise than that.

EURUSD

term psychological does not give the concise answer. lack of knowledge of the essence the of market and understanding the concept of trading is far important than psychology. you will never have the right psychology unless comprehend the first. so ...

EURUSD

now it seems to me i found what i was looking for. i was planning to ask you some questions, i already found answer to most of them besides one. if you put this single post on one side of the scale and all other posts to other side it will at least ...

Extracted Thread (per thread starter's request)

there is something i want to add to your post. how do we know if short covers were pushing the market? even if so there could be enough amount of buyers who find the price attractive and buy. so i thing it would be more logical just to accept the ...

EURUSD

thanks for clarification.

Technical Analysis Fallacy

looking back to charts, these blue boxes were the first signs to jump into. how far will it go? absolutely no clue, maybe 133.xx

GBP/JPY

my apologies if i sounded taking sides. i know no one here, i read his post and thought maybe tried to do something with good intention and others misunderstood him. i as i said believing in good in human nature is my weakness. again soory to jump ...

Technical Analysis Fallacy

i would advise (though i may not have the right to do so) stop picking on this member. he says he did that to help and no business behind or to use this thread for his own interest. i am a believer. i believe in human potential to be at his best, ...

Technical Analysis Fallacy

ok, i am out of here. nerves are too tense now for obvious reasons. happy trading.

EURUSD

wow...

EURUSD

there is something i do not understand. why people shorting this pair? can not you see it is uptrend. down trend was over long time ago. just get over it, your demo account will not change the market direction. i dont know what should i say more.

EURUSD

hi, did you cover your longs? i f you remember i advised you to keep some amount of your longs. all TFs are too bullish starting with monthly. trying to scalp today took many losses. it is not for me. now i am back to my intraday trading. i do not ...

GBP/JPY

its always good to know all these. but i would rather prefer not giving too much attention to them. one of the reasons we need to know them is many people think these patterns have big impact. their opinion may to some extend move the price. however ...

Technical Analysis Fallacy

nice to hear from you fti, and welcome back! last six months have changed my view of trading and its philosophy. some great threads in this forum and especially yours have helped a lot to my mindset transformation. right mindset comes with lots of ...

Technical Analysis Fallacy

successful trades to you. now i have to look at my charts and try to recover from drowdown i eat recently

GBP/JPY

if you remember fti always repeats, trade with the trend, do not go against it. if you look at the chart, i would sell at highs in square box, i would make good profit or at least exit at BE. also you have to notice the hh hl, that must ring a bell. ...

Technical Analysis Fallacy

a sound post. i am not arguing if it is correct or wrong. as you have mentioned i was trying to say it it just one of those tools around which stimulates traders to take a position. yes it increases the probability of wining trade. so does pinbar, ...

GBP/JPY

still shorting guys? support is 1.2820 area, and it is heading to 1.31 trade safe.

EURUSD

Doc, nice post. i have that thing inside me - trading against the trend. i can explain that maybe i am bargain hunter. want to buy low and sell high. but i do that in a slight different way. if i am anticipating entry on 1H or 4H chart I check daily ...

Technical Analysis Fallacy