Can you trade only one pattern and be profitable? All patterns are coincidence. The same patterns you see in charts are also evident in random data, births and death data, animal migrations, weather and temperature, and commuter traffic to name just ...

Can you trade only one pattern and be profitable?

I doubt the fed are alone in this boat and we could see other central banks follow. We should be concerned because they wouldn't be doing this if they weren't concerned about their ability to handle crisis and downturns without significant ...

Trading news and sentiment with technical analysis

So the fed are undertaking a review for changes to their policy tools, strategy, and communication. They intend to communicate this in H1 2020. Here are some details from their communication on this. Perhaps most significantly, neutral interest ...

Trading news and sentiment with technical analysis

You're welcome.

Trading news and sentiment with technical analysis

The rba are watching employment very very closely. It is the last straw that will force their hand if it starts to deteriorate. So long as there isn't a strong risk on profile that would soften the blow, a bad number would be a sell for sure but a ...

Pivot Trading

Here is a trade i took on Friday and terminated. now even though the trade would have eventually given profit, the parameters of a successful trade were not met. I require market feedback confirming the trade immediately and have a timer set (i use ...

Trading news and sentiment with technical analysis

The art of taking a loss. This subject is probably the most overlooked aspect by retail traders. From what I have seen there are different camps when it comes to this. 1) wait for a set stop to be hit 2) use no stops and losers become investments 3) ...

Trading news and sentiment with technical analysis

a good listen (Thanks Fader123 for sharing with me) video

Trading news and sentiment with technical analysis

Would be nice to see a test showing 15% a month.

Stack MM

If I am not mistaken, if you were to move to 0.1 then you'd be sitting on a 10 percent drawdown right now and that's after price has pulled back. It would have been closer to 15 or 20 percent relative drawdown a few weeks ago. Have you tested 0.1 ...

Stack MM

10 weeks to make 9.1% profit? That's roughly 3% a month.

Stack MM

50 pips for the day across 3 trades - that's me done for the day. It has been a relatively quiet day on the news front it has all been sentiment trades except the eurusd trade that was an obvious reversal trade.

Trading news and sentiment with technical analysis

17 pips bagged in shorting eurusd. I have said on many occasions that if price fails to break a level and the longer it stays there the more chance it has of not succeeding.

Trading news and sentiment with technical analysis

looking to short eurusd - its is battling to break this resistance

Trading news and sentiment with technical analysis

just closed 14 pips profit on nzdusd

Trading news and sentiment with technical analysis

looking at long nzdusd on the back of superb Chinese data last night The Chinese link is important as they account for a massive proportion of global GDP but to be specific, the data, along with other recent prints, shows the PBOC stimulus is having ...

Trading news and sentiment with technical analysis

closed, price stumbling here and i am not hanging on, can enter again at a better price

Trading news and sentiment with technical analysis

long eurusd url + softer $

Trading news and sentiment with technical analysis

let me explain why trailing a stop is also an inefficient way to manage a trade. By trailing you giving up profit that you could have booked. The chances of price breaking a level when it sits there for a period diminishes over time.

Your Risk/Reward Level?

R:R is flawed. Nobody knows how much reward the market will give you so to presume you have an amount of reward on the table is like predicting you will find a 10 buck note on the street tomorrow. Forget R:R and focus on risk and take what the ...

Your Risk/Reward Level?