I would imagine it's just intuition. If you studied the markets for 15+ years, you would start to see stuff in a different way i would hope

Jacko's Forex House of Pleasure and Pain

not serious^^^

james16 Chart Thread

wow look at this pin! you think I should take it long?

james16 Chart Thread

Divergence should only be used in sideways markets. Using divergence during strong trends gives many many false signals. Take the macd/rsi off your charts completely for better trading.

james16 Chart Thread

What is the point of the MA's????

james16 Chart Thread

Only half of the CHFJPY trade is about 3:1 risk:reward. the other half of that position is closer to 1.5:1 risk:reward. Also note that my trailing stop is already following my trade, so risk is being reduced everytime the trade makes another pip ...

Dan's Self-Honesty Journal

anyone else enjoying the hell out of this sunday open?

james16 Chart Thread

I'm really spreading my risk out here accross a lot of pairs. I feel this is a great way to catch the same run, but lower your risk across different pairs. You will see I have placed two trades for each pair in the pending order area of the ...

Dan's Self-Honesty Journal

another trick is to have a feel for what the entire market is doing together, and base your positions on that. I use crude as my backbone for the comdolls. we are in a bull market for USD right now... I don't go the other way. It has saved me so ...

james16 Chart Thread

I will note that the correlation between all these trades for next week is the same, except for Gold. Gold is the only "hedge" type of trade I will be placing here. I think that before I go live on my futures trading, I need a Portfolio risk measure ...

Dan's Self-Honesty Journal

Gold and Crude, my two favorites. I will trade both of these bars, the Crude BEOB, and the Gold bullish bar. I know the gold bar is not a specific PA signal, but the location is obvious, the trend is obvious. the bullish bar is more than enough ...

Dan's Self-Honesty Journal

Last weeks two completed trades: LIVE ACCOUNT: AUDUSD: -0.3% loss DEMO ACCOUNT: Gold: -0.5% loss Uneventful week. Sideways market. I think the NFP tipped the scale in my favor for next weeks trades. When I saw AUD/USD start falling on Friday, I had ...

Dan's Self-Honesty Journal

the one you have was published later (different book, same author). I am going to order that one next actually. the first one was published in 1989 after the market crash of 1987 and you got to see how some traders got killed, and others had their ...

Dan's Self-Honesty Journal

I give that book a 4/10 rating. It is extremely repetitive and I wouldn't buy it unless I was more interested in becoming a psychologist than a trader (unfortunately I had to read it to find out). If you want a SOLID trading book that you will not ...

Jacko's Forex House of Pleasure and Pain

100:1 leverage is a good lure.... I think the only good thing that a 10:1 restriction would be the elimination of those attracted by the leverage - - those without brains don't utilize it correctly.

james16 Chart Thread

Bull Market: good news shows big run-ups, bad news shows relatively little run-downs. Bear Market: good news shows very weak run-ups, bad news shows sharp run-downs. I think the NU falls into the bear market zone, at the very best you can expect a ...

james16 Chart Thread

Also, if you haven't already, go buy the book MARKET WIZARDS, INTERVIEWS WITH TOP TRADERS. It's an insanely amazing read.

Dan's Self-Honesty Journal

Not much to update on this week, my AUDUSD trade got stopped out for a 0.3% loss. I'm happy to say the trailing stop method calmed me in such a big way, I love it. I felt like I was saving myself from getting a big loss, and at the same time giving ...

Dan's Self-Honesty Journal

discretion is still required. there have been some I passed on (which turned out to be a good thing that I didn't trade them).... Also I have narrowed my tradeable pairs down to 7, and also changed my management method... makes my life a lot easier. ...

james16 Chart Thread

demo gold, daily pin over the 1,200. i will buy gold with almost any daily PA that allows me to place a S/L in a safe spot. immediate trail for management.

Dan's Self-Honesty Journal