Two other things support James's view that people should start with longer timeframes: - measurements of noise vs signal favour long timeframes supporting anecdotal evidence that the patterns are clearer - longer timeframes give traders more time to ...

On the topic of BS in trading forums...

Yes damien.

On the topic of BS in trading forums...

Good post with much I agree with you about. Here are some thoughts obviously addressing perceived weaknesses in the first post and ignoring areas where I largely agree. 1. Re independence of indicators. Obviously if they have the same inputs then ...

On the topic of BS in trading forums...

I'm in the "tick volume is nearly useless camp" OND in part because it is limited to your broker ... and if you watch two brokers some have more active feeds than others. The other part is that its not really volume at all but almost certainly a ...

Trade Anatomy - ramblings of an old-timer

AUDUSD — A big thanks to Astellas for raising AU which I hadn't really been watching. As a result of our discussion I developed conviction that at least a temporary move down was likely. I shorted two positions at the 62% retracement which ...

Trade Anatomy - ramblings of an old-timer

OND, In the interests of another scenario and a question I attach this picture. image You suggest the possibility of this wave being impulsive and thus likely to have 3 or more thrusts before it runs out of steam at this level. I wonder if another ...

Trade Anatomy - ramblings of an old-timer

Any price action that indicated resumption of the down trend. Perhaps just a break of the daily bar. Or a break of the channel up on hourly with some sort of retest to provide conviction that it really broke. Ignoring fibs and 50% retracements S&R ...

Trade Anatomy - ramblings of an old-timer

Astellas, I would add a little to one of your scenarios. 1. I use hourly rather than 4 hourly as my sub-daily timeframe because what some see as noise I find can be quite informative and also because I believe that the banks and funds tend to use ...

Trade Anatomy - ramblings of an old-timer

Fundamentals are messy things (I don't use them to trade ... they're just interesting). Three things I think are worth being careful of here (not necessarily suggesting that you are not ): - a US that is not much better + a cold in Europe would ...

Strat's Long Term Stress Free Trading

The Oz economy suffers a little from Governments that treat the people like they live in the land of Oz. Many know that it is called "the lucky country" but few know that the author who coined the term meant it disparagingly. In the GFC the ...

Strat's Long Term Stress Free Trading

Good post hanover, This subject attracts a lot of heat and almost religious beliefs probably because "averaging down" is a symptom of a trader out of control on his way to destruction. Despite this it can be a valid strategy - but it needs to be ...

why is everyone so afraid to average down?

The market doesn't give a xxxx about anything. Its a market not a sentient being. You are suggesting the wrong question. A more useful question is: "Does a large enough (size + motivation) group of traders care about xxxx." Those traders can be ...

ok thats it!!! trading is more an art then a math algorithm

Applying PA is a choice not a necessity. A book worth reading is Justin Mamis's "The Nature of Risk." Often PA reduces risk of falling though a level but it may do it in exchange for a larger stop. Or reduced opportunities. Or reduced chance of ...

Trading with Deadly Accuracy

Then the simple solution is for Clarence Ferrell to contact Twee and arrange to meet with another member trusted by Twee who lives in close proximity to eclayf. Proof of identity is not a difficult matter - notarized documents might also be used.

The Dance

He didn't annoy me. He gave me a laugh. I just thought ... oh god ... another newbie w..... (rhymes with banker) and hoped that he'd trade something, preferably his backtests, with real money. strewthyboy: no one else asks for TEBs account because ...

TEB 5ema & 12ema and 21 RSI (MTF)

Did you notice that the Dow stopped at 61.8% of its retracement of the first big bear drop two weeks back. And look what's happened since - golden indeed. I don't use 23.6 personally but have like 88.6 (or 89) since someone pointed out to me that it ...

Strat's Long Term Stress Free Trading

TEB, please correct me if you disagree. et, what you are doing is stacking odds in your favour. The 30m trend with strength (emas+rsi) gives you favourable probability. The times that you trade are most likely to have short term trends and give you ...

TEB 5ema & 12ema and 21 RSI (MTF)

I trade AU and EA and would advise that to trade them during Asia with a short term trend following method is unlikely to make you happy. The suggested 8-10 gmt hours correspond with the opening trend for Europe so it really adds an edge to a st ...

TEB 5ema & 12ema and 21 RSI (MTF)

Razorjack, Although I don't currently trade this way I have enjoyed your posts and your thought processes. Your effort in posting them here is much appreciated.

Identifying Market Swings - Medium and Long Term Trading

I don't trade the swissy but is CHF going down the tubes or is the USD showing strength. On why it might be suffering geographical proximity seems to generate pull in the markets, and perhaps there is suspicion that Swiss banks and industries are ...

Nanningbob 60x90 EA