Most folks here misunderstood the trading concept of support and resistant. In any given prevailing bullish trend there can only be resistant 5-20 pips on top or above the actual resistant or support level. Conversely in a bearish trend there can ...

Is it better to close when price reaches resistance level?

You must agree that the EA is indeed very good AND it will be no problem for the author to loan you the money to buy the EA and pay him back double when it start making money! Win- Win-Win situation for him and you and the fantastic EA. Soon the ...

EURUSD

Seriously, you wrote to Twee to what??? Nobody knows anybody here and despite your recent gains you have not claim to be a successful trader yet which is highly commendable. I have also notice that you are a wee bit bipolar, sometimes antagonistic ...

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FG and Tf the best and most transparent e/u traders in this forum. Hope they stay and share their trade calls with others here. GS

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Solid advice boss and I believe your trusted chart is all stories and tales but no numbers in this numbers game......brilliant . GS.

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Tks appreciate yr reply. Cheers, GS

Hanover replies to PMs

Hi Mr Hanover a stupid question really.. if I ask someone to code my strategy then obviously my strategy will be known right ? Best rgds, GS.

Hanover replies to PMs

If I ask u to code my lucrative strategy then u may know,my winning strategy no??

I Will Code Your Profitable Strategy

Appreciate yr respond and I wish you good luck in your quest to learn your PA language .

"good traders trade, bad traders teach"

A very pointed point by a first time poster and I am totally impressed.

New To Forex and Need Advice!

Mr Reed, I am almost agreeable to most of what you have written and also that of Hanover. The subtle difference may be the how each of us define certain terms or terminology especially in finance whereby new terminology are being minted almost every ...

"good traders trade, bad traders teach"

Tks your reply and I see you have some medical issue too you have to watch yr diabetes. I am thru my worst already and now living one day at a time and actually enjoying and appreciating it. Actually I only trade E/U cos I find it easiest to trade ...

"good traders trade, bad traders teach"

So you are retired like me but I was forced to due to health issue. So you don't teach or sell anything except currencies and you also trade as a hobby. But why only hobby unless you are regularly taking loads of money from the market. I really envy ...

"good traders trade, bad traders teach"

So are you saying that you are actually a profitable/successful trader AND that you are one of the few who also teach others to trade? GS. Oops sorry I just read your earlier post and you were saying you knew of someone who used to be a good trader ...

"good traders trade, bad traders teach"

So your standard lot is 0.001 lot which is 1centivos ? This is not an error? Can anyone trade this size lot? Oh blimey. Oops.. no wonder you are on my ignore list. Sorry GS

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I believe it sounded complicated becos I am trying to tie both S/D and Price as one. I do not trade S/D at all but only strictly Price level of which if level is breached and inflection level holds then it's trade on for me. Concept is quite similar ...

Price is everything

The correct context of S/D is often misunderstood and thus applied incorrectly. The S/D zones is usually the Price Mean Zones and most importantly there is a inflexion level of which if it is breached will reverse the prevailing trend thus creating ...

Price is everything

You are absolutely right about the need for successful trader to prove their ability. But if you claimed that you are successful then you will have to prove that you are indeed what you claimed to be. GS

(binned per thread starter's request) Sign of a profitable tradin

Alright I understand exactly where you are coming from and I believe the difference lies in the definition of how you and I define success. I need to be fully convinced by my standard if that somebody is really successful just as he/she claimed to ...

(binned per thread starter's request) Sign of a profitable tradin

The reason for me using a standard of RRR of 1:2 is to ensure a prolong sustainable profit which by my definition is what successful trader is all about. Sure there are plenty of traders who can run profit from a less favorable RRR but they will not ...

(binned per thread starter's request) Sign of a profitable tradin