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Hoops McCann commented Jul 16, 2013Two pin bar rejections inside a bullish mother candle on the daily chart, didn't see that bullish move coming (sarcasim), even with todays data. It's higher than a 50/50 chance, as most of you put it..
German ZEW Indicator Slightly Weaker
- Hoops McCann commented Jul 10, 2013
Funny. News, headlines, fundamentals mean crap, follow price...
Minutes of the Federal Open Market Committee
- Hoops McCann commented Jul 10, 2013
Close your eyes and hit the buy/sell button at any given time? I guess ignore high probability signals and R multiples, what good are they? The small percentage that make it aren't just "lucky" all the time.
Minutes of the Federal Open Market Committee
- Hoops McCann commented Jul 10, 2013
"Up/down, sell/buy" Most of you people should not be trading. I hope you're on demo accounts. Big boys are faking moves and taking your money. Hunting is how this market is played
Minutes of the Federal Open Market Committee
- Hoops McCann commented Jul 8, 2013
There aren't any good news stations or papers anymore. One station bashes the left, the other bashes the right, and they both hype up their stories to make them sound worse than they really are or they make false reports. It comes down to ratings ...
CNBC Viewership Collapse Continues; Cramer, Kudlow Audience At Record Lows
- Hoops McCann commented Jul 8, 2013
Trading them as crossovers isn't reliable (they lag). Try using them as dynamic support and resistance lines and to verify trend direction then trade price action signals (continuation/reversal) that have a high probability of success around them. ...
Draghi says higher rates aren’t warranted currently
- Hoops McCann commented Jul 8, 2013
Easy money with very little risk involved followed with a high reward - sometimes they can be over 5R in just a day! I enjoy days like that. One good trade can be more rewarding than six, patience is a virtue.
Draghi says higher rates aren’t warranted currently
- Hoops McCann commented Jul 2, 2013
I'm looking for it to come up to test and reject the 1.3 resistance level first along with the right PA signal before going short again. I made out good going short on that daily pin bar. Patience to see what signals lie ahead.
EURUSD Update – July 3rd – Euro Dollar Breaks Under 1.30
- Hoops McCann commented Jun 21, 2013
Europe as a whole is a complete failure, but that doesn't mean it's not going to keep going up; it's all about supply and demand or else it would be well into the 1.2 area long ago, according to fundamentals. It's highly likely that it's going to ...
Keep The Faith; Stay Core Short EUR/USD - Deutsche Bank
- Hoops McCann commented Jun 19, 2013
They are probably going to spike it down real fast to that 1.338 level to trap sellers before flipping it around and running up with it. Almost always happens. Hunt those stops before making that big push up. But yes, upward movement is my guess.
How to Position for Bernanke's Speech
- Hoops McCann commented Jun 19, 2013
Most certainly not a joke. Each time frame has its own psychology and has its own support and resistance levels. Trade with the trend and look at high probability price action signals. It works. It's pretty easy to tell what's going to be tested ...
What is a Good Win Ratio?
- Hoops McCann commented Jun 18, 2013
It's risk to reward ratio that ultimately matters along with proper risk management. You can win less than 50% of the time with a 2R+ and still come out ahead. My trades always start out with 2R+ target in mind. I don't look at wins in PIPs, but ...
What is a Good Win Ratio?
- Hoops McCann commented Jun 18, 2013
It's all of your negative posts. If you do so well, why are you always so angry? And being European has nothing to do with it. The fact that Europe as a whole is crumbling apart might. You don't get it, probably never will. Keep trading on those ...
Housing Starts in U.S. Increased in May to 914,000 Annual Rate
- Hoops McCann commented Jun 18, 2013
Here's one now. Cause Europe is doing so well. I bet you were one calling short with all that rejection. Haha. Explains why you're always mad on here Higher highs, lower lows have nothing to do with it, it's all about hype. Haha.
Housing Starts in U.S. Increased in May to 914,000 Annual Rate
- Hoops McCann commented Jun 18, 2013
Perfect quote. Price action dictates the direction on this market, headlines just kick start the movement. The trolls will be out shortly to deny this...
Housing Starts in U.S. Increased in May to 914,000 Annual Rate
- Hoops McCann commented Jun 18, 2013
Look at what price is doing. It's only 50 shy of .94000 right now. My TP is .94030. A lot of rejection on the previous daily candle. AUD/USD that is.
RBA Monetary Policy Meeting Minutes
- Hoops McCann commented Jun 17, 2013
Expect it to test .94000 area. Easy trade
RBA Monetary Policy Meeting Minutes
- Hoops McCann commented Jun 17, 2013
Price action is no doubt king in this market. Yeah fundamentals may kick start movement, but ultimately it's price which dictates the direction. People that that make bets on news releases are fools. They are left complaining why the market is going ...
Markets Are Confused And Stupid, And Apparently People Don't Know How To Read
- Hoops McCann commented Jun 17, 2013
Not manipulation, look at all the selling being rejected on the daily chart.The odds of it peaking up higher to test new highs is great. Funny...
FT taper reporter tells everyone to “chill out”
- Hoops McCann commented Jun 7, 2013
It's a coordinated move between banks and hedge funds. They wait for the right price action signal setups. One well known strategy is an inside pin bar. Like today on the USD/JPY. There was an inside pin bar on the 4H chart at a key resistance ...
The Dollar Is Getting Crushed