BIN-GO! Although as you can probably see, I go further than that. I say 4X can be classed as gambling more appropriately than most other things. People get cheesed off about it because the word "gambling" has a bad taste to it. But why should it? If ...

Forex gambling?

moonchild, Hehehehe..... I guess there are more than one ways to skin a cat. The way I've been taught to trade head and shoulders was to enter at a confirmed breach of the neck and project target to extend down (in this case) by the same distance as ...

Mouteki Trading

LOL yeah but dem fings dount hufta be purfukt. All they do is reflect sentiment. They're not there to look pwetty

Mouteki Trading

I think it probably depends where you're at. If you're entering in 4H against the trend in D1, you're likely to fall short of the higher (mouteki) projection. Unless you're entering after a double top / double bottom in D1. If you're entering with ...

Mouteki Trading

Navynfo1, Anyone who says otherwise is either a fibber (from "fib" as in "lie", nothing to do with fibo lines LOL) or a multibillionaire

The expert Forex trader and Charts

Sure did....But it seems to have reached (pretty much exactly) the Demark version of price projection (projecting from the trendline at the point of cross rather than from the open of the next candle). I still reckon 2 positions is prolly the way to ...

Mouteki Trading

Mate, The definition came straight out of a dictionary. And I DID say it depends how you define it in the first place, didn't I? Now, to your corn-trader example.....The corn trader buys a commodity at wholesale prices and knows virtually for ...

Forex gambling?

Hmmmm interesting approach. Not sure if I agree...wow, Lighty's in a debative mood today.....for a change You see, from what you're saying, if a gambler (poker, blackjack, roulette, whatever) knows what they're doing, it's no longer gambling. And ...

Forex gambling?

Jon, I use Alpari and InterbankFx for my demo accounts. I don't know about price differences; never worried me because I trade on 4H charts anyway. But I think Interbank's quotes are pretty accurate and comparable to those across the board. There's ...

MT4 vs. Me (and i am losing)

So, is there a horizontal line indicator somewhere? Bwahahahahahahaha Regards L

What is your favourite indicator and why ?

LOL It's a pretty crippled head and shoulders and is not on top of a trend. but still, it's kind of there. Left shoulder is a 2 day spike 14.9.06. then you have your top and then the right shoulder roughly the same height as the left (3.10.06). So ...

Mouteki Trading

Is forex gambling? Well, what is gambling? Dictionary definitions talk about various concepts. One says "game of chance". There sure is an element of chance in forex. The market is chaotic and overall does have very large random elements. But ...

Forex gambling?

turbokaos, I had a look at the murray indicator. Looks linteresting. How exactly is it used though? I've read the attached pdf; talks about the concept of fractals. But are there any more practial sources on how this applies to us? (or is it so late ...

What is your favourite indicator and why ?

Ooops I posted this in the main thread channel. But.....anyone looking at the 1D situation right now? Nice head and shoulders forming with a mouteki TD at it's neck line......440 or so pips projection if this goes through. Worth keeping an eye on, ...

Mouteki Trading

Like this one final version here (this one actually works as it should without having to muck around).....To only have one color-time, set Color2 times to -1 as per default. (using switches of course)

Coloring bars

Akuma99, That's very good. But it colors the wrong candles. If we're gonna fix it, let's fix it properly. We want an input of "22" to "3" (10pm to 3am) to color the bars between 10pm and 3am and not the bars between 4am and 9pm And that takes a ...

Coloring bars

I haven't looked at the demo you guys are talking about. But.....I wouldn't use an extra-super-fantastic demo account if I'm gonna end up trading live on something much more average. I guess it's like learning to drive a manual. So, if for any ...

What demo account do you use?

Yes Lion, but elliott isn't a system. It's a theory. And to make it more interesting, the ideas your method is based on are way more than just elliott theory...... But even an experienced seasoned elliotician can't always look at a chart and know ...

The expert Forex trader and Charts

Keep an eye on the bigger picture — One hugely important and hugely overlooked "filter" (for want of a better word) is.......if you're trading 4H, check your 1D charts when drawing your trendlines or deciding whether you take a trade or not. ...

Learning From Unsuccessful Mouteki Trades - The Search for Filters...