I have no idea on that as thats more of an intra-day flow type analysis, and I generally don't trade intraday and I trade mainly on chart technicals. Someone who is well versed in order flow might know better though.

AUD/USD

Markets turned to *Risk On* mode, doesn't matter what the catalyst is. Aud is a more desirable risk asset than Eur.

AUD/USD

Pyramiding.

AUD/USD

Still long from june 25th....

AUD/USD

On a more positive note, I do like your sketches. The frog is playing craps? What is the weird blue penishead obelisk thing?

AUD/USD

Well, no, not necessarily, and I'm not sure. I think trading skill is comprised of many different components. Lets just say innate intelligence is one of those components. Lets go further and say that innate intelligence is a pre-requisite, meaning ...

At What Point Do You Give Up On Forex

Not a SOLE determinant, but yeah I think it is a significant one. Sure, there are plenty of extremely intelligent people who still couldn't make it as 'traders' or 'investors'(I think Sir Isaac Newton is one of them), but can someone as dumb as a ...

At What Point Do You Give Up On Forex

As traders?

At What Point Do You Give Up On Forex

How about an IQ test as a determinant? url Abstract: This study analyzes the role that innate intelligence plays in investors‘ behavior and equity trading performance. Equity trading data are combined with data from an intelligence test ...

At What Point Do You Give Up On Forex

Hey, I'm not gonna argue with you, I mean, who would argue with 100% CERTAINTY? Fwiw, I don't think even R.N.Elliot himself would make that kind of statement. I have a certain set of conditions that I look for, that tell me whether I want to be long ...

AUD/USD

I wasn't really commenting on your method. I have no problem with EW theory, but it falls into the same spectrum of weighing probabilities, just like any other method. Making assertive statements like 'this is a corrective move' or 'Aussie has to ...

AUD/USD

Really? Why does the Aussie have to come down? Do you know something that no one else does? Do you have some insider knowledge of the RBA intervening or something?

AUD/USD

Good stuff. Trading has many layers of complexity and new traders should understand this or at least understand "Why is this so damn hard?" Keep It Simple? I've never really like this mantra, because I think it gives new traders a false sense of ...

Why you suck at trading

I like to think of it as 'The perfection of imperfection'. Problem is, it can take a 'perfectionist' quite a long time to get to that point, they tend to be stubborn.

At What Point Do You Give Up On Forex

If this is true(and since your post was so honest I'd like to believe it is) you have something extremely valuable. I would stick with it. One of the most important ingredients to being able to 'trade for a living' is just being in a life situation ...

Mental health and trading: should I pack it in?

This is a pretty good article by John Forman on ATR and possible applications, along with Standard Deviation. It may be related to some of what Jet Trader was hinting towards with references to Magnitude and Capacity. url At the same time, we can ...

Lagging Indicators -vs- Leading Indicators

Heh, that is certainly the other side of the coin that I didn't bring up, because I am the most guilty of it. I am generally a fearless trader but I am terribly, terribly greedy. That greed has also served me quite well at times. It IS a balance, ...

Exit is more important than the entry

Right, I agree. Thats why, in my opinion, from a purely psychological perspective, entries are actually more important. A good entry makes it much more likely that you will hold onto a winner if price moves decisively in your direction. The fear of ...

Exit is more important than the entry

A month ago, it would have been hard to pick this direction, for this length of time, yes. Now, a month later, looking back at what happened? Nah, its pretty easy to pick out short entries now on the completed chart. As you say, if knowing when a ...

Exit is more important than the entry

Honestly I just don't believe this is accurate. Getting the direction right is the difficult part of trading, as is trend identification. If risk management means knowing when to exit, doesn't that fall under the same category of understanding ...

Exit is more important than the entry