BK, Most of the analysts are using a 200 MA, EMA, WMA, take your pick. They also use Fibs on the monthly and weekly frames, as they have a tendency to work much better than on the lower frames. The next time you see their numbers, check out the ...

Need help with Support, Resistance and Fib

I think traders have to be like fighter pilots...not too smart, not too dumb, but with amazing concentration, reactions, discipline, and the will to kill.

To Think or not to Think: The Trader’s Dilemma

As usual, the point is missed. The point is that price doesn't change direction because of divergence, it shows divergence because it's possibly getting ready to change. This is reflected in the movement of the price itself. The divergence is just ...

Divergence trading

Demark said it best. "Divergence is a symptom, not a cause." If you understand this sentence, you can do away with indicators that show divergence.

Divergence trading

Wiz, Very well said.

Trading for living only using daily charts or higher...

Yea, but how much is the soap? I bet that will break your budget.

Trading for living only using daily charts or higher...

I think you're referring to pg 15, middle paragraph (see fig 1.9) in which he says if the CLOSE immediately following a pivot is above or below the trendline, the TL is not invalid, but suspect. In the chart above, the high does break the TL, but ...

Tom demark Trendlines

Oh goody, a swinging penis contest. May the biggest dick win.

::Why Oh Why V ForexMaster55::

I think you have a serious thinking problem. Who really cares what "various people" have told you? If you're for real (I have strong doubts about your story), then you report them. You're going to swallow a 30k loss because of what "various people" ...

250 pips slippage on Currenex - ODL Securities

I disagree. Your 100 pips mean nothing if you only increased your equity by .01%. My 50 pips are more meaningful if I increased my equity by 3%. Talking in % of equity is something that doesn't need translation nor explanation. That's the true ...

:: Pips are not what counts ::

Yes, their preferred dishes are weak hands, sloppy stops, and scared money. Seriously, a lot of them won't leave their desks or the building. You're talking about a highly dedicated group of people who make big bucks for missing lunch breaks.

Do market makers eat lunch?

If it happens to you once, shame on them. If it happens again, shame on you.

Another F up from FXDD

Yes, there never will be a BH of currency pairs. We'll never see GBP/USD go from the current price of 2.0064 to 98.0000. But are you implying that the fx market doesn't trend? Look at EUR/JPY. It went down from 12/1979 to 10/2000. I'd say that's a ...

Stocks vs Forex - Is everyone suited for forex?

As I said in the Moneytec post, it's textbook NLP. I think traders can only benefit greatly from NLP. Nat

What most newbies must go through when trading Forex

Justin's a class act, no doubt about that. Rare enough in life, even rarer in this business.

MB Trading Futures - Introduction

Brilliant and well said.

Graduates vs non-grads in trading

The only indicator I use is RSI and I use Hayden's method of using it. I combine it with Pitchforks and Fibs. It works for me.

Lien-Schlossberg book, Hayden:The RSI - any opinion?

Pitchforks are the ultimate ranging tool. They do alright with the trend as well.

Ranging Market System

My son is only 2. Whenever I hand him a printout of a chart, he eats it. I can't wait until he's five.

My "Holy S**t Moment"