I have no position in JPY ATM but might jump on a short side as looks like the market is "chewing it's tail" from the Feb 26 wick. Gettting close to Friday but no NFP so it's Open Season this Thursday. image

USD/JPY Discussion

Another example of the power of thought. You see a metallic silver painted automobile so you go and buy one. As you are driving down the road, everywhere you look, you see metallic silver automobiles. After a while, you notice no other autos. You ...

Can YOU make money as a trader?

Hello Friends, successful and soon-to-be successful traders, Spreadbetter is giving a great example of how beliefs can kill your chances of success. He, and his followers, have dug their heels in, his mind is closed, his thoughts like concrete. He ...

Can YOU make money as a trader?

ok - thanks jmn5611 and shabs19 - Powell ready for Humphrey Hawkins now - gotta go

Can YOU make money as a trader?

jmn - I don't mind him attacking me personally. It keeps him off those you want to become successful in this business because he may track them down and ambush them elsewhere. So I will probably just continue to dislike so if they actually have ...

Can YOU make money as a trader?

Yes, ICT still has stuff for free at that link. He is a counter-trend trader that buys at Support, sells Resistance. This can make good money if you can recognize trend vs range markets but if you stay too long against a trend, can wipe you out.

Never Go Against the Trend?

As usual, I have to dislike the posts that I see as personal attacks on other forum members. Spreadbitter, Artcool, and any others that want to bring others down ---> Please keep your personal attacks directed to me only <------. Many here are ...

Can YOU make money as a trader?

Spreadbitter - I was not posting this for you. You are, without a doubt, the greatest trader to ever walk the face of the earth and do not need any help. This is for people who are struggling as traders. Now tell your mates at the pub good night and ...

Can YOU make money as a trader?

Anyone hear some news event on Yen? Why is Yen getting strong this time of day when USD is bulled up from Fed speak? Is there something going on and this is flight to safety? Is someone trying to front run the repatriation? Anybody?

USD/JPY Discussion

Just thought I'd share this in here, I posted this in another thread and thought it might be helpful. ================== Taking losses is part of the game. Making same mistake is not. Write a "Not to-do's list and read it every morning before you ...

Can YOU make money as a trader?

The boredom trade. Good one Billytt Nothing is happening in the market so I put on a trade just to make something happen. And something does happen, I lose money.

Can YOU make money as a trader?

That's fine I understand. Many new traders get embarrassed when they make bad calls. If you don't tell anyone what you are doing, you don't have to account for it later.

Can YOU make money as a trader?

M3d, I now see I have a lot to learn as you have pointed out and I am hoping I can learn from you. I noticed that you were also so posting your position after the fact your positions, which is ok. You have to take the position and then record it in ...

Can YOU make money as a trader?

I see your W and add an M image

EURUSD only

The market is like a casino and my broker is the house and My broker is trying to run my stops The market is like a casino and my broker is the house. This mindset is very similar to the market is random mindset. If you always remember that your ...

Can YOU make money as a trader?

While waiting for Powell, on to Psychology of Trading, The market is predictable or The market is random The market is predictable. This mindset can get you in a lot of trouble. At first you will probably have success because you have tested your ...

Can YOU make money as a trader?

Quarles is done and looks like more of the same no surprise here. I am going to post my template for tomorrow. So far I have only got negative feedback on it. If anyone is getting any benefit, please let me know to continue posting it. image The ...

Can YOU make money as a trader?

Time for next lesson of successful trader's philosophy. Spreadbetter said earlier in his tirade against me that technical analysis (TA) does not work. Then he backpeddled and said his type of TA works but not any other types of TA. First, let me ...

Can YOU make money as a trader?

Thanks for the complement. And the tip. Got shorty on your long call at 11;44 am and s/l now sitting a BE +10. image Fellow traders - I already tried to clock this trader, does not post too many trading calls but this is great example of why I ...

Can YOU make money as a trader?

If you are following this template, look closely. The price did not touch the lower BB. You should not have taken a long here. image

Can YOU make money as a trader?