Yes, agreed however the majority of traders are creatures of habit, mostly underfunded, leaving their books due to overleverage close to market. Most seek to place stops behind the nearest supporting/resisting fractal, trendline, round number, ect. ...

Stating The Obvious and The Quest For Wisdom

Acim, I understand what you are trying to get at, to me the scout is just a part(small part) of the overall position. When I get myopic in my entry level analysis (trying to pinpoint exactly the turn ) then I tend to get very attached to the bias. ...

Technical Analysis Fallacy

Acim, Before you search for your answer first define the purpose of the scout. You look for a pat answer for all charting scenarios, unfortunately each is different, trend, range, position inside the trend, trends current state many more all play a ...

Technical Analysis Fallacy

Excellent post and recall. There's so much to absorb in the thread, Fti's experience shows up at different points through out. Things we don't readily see in print he points as they occur, lessons he has already learned from years of being in the ...

Technical Analysis Fallacy

All then paid analysts have to have a reason, it's hard to justify your paycheck saying the euro went here, or the dollar gained strength without a reason why, even if that reason is pulled out of their back sides.

EURUSD

just a thought

Andrews Pitchfork (Median Line)

Lol, we be red-headed step children now.

Andrews Pitchfork (Median Line)

Lol, just stating he obvious. Even with the large eyeballs you still gotta dance it. regards,

Technical Analysis Fallacy

Howdy everybody, who let the Bulls out? If you zoom out and look at the consolidation over the last few weeks, it has a rounded bottom look. Dance well everyone. Came across this song on you tube the other day, can't get it out of my head, a very ...

Technical Analysis Fallacy

Runners stopped out on the short It may not give a retest today, opposite view

Andrews Pitchfork (Median Line)

See if we get there

Andrews Pitchfork (Median Line)

Key Outside Reversal Day, wait for the pullback and long off a smaller timeframe reversal pattern. fwiw

USD/JPY Discussion

Did the euro make a new low today, Tuesday?

Technical Analysis Fallacy

url

Technical Analysis Fallacy

Valid as long as 88.5 holds

USD/JPY Discussion

Nice post. regards

Technical Analysis Fallacy

[quote=swano;3506046] Right here, url And start reading, the first 200 pages will take you through the necessary reading and homework, take your time, as the journey is about understanding and self-application, not necessarily a one-size fits all ...

Technical Analysis Fallacy

Lilpip, Reading this morning from Daniel ch.7:7-8, After this I saw in the night visions, and behold a fourth beast, dreadful and terrible, and strong exceedingly; and it had great iron teeth: it devoured and brake in pieces, and stamped the residue ...

Technical Analysis Fallacy

Good explanation, thanks. I would be weary of stepping out at any level in front of price without it showing some kind of respect first. Do you scale into your trades, throwing a partial out at the early stages, or full in and how much leeway are ...

The System III (Oh no!)

I haven't read through your other threads so this may be answered already Playing the devils advocate for a minute, S/R in a range will yield a good supply of Ping-Pong trades back and forth between levels, but on the run no level is safe. Are you ...

The System III (Oh no!)