yes and no. Yes when i trade an individual news release but then again i still do that very differently. I base stops and targets on the context of the news release and the average daily range. This can offer a 1/1 or 2/1 but i don't go beyond the ...

There is no such thing as technical analysis

thank you, hope you have a nice day too. Don't forget to take your pills

There is no such thing as technical analysis

You still have to earn back the losses and more to be profitable and you can only guarantee guarantee <n> reward in hindsight. You don't know which trade will yield the greatest potential and applying stricter money management comes at the cost of ...

There is no such thing as technical analysis

This is like showing me a diamond and saying you found this over here in the ground as evidence of the ground there being full of diamonds! Just want to highlight that I never said TA doesn't work but did say that it doesn't work for 90 to 95 ...

There is no such thing as technical analysis

The general perception is the rate hike is priced in however the expectations of another one by the end of H1 will be on the cards. China data is a mixed bag but should note the stockpiling of raw materials and demand from an improving global ...

USD/JPY Discussion

Therein lies the problem for me with TA. Losses are inevitable and you have 2 Break evens although that isn't always the case and those costs add up. I think this is where the people that can make money from trading TA shine and the rest don't and ...

There is no such thing as technical analysis

I thought about this a long time before taking the plunge into fundamentals and initially i believed it to be as you say but in reality i have found it to be more of a grey area. There are 2 ways to trade fundamentally, the first is on expectation ...

There is no such thing as technical analysis

If only some others can take a leaf out your book. Kudos to you for having a go at this (i don't know anything about you and give you open floor to help me see)

There is no such thing as technical analysis

You must be an expert in talking out your a....s Now you state i am contradicting myself, really? since you felt the need to go over my replies on other threads just to find evidence to fit your beliefs, you'd also have noticed that i mentioned that ...

There is no such thing as technical analysis

old boys club is it!! do i need to graduate from trader to complainer to join then

There is no such thing as technical analysis

Right so you have moved from claiming "i am right and everyone is wrong" to claiming to have the holy grail! Can i suggest you go back and read again because i have made no such claims - your words fella, not mine. You say you have been a ...

There is no such thing as technical analysis

alternatively throw a demo account up for a week and add it to trade explorer.

There is no such thing as technical analysis

Prove me wrong and take up a challenge. For the next 5 trading days post analysis on the start of the trading session with this elusive map you so eagerly pointed out in your post with the chart. I suspect you wont for the usual reasons. Whats the ...

There is no such thing as technical analysis

just when i thought we could have a mature conversation there you go throwing your toys out the cot and can't help yourself in throwing foul language around. Speaks volumes doesn't it! i am not even going to bother trying to explain as you are so ...

There is no such thing as technical analysis

Actually pivot points are nothing more than a wrapper for the average daily range with some additional levels that are effectively accounting for normal and extended days. Extended days are when price moves more than it does on standard days but is ...

There is no such thing as technical analysis

If that were so then why does over 90 percent fail at it. Let me put it another way. Why do investment firms spend so much cash on premium news terminals if the "true" edge merely resides in charts?

List of top traders at Forex Factory that you know

It works for some people and doesn't for others. I gave it a year of my full focus and came to the conclusion that's its nothing more than a random series of coincidences. You can translate all sorts of data like the OP pointed out into charts and ...

There is no such thing as technical analysis

what value can a person derive from a place where everyone is everything but what is described by the OP. The blind leading the blind if it's as grey as stated

List of top traders at Forex Factory that you know

Market sentiment is risk off due to North Korea

USD/JPY Discussion

I haven't taken his course but do attribute him to putting me on this path and from my experience, I think it is likely the best course out there based on the content. For trend trading I scale in and out until price has met my target. Stops and ...

The Big secret to trading success