You are absolutely correct. The 1-2-5 skew for me does not work...I am going back to the 1-1-2... I notice that there is a pattern with my trading that make PT on the last wave very hard to accomplish without a rescue operation...I think that if I ...

Technical Analysis Fallacy

Man, I just got to work...while driving I came to the same conclusion...the market is heavily manipulated as result of G7... They want the dollar strong, very strong... speculators that were long on Euro are resisting which results on the so many ...

Technical Analysis Fallacy

Good grace! I just awoke up and checked this one...We have another killing of the bulls in the EUR/USD... Another one. I was right by being out...I felt that something was wrong...1D was saying we are in a uptrend even though 15M and 5M were ...

Technical Analysis Fallacy

Today I did not trade...the many short term S/R levels in the EUR/USD and the 3 kingdoms (!) in the 5M are diverging...(Yes, I began tracking the kingdoms)...so I taking a day off... Yes...small account and things are tough...I looked yesterday at ...

Technical Analysis Fallacy

3 kingdoms — No trade today because I am puzzled and confused. Note the 3 kingdoms below. How come the USD is both strong and weak in the chart below? I do not understand...still...it is Friday and I am a little tired...so out...a vacation... ...

Lusan's trade Journal

Right on! Trading size less than 0.5 minilot are just training sizes...the big $$ is above...why? 100 pips with a minilot size troop is $100 per session...done several times a day is a real salary...and you are done...yes...done...you do not have ...

Technical Analysis Fallacy

Zoran, thanks for showing up...it is lonely here... I agree 100 % with you...playing the 1D and the trend is the safest way...I just cannot do it because of my own constrain...so I take a crazy chance that I do not recommend to anyone. I could go ...

Technical Analysis Fallacy

Indeed, I prefer not to go against the trend but...I get up at 3;30 am...I must make a decision long or short...I cannot wait for the right setup combination between the 1D, 1H, 15M and 5M...so I modified the strategy...sometimes I must go against ...

Technical Analysis Fallacy

Greeting.

Technical Analysis Fallacy

Sure...I am laughing at myself too...Actually my yellow surrender line looks like a stop for the whole trading session...Right?... You made your point...I am buying an insurance policy...I mean I am ready to pull a plug... let us laugh ...

Technical Analysis Fallacy

Nice chart...it shows the killing field...Have you consider that the place you indicated at the point to bail out it also the place where must people would put a stop? How to distinguish between this crazy move and killing the ducks? What I learned ...

Technical Analysis Fallacy

Sure...but how to define a trend?...it depends on your trading and timing time frame...I prefer not trend at all for the 1D and 1H time frame...so what is my trend? My real trend is the 5M and my timing is the 30S...Am I a rogue? I guess so.. Maybe ...

Technical Analysis Fallacy

Man, that is exactly what happen to me. It seems that a bunch of us were hit by the same lightning... Of course, it does not make happy...it is just a prove that we have still plenty to learn.. Actually, too many winnings were making me ...

Technical Analysis Fallacy

After yesterday mess...I added to my 15M a line...If the 15 closes above that line I am out...yes OUT and happy that I left. Today I have a good session...Yes...against the EURO...why? That is waht the 5M is telling me. It was a almost a perfect war ...

Lusan's trade Journal

Ah...I was not alone..sorry to join you club... I am considering implementing an exit strategy: out if loss= size x 500. I mean: if 1k unit then out if loss= 0.1 minilot x 500 $/minilot = $50. Why? I have not seen drawn down for more than ...

Technical Analysis Fallacy

Yep! I was short....I die...but I am very happy after all..it forced me to reevaluate my strategy on how to deal with bad surprises... Right now I took some time at to think about...the point? We need we have a line to kick the pail and give up ...

Lusan's trade Journal

Ok, ok, ok, I hope somebody could benefits... I will post only the tradding session without explanation...it seems that you find some help in this...at least is very encouraging for you... Tonight I will do an evaluation and make some changing on my ...

Lusan's trade Journal

As of now I am stopping placing my trades in this journal because 1. If you like this strategy, you must learn by doing it. Imitation might destroy you. 2. Have my own access database that I created last weekend to keep track of my wars. It takes ...

Lusan's trade Journal

Folks, today I rode the wrong bus...and I learned several lessons that I want to share with you about my learning on risk managment. 1-Define clearly how much you want to lose for peace of mind. This will help at the time that we need to bail out ...

Technical Analysis Fallacy

Thanks for the reminder...Yes, fti told us about the "duck and move quickly." and he also told us the story of the few times that God send help but the man in the roof of the house did not accept it... The first retrace within the 5M bar timed with ...

Technical Analysis Fallacy