EUR.USD right? Ignoring the times (mine) where did you get stopped out? Assuming you're talking about the moves down to 4805 a few hours back then there is nothing I see on that chart that isn't the normal back and forth motion of the markets. Said ...

Technical Analysis Fallacy

I thought your posts on forex in the banking system were interesting. I find the initial one in this thread a little bizarre ... too many words maybe which invites dissection. 1. Leonardo didn't "have made public, their inventions of reading ...

Technical Analysis Fallacy

Try anything excluding the USD ... the rest of the world continues

The System (Irony included)

Thanks guys. Does anyone know if pro shops use four hour bars and if what times they set for?

Which 4 hours matters?

Lending practices here (SE Qld) are every bit as suspect as the US. The brokers here put $0 down, take some extra out on your mastercard, into standard practice. Demand always has the potential to decline. China has some interesting natural resource ...

How will Aussie election affect AUD?

Even attempting to trade with the trend is wise because, if you get it right then the extensions with the trend will be longer than the retracements. This means you: - get a bigger move in each wave/thrust with the trend. - your timing doesn't have ...

"Trend" , how do you actually trace the current trend ?

Thanks KGB, I use SierraChart with IB feed so IB's daily bars are close 5pm est open 5:15 est which fits well. SC lets you program some stuff so I've created background 4 hour bars that fit this timing and they give slightly cleaner signals than ...

Which 4 hours matters?

Thanks Lelio, drew, Agro, and Monarch. The attached represents my consensus times for the bars. drew, what time is your 12 candle opening please? Is anyone using a London time as the basis of the first bar? (And why please )

Which 4 hours matters?

And the obvious other question. When should the day start when evaluating highs, lows, and closes against prior days? These questions obviously impact on the formation of pinbars given that if someone in Oz sets their time wrong then they will see ...

Which 4 hours matters?

Mindfulness — I can see why you would close one of the positions if you had another one setting up and had reached your position limit. But I would note a couple of things: - why close, both, why not only one? - there is a long documented ...

Why oh Why ....

Interestingly enough I wasn't referring to you. Why do you think its all about you? I would note in passing that the definition of psychology is "the science of mind and behaviour" and its surprising how often in this thread people think they are ...

Psychology is nothing

Leigh, I also like you post but would like to lightly criticise elements of it. For background, I am an index trader rather than forex currently. I have been trading HSI only for the last 3 years (6-20 traders per day) and have recently switched to ...

The System (Irony included)

Being charitable and ignoring the possibility that you are an idiot, for you say this the either: - you are not a real trader and just haven't experienced it; or - you've got blood of ice and haven't run into people who haven't. If you're in the ...

Psychology is nothing

Two things. System perfection isn't the key with psychological issues in trading: If you take the same system and trade it on paper, with 1 contract, with 10 contracts and with 100 contracts you will get different results at feeling, thinking and ...

Psychology is nothing

Psychology is the science of mind and behavior. That includes learning strangely enough. And decision making. There is a lot of ignorance in this thread. But ignorant traders are good for the market ... and I would encourage Paris to join some of ...

Psychology is nothing

LOL. I know how to trade. And there were no veiled insults. Just a hidden story. It provides an opportunity for people to see the kings clothes or decide that he is naked. Clearly you think he is naked. Good luck in future. If this thread represents ...

Psychology is nothing

Nothingness — I was surprised at how much irritation I felt with the OP. I felt he clearly hadn't been trading long or he would have been through the periods where what he knew stopped working and his resilience and adaptation became ...

Psychology is nothing

Nothingness — I was surprised at how much irritation I felt with the OP. I felt he clearly hadn't been trading long or he would have been through the periods where what he knew stopped working and his resilience and adaptation became ...

Psychology is nothing

There is a reason that the 'big winner' logic is incorrect and I'll try to expound on it tomorrow or in the weekend - but I thought I'd give you guys a hint Its money management, risk or ruin, and the affect of the statistical distribution of ...

Letting profits run