Fibonnaci-spectacled elipse retracements.

Technical Analysis Fallacy

Thanks for your kind words sam. As for correlation and causation... that's one thing we cannot know. A better way of looking at correlations would be to see them as an extra clue - something that helps you build up confidence in a certain trade. ...

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Just thought I would add to my post with this image... best I can do after a long night-shift. But it should make my thoughts a little clearer. image Edit: Ignore the entry arrow, it's not relevant to this question.

Technical Analysis Fallacy Redux

On the topic of correlation, I definitely get the concept, and I'm starting to use it in my own trading. What I'm wondering is if anyone could care to illuminate me as to in what ways they use correlation. What seems logical to me (when trading on ...

Technical Analysis Fallacy Redux

Ah fair enough. However, I'm curious as to how you're using futures forex volume as any sort of leading indicator. It was my impression that futures pricing is simply a function of remaining time versus the current spot. Also, the low volumes traded ...

Technical Analysis Fallacy Redux

I'm quite sceptical about VSA (in regards to spot FX anyway) as it's based on tick volume which, imho, is rubbish. Great post on this topic here: url

Technical Analysis Fallacy Redux

Hah. I was a newbie once upon a time who bought all of his/her tripe I actually couldn't figure out how to remove him/her from my buddy list. Edit: Unbuddied. Happy now?

Technical Analysis Fallacy Redux

Will continue posting guys, thanks. Here's a little something on correlation. There are many different correlations one might use, but I've just been looking at GBPJPY and GBPUSD over the last day. Questions / comments / criticisms welcome ...

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Hi Sam, Actually that image is M1, sorry for not being clear. Channels work on all time-frames. Remember though, they are not always respected. They are just one of the many tools in a trader's tool-kit. We need to factor in many pieces of ...

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Good to hear there are people out there I thought I'd do a short write-up on the use of channels. Here's an image from the entry I just took. I've removed my 100 pip/50 pip price levels, my resistance level and the moving averages just to keep it ...

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I do feel like I'm posting to the nothingness here. Is anyone finding my posts helpful? If not maybe I should just go and post in the trade journal section Anyways, hopefully we'll get the forum off the ground soon and there'll be a place where ...

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Morning ladies and gents. Here's an entry I spotted last night (M5), but had to run off to my night shift where I trade an altogether different market (no charts!! ) image Wow, great action on GBPJPY last night! Here's an oversized roadmap ...

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Heh stratman, I believe I suggested this might be the case at the time you asked for advice in the thread. 2.4% per day is amazing. If you can continue that growth consistently you'll be able to buy 10 of those watches in no time. The award ...

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Current in progress entry on GBP/JPY. Feel free to critique/comment Edit: Entry at 128.22, Stop at 128.32 image Edit 2: 13 minutes until news.. tempted to move stop to break-even and see if I can ride out a nice move off the back of the news. ...

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Sure. I get divergence, it's more the specifics of the entry. Also had you noticed that m15 channel (see my image in previous post)? Did you deem the t/l rejection more significant and thus more likely to follow through? GJ really does have its own ...

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Interesting entry stratman. I'm wondering if you can elaborate a little more on your divergence entries as they are different to your general trade approach (or at least what I've seen of it). Although I had to go out to dinner, I was watching for a ...

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Just took the entry. First demo trade of the day, in and out for 15.5 pips Looks like I could have grabbed another 5 very very shortly after, but the round number was reason enough for me to bail. M5 & M1 below. image image

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Watching for an entry right now... (GPBJPY, M5 chart) image

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Did you get your short entry? Looks like there was a good bounce to the downside after it broke through. Just analysing the earlier potential entry to the upside which I didn't take. Do you agree with my sentiments? (first chart is M1) image ...

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