Leighs Here are my results. You are an Innovative Trader! Your goal is probably to understand the world, constantly absorbing new information that comes your way. You then process all of this through your intuition to quickly size up what is going ...

Technical Analysis Fallacy

Hi luSan Before I pull the trigger on any trade, I am always aware that anything can happen and whatever happens the market is always right. Those who continue to trade despite the setbacks, are the real heroes, living life the best they know how, ...

Technical Analysis Fallacy

Hi Alexfot The feds do interfere with market. Especially when dollar gets bad news and then strengthens instead of weakening, you know the PPT is in action.

Technical Analysis Fallacy

Hi fti Starting to expect their continuios intervention now, although it doesn't make me too happy. Messes up my charts with the big bars.

Technical Analysis Fallacy

StockKJay How is the trade doing now? Just curious.

South Africa - rock RAND roll

Wounded Nation — The following report was taken from local South African newspaper, the Sunday Herald. I thought it might be of interest to readers here. AFTER bathing in the warm, fuzzy glow of the Mandela years, South Africans today are ...

South Africa - rock RAND roll

Correction — If you are going to take the trouble of criticizing other posters' spelling, ensure that your own post is error free. You are from the U.S.A., so I presume that English is your first language. I took the liberty of highlighting a ...

Technical Analysis Fallacy

Word of warning tho, keep to the right of me as there are days (like today) that i have two left feet.

Technical Analysis Fallacy

@Zoran I was told once that a top class chartist has recognised one million patterns. If we recognise 250 patterns every day, it will take us about 15 years before we are top class. Obviously, fti is in a league way above us after (if I recall ...

Technical Analysis Fallacy

Hi Leigh Sorry took so long to answer, but try to keep discipline of working 9 to 5 even tho work from home (easier said than done). I was trading Gbp/jpy on the hourly chart. I was interday trading then and let profitable trades run for a few days ...

Technical Analysis Fallacy

Couldn't agree with you more Zoran. This thread is brilliant. @fti I'm going to swear now, but I need to COOK for the fam now. Wish you and everyone else on the thread a great weekend.

Technical Analysis Fallacy

Thanks fti Reminds me of your story of the two monks. The younger one couldn't let go. I always tell myself to "put down the sack of bricks" (quote from movie Devils Advocate) and move on to the next battle. Thank you again for sharing so much ...

Technical Analysis Fallacy

Hi fti Thanks for your reply. Trading has its moments. I got into a hectic trade in Dec 2007, where I ended up about 800 pips down. The swap alone came to 750 usd. I was in the trade for about a week when I decided to give up the battle as I was ...

Technical Analysis Fallacy

The Enemy — Firstly, I would like to welcome Leigh back. Glad to see a few whips being cracked again. Hi fti When we were discussing AOW, there were many questions about who the enemy was. I think that the confusion we experience as a result ...

Technical Analysis Fallacy

News Trades — Hi fti I never trade first Friday of every month as this is when US releases non farm payroll data. The market almost always goes crazy for a while after this release.

Technical Analysis Fallacy

Hi Leon Trading is like driving a car. It takes practice. You can't read a book eg written by Schumacker, get behind the wheel and think you are a driver. It takes hours of often painful practice. However a lot can be learned from reading other ...

Technical Analysis Fallacy

Birdwatching in lion Country — Hi Leon I started reading Dirk du Toit's book, but must confess that I never finished it because I was trading a mechanical system at the time. However, he was very against stoplosses (so am I) and so is fti. I ...

Technical Analysis Fallacy

Attacking both ways — Hi NP I don't think fti attacked both ways at the same time. As far as I understand that would be lining yourself up to be run over by a bus. I also played the market both ways yesterday. First I sold the Eur/ Usd took my ...

Technical Analysis Fallacy

Foul Language — Hi fti You made my day with the link.lol. I have to do one of those four letter words right now and COOK for the family. I closed all my eur/usd deals before fetched kids from school and managed to add 5 percent to my account ...

Technical Analysis Fallacy

Hi fti I'm trading it live and keep losing my connection which makes it even more stressful. Thank goodness my kids are at school or they would have learnt a couple of new bad words today.lol

Technical Analysis Fallacy