Here's a GBP/USD chart with a range highlighted by an elipse. Several factors alerted me to the strong posibility of a ranging market so I was ready. Confluence of fib levels and sup/res levels showed a likely range ahead of time. This along with ...

Do you hedge?

You're right, I should have said that when price is near my stop losses they always get hit even in slow markets, but when price trades above and below my take profits for as much as 30min, they will often not get hit. I've seen this with my own ...

Do you hedge?

I have an MT4 broker who's software will routinely widen preads to hit my stops and just not hit my take profits, so to counter that I've found that Stop and Limit Orders can be effective ways of getting a better price for each. As far as placement ...

Do you hedge?

Ya, all I was trying to point out is that she has the means to trade forever if she wished and with some good coaching even she could be a good trader. Actually, I agreed with the part about knowledge is everything. How we attain the knowledge is ...

Psychology is nothing

blueruby — This is one tough crowd, hey? It took a while, but I've learned to appreciate rude remarks, personal attacks and other forms of insult. They are much like the way the market jumps 100 pips for no apparent reason... an insult to my ...

Psychology is nothing

Well, I don't have a clue! Could you give us one... Is this some kind of spam-o-meter? What does it do? How much does one cost? Are there boobie prices for guessing wrong? Hope so!

Contest !!! Identify This Indicator

Paris Hilton would likely make a good trader, simply because she doesn't need to know anything and hasn't a clue about psychology. She could just trade and trade and trade until she learned how. Am I missing something here? How's that for ...

Psychology is nothing

My recent change of heart — The Trend is now my employee. I works for me if I let it, but I have to keep an eye on it so it won't steal me blind. I've recently proved to myself that there is an obvious, yet small, statistical advantage to ...

Much of What You Know About 4X is Wrong!

Yes, I wish I had the time to watch the charts more, but my time for trading is limited. That's why I determine a directional bias before placing my orders. If I'm wrong...oh well, C'est la vie!

Much of What You Know About 4X is Wrong!

The trend that's based on the fundies is the same one that shows up on the charts, or at least it should be.

Much of What You Know About 4X is Wrong!

Thanks for reminding me of the Summer of 2003 and the all but forgotten HIA (Homeland Investment Act). During this time most of the economic data was very bad for the US, yet thanks the cleaverness of the HIA several hours after each news ...

Much of What You Know About 4X is Wrong!

About the "Only". I was speaking from my perspective as a trader with a small account. I had recently closed my GBP/USD longs from last week, due to what I perceived as a possible significant correction that started on monday. You and others who ...

Much of What You Know About 4X is Wrong!

Wow, looks like I missed lots of fun here last night while I was sleeping! Thanks to everyone for providing lots of good reading material. Although the topics discussed, i.e. stop running, fundamental analysis and trends have been discussed many ...

Much of What You Know About 4X is Wrong!

Good one Dave, Who are you quoting in your 1st post here at FF? I found a similar article in Google from 2004...boy talk about fundies as laging indicators, phew!

Cable Update (GBPUSD)

Naw, they never pull shit like that in Asia session! he he he Crap like this really sets the mood for the holiday season aay?

Cable Update (GBPUSD)

Market Dynamics, of coarse. Was it as good for you as it was for me?

Cable Update (GBPUSD)

Hey Mr Demark, Have you come to terms with why this happened? Was your hope like dope? Or did the long term trend resume in your favor? Wow! 320 pips is a months worth of profit for many traders. Would love to here how it turned out. Personally, I ...

Exits: Our worst enemy

Welcome to Forex Factory Green David — You raise some good points. I wish I had started with stocks...I find them much more predictable in the long term. Oh well... One of my favorite analogies from Street Smarts was the comparison of fishing ...

Much of What You Know About 4X is Wrong!

That's cool Sometimes I wish I could just sit on my hands and wait for the major trend to continue, but I'm an adict, hopelessly hooked and always looking for that quick fix from a big stop run. Now I find myself waiting for the excitement of 'The ...

Much of What You Know About 4X is Wrong!