PivotFarmer, The motivation I was taught in the stocks and index crowd was to find a method that no one else had, so the price you find doesn't keep falling short because the big boys knew you'd try and use it. I guess your motivation works, too. ...

Indicators are Liars! Support and Resistance Trading for FX

Yes, exactly, it's the spikes or trending market that'll get you when you scalp. Believe you me, the profit is fake and the loss is real. Your words sound similar to my experience: At forex for a year, demo-only about eight months, baseline earnings ...

Scalping Signals

You understand the full psychological impact of trading, one month in? That's impressive. Next, you need a trading method to hone your psychology skills, right? A lot of people match their personality type to the method they choose, I'd guess to ...

Observations Of A Newbie Trader

Interest in patterns usually centers around isolation for a simple pivot or their being taken for granted to register the price-time line's direction, so I gathered patterns' attributes to create a baseline of understanding. What patterns have in ...

EUR/USD patterns

Congrats on your earnings. How many trades per unit of time do you make? Consistency also depends on this. So, if you make a dozen trades a day and lasted 4 1/2 months, then I'd imagine it's for you. If you traded two to three times a week, you're a ...

Is the Forex market suitable for me?

Took a break looking at my psych. Got a slogan from it. method: News or other valid event lines seem to do fine for a general trend, and 1-1 lines off sides and such for the latest direction around the general trend. Sometimes the event lines are ...

Pattern's Chemo-Electric Trading Journal

Jhig, Simple is fine. Only thing I don't like about regular trendlines is they're not precise or warranted. Draw a trendline attached at top or base of candles tied into a significant event (news, a really big or tiny move, etc.), and you no longer ...

Trendline Break (The Only System You Need)

gist, gut instinct trader? anyhow, gonna review each only this way. Still set up each technically. 2009.08.13 00:27 buy 250:1 gbpusd 1.6489 0.0000 0.0000 2009.08.13 00:37 1.6497 a fairly obvious breakout, technically gist-wise, took first jump and ...

Pattern's Chemo-Electric Trading Journal

ROFL! Now THAT's pessimism. Give the guy a chance.

In love with patterns

People trade charts, not randomizing programs. Another view would be from here : " You may observe head and shoulders and similar patterns in random data, but you will not observe support and resistance levels. Studies of foreign exchange markets ...

In love with patterns

Charts->template->save template saves your lines; draw new lines atop template and erase unwanted lines. When you load the template, old lines disappear from the chart, but you'll know why.

Lines are disappearing

Okay, it's trading again. Closed that account with the trade posted in another thread, since that trade was illegal. First Sunday trade went fine. Hmmm.... The latest sojourn into psychological description ended in someone else inspiring my next ...

Pattern's Chemo-Electric Trading Journal

just tossin' around ideas... — Just read an excellent message from the 1' thread. It talks of flexibility being a good thing. Yet, it's the very thing that messed me up in my last trade. I think, it's more sharpness in using flexibility as ...

Pattern's Chemo-Electric Trading Journal

Watching the tick move the bar, especially in lower TF's, during live sessions is an invaluable indicator, even if no one has yet programmed it into a simulator or otherwise . The timing of a tick with the price movement on the chart and, ...

How Could a Trading Simulator possibly be accurate?

second of lots of mm practices: (same setup as last one's) Okay, now that I anchored, I want to explore a larger reason to perhaps hesitate toward or .. I don't want to go with a trail-limit yet, because I'm still building into any reason and ...

Pattern's Chemo-Electric Trading Journal

first mm practice — Having misplaced the simulator (computer problems), I started a random EA to get the history and drew arrows and short lines for trade entries and exits. The last post's 'brief example' was me. Again, it said Say you're ...

Pattern's Chemo-Electric Trading Journal

(removed from post#1) , and get high, consistent returns from my 1'TF-specific bar spread trendlines and the current approach (which in the past has been contiguous typical patterns, an interpattern interpretation grid for generalized patterns, a ...

Pattern's Chemo-Electric Trading Journal

First lesson, "Cut your losses short." Been NOT doing this since my first 'make-up' trade with KTEL in early 1997, so it should make a difference. First, I made a list of different ways I've done "Cut your losses short" and "Let your profits run" in ...

Pattern's Chemo-Electric Trading Journal

This is an excellent thread. Thanks for starting it. Below is what it says to me. Dopey wrote "Basically, you've assigned a value to the results that have nothing to do with trading, yet everything to do with how you view and judge yourself. " ...

Benefit most from Demo Trading

Sorry for your job loss. You've been asking for others to help you for a while. Most of trading, from the many years I've failed at it and from what I've read, is about psychology and protecting your trades from yourself. Here's some articles I just ...

What Should I choose - Equities, Commodities or FX?