My take on it is don't be 'rigid' in your trading, indicators and such can build hope and a rigid style of trading that you really want to believe in but they can actually help you to make poor decisions at times but you won't know until it's too ...

Technical Analysis Fallacy

I took it as 'price' follower, as in perhaps a line chart.

Technical Analysis Fallacy

Yep, I've been waiting for the break off 229 for a couple of days myself and it has been slow going indeed. I picked up a few pips after the open yesterday short, then went long for a few and I'm short again now for something to do. I'm working the ...

pipprincess' trading journal

well said as usual, point taken

Technical Analysis Fallacy

Here's the chart for reference -

MickD's 'Common Sense' journal.

Still waiting for the breakout with my long order on the 4h, though I did get bored (itchy trigger finger) yesterday and just started watching price action ofter the gap open on the 5 & 15m charts. The price started to head north but failed, I ...

MickD's 'Common Sense' journal.

Hi fti and All, great thought provoking thread! Is TA a fallacy? I think yes in the terms that you can never predict what the market will do, that indeed is impossible. Can you 'read' the market to base your trading decisions on though (i.e. the ...

Technical Analysis Fallacy

Well, that didn't work out how I had hoped results below. I need to work with one time frame and stick to it I think, I'm using the 4h to decide which way I'll play it but watching the 15m all day only to see it go against me. I also think I'm ...

MickD's 'Common Sense' journal.

I called the journal 'common sense' so that when I enter a trade here I think hard about what I'm doing and it does indeed make sense given current market conditions. Ok, first trade figures attached below (note that profit column is in pips with ...

MickD's 'Common Sense' journal.

Good to see you turn a profit! I can't wait to see your study, sounds good and similar to what I've been pondering. Like you said though, the markets are far too random to take any indicators on face value and I wouldn't place a trade purely on a ...

Caution: Math Geek at Work

Ah well, my four got stopped out but I still have one in in case the trend continues. If I had real money on this one I would have been up all night to stick with the buy-in strategy and could have done a lot better but it did pretty well I think - ...

Caution: Math Geek at Work

I'm still in and just bought another unit @ 229.12, this one has the stop at 2xATR with the others trailing at 55pips. I missed some buy-ins last night as I set and forget and went to bed, sometimes that works better than watching the markets as ...

Caution: Math Geek at Work

I guess I'm after something that shows the price is away from the median and therefore show some potential for a return to it, doesn't matter as we know all indicators are after the fact but they can help support a theory or confirm one. This is ...

Caution: Math Geek at Work

I think you're right, that would be good thanks Bob. I think I didn't wait for the ZLR so would the almost zlr on the 14 about 8 or so bars on count as the 50 was above the ZL even although after the 14?? edit - scratch that, thanks Bob, that makes ...

Trade the fundamental principals of financial markets- at your own risk!

In fact, looking at the chart now I might even enter earlier at the CCI50 cross over -50 and the 14 over 0 given the prevailing longer term trend and it's setting up again

Trade the fundamental principals of financial markets- at your own risk!

This is how I see it for a long, is that correct? I would have exited at the line at 01.15 (a reversed signal if you like).

Trade the fundamental principals of financial markets- at your own risk!

Thanks for the system bobblong, I've been using it all day but only after I went long on a G/J so I was quietly hoping your last pick wasn't 'too' accurate. I'm looking at the 4h though but if you look at a bit more history on the 15m you can see ...

Trade the fundamental principals of financial markets- at your own risk!

Btw, I'm trading the 4H for that trade so it will take a while. In regards to box theory (I haven't quite got to read your paper yet) what would you recomend as an indicator that would be a close match, CCI perhaps? (what a coincidence there's a bit ...

Caution: Math Geek at Work

No prob's. The hardest part with this strategy is the first couple of units in, like at the moment I still have 2 in as per previous post but I have a very wide stop (as per your blog entry ) which is a bit scary with the current pull back. I'm ...

Caution: Math Geek at Work