Actually, I don't want to be either one exclusively; although, I must admit last nights counter-trend trade had tight stops and a short term profit target based on the probability that once price broke it would continue to the next Fib level. If I ...

Much of What You Know About 4X is Wrong!

Hi BR, I found a copy of the book you mentioned by LBR and LC called Street Smarts and published in 1995. Most of the book deals with paterns they use in the futures market, but I did find the quote you mentioned also. The book has some pretty neat ...

Much of What You Know About 4X is Wrong!

Dear SunTrader, What was the purpose of posting this, to antagonoze me? Does the fact that the current trend matches the long term trend somehow justify sticking it in my face? I saw nothing constructive in your post or in the last few posts before ...

Much of What You Know About 4X is Wrong!

Surely there must be more than two types of traders. Please don't judge a book by its cover. Here's an example of two things I first learned from books. Triangle patterns and Fibo Extentions. I first posted this in a systems thread back in late ...

Much of What You Know About 4X is Wrong!

OK SunShine As illustrated by my account statement, since Oct 2 GBP/USD has moved down almost 200 pips and up just over 400 pips, yet somehow I was able to gain aprox 400 pips most of which I gained before the major up trend resumed. I would have ...

Much of What You Know About 4X is Wrong!

Sounds like a great line of trader clothing. 'Camo-bull wear'

Cable Update (GBPUSD)

smjones is right. If you need to find something specific ask PeterFM in the Beginners Forum. He's like the Forex Factory librarian...if it's here he knows where! and he's a great guy besides.

I urgent help

Tennis anyone? Sure glad I'm wearin my pocket protector today!

Cable Update (GBPUSD)

Well, if you can make that happen here... there's a great job for you waiting in Washington DC!

Is all this catagorisation healthy?

OK so you're a newb. Find or better yet, develope a strategy than makes money consistantly. If you develope it you will have a much better understanding of its strong and week points. As you're developing the strategy you can gradually code parts of ...

Market conditions: trending vs. ranging, technicals vs. intuition

One of the patterns that exist with unusual certainty is the tendancy for price to return towards pivot points more times than not. That is one reason I favor a strategy that utilizes, at least in part, range based trades and hedges (of the one ...

Much of What You Know About 4X is Wrong!

It has been a gradual transition over the past 3-4 months. Before that I relied on indicator based systems, then I switched to trend based with areas of support and resistance. Now for the last 3 weeks I've found ways to Hedge most of the time. The ...

Much of What You Know About 4X is Wrong!

First Post Update — The 1st post in this thread has been updated to better describe the threads purpose.

Much of What You Know About 4X is Wrong!

I think this is why hedging appeals to me so much. Nothing is 100% but my experience thus far is one of steady profit, sometimes big usually small, but profit non the less. Also I'm able to carry on a busy life outside of trading with hedging and I ...

Much of What You Know About 4X is Wrong!

Now I can sleep on that! I wish. Good night!

Much of What You Know About 4X is Wrong!

If chaos truly dominated the forex market randomness would be the norm. I believe that the Forex is anything but random. It only exists because it's creator/s benefits from it. Order is need for benefit to be derived and order must appear to be as ...

Much of What You Know About 4X is Wrong!

Another good trending pair has been USD/NZD, but I tried to get in 2yrs ago just before a major correction. That's one of the many reasons I'm now Micro sized instead of mini. It is possible to trade with little regard for the trend by using ...

Much of What You Know About 4X is Wrong!

Thanks David — That is the most reasonable theory I've seen today. Now price will need to trade in 'honest' (slow compared to last night) fashion to where ever the market really wants to go. Not so crazy after all.

Dollar.....Whats Next??

I mean Crap! The noise gets to be too much at times like these. Buy now! No sell soon! Those A hole so and so's. Dam market. Dam Dams. Dam a lam a ding dongs!

Cable Update (GBPUSD)

Yep! Sell the rumor buy the fact. By the way, Let's not forget about the reason for the London bankers moving to higher ground. Rising Atlantic seas which will wipe out all of England soon. OOPS! I forgot the US Atlantic coast. Why has the NYFed not ...

Cable Update (GBPUSD)