Recent content by XEC10

The twerpy little snake boy thing speaks again, but whenever you do this image of you comes to mind.

I won't use the word algorithm because we are not robots, so what is needed for gambling is: A process or methodology for making decisions, when faced with uncertainty, that focuses on long term success. A problem with this is that being human, your personality can cause you to fixate on...

As I said before but this time emphasising two key words: "Confirmation is that thing in your process derived from price charts that convinces you that a potential trade is in a low risk area and that timing is correct to start a trade. " Confirmation does not mean certainty, it means having...

Low risk of course. Confirmation is that thing in your process derived from price charts that convinces you that a potential trade is in a low risk area and that timing is correct to start a trade.

Hmmm... the a bars look like the duration is weekly so the last bar isn't complete, so thats the possible reason its got small range, so it can't be used as a confirmation for anything yet.

The yellow bar was suggesting a short trade in the direction of the down trend. Similarly the last bar takes out the previous close and this time suggests a long trade, but here it is against the trend which is down. Also there is a level against which the last bar is pushing up against and the...

Takes out previous close, confirming entry for short trade.

Macattack, If you can't get around your work computer network issues do you have any other options that would allow you to continue trading, such as flexibility in your working hours, or changing shift hours, that would allow you to have time to trade from home. I don't know if trading...

Macattack, tread very carefully in what you are doing. Most companies will have a policy regarding employees using company equipment for personal reasons, such as doing the odd bit of photocopying or using a PC to access the internet or for writing a letter. You should check what your policy...

Plan your trades so that you expect to gain in the long run http://en.wikipedia.org/wiki/Law_of_total_expectation

What is it that a trader should do when considering to take a trade? Answer that and the 'required OBVIOUS' should become clear. We look at a price chart and within our timescale of interest, we decide where price may go to as a possible target, and where it may go to as a possible stop, or...