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Buy1Sell2, based on 240m chart would you consider going Long gold? I am long with stop $1 below current reaction low.

As soon as US indexes register a negative weekly histogram reading we go down, some European indexes already below the centreline, waiting upon US markets to follow suit. No idea on targets, but should be plenty of bearish points on the way.

So candlesticks without patterns aren't TA, whereas candlesticks with patterns are? :confused:

Markets do change, we can't alter that. We can adjust our money/trade management strategies though. Recently we see a lot of stop hunting going on, we can't change that, but we can adjust. If I see a bullish signal that can give me around 50 pts, then I can afford to lose 9 x 5 pts & get a win...

Daal, I have a question for you. If Blackjack paid 10:1 could you beat it a casino?

You are looking to establish an edge from a standard matter? When you were testing, what rules have been applied for stop management? Mechanical systems do not allow room for wiggle. Also, what about re-entry after a loss based on same signal, was that part of the test? What rules were applied...

Could you give us an example of any book that can educate a new trader to the level of making him profitable straight away? Do any books teach when to exit a trade? Having no exit strategy hurts people more than any single entry signal, be it Japanese candlesticks or Norwegian cloud patterns.

BS A quick glance over historical charts will show that a hammer works more often than not. What often doesn't work is trade management :)

Although I understand where you're coming from, what about the following. For instance, what if you wish to trade a 5 minute chart's action, which is bullish, but which higher chart do you pick if? 30min bearish 60min bearish 240min bullish Daily bulllish Weekly bearish Monthly...

Ignored a stop? 5% is not 50% :)

That is the hardest part in trading & is based on faith. Problem comes from fear of a loss. That's why sim trading is easy, whereas pro trading is not. So it is faith vs fear of a loss. So you have to analyse why is sim easier than pro. No real fear of a loss vs real fear of a loss. The...

not a fun day so far over here

Demtdayboyz are here? Can this be so?

Yes, I was talking about today's p/a :)

3 x bottom

Whereisdemtboyz?

Bottom fishing with narrow stops at the moment Industrial production numbers caused this ImPO

How many losses? <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2664034>

If you are being chopped, then market is choppy :)