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But if you noticed, he used the same Bullish Engulfing (BE) pattern to enter 4 trades at the BOTTOM (I even highlighted them for ya). Again, this has nothing to do with the author's trading skills. I'm sure none of these are actual trades. He's demonstrating what BE is and how it is to be...

No, sorry but I believe it's you who's mistaken. By definition, Engulfing Pattern is where the second candle body completely ENGULFS the first candle body (or nearly engulfs in our case, since that's how the author has done for his patterns) without regard to the length of the tail shadows...

I'm not arguing about "trend, impulse, correction, range a candlestick pattern happens". Look at those 2 Bullish Engulfing patterns that I've marked on the chart. Those were intentionally left out by the author. If they were included as they should have, then those trades would have ended up...

USDJPY getting decimated tonight. Got lucky catching that down current. However, I say we've finally turned the corner. Just jumped in long from 145.27.

Right timing is often more important than the correct forecast For the majority of traders, this experience is often frustrating due to the lack of certainty and frequent failures. The reason behind the uncertainty is simple. While technical tools like moving averages, trendlines and channels...

I want to maintain a positive vibe in this thread but I would like to point out that you need to also maintain a healthy dose of skepticism when it comes to trading books, especially TA-related and candlesticks. I personally have nothing against any of the specific methods or strategies these...

One windy day two monks were arguing about a flapping banner across the shore: The first said, "I say the banner is moving, not the wind." The second said, "I say the wind is moving, not the banner." A third monk passed by and said, "The wind is not moving. The banner is not moving. Your...

Well, I thought your backtest was done on MNQ...

$40/RT for slippage? Let's do the math again, shall we?

I assume you're talking about fundamental analysis. Sure, there are many ways to analyze the data to find underlying values. But there are also many unknowns to consider, such as can the company turn itself around? But does anyone really know? I doubt even the insiders would know for sure. One...

$100K for a friggin' pick up truck??! This is pretty f*cked up IMO. We have some serious problem with homeless folks lining our streets in California and here we have idiots flashing their wealth in their robo cars. :vomit:

"A body in motion tends to stay in motion unless acted on by an outside force". — Newton's First Law of Motion When a market is moving in one direction, it is more likely than not to continue to move in that direction. To get in its way is to swim against the river. Usually when we swim...

And yet, I don't think anybody would say "buy low, sell high" is the same thing as "picking the exact bottom and exact top". Just because you think the stock is overpriced, that doesn't mean it can't go higher, and vice versa for low priced stocks. That said, there are reversal patterns like...

Dude, when you short a put, that's the same thing as buying a call. So it only makes sense you made money as the stock went up.

Like how much "more undervalued" are we talking about? Suppose you got in at $50 and it's now trading at $25. That's 50% discount, so it must be considered a real bargain, no? If you're a successful trader/investor, however, you wouldn't allow the stock to fall as much as 50% in the first place...

"Everything should be made as simple as possible, but not simpler." — Albert Einstein

Far and away the worst error anyone can commit is to add to a position that is a loser. There is no worse curse than making money while violating this cardinal sin of trading. We are only setting ourselves up for the one that doesn't come back. Averaging down, as it is called, means that we...

Chill out, bro. He's saying some folks aren't worth fighting with, ya know, like SML. Better you throw him on ignore.

Or you could simply say you finally made your big fat $Million TODAY. And based on everything you've said thus far, I'm sure nobody would question the veracity of that claim. *cough, cough* :sneaky: