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Who the f*** are you? Was I talking to you?!? You just ignore my post fella, I very much doubt that you have anything of value to offer other than your poor attitude.

Hmm yeah, volume is a good indicator in this regard, however, I've predominantly switched over to currencies that have no volume.

Any chance of a bit of decent trading chart on this thread, I thought we were getting somewhere at one point... and can we drop all the Alice through the looking glass, mumbo jumbo, cryptic bollix? Half of you lot are breakout traders right? So how do you avoid getting caught in no...

Fair point Prof...

anticipating and identifying what are likely to be genuine and what are likely to be false break outs, before the fact, naturally. Would all of you lovely people be so good as to offer some thoughts and insights. Volume, price action, institutional manipulation, stop hunters, whatever...

When he says TA, he's referring to the regular text-book style of TA, not TA per se. In fairness, the lack of distinction with regard to this definition on this thread, has been the source of a great deal of unnecessary conflict.

LOL, I'd say 4 & 8.

Thanks for your explanation Oldareg, but I must admit that you're losing me a little with all the acronyms. BOB = BreakOut Bar aka. Thrust Bar right?

Oldareg, do you trade NRB breakouts then? On which markets and what time frames do you use? Also, what does PE stand for? I assume it's not Price/Earnings Ratio...

I'm inclined to agree with you on that. Contrary to the "learning from OTHER'S mistakes" argument, I would say that EXPERIENCE is definitely important in achieving CONSISTENT profitability.

TE, the FX markets represent roughly $3 trillion worth of trading a day. €$ represents about a third of that. (you may need to check those figures), but lets assume it's bloody big. With that in mind, I'd hazzard that there's more than a few idiots aware of fibs, including, Central...

Every bar OHLC on every time frame offers POTENTIAL S&R, 2 tests of a level I deem as minor S&R, 3 tests becomes more significant, clustered with fibs, pivots, etc. becomes major. That said, levels (minor & major) are being broken or at least overrun all the time, otherwise markets would...

Have you been on the sherry and port tonight TE? Potty mouth:D

LOL TE, and it most probably has very little to do with my analysis, I do get that. Perhaps the best way of using TA is to ID key levels and then when price approaches them do the opposite to the herd..

Mysteron, the title of this thread is designed to be deliberately inflammatory, so you shouldn't be surprised if it gets peoples' backs up, they read the title and get into the old Montague vs. Capulet, Technical vs. Fundamental mind-set. I know TE from the old site, so even though I would...

eurusd short closed +35 pips

Mate, that spike was like lightning seriously, I saw the price move down to 2682, took my eyes off the screen for a second coz there was a pesky moth in the room, looked back and it had already spiked back up (a tut and a head shake and needless to say the moth is now history). It's...

funnily enough, as I left my charts open from earlier, I noticed exactly such a spike on EURUSD and managed to sell at the top (fingers crossed I'm not tempting fate by saying that). I have a 5 point risk and an openISH objective, any kind of pull back into the range will be a nice little...

Well you could do, but based on the markets I trade, I would expect a retest of the highs and a possible stop hunting spike. I think to trade it at the level on the first chart would be a 50:50 gamble, I would prefer to have a good reason for thinking that a price will move in a certain...

hmm, sell a retest of 1250-60, good risk reward... Play nice y'all...