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Yes the Turtles trailed their stops but they weren't using what 99% of traders and all brokers call a trailing stop. Its what I call a ratchet stop, it isn't drawn automatically as price advances, its re-set manually and usually only after the latest close. I always prefer a Turtle stop or...

EUR and GBP are highly correlated currencies, and the pair therefore has a very low historical volatility score. This is the least volatile GBP pair - GBP/JPY being the highest (it's the most volatile of all the major pairs) and even GBP/USD is higher. Low volatility suggests lack of...

I am long S&P, as usual. I'm happy to short forex but never short the US stock indices.

skinny, start with the favourite strategy and one major. The majors are highly correlated and there are basically only two strategies so the task is not too intimidating. You will never need 30 markets on your watch-list because you will never be able to wring the maximum profit from 29 markets...

The whole basis for using a signal copy service is faulty. It relies on two initial presumptions which are both flawed and this allows a spurious market to spring up in signals. The false starting points are - 1. as a new trader I must invent my own strategy in order to be profitable 2...

Yes, my sell order triggered the next day, 28/11, and I am still short. I obviously wasn't expecting the big drop on 20/12 following the BoJ news but it certainly didn't do any harm.....

PA does not exclusively mean recognised and named candlestick patterns, though these are reflections of unending human behavioural tendencies. For example trend - people tend to be interested in buying any asset which is rising in value or price: that doesn't automatically mean that for example...

Valid strategies don't permanently stop working if they're based on price action as a manifestation of market behaviour. If market behaviour changes of course, such a strategy will either increase or decrease in effectiveness but it can't become invalid: plus the specific market changes will be...

I have a sell order on this at about 137.6. I'll be happy to get in there, and that will be early enough for me, this isn't the most bearish pair by my standards. If price gives up trying to get down there I can put a buy in at around 142.3 but that level could change depending on how price...

Sure. See Skip to about 36:00.

Well, Williams himself did add indicators using a series of MA's to confirm trend. These raised the probabilities of the trades taken I'm sure. But they never were enough to reverse the trade direction.

Fractals are not of great interest to many traders. They're the simplest pattern: Bill Williams used them to generate a buy signal. His fractal high comprises 5 bars, of which the middle one has the highest high, while the two before and the two after have lower highs. He taught (and traded)...

Yes, the exit tactics should be determined in advance, while the trade is being planned, in just the same way as the entry should be planned. Some traders who actually do plan an exit make the error of stipulating the exit signal must be the converse of the entry signal.

Hard to understand why illegal immigrants don't receive a life-time immigration ban.

In the UK our strange new Conservative (right) government is proposing to encourage immigration by unskilled potential workers so that they will be able to do unskilled jobs to help the economy grow. This is strange economics. The immigrant workers will not be temporary migrant workers, they...

OK, I'm speaking as an Englishman and obviously the UK has in the last couple of years exited from the EU. the new Italian leader seems keen for her country to do likewise. Leaving the EU is regarded by some US commentators and politicians as an insane example of extreme self-harm. But I wonder...

Have Italians lost their minds? Since the end of WWII, Italy has had 69 different governments, at an average of one every 14 months. The political structure is so fragmented (and dogged by corruption) that administrations are often temporary coalition alliances with little parliamentary power...

The law in England used to be that everybody had to pay over one-tenth of their income in either capital or goods such as their crops ( a "tithe") to the local church. Ancient tithe barns still exist in the countryside. Of course there was no Income Tax at that time and no local authority...

The City of Barcelona made the right decision but for the wrong reason. They should have reserved the duty to themselves to treat men and women differently in different contexts, whereas they have effectively abandoned this obligation in order to be seen to oppose sexism. They should have...

I'm sorry that I can't vote, as I don't believe in any of the three options.