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Interesting stuff. Thanks. :)

It was not meant as an insult, nor was my first comment to you. I specifically asked how the traders on this board differentiate between a pullback in a trend and a reversal of the trend. You seemed to want to argue on that definition and said they were the same thing, although it should have...

What if you just haven't found the right way to use them...? I know a guy who uses various MAs in his trading system, but he constantly adjusts them. There's guys who's been studying trading for 10 years also and still isn't profitable. Doesn't mean that it's not possible. That's an...

Well, after 3 pages you're finally recognizing the question I made in the OP. :) One would assume that after 'long experience' there would be some observations which could be helpful in order to discern whether it's a reversal or a pullback, then. Or are you suggesting it's intuition? But...

Back on topic - I would have loved to use a system consisting of MA's or MA-crosses, but haven't yet found anything which is satisfactory over a wide period of time/conditions. Such a system would have to somehow adapt to market conditions, either user-defined or inbuilt. I'm sure something can...

Now you're being less cheeky and more interesting. I say cheeky because it goes without saying that one should use one's brain in order to identify/establish signals. Some might disagree, but it's my opinion that signals should be established/tested outside market hours. Are you saying that...

Forget about higher timeframes. Call it change of TREND then if that's easier. On the chart I posted above, every move up on the down TREND was a pullback, not a change of direction/trend which was down for the entire down move until it reversed at the end of the chart and established an UP...

It's not unlikely that his stuff can help generate some ideas or perspective. His stuff might also mislead. But there's no way that guy is a highly successful trader. It just doesn't compute. But hey, a lot of people believe that, so more money in the bank for him. Flame away, fanboys... :)

Yes. Yet the newbie OP which clearly have a lot to learn have already reached conclusions... If the OP is not a troll, he should also ask himself how many of the people lashing out advice in this thread actually are profitable traders themselves... :)

In this nice example where the channel is drawn after the fact one can easily identify the pullbacks on the ongoing down direction. Every minor up move is followed by a larger down move for a sustained move down. Eventually, the market trades out of the channel and reverses to an up trend...

Did you not understand what I mean or are you being difficult on purpose? A pullback is a counter-trend move depending on how you define trend, i.e., down, if the trend is currently up. At some point in time - the counter-trend move will not be a pullback, but actually reverse the up trend and...

Which is what exactly? It's the same story over and over again and he seem to have you all fooled, but not me. Backtesting for 60 years. Sore eyes. Charting by hand. 20 people working for him. In the end his method seems to be about averaging down contract after contract in order to hopefully...

Is that your own brain or the one of Al Brooks? :) Visaria bought Al Brooks' trading course If you don't have any insight to share - why the need to make a cheeky reply?

Hi all, What generates your trading signals? Trend lines? Trend line breaks? Double tops/bottoms? Other chart patterns? Candlesticks? Indicators? How do you differentiate between a pullback and a reversal of direction? I can make a more detailed comment later myself, but currently use a...

Thanks, @gaussian! :) I've always wanted to read that book and it seems like it's precisely what I need now. My goal is mostly leisure reading and expanding my knowledge about derivatives. I currently day trade futures directionally, so don't plan on doing any business yet, but increased...

Is Options, Futures, and Other Derivatives by Hull still considered the general bible on options? 9th edition is a bargain compared to the newest one. If I'm not mistaken, Hull have actual experience as a trader and running a fund, so that's a big plus.

In Spain? Taxation is of course important. Tax rates have also increased recently in Norway. It's now 31.68 %. Long term - legal tax evasion needs to be considered, but right now it's not a priority.

I'm visiting Madrid next month so will consider that or other places in Spain as an option also. I've always wanted to live in Barcelona, but imagine the cost of living to be higher than I desire at this point.

This have been suggested earlier in other places and I assume it might be one of the places which offers the most bang for the buck as you say. Have you lived there yourself? Time zone is an issue, but I suppose it could work for a period of time. If I understand correctly, the difference is 12...

You guys read way too much into my private life and situation. Does a 3 month leave by default mean that I'm giving up on my family, friends and girlfriend? I've done a lot for my family and friends already. Some of my family members are not in a very good financial situation. If I should...