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it's not a race. it all depends on your own personal context in which you are using different interpretations of price action ... i personally find candlesticks as being too fast and needing supplementary confirmation... that.. i find to be inefficient.

but the one using 1 minute bar does not have the same formation as you and maybe not the same bias/trend.... so what is the point?

nice rounding bottom, although a lot of volatility intraday for the past 2 days maybe you'd wait for that to clear up...

go to amazon.com and look for the books. none of them are about currency trading but are about trading, period.

Elder for a general view on the business and Douglas for the rest. Other than that... Forex books ? You don't need forex books. Go to any broker's site, click on education and read about the FX market as a whole. Go to investopedia also and read about the market and it's pairs and that's it...

anybody who has that amount of money and does not keep it in an offshore account is not in his right mind. i don't really understand the act... if for instance i own a $40mil house, what do i have to do... sell it and pay the state half of it ???

oh well... who knows... but 30-50 books is unheard of! and 700 hours may not be enough. i mean... you don't learn to trade from books... that's for sure!

ok. i take it that no one has any opinion on the initial subject ... good. as i expected.

great.

you don't realize this, but you are truly making a fool of yourself.

and another thing..."my friend" i ain't your friend. i don't need advice from you. you are a big fat 0. stick around until your opinions are valued. cheers

do you have a problem, or my charts don't make sense to you? it's a big difference from what you posted... I raised a serious, coherent question. If you don't have anything related to the subject, please get the F!@$ out of here, you moron!

I was looking over a trade that occured just now on the EURUSD (outside my trading hours) and i want to give an example of what i was asking. This trade was a short EURUSD, we would have still been in the trade with about 1/3 of our initial capital. 4 hour chart signals a swing low...

I was wondering. All educational materials are talking about chart patterns as being triangles, flags, pennants, wedges, scallops, and so on... BUT Many of them fail to include the higher high, higher low pattern. Are they making a mistake or is this in it's own league?

i honestly think that one has to find this out on his own...

Instead of trying to get the guy out of the business why doesn't someone explain the entire scheme of things? I'll try here. To the OP: Listen, there are 3 aspects to trading and they have been described in numerous books. I will paraphrase Dr Elder and say: MIND METHOD MONEY...

"are you for real" ...and i presume the statement account also contains screenshots and comments of the trades, riiiight? to the original poster: don't listen to the nutjob above... excel will do the job....

and another thing: in order to scale in you have to be used to watcing pure price action. you can't scale in effectively by using indicators. it's just too late.

averaging down is a matter of prediction. this is why it fails. you predict that the market will eventually stop before you get creamed. this is absolutely stupid. averaging in, or scaling in is, by contrast a matter of reaction. say you enter 30% of your trade when new highs are...

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