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the only thing that works for sure is that price moves up or down at any time the mkt is open

Joab: What you haven't learned in your 20 years of god knows what is to be tolerant of other opinions. My post was by no means putting anything in a box. It was meant as a discussion about adopting the type of TA that mostly suits your trading style. all others: Thank you for your well...

I am starting this thread because i need to share something to the people who are struggling. The most important thing in Technical Analysis is understanding what style of trading you are adopting. Many people losing money have no idea what they are doing because they are self taught and...

NO IT NEEDS TO BE BRONKEN DOWN TO NUMBER OF YEARS SPENT TRADING THE SAME OR ALMOST THE SAME STRATEGY. 90% might be losers in the first year, but i guarantee you that the percentage is much much lower in the case of traders trading for 5years+. Cheers ...and stop the bullshit!

with a bird's eye view, yes.

i promised a chart so here it is: unfortunately today was not the best day with all the rate announcements in EU and UK, but still, this trade managed to do it's duty at least for 2/3 of my position. So, my bias (the environment) for today was bullish on the kiwi (although i use...

observing objectively also helps you in letting winners run better and avoiding taking profits early out of greed or fear.

at the end of the day, i will also post a clear example, hope this trade works out :))

IMHO and what has been working for me: A. ENVIRONMENT B. INSTANCE C. TRIGGER D. TRADE A, B and C together form what we call the setup. Environment: -usually the market sentiment, the trend (or something else if you are not trading the trend), established by looking at a distant...

I thought about posting this since i had years struggling with indicators and then some years struggling with chart patterns, until i finally came to a conclusion. None performs better than the other. No matter how much people say that chart patterns are better than indicators, they are...

the MA overlay is read based on it's slope or the relationship with the 50 level ?

hey! uhm, am i using the x/4 as "value", where i look for trades, and the TD Demand/Supply Lines combined with the MACD Histogram (to confirm a line breakout; an upside breakout has to occur while MACD Histogram is positive). But the macd histogram can be replaced with a 3 SMA / 9 SMA...

joab: i agree forex trading can really bite people. and by no means do i recommend trading very short term using broker prices and/or charts. however, there are ways you can trade if you step back and only look for certain things to happen. For instance, if you trade reversal patterns at the...

i don't disagree with you on that.

to the OP. first of all i appreciate the exchange of information which to me looks pretty well documented and with good intentions. however, the remark about the forex trading being based on NOTHING is a bit off... brokers charts may be manufactured, i mean nothing is stopping them...

i personally don't trust the formulas for the support and resistance levels (whatever variation may be, classic, td, cama or woodie), but what i do trust is the central pivot because it expresses value and things get quite relevant in that area. I consider the TD x/4 level to be more relevant...

i only use the "central" pivot level which i consider to be "value" for the day and then i am looking for a TD Demand or Supply Line in the direction of my session-to-session bias. If you want i can post some charts with that level. It is usually close to the traditional central pivot point...

even though the formula lacks a central pivot point per se, that value can be derived by dividing the x in the formula by 4. i've seen this level as being very accurate to say the least... anybody else gets this feeling?

anybody using them? i would like to open up a discussion but only with ppl who really know and use them (i use them too).

thanks bogan. i also thought that you need to have faith and really risk a small amount, even if that means gaining an even smaller amount... however, what i am thinking is like... risk more, but let a winner run even more... what would it be if one would combine regular stops with...