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Only so much that is new can be said.

Would a dog find MACD useful when chasing a rabbit? Of course not!!!

Elite traders??? You're having a laugh. As far for EUR/USD, no thats by far more difficult to trade that the DAX for which there is a definite edge depending on time of day using a very simple approach.

It could just be a random pattern that occured spontaneously, or it could be a hoax created by the baker to increase the perceived value of a piece of bread

Remove the sidebar please, its of no use and takes up screen space.

Yes, but perhaps I missed something as I didn't experience a revelation or maybe I was already aware of the gist of it.

Standard TA attempts to track price while filtering out noise. Such an approach requires there to be an underlying dynamic of price behaviour. If that was the case it would be possible to estimate the future direction and value of price with some confidence over short timescales. When viewing a...

Its not so much the details of the news itself that is important but the fact that at a specified time known in advance we can be aware and prepared that price may move in antcipation of an event before hand, or as a reaction afterwards.

0.5 is OK, simple to see approximately, everything else, all other Fib levels are bollox

Its amazing the various analogies people use to describe price movements:

Green line is 2 highs back and red line is 2 lows back. Bars turn green when price hits the green line, bars turn red when price hits the red line otherwise color is blue. Clearly a short exit based on price exceeding 2 highs back, or a long exit based on price falling below 2 lows back will...

The lad has his eye on a pair of tits.

This is a very long thread to answer/discuss this question: What every trader has to realise, is that all the risk management and position sizing techniques in the world are of no use what so ever, unless the trader is aware of the obvious pre-requisite to trading any market. Has the answer...

All the more reason not to use broker tools and instead develop your own model which includes execution innefficiences. Backtesting by itself though is pointless, its essential that there is the means to run a trading method forward on new data.

Spot on.

Fibs could be self-fulfilling if used by enough people but is there any evidence to support your belief that enough people use Fibs to make them self-fulfilling? I suspect the answer is NO. False beliefs and a complete absence of critical thinking seem to permeate these threads when any form of...

Agreed, but the 50% level in the range is often significant.

I need you clothes, your boots and your motocycle - AI

No I don't believe you, as I have looked into the method you quoted and it is apparent that you are talking pure fantasy. With 175 days of DAX 1min data, using the rule you specified in the first 90 minutes, and with the additional proviso of an interval of 2 minutes between trades results in...

I've no doubt that the OP knows exactly what he is doing, its just that without an exact description of his process most on here can't work out the details for themselves and then go on the attack. Two trades could be set at market open, one long and the other short with targets at a proportion...