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But its all just the same thing, is it not? Whether day trading 5min charts, or swing trading from dailies, the patterns and the theory remain the same. Sometimes the price action 'works' and sometimes it goes wrong. I believe that there is a form of short term fundamanetal analysis that can...

With 8 posts, I doubt that! How convenient that you cant provide any proof :) Lets leave it there as to not de-rail the thread. I dont think you have an 'edge' but are just another frustrated 'trader', and my honesty exposes you!

Sorry. Yes, had a trading plan and a journal. I think having a trading plan is kind of pointless, but i made one years ago anyway, just on the advice of various trading websites. Assuming daytrading is possible, At the end of the day, your method either works or it doesn't. Having a...

Maybe...although there is next to zero proof that this can even be a business if you are just a little retail trader, trading from home. I think maybe you just want to believe that it is a feasable way to make consistent money . Post up some statements or maybe some live trading calls. cheers

If it was about intelligence and hard work, surely the success rate would be much higher than it is? When you talk about an 'edge', are you just talking about a pattern you've noticed, or having good descipline as an 'edge'? I think that word (edge) gets used way too much. I think an 'edge'...

I dont know 'why'. If I did, i guess i'd be able to fix it! I believe that there is a missing ingredient in my trading, and it is something that nobody 'in the know' will divulge to outsiders. I get the feeling that it lies more in the 'fundamental analysis' field though. I've mainly spent...

Why, if 90-95% apparently fail? And 'edge' implies an advantage over others. I cant imagine an advantage that a retail trader sitting at home looking at charts can have. I think true edges require that you are on 'the inside' and are able to access information others cannot get their hands on...

I've got that, and then some!!

Well, sadly I agree with you (as per my own thread about losing traders of which I am one) In it, I mentioned that only those privvy to information via working for firms etc, are able to make consistent trading profits. Where does that leave the guys claiming to make loads of money trading...

Whats your point? They dont fail because they consider PA to be a part of TA. What they consider it to be and to label it doesn't effect its usefulness. They're still using PA.

460 pips rally since this post from a few days ago, lol

Price action? Hopefully he'll come back and confirm that that it what he meant. I doubt it is what he meant tho. Most people consider price action to be a part of technical analysis.

I never see anything else discussed other than TA and FA. What else can be used alongside TA? I wasn't aware there was a 3rd option. Maybe thats why I consistently lose money? Anyone else wanna help me out as to the 3rd method aluded too?

What do they use alongside TA? Fundamental analysis? Do they get a bias from Fundamentals and only take TA setups using a directional bias from their Fundamental analysis? If so, what sort of non FA would one use for trading currencies? I imagine with stock trading you'd be looking at PE...

Absolutely!

up 330 pips now since my initial post :) Thinking about it, the fact that my forced stop out always marks a swing high/low to about the PIP can only be very very bad luck on my part. Annoying. It rubs salt in the wound.

So you do trade? I was under the impression that you were very anti-trading for some reason! lol. Must have mixed up your posts with someone else.

I've tried most timeframes over the years, and trading using levels from hourly charts, and signal from 5 and 15min charts gave me the *best* results, although obviously not good enough!!

I imagine so. At this point its not even the consistent losing that hurts, its the fact that the point at which i am forced to liquidate my positions ALWAYS marks an important swing high/low! lol (notice the 350 pip rally in GBPUSD since stopping me at the low a few days ago??)!! What is...

Would have worked nice against me, lol. Wuold have took about 3 ticks of heat, and been up about 280 ticks this morning. As I predicted in my initial post, i got stopped at the exact swing low.