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In hind sight this was not a good trade. the 200 ma was flat or slightly down.

thanks for your take/ opinion. you may be right.

i do not make loss in demo.

i do not make loss in demo

yes it is a crutch; it does not tell you anything new; you could just eyeball the chart. But i need a crutch so i use the averages; it helps give me confidence and confidence commitment is critical in trading If you need a walking stick or a crutch you had better use it and not feel ashamed

i do not use crossovers Traders have dismissed the use of moving averages but it does help in interpretation of certain market conditions just like price action does. I use both and perhaps if you are interested in how i use both, you could visit my journal where i explain in depth with charts...

in the markets there is no one side;there is always the need that the other side of the transaction be taken.it does not mean the other side is 'wrong'[ there is a fool in every transaction,as the saying goes, i do not agree with this saying] it just means that the other side has a different...

I am really loving this forum. even the teasing and being made fun of.I am mature enough for all of that. Love the exchange of ideas

yes it is a crutch; it does not tell you anything new; you could just eyeball the chart. But i need a crutch so i use the averages; it helps give me confidence and confidence commitment is critical in trading If you need a walking stick or a crutch you had better use it and not feel ashamed

PERHAPS I SHOULD REPHRASE MY COMMENTS IN THIS POST. Traders have dismissed the use of moving averages but it does help in interpretation of certain market conditions just like price action does. I use both and perhaps if you are interested in how i use both, you could visit my journal where i...

of course i do [forgive] I am the worst trader in the world. Thanks for your good wishes and please continue to drop by, to post and give your valuable insights.

i am not sure if i said only moving averages should be used but it is possible that impression may have been given.

All experts say that traders should keep a journal..,

I have been learning and studying technical analysis since 1994 but i still cannot turn a money profit. I do not make a loss in demo/sim.

the size of these trades is tiny: i have lost over 100000 usd i am the worst trader in the world I am still trying to learn in spite of my grandiose screen name

i entered a long trade see chart i use the following moving averages 3,8,20,50,100,200. the main use of these is as context and as reference points;there is no magic with them and i do not expect any such attributes. What do I mean by reference points?:In the chart you will see eurusd move past...

this trade i closed at break even

i am still a mortal:D

this is a great forum to meet traders thanks all for dropping by i do not know even one trader in the real world

hahaha no i may add some zeros after trading for a while!