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    An Attempt to Learn How to Trade Consistently and Profitably

    It depends. The longer you hold, the more fundamentals matter, but for short term trades, it's mainly about technicals and news (including weather events for the ags and sometimes oil). Any instrument can be traded short term (a few minutes to a few days, or even a few weeks) with very little...
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    An Attempt to Learn How to Trade Consistently and Profitably

    Longer term, exchange rates are driven by differences in bond yields set by central banks, but right now every major central bank is targeting yields near zero, so trends are very weak. Short term trading, such as intra-day, is driven by news announcements (mostly scheduled--see this econ...
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    An Attempt to Learn How to Trade Consistently and Profitably

    @attempt, School and LEARNING to day trade at the same time--that's tough! During the school year, why don't you just trade very small positions on the weekly charts? Then you only have to check them once a week, but you will still be learning the basics. Market prices are fractal in nature...
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    An Attempt to Learn How to Trade Consistently and Profitably

    1000 trades with the same plan is way more than enough to evaluate the effectiveness of your plan. But if you are trading by the seat of your pants, no number of trades will ever be enough to be meaningful. "Discretionary" does not mean trading without a plan. It just means you have some...
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    An Attempt to Learn How to Trade Consistently and Profitably

    "I wont trade the open, maybe wait 10-20m until I start opening positions." -- This is why I am a fan of reading books and articles by experienced traders (unlike some people). It is the near universal wisdom of experienced traders that you don't enter trades in the first 20 to 30 minutes after...
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    An Attempt to Learn How to Trade Consistently and Profitably

    "After a loss, it can be hard to turn off, and wait for tomorrow to start again." -- If you keep your losses to around 2% per loss of your initial trading account, and your trading plan has a positive expectancy (you'll make money over a large number of signals), then you can shrug those losses...
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    An Attempt to Learn How to Trade Consistently and Profitably

    "I had a short bias from the gecko" -- Unless you were shorting GEICO (Government Employee Insurance COmpany), which uses a gecko as its symbol, I think you mean "from the get-go."
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    An Attempt to Learn How to Trade Consistently and Profitably

    QUOTE: "NOTHING MADE SENSE as the markets were going higher, treasury was increasing gold was decreasing usd/jpy was increasing." Makes perfect sense (not that markets always do, but they do in this case). When Treasuries move higher, that is an expectation of lower rates due to expected...
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    An Attempt to Learn How to Trade Consistently and Profitably

    If I were seeing higher lows, I would not go short unless I saw the price pulling back from an overbought position. Until then, I would look for long signals only. Higher lows means the bulls are outbidding the bears at increasingly shallow dips, but the erratic highs indicate the bears are...
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    A Colossal Failure of Common Sense

    " It´s far more 1999 than 2008." -- That just means it's another stock bubble instead of another real estate bubble. "If Alan Greenspan could go back in time, what macropru tools should he have used in the dotcom era?" -- He should have initiated a sustained campaign of interest rate hikes...
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    How I trade 8 currencies and their combinations and make $$$ each week!

    @MarchFX, Do you live in a West Pacific time zone? NZD pairs are fine for longer term trades, but for intraday, aren't pairs with higher volume and tighter spreads preferable? Also, the London session is definitely best for intraday, although I realize some people cannot accommodate themselves...
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    Why is SPY holding at near-record highs with demand driving bond yields down and gold soaring?

    Fed has not yet reversed its tightening cycle, just jawboned a lot. Reason bonds and gold are rising while defensive stocks outperform is flight to safety. US stocks are not falling yet, but have been stuck in a trading range for 18 months even though debt-financed corporate stock buy-backs have...
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    Any tips for me i have been paper trading for a month made 1786 thousand with a 10k acount and im 14

    The feature you describe does not make the BB worthless. It just means you have to use the indicator for something different than what you want to use it for. It's like complaining that a screwdriver is a worthless tool because it doesn't work on your nails, or that a fork is the worst...
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    Why Is The US Dollar Flying Lately ?

    It's not a conspiracy:
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    Petroleum Powerhouse: Why America No Longer 'Needs' the Middle East

    Journalist Bethany McLean made her name writing about Enron and the 2008 financial crisis. Now she has a book out on a new subject of interest: "Saudi America."
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    Verizon finally starts rolling out real 5G -- starting a new technology paradigm

    Why hasn't there been more testing first on the possible health effects of 5G? This rush-to-rollout regardless of risk is madness.
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    Is This The End Of Tesla ?

    I don't think that's true when you go by GAAP earnings, or so I have heard. I am always skeptical of non-GAAP.
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    Is This The End Of Tesla ?

    This thread needs a dose of reality: 1. All substitutes for oil as a transport fuel are inferior. 2. CO2 emissions are the single best thing that man is doing for the biosphere. More CO2 is better and less is worse. 3. Oil is finite. Perhaps we will produce some for plastics, etc., for a long...
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    Zero-sum game.

    Technically true, yet it understates how much better off our ancestors were in 1800 than in AD 1 (there is no year zero). GDP fails to capture most of the benefits of innovation and discovery. As for zero sum transactions, even exchanges of equal value (even securities for cash) can be mutually...
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    Algos ruined day trading

    Edit: sorry I messed up the formatting in this reply.
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