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This is a textbook chart formation, first we have a clear downtrend (1h chart) and then the price moves sideways inside a nice channel, against the main trend. This is usually a rather bearish chart pattern but watch out, the breakout on the EUR/USD could go either way! Good luck. (As...

Yes, but If I buy the contract and the price rises, now SOMEONE ELSE must pay me. So yes we both made money, but it is still a zero sum game, for each winner there is a corresponding loser. Anyway.

If the CEO of company A shorts a futures contract, let's say wheat, he is in fact betting that the price of wheat will drop soon. If I buy the contract and the price of wheat increases, I make money. Where is that money coming from? From the CEO's pocket. If the price of wheat decreases the...

Out at 1.1282 (12 pip profit only on that new AUD/NZD trade, oh well), tomorrow's another day and I'm definitely too tired to continue any longer.

Well I cannot possibly give a complete tutorial on candlestick charting techniques (entire books have been devoted to that subject alone, Steve Nison books come to mind first) but I will try and give a few examples here and there, sure. I could be wrong but it seems to me that you are using...

Thanks. Easy now, I have not reached that level yet, 100 pips a day profit is a huge challenge, even Soros cannot do that consistently :p In fact, most FX traders cannot even make 7 pips a day per lot per currency pair on average (still an impressive 140 pips/month profits). You did...

Long AUD/NZD at 1.1270 I hate this weird currency pair but a trading signal is a trading signal.

Hi TradingJournals and thank you for your support. No I closed my EUR/NZD position a few moments ago at 1.6245 (+100 pips) for a simple reason: see these back to back shooting stars and spinning tops on the chart, they are deadly, they are screaming and yelling : "Get the hell out, NOW!"...

:D Here we go again: http://www.youtube.com/watch?v=Oe0fGXzKb1o More eye-opening videos to follow, no matter what MartinGhoul is saying, wink wink :cool:

+100 pip profits, now trailing the stop 25 pips above break-even. Good boy EUR/NZD, now go and bring me even more cash! :) Chart of the breakout so far:

Sure, but if she asked you for a date tonight I bet you would forget all about "her irritating voice and that ballbuster personality" in a heartbeat :D

"is", typo :)

Yeah right, just pretend that she is not sexy and hot, you hypocrites :p

Make no mistake my friend, Bitcoin is here to stay. Creating a unique and worldwide currency is only one of the goals of the banksters and the elite. It's all part of the more global New Word (dis)Order program: One Government, one currency, one Bank, one "religion" (an anti-Christ "religion"...

The low win rate is challenging because most people follow the trend the wrong way, often with nothing but a rudimentary dual moving average cross over system. If they could only "qualify" the trade before initiating a position the winrate would jump to 60% or more, and the "psychological"...

That's true, most trend following systems average about 30 to 35% winrate. But in and by itself, the winrate is meaningless. Your deduction is incorrect. Trend following systems have a low win rate but they are much more profitable than counter-trend strategies, in the long run. In...

Nice call! :cool:

Absolutely blah12345678, most breakouts are fake and amateurs love to chase them. Personally I never trade on a breakout until I see at least 10 candles completely above (or below for short positions) the breakout line. Then I need more confirmation before pulling the trigger. I know a few...

+50 pips, moving the stop to break-even and closing half of my position.

Thank you for your comments Tsing Tao but quite frankly I don't give a hoot about fundamentals or rumors (no disrespect intended), I only listen to the charts and the charts only, they never lie, assuming one can decode their silent message.