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A pattern which I am trialling on the forex daily charts is a 3-day exit and re-set. This is for trending charts; trends are common in forex in the daily time-frame but they are prone to significant pull-backs and frequent failure. For an uptrend example, when price prints 3 successive higher...

Couple of other useful patterns which I don't believe Steve Nison covers are hikkakes and outside bar key reversals. Worth researching.

The wealth gap is like all these other spurious indices - relative poverty, gender pay disparity, income inequality etc. The main effect of the campaigns to resolve these "issues" is to provide eternal employment for otherwise useless and work-shy sociology-qualified graduates.

Get a demo account, they're free. Search for a simple strategy that suits your market preferences and life-style and temperament, they're free. Demo trade until you're making consistent profits, but don't put real money into a live account until then - putting real money in won't change the...

Opinion is extremely valuable if backed up by extremely good analysis of extremely good evidence. What do you have?

I'd call it consolidation. For me if the flag or pennant extends in time as far to the right as the height of the "flag-pole", its not a valid bullish continuation pattern.

If you share your strategies we will be able to see how good they are. It should be possible with experience and knowledge to see whether a strategy will be a long-term winner or a loser, and whether it incurs significant risk of unexpected wipe-out. Account records, entry signals and...

Its just the way the media works. Nothing much to do with selecting what is important in the real world. Watching less news and reading more history are effective antidotes.

As an example of events trading I have in the past traded off company results announcements, both as day-trades and swing trades. In both cases I waited for the market to show its reaction however. These were always long positions and I was looking for either a continuation of an uptrend or well...

I'd be pretty sure that the value of diversification is an illusion if holding less than a couple of years. It certainly makes sense for investments over several decades but that's not what we're talking about. I would suggest focusing on maximising return per stock, for example by pyramiding...

My current forex game-plan involves a blend of scaling out and adding. The objective is to increase return while not increasing risk. For example, Trade 1 is opened in an uptrend with a capital risk to its initial stop-loss of 1%. when T1 reaches +1%, I close half of it and start looking for...

I'm not working in lots as I am spreadbetting (in the UK) but my position sizes are very small. Risk per trade averages about 0.5% of my account capital at most.

NZD can be regarded as a sub-set of AUD. The two economies are closely linked, almost everything that NZ buys or sells goes through Australia. AU's population is 5x NZ's. If Australia and the AUD are doing well, be wary of shorting NZD.

I take long-term positions in line with trends off the daily charts, as long as most of the charts with the same base currency are equally bullish/bearish for the currencies concerned. This therefore means I currently favour pairs allowing long exposure to AUD and NZD, and allowing short...

I try to resist this temptation and usually succeed. My stop is always initially placed at the closest point to entry at which I am convinced the probability of profit would now be less than the probability of loss. I never widen stops.

I have been spreadbetting for 17 years. The tax-free status of UK spreadbetting makes it the winner over CFD's if you have a consistently profitable strategy.

A blend of these three approaches might work for most people. And it might need to be adjusted not just for personal age but also for employment income and market circumstances. I was share trading from the late 90's and making more money than from working. From the early 2000's I was also...

I would be impressed if he was a private retail trader and that had made him so rich......

I go along with this, once London closes all the big action is usually over, unless the Australian central bank announces a new interest rate or suchlike. I update my daily charts three times a day - using London time, about 5:30pm, 10:30pm and 7:30am. Charts don't change much between the...

Trend is the key pattern in trading. Most of the time price is either in an uptrend, a downtrend or not trending, and each scenario offers trade opportunities. Its important to know when there is no trend and to be able to gauge trends against each other, they're not all equal. Many traders...