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Euro closed the week with the triangle being tested on the bottom and hooking again into the possible downside breakout.

This may be not you being too much a perfectionist, but either of two: 1) Round numbers often get tested, but trading is not an exact science, so "test" is more an area, than tick exactly at the desired level. Adjust your tactics to consider this "area" amount typical for your instrument to...

Agree, AK100. Just a profession, no different from any other scalable profession. You can make money in forex, real estate, software development, medicine... Whatever and the recipe is always the same, everybody knows it from early years. If you REALLY want it, you will get it. :)

Yes, guessing is all you are left with. :p OK, enough for donation to not let the little troll die because of starvation and that's it. :) Good luck!

No different from telling the future from the tape or DOM, which are considered "professional" tools as opposed to such an inferior craft as chart reading. And much more reliable than telling future based on what some talking heads, which have no clue themselves say on cretinoscope aka TV. :p...

He continuously tries to troll in hope someone gets touched by it and offers him mentor help to prove something. But nobody does. :D

Well, hard to tell, because for me momentum trading is just as boring, especially when there is no good momentum. :) I don't view it as chasing the trend, though, just capturing market inertia, which is pecular to any physical event occurring with enough energy, including financial...

True and I fully understand how traders with MM mentality view the markets, even try to learn from some DOM scalpers, who operate inside the spread. But basically market consists of several simple "bricks", which can probably be explained to anyone in 5 minutes. The other question is most...

Ya, pretty stupid dude, if he really did something illegal, to party in such a shocking manner.

Forgot to mention one thing: the fact that I have grown with a typical scientific attitude and habits made my trading career much harder than it could be I believe. I tend too much to research, which led to continuous modification and changes in approaches. If I just settled with the...

Science you say? Remind me the name of last scientist who made really good money for him/herself by appliying scientific approach to the markets? I never said "easy" by the way. Simple, yes. Easy? No way. But trading is IMO no more a science than medicine or psychology is (I have a degree...

BTW, so funny to often hear "do you know how market operates?" Do you guys, who repeat this, really believe that it's some form of very complicated knowledge, available only to high society professionals to know how auction markets operate, what supply/demand is and what makes price move up...

Going to list a few wrong points you just made. :) 1) Unique edges do exist. For example, a few years ago one well known broker introduced so called box options, which were pretty poorly priced and a few people (including your most humble servant :) ) ripped them off for some nice $ until...

I don't believe in "new systems", except some unique edges, which are specific for certain markets and situations (like some true arb opportunity), but those I don't like too, because they tend to cease soon.

Depends on what kind of that day it is. Sometimes, when there's a trend, lunch time can provide great re-entries with the trend or can be just held through with the position initiated before that. But when it's a choppy range day, lunch time makes it even worse, so it's wise to avoid it then...

Indeed. TA is trading based on certain behaviour patterns of the market, that's how I understand it at least. Be it support/resistance (price pattern) or sell on Friday, buy on Monday (time pattern), this is all TA as opposed to fundamental view and quantitative value estimation of the...

Yea, anyone who traded FX in 2005-2007 feels like in heaven now almost for sure. :) And by the way, HFT and algos are a good thing IMO, because they also trade quite predictably and exaggerate the breakouts pretty often, so price/volume action in many instruments became easier to interpret...

If only it saved them from losing just as often as retail pikers.... :D

No idea. It's hard to guess one's reasons for doing this or that... But simple look at charts, especially bigger charts like daily/weekly shows that in huge volatility of 2000's (compared to early 90's) those patterns surely have an edge if traded in a way he recommended. He mentioned...

Yet his stuff works just as great even intraday, not even speaking of daily/weekly time scale... Sorry, I meant to say, that's impossible of course. :)