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...and another one. :D You would never ever even wish to need larger than 6 pips stop on any of such trades, each providing tens of pips. Context is everything. http://www.cornixforex.com/2012/01/and-another-good-breakout-trade-today/

Speaking of breakouts, Euro just provided us with great example. :D http://www.cornixforex.com/2012/01/example-of-good-breakout-entry/

Thanks. :) Will post from time to time what I find to be interesting examples of simple TA.

Hardcore devaluation happened here twice in 90's. Hardcore communism is still worse than that. :)

No-no, when Fed starts to decide, how many pairs of socks should be produced in the US and what should be their price, then you will feel all the beauty of USSR communism only. :D

Weekly EURUSD chart. :)

This discussion about communism vs. capitalism reminded me the argument, what is better: CD or trading/investing (i. e. small but guaranteed income vs. uncertainty with chance for both losing or winning). :D

Communism is great if not consider two "minor" issues: 1) It's basically not any close to what it's name is and the reality is - elite lives like kings and the rest are bound to live low profile. No choice. 2) It doesn't work anyway economically, because communism model is a losing...

Breakouts can be very profitable. Honestly I can say I even prefer good breakout to a reversal signal.

Not so often the case as many financially poor "lovers" dream it should be. :D Much more often women choose to have kids from the same men they choose for security, to guarantee security to the children as well. Instincts. :)

Females on average instinctively tend to choose stronger, more effectively adaptive male, that's not exclusive to humans and not corporations invented it. In human society, though, stronger (domination) and better adaptive almost completely became equal to certain level of wealth. It has been...

What is the criterion of "wrong" thing to look at in trading?

It also tends to become kind of a bad habit and puts those negative people in the pathological circle of negativity so they have less and less chances of becoming happy as situation develops.

Probably that's just a "habit". Honestly, I never thought much about it. I definitely move towards simple tactics, because realize over time, that complexity rarely means any significant increase in profitability and sometimes even leads to the opposite. Also, holy wars about "price action"...

Ya. Not that I use it a lot for trading decisions, but helps somewhat to clarify some things on the chart. 9/18 EMA combo is also good.

I have nothing against if you decide to ignore fundamentals and enter trades with 6 tick stop right into the NFP or FOMC release. :D

LOL, of course I don't compare him directly. Just an analogy that stupid fanatism can wreck any idea. As you can see from my posts, I am not Brooks's fan or anyone's fan at all. Not to sound arrogant, but guess after a certain IQ level it's impossible to be fanatic at all. :D I agree that...

Be aware is not = base every trading decision upon fundamental picture only. But if there's a squeeze, it's worth to hold your 6 ticks risk longs for longer. :p

Yep, no magic for sure. Just hard work, sweat and tears. :) As for fanatics, fanatism indeed can spoil any idea, even very good one, such as loving each other as one guy suggested a couple thousands years ago. :) But if one takes time to analyze what he reads and objectively see if there...

Thank you, but I believe Brooks also was right, when he wrote: "Mah should continue to become better and better at the cello and by doing so he will make far more money than if he also started playing the flute." :D Moral is one better stick to her/his own style, which is result of serious...