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http://www.investopedia.com/ask/answers/08/george-soros-bank-of-england.asp Soros is a full time ultra rich trader. So yes, hedge funds do trade currency don't listen to Surf.

Thanks that was very helpful. Do you for example wait 15 min to trade after these reports come out, or stay out the rest of the day?

1) Price. Don't need volume since price moving indicates that the volume is there to move it. 2) Indicator that shows a possible oversold or possible continuation of trend. For example, possible trend is ending or that it is going to continue. Yes, I have it and it sometimes works. 3)...

Can anyone tell me the most important reports the move the market so for example I can trade during that time period? Do you use http://mam.econoday.com/ to keep track of these reports or something else?

Believe it or not, TA only works on instruments that respond to TA. Why many people discount TA is that there are many situations where it is meaningless. For example, a TA pattern in stock can be broken by an earnings report so you would need to be careful not to be in a trade or trade during...

Because the fact is they are ultra wealthy. Turtle Trading was based on TA, and hedge funds were run by successful traders based on just TA. Obviously, size limits how much a method works.

This is a very important point. You are looking at the instrument you trade and the time frame that you trade it. A person who holds a trade over a week will obviously have a wider stop than one that holds a position during the day. Let's look at an example of a day trade. I look at a chart...

Couple of things to ponder. Did you check other futures before settling on NQ. Personally I don't like NQ but if it works for you then fine. For example, if you made 2 points on ES for 1 contract, you would have made $ 100 not $ 82. Another thing, I don't like your charts. Unless you are...

Most of these strategies are worthless since they have either no stop or risk more than make per trade. If this was not the case, you would trade it yourself instead of trying to sell it here. For example, I would never sell my current strategy that had 100% win ratio this week on even risk vs...

If a PA works, one does not need to risk more than the reward. Now, bad traders will sometimes risk for example 25 ticks to make 5 ticks. So even if their win rate is high, a small mistake will destroy all of their profit. However, as noted in the ES forum, I was able to trade ES futures this...

100% win this week on equal risk vs reward using PA and TA. However, I should have gone for more profit.

For those that say the future can not be predicted, feel free to check out trading tracking websites for proof. They have some systems that have a win% higher than 90% for over a year and thousands of trades. So far knock on wood I have not had a losing day this week with real money. I don't...

Why don't you at least try the moving averages that actually may work like the one documented on ET by JH. This is his most simple system. He was able to change the values in the moving average indicator to make them predict the future of price movement. However, while I just gave you the...

I actually use moving averages to define trend. I don't draw trend lines. In real trading its better to use LL, LH, HH, and HH. Plus DB and DT. The double bottom and double top can also be referred to as support and resistance lines and yes they are horizontal lines. If price has made BOTH...

Use better trade management (do one of the following): 1) Have a hard stop and target. 2) Scale into and out of a trade. 3) Have your stop loss move up either using a standard offset or visually.

No my issue is more psychological. If i see for example a bullish report, I may want to go long without using TA, and what's worse a new report comes out and price reacts before its even posted and it could be a negative report that counters the bullish report causing one to lose more money...

I agree with you about waiting for a good trade, and yes I do look at R&S to see what the market is doing. I am able to counter trend trade when I don't look at the news.

No trades today, but happy that I did not chase a long trade since it reversed to downside. The only problem was it was getting late in the day and I did not think market would give me a trade, so I turned off charts now looking back, I could have gotten a good trade so next time I need to be...

To determine if the market pattern is coincidental or valid, ones need to just conduct statistical analysis over a large enough sample size. To gain an edge (edge = profitable trade setup), a pattern just needs just a 55% win ratio when combined with trade management. As noted I don't just...

Well, let's look more into a specific instance to develop a more comprehensive theory. For example, a failed breakout occurs where a green candle tip breaks through a resistance level, however a full candle does not form and instead price falls back under the resistance level with a full red...