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True, but one thing is for sure, the NZD/JPY (5 min) cannot stay inside this channel forever. (New Zealand Credit Card Spending report due in 45 min, 9 PM New York time)

So what, I trade the Forex market with $0 commissions too, that does not mean that my Forex broker is starving, he makes his money with the spread. There is no Robin Hood in this business, somebody has to pay something...

The extremely important Bank of Japan Monetary Policy Statement is due in less than 65 minutes (8 PM New York time). This could move the Yen and its crosses in a big way! Hopefully in my favor... :p

This is the 5 min chart. Here NZD/JPY broke the first support line (trendline A) but there was no real follow through. But then a second support line appeared (trendline B). I call this relatively rare pattern the "Double Burger" pattern. If the price breaks through that second support line...

That means you can multiply your starting capital 117 times each year. Take that Gordon Gekko! :D

http://www.usnews.com/news/articles/2013/11/11/jp-morgan-chase-citigroup-may-ban-financial-chat-rooms

Absolutely. Here is a chart. What time frame is that? The 1 minute? 5 min? 15 min? 30 min? 1H? 2H? 4H? 8H? Daily? Weekly? Monthly? No one can tell. And yet all the charts describe the same battle between the bears and the bulls, on every possible time frame, due to the fractal...

Take the same exact profitable trading system, apply it to 15 min chart and let's say, the daily or the weekly charts. At the end you will end up with much more money buying/selling on the 15 min charts. Believe it... or not.

Would you rather make 5 trades and earn 50 pips on each trade in a 2 day period and repeat the whole process again or earn a "BIG" 250 pips in 2 weeks (and it took you another 2 weeks just to get the signal, total = 4 weeks)? A taxi driver once told me that he makes much much more money with...

Oops, too late now, sorry, the secret is out :D

God bless you brother :) http://www.youtube.com/watch?v=_dmPchuXIXQ

Problem is, by the time all the stars are aligned like you said, the trend is already consumed and you are too late to the party, all the smart money is already gone. Unless you are content with the crumbs...

Did I ever say otherwise? In the absence of spread/commissions, any trader will mathematically break even in the long run, that's precisely what I have been trying to explain. You are right, but betting against the client via stop hunting techniques (among other things...) is another...

Wow, you more than doubled your money your very first day of trading, the worst thing that could happen to a new trader (or say they say) :p

Yep, that's exactly how I stopped my stock trading activities and switched to commodity trading, back in the early 90's (before I started trading the Forex in 1995). I remember him saying that sugar futures was at a 20 year low (or something like that) and I got hooked immediately. I mean the...

If you have a profitable trading system, it is in your best interest to apply it to the smallest time frame possible, you will make more, much more money in the long run. Personally I am constantly looking for mini-trends on the 15 min charts. True. But while you are waiting for the...

Sure, but don't be fooled by the apparent volatility of stocks, because dollar for dollar, the Forex market is the most "volatile" market of them all: you only need a 1% move to make 100% profit on your margin money (assuming a 100:1 broker leverage). Try to do that with stocks, it's...

Speaking of Art, from the classic movie "Wall Street": Bud: How much is enough, Gordon? When does it all end, huh? How many yachts can you water-ski behind? How much is enough, huh? Gekko: It's not a question of enough, pal. It's a Zero Sum game – somebody wins, somebody loses. Money...

Hi Trader.Fighter, Quite frankly, I do not see the need to liquidate a trade at the end of the "day" anymore, as most markets (including the all mighty Forex market) now trade 24h a day.

Freely traded financial markets like the Stock or the Forex markets are fractal in nature: what happens on the bigger time frames also happens on the smaller time frames. Look at this magnificent image, it has been created by a computer with complex mathematical formulas, it is a fractal...