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Try this book : The Forex Edge: Uncover the Secret Scams and Tricks to Profit in the World's Largest Financial Market, by James Dicks.

I can't, the entertainment value of his posts is priceless :D

Sorry for this off-topic message but here it is: Examine carefully jack hershey posts (if you have at least half a day to kill that is), it just seems that 40% of his sentences are simply pure random words/verbs gathered from random websites by a special software, the same kind of software...

Are you kidding me? You think you can outsmart the commodity market that way? The hedgers, what we call the commercials or simply the insiders, are ALWAYS light-years ahead of the average commodity trader! Hershey for example, the famous chocolate maker, has full time employees just...

"profitable trading has nothing TO DO...", sorry

People behave that way not because they want to make money, but because they don't want to admit they were wrong, so they keep adding to a losing position until they are dead broke. Unfortunately, profitable trading has nothing with being right or wrong, it is all about probabilities and...

Wow, you designed, coded and backtested Cmb's system with at least 20 years of historical data and came to the conclusion that it was just "hot garbage", all in under 4 minutes! Very impressive, indeed.

You open a commodity spread on Monday. On Tuesday (and the next 3 days), your oh-so-conservative-low-risk commodity spread is locked limit down/up. You lose a fortune on both side and your little stops are wortless. Time to sing the Blues. http://www.youtube.com/watch?v=3_FFQ1BZnik

Allow me to rephrase your comments the right way: "After 5 yrs I, BobbiDigital, am still unable to find a way to consistently profit from simple chart patterns. Therefore, knowing where volume occurs in a range seems worthless to me as is analyzing any price pattern for an end result...

Well, if money can't buy happiness, give it back! :D (Jules Renard, French author and member of the prestigious Academie Goncourt)

The charts will always tell you all you need to know about the market and its participants. They never lie. Now if you know a better and more profitable way to trade and make money, we are all ears.

People naively believe that spreading is a no risk, easy profitable trading business. Then sooner or later the spread turns ugly and you get hit by the maximum on both sides of the spread, leaving you with huge, huge losses.

True. And support and resistance lines will tell you that, if the trader can draw them correctly. And we are back to square one. PS: quite frankly, who cares about the "why this or that happens?", if we can consistently make money ($$$) with certain repetitive and simple chart patterns...

Try again yourself, "Master" Jack-Hershey-I-am-better-than-you-and-I-know-the-secret-of-the-Universe. Pffff....

Beg your pardon? :confused: Seems like you are trying to re-invent the wheel.

Where did you get that 50-60% winning rate number?

This GBP/USD triangle breakout went quite well (5 min chart), and the support line was never penetrated. Here is the updated chart:

Not true. Support and resistance lines have a real predictive power, they are not just random lines. The trick is to know how to draw them correctly. Unfortunately, this takes years and years of observation and practice.

Yes, so repent, REPENT SINNERS! :p Anyway, another good week full of pips (as far as I am concerned), hope some ET traders made some money with that breakdown on the EUR/USD, too.

Fear and greed. Once a support is broken, buyers are now in pain and there are obviously more sellers so the price goes down. When the price revisits the previous support, the unfortunate buyers see this as the last chance to get their money back, so they happily sell to liquidate their...