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  1. P

    Nice inverse H&S in the making (s&p500)

    my advice is watch the movement of the markets,....simple stuff I used to trade Elliot wave for almost 5 years but then I found out it was not necessary.... trend lines can be too subjective...but they also can give good results if you know how to draw them
  2. P

    Nice inverse H&S in the making (s&p500)

    I think it will blast off up ...but watch out for the reversal!
  3. P

    How do YOU decide where to place YOUR Stop?

    thanks for posting
  4. P

    Anybody living in India

    Are any Indians willing to connect? in India Or anywhere else
  5. P

    Nice inverse H&S in the making (s&p500)

    sorry you must think I am nuts seeing all my posts every time I analyse the markets, I go through all this reasoning!!!!!!!!!!!!!!!!! that is why in the end I lose money
  6. P

    Nice inverse H&S in the making (s&p500)

    true that is why I found after 30 years of study, the best thing is to guess why analyze when the market can do anything?:D
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    Nice inverse H&S in the making (s&p500)

    I think it is buy with target around 2956 and then it should reverse and test the low seen on the chart I think this is likely...most likely scenario.....but you also have to manage the trade.....something I have failed miserably to do so I lose money
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    Nice inverse H&S in the making (s&p500)

    while it would take too much time and effort to explain everything about this chart.... there are two immediate things that I could point out... one that counter trend traders are active and also that when counter trend traders are active, it becomes a channel type of price movement. it looks...
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    Nice inverse H&S in the making (s&p500)

    ok my half cent.....this breakout is a weak one....I think it will fail and may break the low seen in the chart.....but the trick in this trade and in all trading is to time it precisely..... it may also go up for some time.i think you can buy for a short up movement....
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    Nice inverse H&S in the making (s&p500)

    I have a very simple strategy....I guess..... ask anyone here I do not know how to trade
  11. P

    Nice inverse H&S in the making (s&p500)

    nice you are posting charts....i used to do the same but felt no one is interested in charts so i stopped..i may have been wrong just a impression i got
  12. P

    Another newbie looking for educational references

    i have to agree having seen 30 years of it unarmed and extremely dangerous ..approach with extreme caution
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    Identifying a reversal (trend change)

    your question is rather interesting for what it does not ask :because though there are a few trend reversal signals, what is much more important is till where the reversal's ultimate destination is or will be. without this information it is like getting on a bus or train without knowing it's...
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    Another newbie looking for educational references

    in day trading you do not have time on your side. you may have knowledge of longer term trading but do have a expertise in reading charts? that is critical in day trading. i have seen many people give fairly accurate price targets-even i do- but no one in my 30 years experience, have even come...
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    Another newbie looking for educational references

    i trade only my income...i have a lot of fun but i lose only what will come back next month. i think you have to be very clear what you are doing
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    Another newbie looking for educational references

    thank you but what on earth can you trade with 5 usd only forex not equities,not cars not petrochemicals not steel not cotton
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    Another newbie looking for educational references

    why not fund tiny size like 200 usd in a forex trading account if that is too big you can start with 10 usd i trade with 5 usd very often
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    Another newbie looking for educational references

    IF you do decide to trade, trade ONLY with a portion of your INCOME never savings trading is vast field and i have spent 30 years learning all about it. but not many people want to devote so much time so take a simple concept and become expert in it.
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    Another newbie looking for educational references

    i understand that much of what I and others have said may not be encouraging but if you want to make a little money on the side and at the same time get the joy and satisfaction of trading,then i may make a suggestion. Al Brooks says novice traders should only trade H1 H2 L1 L2 and not...
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    Another newbie looking for educational references

    this is a very valid point.....i am 62 years and have been day trading for 12 years now.....day trading or any trading is not exciting and a lot of time must be spent not doing anything. sometimes after 4-5 hours at the computer i find it very difficult to stay awake....i trade forex because of...
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