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The real reason for this drop was a completed Elliot wave structure coming into a Sam Seiden supply/demand zone on a daily chart. When this happens...watch out !!:eek:

to the OP: On Betfair, you can trade all kinds of bets just like you can trade stocks, forex, futures etc. Quotes in betting markets have trends just like stocks and there are a number of people, mostly in the UK, who make a living trading (not: betting) horse races, dog races, football...

Great trading MFBreakout ! Learning ACD is definitely on my to do list. You write that you also employ market profile. What do you look at specifically ? I have studied MP for a quite some time and think it is a good concept to look at the markets, however I only look at the levels....the...

My favorite setup - not always easy to see in real time - this one is from hindsight- but if you can catch one of these, the R:R is usually awesome ! The entry is a short at the intersection of both trendlines. Also note the measured / two legged move of ~ 17 pips to the intersection. You...

Makes sense, most reversals, especially on smaller time frames, fail, not only Al B. says that. :)

You definitely can trade with stops tight as <10 pips in FX ( or any market) if you can decipher where there is strong resistance AND where momentum will kick in to get you away from your entry price very quickly. The later is very important since you do not want price to chop around your...

Wide Tailz, are you referring to these guys here: tradestocksamerica.com ? Did some searching in your old posts ;-) I will have to agree with the topic of this thread: day trading sucks big time. It wears you out in the long run.

Shopster, you seem to be the master of DBs and DTs...nice journal ! I for one have simply too often shorted and bought DTs/DBs only to watch the market continue in its direction. Seems like with 30+ years of experience, you intuitively know which ones to trade and wich not ?! Or are there...

Well, what else is a WTI-Brent spread trader doing other than picking a direction before he enters a trade ? The spread can go up or down, just like the WTI/USD ("outright") trade. So what's the benefit ? Does the spread trend more smoothly ? Is there less chopp ? Or are you better...

Is it easier to become a winning poker player than a profitable trader ? Lately I have asked myself whether I should have invested my time in learning poker instead of learning to trade.

At what level is your A up on EUR ? Thanks.

Right off the intraday POC + hidden divergence on my stochastics...textbook long for me but asleep at the wheel. :confused:

Sam Seiden teaches highly useful stuff. I light bulb went on for me after I looked into his concepts. If you only look for setups at these levels, your chances of a profitable trade go up dramatically. You need something that triggers this trade at the specific zone though. This...

DerSlutharsch = The Slutass ?! :D

Very insightful, thanks for sharing your wisdom. One of the few quality threads on ET !!

Very interesting, Veyron, I like the concept of creating a Euro-Index. What do you think of patterns such as bats, butterflies etc. by the way ? I have never liked that stuff and always felt that those patterns were not any more powerful than simple fib retracements.

Hi Veyron, an interesting topic you bring up here. It is indeed amazing how markets obey harmonic relationships. There is more to it than simply a self fulfilling prophecy at work. I try to spot confluence of several harmonic retracement and projection levels...however, done manually...

If German politicians were the only ones to call for the FTT, I wouldn't be worried, but that's not the case. It's a global debate. In several countries, a variation of the FTT is already in place, e.g. UK, Ireland, Hongkong etc. "effecting" ( read: killing) mostly stock trading. I...

Oh yes, and they will also demand MTV and all other music tv stations to play German music 24/7. Enjoy : http://www.youtube.com/watch?v=vC2WQiPnhjw&feature=channel :D :eek:

While the merger has a symbolic dimension to it, I don't believe the takeover itself will have any negative impact in any form. With trading volumes in Asia exploding and regional stock exchanges growing, the merger was a logical decision since Asian exchanges are already in take over mode...