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- xtraction replied Nov 22, 2009
In the bottom left hand corner of your chart you have a display for moving average and ema. What is that showing?
- xtraction replied Nov 22, 2009
Bad is not a word that I associate with trading. I would be inclined to associate bad with your post to me. One's trading is either profitable or unprofitable. Trend is a myth and exist only in the mind of the trader. If trading with the trend was ...
- xtraction replied Nov 21, 2009
Weekly charts are simple to understand. The lines I am not so sure of. image
- xtraction replied Nov 21, 2009
Nice read.
- xtraction replied Nov 21, 2009
1. Trend is your friend. Staying with the trend will allow you to be on the side of the trade which has a higher probability to run in your direction. MYTH. 2. Let your winners run. With the systems I trade this allows me to be profitable by making ...
- xtraction replied Nov 21, 2009
No, that is not "why it worked". Nine out of ten traders lose. Many of those losers use support, resistance and trend. In trading, as in poker, you have to stay in the game long enough to get lucky. You are more than welcome to ask questions in my ...
- xtraction replied Nov 21, 2009
Dynamic Price Channel. Price is always breaking out of a channel. The channel is 2 dimensional - price and time. Identify what channel price is/is not breaking out of and you may solve your dilemma.
- xtraction replied Nov 21, 2009
Most that write about price action make it way too complex. Support, resistance and trend are concepts that exist only the in mind of the trader. Higher time frames are an illusion. Most traders never make it past the conceptual and the illusions. ...
- xtraction replied Nov 21, 2009
Would you please be so kind as to share your template? Do you shop for the broker paying the best interest? You mentioned a 1000 pip move against you. Isn't there a way to tell the trade is moving against you before it runs hundreds of pips against ...
- xtraction replied Nov 21, 2009
Some traders think I am "on drugs" because I use the weekly chart. image
- xtraction replied Nov 21, 2009
Bookmaking? Not sure what that means. Long way in terms of dollars, time or both?
- xtraction replied Nov 21, 2009
In order to recommend changes, the more one knows about the system, the better the recommendations.
- xtraction replied Nov 18, 2009
No, that is what I was saying. Knowing that price retraces 23% in 90% of cases is an exploitable edge. Predicting turning points aren't of importance to me. Thank you, Jacko.
- xtraction replied Nov 18, 2009
Neither are true. The assumption is flawed.
- xtraction replied Nov 17, 2009
No offense, but I don't have a secret decoder ring. OMG, what happened to your chart?
- xtraction replied Nov 17, 2009
The thread starter mentioned the daily high, low and open. Those levels are all you need to trade profitably. image
- xtraction replied Nov 17, 2009
Looks like gbpjpy is selling at a nice 40% discount but is that enough to entice the bargain hunters? image
- xtraction replied Nov 17, 2009
Lights out?
- xtraction replied Nov 17, 2009
image Price goes up when buyers believe price is cheap. It's like a "shopping spree" when prices go "on sale". As the usdchf gets "cheaper" the buyers decide it is a "bargain" and run the price up. I recall seeing a poster talk about the weekly ...
- xtraction replied Nov 17, 2009
Are you working on your first, second or more million?