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yes ..yur right ....lol it does look better well spotted ...
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Dislikedwe have a v shape pattern denoting possible reversal which has failed,or has it ? possible head n shoulder...right rougly 61.8 % ratio is met so really not to sure confirmation is needed ofcourse but for long that trendline acting as resistance need to break..im in favor of short..but u never know
and this is reason why...
that line acting as resistance can be considered a early signal (advanced entry for head n should pattern) already in play if 1.9711 break ..200 pips is likely ..
i think ..lolIgnored
Dislikeddear naVIN2007,
i dont expert with candles formation, it;s harmonic pattern that told me the price will go north next week, i like the setup because the RR ratio is very good
cheers....Ignored
DislikedI am leaning on trading this triangle unless the market tells me otherwise. See you all tonight.Ignored
DislikedYes, but it really is a trading robot, with all the advantages and disadvantages that that implies:
Advantages: No emotion, will execute trades according to set rules with extreme efficiency.
Disadvantages: Rule-bound, very inflexible, nothing in the way of judgement, discretion or insight..
The EA can be optimised according to past data i.e. to give max profit, minimum drawdown - If you have gone through this exercise, you really get to understand the meaning of "Past performance has no bearing on future returns"
An EA can be profitable for months, then tank because the market climate has changed.
Progress is being made in getting robots to do complex tasks, like driving unattended on roads, but trading the forex... hmmm?
See http://en.wikipedia.org/wiki/DARPA_Grand_Challenge
However one would be a fool to say "never", though a trading robot which consistently made money in all types of markets and generally available to traders might mean the end of FOREX as we know it. If such a beast exists, one would presume extraordinary efforts were being made to cloak the fact, including regular random losses..Ignored
DislikedI have a question for everybody: Monday is a holiday in UK and also holiday in Japan. So what do you guys think about any obvious activity in tonight London Session and pre-UK trading session regarding G/U, E/U and G/J.
Alqaz.Ignored
DislikedBecause the market is constantly changing, there will never be an EA that makes consistant money......UNLESS you do like I am doing. I have found a good one, but I have to make adjustments every day. I have to see where the price is and make changes constantly.Ignored
DislikedWell, last week was extremely good for me. I hope this week to be the same.Ignored
DislikedI have a question for everybody: Monday is a holiday in UK and also holiday in Japan. So what do you guys think about any obvious activity in tonight London Session and pre-UK trading session regarding G/U, E/U and G/J.
Alqaz.Ignored
DislikedWay to go. Also thanks for your posts, I really enjoy reading your point of view.Ignored
DislikedWell, last week was extremely good for me. I hope this week to be the same.
This is what I see this week...
For lorg term positions, I use an account. I will place a contract shorting with the data of the first chart in my lorng term account and for the others charts I use another account for scalping and short term positions.
Here are my charts.Ignored