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  • 5 Technical Trading Mistakes That Will Ruin Your Profit Potential (And How to Fix Them Today)

    From dailypriceaction.com

    The key to understanding why the markets move the way they do is being able to identify and understand chart patterns. Once you can do this, you can trade any instrument in any market. It’s that simple, at least from a technical standpoint. Why then do the majority of Forex traders fail to generate consistent profits? It isn’t their experience level, currency pairs traded or even their strategy (although it does play a role). Most traders fail because we’re all human. And as humans, we tend to make things more complicated than they have to be. Also, patience and discipline are not exactly common traits – they ... (full story)

Very good article! Something like that you can find on www.pandoraforex.com where I write about Price Action and psychology. Happy pips!
Amazing that after all these years that individuals still believe and even worse, teach this voodoo science to unsuspecting want to be traders.
If you could learn to read tea leaves and used that output to make your trading decisions, you would have the same success as Justin chart reading techniques. 50/50.
Rubbish
He runs the TL through the candle body (not just wicks) in the first chart then contradicts himself by cutting off wicks in the 2nd chart (correct) chart.
Come with me if you want to live....
The problem with Forex Factory is that it gives a platform to all kinds of unverified guys out to make a buck either by selling courses of advertising and other services. Why would any intelligent person waste time on them when there are 4 Market Wizards books to read ?
The worst thing I can be is the same as everybody else. I hate that.
Quoting GubyIQ
The problem with Forex Factory is that it gives a platform to all kinds of unverified guys out to make a buck either by selling courses of advertising and other services. Why would any intelligent person waste time on them when there are 4 Market Wizards books to read ?
You need to understand that some guys like to diversify their income, and in doing so, they help aspiring traders. I myself became profitable by reading his articles.

Do you really not find any difference in Market wizards books and these handy and easy to understand article? This makes me wonder why so few traders succeed in this business. Good luck.
Not news.
Follow me at andrewfx2020 (dot) com
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  • | IP XX.XXX.170.239
Hi Rickstukus, I am new to the trading world and if not these trends which I agree is based on historical data, what do you use as a trader
@umd what you're saying would make sense if these guys had any track-record at all - y'know, to show that they walk the talk.
The worst thing I can be is the same as everybody else. I hate that.
Guest, if you want to discuss more, PM me.
I do not want to get into a war of words with the fanatics that think they are profitable by utilizing technical analysis and charting. It is like attacking someones irrational religious beliefs and they do not respond kindly..
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  • Story Stats
  • Posted: May 6, 2016 9:03am
  • Submitted by:
     dailypa
    Category: Educational News
    Comments: 10  /  Views: 5,573