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- wthomsen replied Oct 1, 2006
I'm glad things are working for you, but you're probably trading too many pairs. In a bad way too.....Take GBP/USD and EUR/USD for example....Usually people are scolded for taking a long position in both (it's basically doubling your exposure) due ...
- wthomsen replied Sep 20, 2006
This whole thread is a discussion of Tom DeMark's book. Just not everyone knows it.
- wthomsen replied Sep 19, 2006
Mouteki/DeMark — After reading the first chapter of Tom DeMark's The New Science of Technical Analysis, I do not feel it fit to term this method of trrading as the "Mouteki method". The "mouteki" is merely a subset of the tools outlined in Tom ...
- wthomsen replied Sep 13, 2006
Read through the whole thread.
- wthomsen replied Sep 12, 2006
powerpoint problem — Have we resolved the question of why mouteki doesn't follow his own system on some of the examples in his powerpoint presentation? A few of the anchor points he takes are not the most recent anchor points created by his ...
- wthomsen replied Sep 12, 2006
I took the USD/JPY trade.
- wthomsen replied Sep 11, 2006
Well put. Also, with the trend line I was discussing, you wouldn't have even been able to confirm the most recent anchor until after you should have already been in the trade. However, with your trendline we definitely gave up a lot of profit. Seems ...
- wthomsen replied Sep 11, 2006
GDP/JPY correction? — Looking at your chart, wouldn't the 09/8 16:00 candle be the MOST recent anchor for the trend?? That would make more sense, as it would have made the trend line steeper, thus putting you in the trade earlier (i.e. before ...
- wthomsen replied Sep 11, 2006
stops — Yeah stop loss is tricky here. It's hard to place one a few pips below resistance considering the method is based upon that. I was thinking that perhaps it should be a function of the estimated gain (i.e. 90 pips for the GBP/USD ...
- wthomsen replied Sep 11, 2006
Again on GBP/USD — Concerning the GBP/USD set-up.... So with the new bar opening at 1.8664, our target is 1.8664 + .0090 = 1.8754. Please correct me if I'm wrong. I opened up the trade on my demo a couple minutes ago, and as I'm typing I'm up ...
- wthomsen replied Sep 11, 2006
Question — Just to confirm that I'm setting this up right, when looking for the points to draw the trend lines from, according to the documentyou're ALWAYS supposed to use the two most recent points (as defined in the method, highest/lowest ...
- wthomsen replied Sep 6, 2006
So running your numbers...$400 down 40% then up 20%...leaves you with $288 or 28% in the red. Come back in 5 years and post your YoY results
- wthomsen replied Sep 6, 2006
Think about it... — haha come on man. Let's get realistic. Many professional traders shoot to beat 10% a YEAR. Sure things can happen a lot faster in forex, but think about your average hedge fund....hell, think about your BEST hedge fund...an ...
- wthomsen replied Sep 6, 2006
Apologies to stockwet, but this is flat out wrong. I know plenty of Econ majors that go on to have very successful jobs in the world of finance. I have a friend who graduated with an economics major and took a position at Goldman Sachs in Chicago ...
- wthomsen replied Sep 5, 2006
International Political Economy — To be honest, I'm not familiar with such a program. I would suggest calling the dean of the school you're interested in. That would be a great place to start to ask these types of questions. If nothing else, ...
- wthomsen replied Sep 5, 2006
Econ — Being that I am an economics major, I may have a bit of a bias. But, I say take econ. The guy above who talked about holes in not knowing finance has it backwards. What happens with a finance degree is that you know how to crunch your ...
- wthomsen replied Sep 5, 2006
Question Remains — To Whomever did the research behind this spreadsheet: I'm still curious as to where the pip averages came from...Even if the research is 6 years old, I'd like to know if the averages are drawn from a certain currency pair, ...
- wthomsen replied Sep 5, 2006
Question — Looks like an interesting file, but I'm just wondering which currency are the averages based off of?? (i.e. all the majors, or just EUR/USD, cable, etc).. It would be ideal to have an overall average, as well as separate average ...
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