Market fooled me nicely today

Looks like bulls chickened out

Unfortunately I'm too stupid to just read the "price action" in a clean chart Cashing in $$$ is all what matters

Thanks, I suspect the same. Both the ECB and the BOJ continue to print endless amounts of money while the FED has put the brakes on this year. So far I don't see any currency that should outperform the dollar in the longer term

Salam Aleikum brother, I don't know if we get there, but I won't short before (I'm greedy ) Just wanted to warn all counter traders ...The blue ones are important Dollar got bought immediately, if we break 94.50 we will go up ...

Nice thread mate. Do you have experience with using contango and backwardation in combination with COT data?

Yes!!! NASDAQ and DAX are the kings of all markets! Volatility/Costs ratio is simply AMAZING

my trades of the day

It has a lot to do with arrogance. You think you're smart because you can code? Book smart, street stupid

Haha I actually kind of agree with you, math and coding skills are definitely a very good start but there is more to it. Of all the traders I know who have been doing it for more than 5 years and are profitable, there is not a single pure ...

bullshit

Let's say Price goes up 200 pips Makes a 75 pips retrace Goes up 200 pips again We both suck and expect the retrace sooner We're both net long (10 Lot) as the price rises, let's after 120 pips you "lock in your hedges", so now depending on what you ...

What I don't understand is: Price goes up 200 pips Makes a 75 pips retrace Goes up 200 pips again So first I'm net long, then I close my position, now net neutral, depending if I want to trade the retrace or wait for the next long, I'm short or out ...

I think here's the misunderstanding. Yes one can close more trades in profit this way (Even have a 100% winrate) but there's no advantage to your performance or any edge in this because the winrate itself is meaningless. If you have the ...

Bullshit

Amen