A little late to the party, but I think there is merit in the original analysis in that it illustrates that purely random movements can produce behaviour that others imply meaning too. However, in general such observations do not necessarily ...

Here, if you are registered : url Posted every Monday morning usually.

I know, but to be fair the statement wasn't completely misleading, just that it was only valid for a 1:1 Risk to Reward ratio even though I suspect most people would understand the point being made. On the issue of Holy Grail, when I started ...

Uh uh, I know this one. Its because their Risk to Reward ratio is better than 1:1 isn't it. This is why the profit factor (ratio of total won to total lost) is a better measure than hit rate.

My current view is that trying to predict future prices is like trying to predict the exact path of a big drunk bloke down the street. In both cases you can never be 100% correct because even he does not know where is he going and if you stand in ...

To add to the points noted already isn't the problem that once released it would just become a race to see who could commit the most resources to trading the signal first and in that game those with bigger pockets win.

Thanks, I will look at that - hope you don't mind my earlier answer to someone else's question.

I may be able to help on this point - MetaTrader 4 has a tester that is OK and you can import data. Here is link to thread on topic of data : url . As stated, it is OK for longer time periods and reasonable Stop-Losses / Take-Profit values, but has ...

Thanks for taking the time to reply. Just a few more questions if you don't mind. By daily do you mean looking at the daily candles and longer time-frames, or taking trades over daily periods which you can do if you are looking at hourly candles? ...

I am sure there are many distinct ways to trade profitably, but I would be interested in your opinion on which approach has the most potential for sustained long-term returns. For instance my somewhat cursory review shows that people are often ...

Oxford and Cambridge, who have some experience in this area, have long favoured the small group tutorial as one of the best ways to teach. However, it is an expensive system so is not widely used in other UK Universities. I note that with ...

Reminds me of a flying saying : "Take off is always optional, but landing is mandatory". Here is my usdcad trade which was good for 80 pips based on the untested resistance level from mid-October - thanks for the idea again. Notice that your entry ...

I can never hear Yoda without thinking of Reverse Polish notation ( url ) To take the analogy further, I presume indicators are the Dark Side

Interesting analysis and many currency pairs followed expected behaviour, although would it be fair to say that the strength of the Yen after the 7th seemingly resulting from the US election result took the eurjpy and usdjpy to lower ranges than ...

When you are good enough to read the movements I can see that the optimal solution is to react to the markets. However, for the moment the best I can do is look at the likely points of resistance / support on the way to profit and determine whether ...

Thanks dazzdude, that explains it more fully and was similar to what I was trying to explain in my notes posted earlier that in a way you could consider the second leg of the “M” or “W” as a failed retest which also forms the last part of a double ...

Results — Gave ~30 pips before reversal. I did not trade as just looking at the moment and would need to stay awake overnight to catch low before reversal. Even though had a response at this level this probably would have been loss for me if I ...

Possible M formation on GBPUSD — Looking at current GBPUSD situation I wonder whether there is a "M" price formation as per attached current chart. If so, I also presume that it would be worth looking for short at 1.6000 level if price returns ...

Thread Notes — As promised some time ago, attached are my notes for this thread in .doc and .pdf formats. These notes are mainly a combination of posts from WMD and Dazzdude’s threads together with a few points and observations from others. ...

Thanks for taking the time to post - most informative. Interesting to hear you talk of "value" as this is the idea I had developed while trying to rationalise support and resistance price behaviour. As ever it was new to me but I would be surprised ...