EURUSD
you make some good points, but if we'd started working on solutions to these problems 50 years ago then we'd be there by now, they knew full well back then of the problems associated with fossil fuels and the fact that it is a finite resource, we're way past peak production already...
sure.. I agree there are some greed and blindness, however 50Y ago noone had an idea that china and india are going to be what they are now..
It seems like the dollar is going to get strong soon from the long term charts on USD/CHF and EUR/USD.
The red and green lines are when price is divergent with MACD histogram bars; price almost always comes back to these levels.
Seems to me on the Euro it's gonna proceed with its monthly swing down to 1.1900, maybe within the next year or two. Likewise on the USD/CHF, I see a bounce back up to .9450 or more when the dollar strengthens.
What fundamental news will make the dollar bounce back? Getting the debt ceiling plan figured out, ending the...
Bạn quên tôi $ 2000 và khen ngợi ở đây vào tháng Tám, với chiến thắng .... bạn là một kẻ nói dối !!!!!!!
Lost me $ 2,000 and praise here with the win .... you are a liar !!!!!!!
Why do more than 95% traders fail?
1. Many inexperienced traders do not try to maintain capacity of absorbing 10 to 12 or maybe few more consecutive losses. If trading edge is the probabiility of more positive outcomes in long-run, one should be ready to accept a series of negative outcomes. Despite knowing how my edge works, I still feel depressed after getting more than two losses in a row - human nature. I am damn sure if at some point of time I hit a series of five or six losses, no one would visit my already somewhat deserted...
2. I am not sure about other threads, whenever on EURUSD thread, even a few pip change in PA direction creates havoc among traders. Some relaxing their TPs and others getting out or partially closing trades, shouting in excitement, revising their plans by hundreds of pips on a 10 pip but sudden move, etc. etc. All indicating that they are either not aware of or do not accept volatile nature of forex market....
3. Their brains can be easily polluted and thoughts manipulated with any kind of BS that is convincingly presented. They do not want to look at the things from their own perspective and test at least logic in what is presented before them. They want to "believe" in and do not want to "test" any new or old idea. It took me several years to believe that there is some truth in "trend is a friend". However, see many traders blindly following this phrase. Another is "cut your losses down and let your winners run". Blindly following such "universal truths" is probably the greatest hinderance in their learning. ...
4. Then there are "holy grail" methods. I spent hours and hours, day after day, month after month and year after year to find a flaw in various gambling and speculative businesses. Believing that there should be one and that would give me a risk free edge. But this thought never ever crossed my mind that I should check if someone is selling a "holy grail". Why? because a "holy grail" is simply not something that one would put on sale, and by whom? a trillionaire?. But it is unbelievable that many traders spend thousands to buy and try...
5. Then there is a calculator, a certain percentage and certain number of trading days. 1% a day and 365 days a year makes it 365% a year. Discount it for working days and contingencies it comes to 150% a year- Wow!. Compare it against investment return by banks, and boom - here we go!. Once this is conceived, the next step is to check in how many days, weeks, months or years a $5,000 investment will multiply to $20 million and more probably $200 million. Apply some sensitivity analysis by chaging certain assumptions or percentages and we get $200...
6. Then there is a small loss, next position is bigger than previous. Again a loss and again even more bigger position after a few minutes. Again a loss, but no issue. Here comes a "once in a lifetime trade" with almost 100% assurance. The whole farm (or whatever is remaining) goes off.
, and my best friend is ........ 
Hey did anyone notice .....................
EU hasn't moved in the last 16 hours at all.
