Hello Puppypippy. What I am trying to say is that, to the best of my knowledge, no one has been able to "quantify" the 1 2 3 pattern in computer terms so that we can program this pattern and backtest it with 10 or 15 years of historical data and ...

SECRET Trading System

1 2 3 formations seem nice in hindsight, but has anybody been able to REALLY backtest them and prove their alleged predictive power? That's the million dollar question

SECRET Trading System

It simply does not work this way, you have to let the market give you all it wants. For example you cannot say "I want 50 pips per week" and then close your position(s) once you reach that goal. I backtested hundreds of trading systems in my life ...

SECRET Trading System

Potential breakout on the NZD/CHF - July 14, 2011 — The NZD/CHF is trading inside a nice channel (1h time frame) and could break to the downside any minute now, as this is usually a continuation (of the down trend) pattern.

Opportunity Hunters - All Pairs!

Potential breakout on the GBP/JPY - July 7, 2011 — Nice flag formation on the GBP/JPY on the 15 min chart with a possible breakout to the upside. But as always, traders should be ready for a breakout on either side of the channels.

GBP/JPY, GBP/USD, and EUR/USD (technical analysis)

Yes, the breakout on the EUR/JPY was on the downside, I shorted this pair at about 115.00 for a quick 100 pip profit with a stop at 115.50, a 2 to 1 risk/reward ratio. Bottom line: with any rectangle or triangle formation, always be ready for a ...

EUR/JPY Anytime!

Potential breakout on the EUR/JPY - June 22, 2011 — The title of my last post should of course read " POTENTIAL breakout on the EUR/JPY - June 22, 2011", not potention, sorry for the typo, I am watching 3 forex screens at the same time on a ...

EUR/JPY Anytime!

Potention breakout on the EUR/JPY - June 22, 2011 — We can clearly see a rectangle formation on the EUR/JPY (30 min chart), a breakout to the upside could send the EUR/JPY higher. Happy trading everyone.

EUR/JPY Anytime!

Thank you for your nice comments Cindy. I am a die hard romantic music lover, especially when I am trading (it relieves all the stress, try it), so I am dedicating this wonderful soul-uplifting piece to you, and to all the music lovers out there of ...

What kind of music you hear while you trade?

To "fade the retrace" means you ignore the current price movement and stick with the original primary trend. Most professional traders fade breakouts (trade against them) for example (while amateurs chase them), because most breakouts are false. ...

What does "fade" mean?

Thanks RealJumper, I will listen to that AC/DC song during the Bank of Japan Interest Rate Decision, due in a few hours. Or maybe not Cordially.

What kind of music you hear while you trade?

Did I say that Cindy? All I am saying is that trading is an activity that requires total concentration and focus, especially if you are scalping or day-trading the market, any outside distraction could only lead to bad trading decisions and costly ...

What kind of music you hear while you trade?

After reading a few posts on this topic, it is hard to believe that some traders are actually listening to hard-rock music while trading, it seems way far fetch to me, unless they are are not trading on a professional level.

What kind of music you hear while you trade?

You just lost 3 grand in 31 seconds after the Non-Farm Payroll report. And yet you are still calm and relaxed, almost amused by the event. Because you are listening to Enya... http://www.youtube.com/watch?v=_upDME6MwPY

What kind of music you hear while you trade?

I like to listen to Enya while I trade, as well as any music with the flute.

What kind of music you hear while you trade?