Apparently so....there are some evil bastards in this world. Reports say that he killed himself too. This is worth a whole new thread of debate, but I'm just going to say this - I am a moderate liberal in the US, and I support the right to own guns ...

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I noticed the R2 / swing high earlier myself as well....will be a while before it gets there probably but worth watching for potential PA setups.

Nearly Naked (Simple Trades)

I don't have a limit order set right now, if I get a chance to enter it won't be until next week. I've decided to wait for price action to confirm my levels instead of just playing them.....doing a manual backtest of a few years showed me that ...

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I've given up on trying to analyze the news / fundamentals....too many varaibles involved and it seems the market ignores it 90% of the time anyway, and the other 10% of the time does the complete opposite of expected. I'm reading a book by a ...

Is selling low/buying high possible?

Hanging tight before I jump in the game here....if we do have a breakout will wait for a retest; next significant resistance coincides with the monthly R2 pivot @ 1.3260-ish.

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Exactly. Probably has a trend trading EA or something which is chewing him up alive in choppy markets. A valuable lesson on how the vast majority of strictly mechanical strategies balance themselves out over time.

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The biggest problem with smaller time frames isn't even the noise, which can be tolerable depending on the pair, but the spread eating into your profit. Often times it doubles your risk. I've moved to the daily bars for my trades to minimize the ...

Still losing

If we can reach the old swing high we might get another good reaction.

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The problem is that the market is fractal....on a lower time frame you are picking a top or bottom. The goal is to minimize risk while maximizing reward...if you don't pick the top or bottom of some move (setting a stop-loss at where you know you're ...

Is selling low/buying high possible?

This was a daily timeframe play, stop was placed at where I figure I'm wrong if price reaches it.

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Thanks, but all the analysis in the world seems to still result in losses. Oh well, once this small account is out of change I guess I'll go back to demo.

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Stopped out...

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True - I didn't mean to attack you. And as luck would have it price jumps after the post is made.

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Much potential for upside is questionable even if it breaks that range. Fib level hasn't been reached yet and there's still quite a bit of room before I'd call this level broken. My novice opinion, anyway.

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I'm in this because of the price pivot and confluent minor fib...still holding short but PA showing a lot of stubbornness. Was hoping London open would provide some more guidance, but looks like just a bunch of up and down noise.

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Morning! I've been pretty frustrated with results the last week, but I'm hanging in there. Technicals on my chart are telling me to go short but I'm sweating with the current price action.

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I'm going short, which given my track record means everybody else should go long.

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And, the result. So is risk/reward really nonsense? Judge for yourself.

Are Risk/Reward ratios simply nonsense?

Thanks for taking the time to illustrate, I appreciate it.

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I have a lot of respect for you, and I apologize if I used careless wording. I think there's a big misunderstanding with what I said and how you're interpreting it, though. Never have I said theft and fraud are OK.

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