Happy trading day everyone. Thought I'd check in so see how you are doing, but looks like its kind of quiet here recently. Hope you are all well and trading well, too. Super trading week so far, but with NFP tomorrow, it may be time to find the ...

Technical Analysis Fallacy

Wow, you are very optimistic -- lol. Wondering if the GBP will arrive at a low ahead of the euro, but will just take it one day at a time. Fun trading day today (had a good week today -- lol). Good trading and hope you are well.

Technical Analysis Fallacy

Gap closed in 300 pips more north, probably not going to happen soon -- lol. Yes, if someone is still trying to close that gap I am sure their broker is reaching for the phone now to discuss margin rules -- lol.

Technical Analysis Fallacy

Been trading this all morning, but can't find anything in the news to indicate why. Caught the E/J falling, too, so guess the euro crosses are moving in sympaphy.

Technical Analysis Fallacy

I love and really appreciate your posts!

Technical Analysis Fallacy

Lots of big investors (eg, Warren Buffett and Bill Gates, to name a few) lost hundreds of millions of dollars betting against the dollar back then. I think they learned their lesson well. I think the euro will retrace from here or go sideways for a ...

Technical Analysis Fallacy

thepatternsite.com

Chart patterns and trendline discussion....

God bless the people in Chile after the earthquake there, and if you are near a beach on some South Pacific island, its time to head for higher ground.

Technical Analysis Fallacy

Here is my continuation of analysis from this morning: image

Chart patterns and trendline discussion....

I do not see an entry point (with the trend) at that point, nor do I see an entry point for counter trend trade, which is not to say that in time the PA will provide an entry. There are several good threads on FF on how to use fibs, and I recommend ...

Chart patterns and trendline discussion....

Agree with everything that has been said here and would add the following. As debt loads cannot be served, asset prices fall as people sell things to serve thier debts. Businesses and people learn that things will be cheaper tomorrow, and start ...

How did Japan end up with deflation ?

A 4H chart would look something like this: image I pay attention to the the overlapping fib levels (in the one above, the -.27 and -.618 extensions overlap), but use the -.27 as the first target and the -.618 as the second, expecting retracements ...

Chart patterns and trendline discussion....

Consider trading to fib extensions and taking profits at those levels, and re-enter as you get retracements to .50 or .618 fibs, placing a stop at some point beyond the .786 (if you go beyond that, then statistically, you are in trouble). Just a ...

Chart patterns and trendline discussion....

LOL--thank you sir for the reminders. Hope you are well!

Technical Analysis Fallacy

Hi fti, Difficult to do when you have the forex by the balls, but I took your words to heart and exited my trades. Who ever took the eur and gbp up today in early Europe trading, thank you for teeing up the ball for a great run south. Time for some ...

Technical Analysis Fallacy

Yes

Technical Analysis Fallacy

Happy New Year fti and may God bless you and yours.

Technical Analysis Fallacy

OK, I'm not sure what you are saying. The point I was making is that trading one standard lot on a $2,000 account balance is not a good idea, because prudent MM and market relalities are in conflict with that suggestion. Putting it bluntly, I think ...

Technical Analysis Fallacy

Totally agree. Minimize the loss and get it back by following PA. It takes some time to learn this, as luSan mentioned, but well worth the effort. And let me mention one more thing about my rescue: I only rescue under certain circumstances, not ...

Technical Analysis Fallacy

The following are my personal opinions and are not meant to upset anyone. One standard lot ($10/pip) per $2,000 account balance? I think the standard "at risk" percentage that experienced traders recommend is 2%-5%, which is $40-$100 on a $2,000 ...

Technical Analysis Fallacy