OK, noted. At the risk of causing a big fight with others, please feel free to read through the Technical Analysis Falicy (TAF) thread and see what fti has to say. It is not a method or a system, but more of a guide to becoming a trader and learning ...

The Reason why 95% Traders fail

Google J16 trading and got a site with a link back to FF.

The Reason why 95% Traders fail

OK, I googled J16 and found a thread on FF called James16, so I assume this is what you are talking about. Sorry to ask such a dumb question. I should pull out of this discussion. I usually hang with the TAF thread/fti, because the discussions there ...

The Reason why 95% Traders fail

I think the first quote is the one that I relate to. I think of my targets as not a prediction but a statictical probability of a possible result. Nothing more than that, but nothing less than that either.

The Reason why 95% Traders fail

OK, not sure if you are agreeing with me or not, and I have no clue what J16 means. That said, I could not offer an opinion on whether or not 20 hours with J16 is a good use of anyones time, but perhaps it is. It is my experience that learning to ...

The Reason why 95% Traders fail

95% if traders fail because they are too lazy to do the work that is required to learn to trade, and that is necessary to become a good trader. It is hard work and takes lots of time, and most people are unwilling to follow through.

The Reason why 95% Traders fail

Marry Christmas and Happy New Year to everyone. I am done trading for the year but will be back from time to time to check in on the chatter. Hope you all have a wonderful holiday. I will be spending next week on the ski slopes of Colorado, but will ...

Technical Analysis Fallacy

Happy trading day to everyone. I have been trading the GBP/$ since London and had a pretty good day doing it. Looks like the euro is still moving south but did not go there today. Would like to call it a day, but the current pullback may provide ...

Technical Analysis Fallacy

Happy trading day to everyone. I am short the GBP/$ now on the small pull back. Might be stalling here a bit but we will see. Stay focused and trade well! Edit: square now with very small profit. Do not like the pa at this time.

Technical Analysis Fallacy

Hi Fana, Just sharing a few thoughts on the questions. Before you learn to rescue a trade, you had better know how to trend. From your comments, I think this is your first problem. If you do not understand trend, how can you rescue? An inexperienced ...

Technical Analysis Fallacy

Hi everyone, I have been reading today and wanted to share of few things that may impact next week, or at least help explain last week. There were a few positive announcements in the EU last week that helps the euro a bit, including improved ...

Technical Analysis Fallacy

OK, here is my last trade of the week. It was a euro trade after a pull back on the 10M chart. Market was respecting a support line at 1.4353 and had hit a fib. Entry is shows, at 1.4349. I show protection being moved 1.4289, and I ignored the limit ...

TAF Based Trade Discussions

OK, I am done for the week. I just took the eur south from 4349 and am getting nervous about any follow through. Will hold this position open for a while protecting 4290. Hope you all have a great weekend. I will share anything of interest I can ...

Technical Analysis Fallacy

Happy trading day everyone. The market action is short on action so far today! Glad to see some chatter here today. Completely agree with aiyahmarkla's post on deliberate non-action. Good stuff there. As for time frames, I work up the Day and 4H ...

Technical Analysis Fallacy

yea, I have that same idea, and wonder if there needs to be a north move to square up positions above. Maybe, we'll see. The waves still form south and can see 4285. Just following PA.

Technical Analysis Fallacy

Happy trading day everyone. Euro is under big pressure, and now the GBP is, too. Hope you are all getting in on this. I am now square on my trades and watching the $/CAD for some better reaction, and watching for a pullback for next entry on the ...

Technical Analysis Fallacy

I have been in this goofy thing since just after the Fed announcement going south, at 1.4528, and it finally decided to make a move. Just looked in on it and am happy that its moving. lilpip, let's see if it can get to 4450. Good trading to ...

Technical Analysis Fallacy

LOL -- that is great!

Technical Analysis Fallacy

I love this and believe it is great advice for setting expectations. BTW, an ice cream cone at McDonalds is on the dollar menu - LOL.

Technical Analysis Fallacy

Hi lilpip, your "eyes open at 4502" was a good one. I am short the E/USD and will add to position on all pullbacks (two positions open, protecting profits now). Seems the thing to do, at least until it stops -- lol. My next "eyes open" is 4450 and ...

Technical Analysis Fallacy