I've found a way I wont have to draw fibs or go back in time to charts. Doing it all in excel with 8 years of historical data I am testing for retracement/no retracement before week's end and 61.8 before new high/low on the following week, ret to ...

Statistical Probability Trading With Price Action

cesar you are awesome literally ;p

Cable Update (GBPUSD)

NOW I am starting to feel the possible trend change

USDCAD trend reversal?

it only want to go up for daddy now,trailing stop was hit ages ago before the announcement. And let us not forget this....(Weekly chart) meaning I'd be suprised to see it go down further than 80-90 pips before bouncing from there blue line again

Cable Update (GBPUSD)

Could have trailed the stop, if it breaks this support then we have another 80 pips or so IMHO

Cable Update (GBPUSD)

I guess it was a good idea

Cable Update (GBPUSD)

Sky news is making it look like, within the next 5 mins people are going to start becoming infected and instead of dying will become zombies. GBP>GBP>GBP> recent headline "FARMER: SEWER FLOWED INTO FIELD WHERE CATTLE WAS GRAZING" "EATING SWANS IS ...

Cable Update (GBPUSD)

is it agreeable that today's USD news is neutral on the whole? or unchanged interest rates still cause some fluctuation and if so to what extent?

Cable Update (GBPUSD)

all i see is an 80 pip expanding range with a slight bearish attitude.

USDCAD trend reversal?

This trade won't stop giving me pips what do i do?!!?

Cable Update (GBPUSD)

Great info, do you have these same stats for last 31 weeks of 2006? would be nice to see what you mean by saying that GBP USD has changed flavor since last year. It had dawned on me also that possibly rate changes on either currency within the ...

Statistical Probability Trading With Price Action

that would be bad my stop is at 0325

Cable Update (GBPUSD)

Very informative and insightful fxhermit. I hope that I'm not the only one learning from this thread

long-run profits impossible with short-term trading?

I am so glad this thread was started. Just went to read about how to determine positive/negative interest on an open trade/potential trade.. I only now realize how significant that information is. I thank everyone for ... everything. I promise ...

long-run profits impossible with short-term trading?

Can you expand on that or direct us as to where to get such relevant information?

long-run profits impossible with short-term trading?

Fair enough, now let other traders reply to post #1 p.s the average "life expectancy" for a new trader on forex is 2 months (these are the odds you wanted to hear that you had beaten)

long-run profits impossible with short-term trading?

Warper I hope this clarifies some things for you. Making 13.8% or 50% or 100% in one trade means zip. The true test is over an extended period of time

long-run profits impossible with short-term trading?

Most definitely noted. P.s everyone reading, do not worry there will be a moral concluded in this thread when the replies stop coming in.

long-run profits impossible with short-term trading?

Noted, thank you.

long-run profits impossible with short-term trading?