In my view, anyone selling anything connected with trading, with obvious exceptions such as a few notable books on the subject, or access to live charts, is a scammer. I say this because I do believe that trading success comes only from within, ...

Recognizing a Scam

Here are the two links to my charts posted above, which should now open url url

The fake - King of entry opportunities!

I think that's the most sensible thing you've said all day.

EURUSD

No, they don't all buy, but a lot of money is taken off the table, which will weaken the move. I'm not saying it won't continue to fall, I'm just pointing out the parameters some traders are going to be looking for to exit a trade, such as major ...

EURUSD

It just might, but not because of that. We have a 90 pip single four hour candle about to close, we are on the Daily S3 pivot, and not far above the H4 200ema, which in total means that an awful lot of people are going to take profits at the end of ...

EURUSD

Attached is a screen shot of today's EUR/JPY, my favorite pair to trade, showing two fake opportunities to go long today. I've taken out some of my MAs to simplify the shot. The orange dotted line is the 100 simple moving average which is rising up ...

The fake - King of entry opportunities!

Hi Puma, A fake is very often a clear signal to you, the trader, that the price is about to move, maybe dramatically, in the direction you were hoping it would, that is, in the opposite direction of the fake. So for example, you or I might feel our ...

The fake - King of entry opportunities!

Some longer term thoughts on where cable may be headed now. Go to a weekly chart and you'll see that it doesn't like staying above the 200ema, and this is the sixth time it has been above it since early 2011 before coming back down again. Moving up ...

Cable Update (GBPUSD)

Not at all, you've just got to see where support and resistance comes in, watch how the candles behave and go for it. This hour chart shows that this morning's sharp down spike was held at the 76.4% fib level, to then rally strongly up to the first ...

Cable Update (GBPUSD)

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What kind of music you hear while you trade?

My two cents to this interesting debate, and I'll be short. From what I've learned, and I've been a full time trader for four years, is that trading successfully is about finding or developing a system that brings profits, that's all, not win to ...

Shortcuts to becoming a profitable trader

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MetaQuotes Warns Brokers About Illegal Plugins

And 43 is rather nice as well! I mean, what a load of rubbish some of you guys are talking. The main levels are 38.3% - 50% - 61.8% - 76.4%. I used 61.8% this morning to enter and exit an ej trade very successfully as part of my strategy, so this is ...

Why do people use Fibonacci in trading?

[quote=Philt;6616275] Why exactly?

Why do people use Fibonacci in trading?

[QUOTE=kbp;6565304]I have been questioning myself again and again for a long period of time about Fib retracement. There is no logical explanation of why it works/does not work. The most answer from people is: "because everyone uses them". This is ...

Why do people use Fibonacci in trading?

ZEW will have an impact, and on ej, which I'm trading, short term I agree, no way of telling which way it'll go. If it goes down, I have what is for me support at around 650, but that is only an area I'll be watching closely if it gets there. For ...

Ramblings of a Forex Junkie

Don't worry, it's only peashooters. Technicals all a bit mixed today, that strong push down to a lower low foxed me earlier, but the divergence scenario it created gave me renewed faith in my earlier prediction. I've actually just closed my entire ...

EURUSD

You challenge me to a duel - I accept

EURUSD