Here could be an example of someone taken to the cleaners for doing 12121. Perhaps he would be saved if he did 12131. But then the guy/entity on the other side of the trade might want to do silly buggers with the next bar.

212 Candle Pattern

But by the time the momentum is certain, the move could be over. Filtering may not necessarily be better than following the pattern blindly. CHF/JPY currently has this 12121 pattern in the daily time frame. How many here would have dared to go ...

212 Candle Pattern

If there are 4 green bars and 1 red bar, the bulls are charging. It would be suicidal to go stand in front of them. As shown by the bad trade, you'd get flattened by the stampede. Curve fitting historical bars that don't fight back is not much use. ...

212 Candle Pattern

How come you are so good at predicting how long it takes for drawdowns to recover ? If you are that good at predicting the market, how come you are unable to make money from it, that you have to peddle your website here ?

Trading Without a StopLoss

It would be nice if you would make them bounces a bit higher for me

EURUSD

No idea, I am not a fortune teller. But I can tell you eur/usd is severely wounded, and I am not convinced any dead cat bounce is going to let me out of my longs. So I will become Warren Buffet of the fx world and be a life long investor in them.

EURUSD

WTF, there is still 5 hours of market left yet. Anything can happen in that time, I can tell ya !

EURUSD

Yes, it's very nice. I was kept busy since the CAD news. CAD is seriously poking its head up now. I must go check what the new was.

EURUSD

I am bargain hunting aud/usd long. My shorts on it is going into storage.

EURUSD

Or it's a reload opportunity.

EURUSD

Yes, everyone can see it's going down. But they can't see what happens after. That comes with experience.

EURUSD

Will have to wait and see. It's a common friday strat.

EURUSD

It will not end today. It will be taken down all the way. Then let people have a good think in the weekend. Then spike it down on Sunday so everyone exits. Then, it's end.

EURUSD

I don't want to be harsh. I used to do it too. But it's a very good way to learn. I have no expectations those support will hold.

EURUSD

Doesn't seem very wise to pick the bottom on eur/usd. It's in free fall.

EURUSD

I think I am more of a beginner profit taker right now. I built up quite a bit of profit in chf/jpy. For some unknown reason I refused to take it. Now I lost half of it.

EURUSD

If you are often wrong, then I'd have to say you are right. Why DD ? Maybe we can have an MD, or YD ? Imaging your local supermarket throwing out everything because they couldn't sell their goods in a day. That's be a total mess, wouldn't it ? ...

EURUSD

Excellent, then I will be able to sell the longs for profit. If I can sell for profit then clearly I know what I am doing. As for hitting the lows, I continue to load up the shorts. I am good to go whichever direction it takes. I have no need to ...

EURUSD

Those go into storage. But you would be too clever if you knew ahead of time eur won't rise again. I am not so clever and I won't impose my views on the market. If the market goes up, those longs will come out of the storage. See, it's exactly like ...

EURUSD

Phew, that's quite a bit of action there. My eur/usd shorts gave me 2 rounds of profit taking. There were plenty of pips elsewhere too. I like this NFP.

EURUSD