This chart has been rescaled to show more of the area above and below the current price range. Notice how there is an approaching descending Red Channel, and also an approaching ascending Red Channel. It appears that these will encounter the price ...

USD/CHF

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USD/CHF

M5 Encounter with descending Red Channel caused market to break downwards. Midlines (Pink/Violet) show slight down slope, so this may be the onset of the down move. image M15 Approaching descending Red Channel indicates more down energy ...

USD/CHF

If it is a fact, please provide your source so we can all see it.

Real Reasons why Retail Traders lose money

Continuing holding short positions and there are now several signs that the up move is over. Gravity levels present significant resistance @ 8985 thru 9000 so I am expecting the market to bounce down. There are also several repeated patterns within ...

USD/CHF

What data/report is this? Source please? You say that after 1 year of trading... so what??? I would expect 99.6% of people to lose in their first year of experience. The people who win consistently are the ones who don't give up (as you have) and ...

Real Reasons why Retail Traders lose money

I believe that if you learn how to play poker well you can improve your control of fear. There are a lot of parallels between trading and poker, even bluffing...

how to overcome fear?

Agree completely. The data is looking shaky here and there, but even more problematic is the whole business climate ever since the 'Recovery' began. American businesses now take very few risks and nobody wants to invest in the future first. They ...

EURUSD

I am curious to hear opinions about how the upcoming ECB action on Thursday will affect USDCHF and EURCHF. My fundamental analysis abilities are not up to my technical, so let me hear from you fundies out there to help me get up to speed. How would ...

EURUSD

Neither currencies nor their markets are casino-based schemes. Your underlying assumption is false. The EMH has been proven false and markets are not random walks. They are very complex systems that can be impossible to predict using outdated tools, ...

Real Reasons why Retail Traders lose money

I have been short for over a week and have added new positions during the recent rise. I do not believe that .9000 will get hit until after the pair falls to .8890 image

USD/CHF

Umm, not exactly. How about this: 1) Average people think that Greed is the root of all evil; rich people think that Greed is good. 2) Selfishness is a vice - period. Rich people disbelieve this and so try to invent some BS rationalization to ...

21 Ways Rich People Think Differently

If something occurs in some kind of common and defined fashion, it cannot be random. Random means the opposite of that.

Do you believe this market is random?

In my opinion, every successful trade should exit via limit order. Do NOT 'let your profits run' in currencies; they do not behave like stocks. It's all about persistence vs antipersistance. Stocks are persistent. They have about a 72% chance of ...

EURUSD

A "Trend" is a hypothesis of persistence. If you say that a trend is underway, you are saying that it is more likely that the current price direction will continue than for it to reverse. But a true random system has neither persistence nor ...

Do you believe this market is random?