Hi Toshi, I agree that this certainly happens but unless you have the ability to know that they are phantom bids, you can not add this into your trading strategy. The only traders who will know that information is the trading house/brokers (and ...

EURUSD

Hi xtraction I think you have misread and mis-interpreted the post about the 23% retracement (I couldn't find it in the link you provided) What the poster has said is that the 23% (??) retracement will be hit in 90% of cases. That is simply because, ...

Jacko's Forex House of Pleasure and Pain

Hi TraderT I think the biggest issue is that young traders feel this urgent "need" to always be in a trade and always trading. They have seen the stereotypical trading movies (like the movie "Wall St" some years ago) where traders are yelling and ...

Risk Reward Ratio is not used for making money

Hi vincy balboa My name in the dailyfx forum was exactly the same as here (jacko) The main thread is here I left there to concentrate on trading and making serious money because some young aggressive guys came in with the sole intention of looking ...

Risk Reward Ratio is not used for making money

What is my most profitable trading method? I would suggest Trading with the Trend (or Trend Trading) If you question the older, experienced brokers/traders at the brokers who you trade with, I will guarantee that they will confirm that trend trading ...

What is your most profitable trading method?

Hi Toshi I think the question can best be answered by asking WHY you want see volume? In futures trading it is well known that brokerage houses will put multiple levels of huge buy orders UNDER the current buy price. The orders were just there to ...

EURUSD

Hi ak4X For a moment there, I thought ALL those posts by Turveyd were about me... Then I saw that only the first one was directed to me. The others were directed at other traders. So now I don't feel too bad. ....LOL PS I am sure all the other ...

EURUSD

Hi Bez3000 Thats a good explanation. For the purpose of clarity, I will try to explain the fibs and the round numbers a little more clearly. Prices move in the direction of the main trend. Within that trend there are Support and Resistance lines ...

Jacko's Forex House of Pleasure and Pain

Hi The Fool As you know, in China and most Asian society, the patriach makes all the decisions and the young men show great respect and humility to their elders. On that societal basis, the older/senior Chinese leadership would be seeing Mr Obama as ...

EURUSD

Hi The Fool ( a very unfortunate moniker...LOL) I think that you are correct that the Asian Tiger economies would want the USD stronger but until China decides that it has had enough of the USD falling then it will continue to fall (or stay where it ...

EURUSD

Hi Larseg An interesting quote. But like Mr J says, it is a generalisation. There doesn't need to be a black and white argument about whether discretionary trading is better or worse than technical trading, I think that the issue has more to do with ...

EURUSD

Hi TraderT I wish I had said that... A very clear and concise set of statements about Risk/Reward ratios .

Risk Reward Ratio is not used for making money

Thanks Cyrus This Forex Factory is a really great forum. It absolutely overshadows any other forex forum for quality of the main contributors, the quality of the moderators and the politeness and maturity of the vast majority of the posters. I was ...

james16 Chart Thread

Exactly.... I agree . Like I said previously, Rather than trying to "force" my trading to get a set result, I prefer to trade the best I can (and in a manner that is sustainable for the longer term) and just let the profits accumulate.

Risk Reward Ratio is not used for making money

Hi Larseg I am sorry..the problem with printed text is that you can't see my smile when I type. Or did you mean that you had a higher Risk level therefore you are not an optimist? PS If something is confusing because it can be interpreted in a nice ...

Risk Reward Ratio is not used for making money

Hi Kenkomo Good work The first rule in forex trading is......Patience The second rule is don't complicate it..... .

Jacko's Forex House of Pleasure and Pain

Hi guys I just dropped in because I saw my name in one of the posts here. I try not to post too much anymore because it brings out every troll on the internet. But I just want to say to any newbies that are here, that that this thread is excellent ...

james16 Chart Thread

You are an optimist.... !!!!!!

Risk Reward Ratio is not used for making money

Hi Mr J That is the conclusion I came to many years ago too.... Rather than trying to "force" my trading to get a set result, I prefer to trade the best I can (and in a manner that is sustainable for the longer term) and just let the profits ...

Risk Reward Ratio is not used for making money

Hi KissFan Trading (especially forex) IS the best business on the Planet. Jacko PS I am / was a big fan of Gene Simmons and the boys

james16 Chart Thread