If you practice it long enough visually, you will start to see the support/resistance areas without really having to think about it anymore. S/R is the core of my trading approach, so I would definately recommend getting to know it. I credit James16 ...

Support and resistance

I knew this was coming LOL! I was also waiting for someone to bring up DE Shaw who is managing even more assets (29bil at last read) than James Simons himself (6.4 - 9 bil medallion fund, however Simons returns vastly outstrip Shaw's). Simons is ...

The future effect of banks using AI software

Agreed. There will always be simply too many discretionary variables in my opinion. I haven't seen a single "black box" hedge fund return anywhere near what a human trader/trading group has been able to consistently make. I'm not knocking ...

The future effect of banks using AI software

There are too many things for me to comment on, but I will say this...even if that did happen, and the "patterns" were altered, brand new patterns would emerge to take the place of the old ones and we would just get used to trading those. Also, ...

The future effect of banks using AI software

Feb and Recreator, I like the way you fellas think You basically described my methods in a nutshell and I could never see myself going back to screwing with junk cluttering up my charts again. (It is "junk" to me, it doesn't have to be ...

Sick of all the MA crossover systems

Lugmanz, couldn't agree more with all the points above. Also, we sometimes forget that "mechanical" systems have all been produced through discretionary observations of one kind or another. The "system" doesn't build itself, at least I haven't heard ...

Sick of all the MA crossover systems

In general, I think price tells the tale. With that said, like everything...indicators, MA's, etc have their place if someone wants to find use with them. As with anything, they can be extremely effective if you know when to use them. Just purely ...

Sick of all the MA crossover systems

Amen.

Expected returns from Forex

major releases only. NFP, IR, etc. I got a long signal on gbp/chf and gbp/usd but I chickened out

EURUSD

Angie, that's what I'm thinking

Cable Update (GBPUSD)

There could end up being a wicked fade setup if it can hold long enough

Cable Update (GBPUSD)

Looking to short eurusd, go long usdchf. Mindaugus, I have studied pre-news release behavior alot, and this behavior (if I am allowed to say that I think this is what it is? Not trying to start any trouble...) seems to indicate that certain people ...

EURUSD

Agreed. Van Tharp was one of the best books that I have in my collection.

The New Science of Technical Analysis book

He may be right, he may be wrong. The only way you will ever know whether or not you can do it, is if you try for yourself. So much for subletly. Give it a try if you like, what have you got to lose?

Forex Profit... Im sorry but... (10% per month?)

Soros must have been one hell of a floor scalper LOL!!! So THAT'S how him and Druckenmiller "broke" the British Pound in 92!

How to be a trader for a company?

I agree with november15th...once you start having these "Aha" moments...they really don't stop happening, as long as you continue to focus, work hard, and have a conscious/subconscious/unconscious burning desire to improve your trading skills and ...

"AH HA" moment

Going for "10 pips a day" is certainly possible, but not probable. The probability diminishes as the streak continues, because it opens up the chance for a freak move, news release, or spike that you will be on the wrong end of, taking out your 75 ...

Just 10 Pips !!!

Thanks for your post Gwan, alot of opening and closing isn't bad inherently as long as the net result is profitable and not psychologically destabilizing. However, I am going to try to keep my number of trades as low as possible. The lowest pip ...

Longest string of consecutive winners?

For me, I really like the 5ema and 8ema cross. For a long time, I felt that MA strategies in general were garbage, but I have found a pretty good use for them now . 5 and 8 do a really good job of keeping you in during a moderate strength to full ...

What are the best MA's to use?