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CannonScout replied Jan 27, 2019Probably because they've stopped making their decisions on words & started basing their decisions on actions. They do seem to differ quite tremendously.
EURUSD
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CannonScout replied Jan 27, 2019Isn't it a temporary re-open? Plus I imagine this has been factored into the markets already. As Ed Seykota says "file the news." I've found that technicals react to news reliably without the trader actually being aware of the news. (Sometimes)
EURUSD
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CannonScout replied Jan 24, 2019Stopped out, not even surprised. Please don't have loyalty to losing trades. Can always re-enter if need be.
EURUSD
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CannonScout commented Jan 24, 2019If you flog a dead horse long enough it may come back to life lol
Poor EMU PMI Compounds ECB's Challenge
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CannonScout replied Jan 24, 2019Yeah me too. Probably will get stopped out though, expected as much when I entered. Was a risky play. Patience, patience, patience. God it can be excruciating though. Like waiting for a bus that may or may not be coming, and could also mug you in ...
EURUSD
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CannonScout replied Jan 23, 2019Do you have any opinion on what the result of the conference / rate decision is? Or are you reacting as it happens?
EURUSD
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CannonScout replied Jan 23, 2019I'm unsure if this is even relevant, but given the title of the thread I thought it worth sharing. I remember being young and developing technical analysis skills. (I was a terrible trader at the time but my analysis was spot on; bad mm) And an old ...
Technical Analysis Fallacy
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CannonScout replied Jan 23, 2019Looks alright to me. But risky, gut says it will break lower. But a systems a system. Paraphrasing mbrown, if it works in the long run go for it.
EURUSD
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CannonScout replied Jan 23, 2019Why wouldn't I reply? Umm...it's within a range and reflecting off a well established and easily identifiable trend-line. A basic trading book would highlight this pattern within the first few chapters I would think. Maybe I'm just being cocky IDK
EURUSD
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CannonScout replied Jan 23, 2019I'm always suspicious of things that appear obvious. Wouldn't be surprised if it just broke and shot downwards. But I'm long currently anyway.
EURUSD
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CannonScout replied Jan 23, 2019Could you explain what the letters are within the screenshot?
EURUSD
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CannonScout replied Jan 23, 2019My computer crashed and I lost of my charts. Save your work people! Anyway still looking to BUY between 1.1335 - 1.1365 - if price on a smaller timeframe confirms. Important announcement later today which could spark selling/buying of the EURO. ...
EURUSD
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CannonScout replied Jan 22, 2019Trial and error until you learn the lessons yourself. Then you preach the same message to others who will learn the lessons themselves haha. Loved his Chapter in Market Wizards. Was the best by far.
What kind of music you hear while you trade?
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CannonScout replied Jan 21, 2019haha yeah that is torture. I worked for a Prop firm here and they started at 3Pm (GMT+8) You'll have to be a bit nocturnal down here to catch the good fish.
Trading stories - my first 100K!