100% agree with this. My favorite trades of the day are the ones I don't take.

Technical Analysis Fallacy

Not to pick on you, but let's think about that statement for just a minute. Indicators to not analyze markets. The trader analyzes the market. You are responsible for selecting the TA tools that help you analyze "the market". In reality, "the ...

Technical Analysis Fallacy

I always enjoy reading other people's market analysis, so thanks for sharing yours. I've been following this discussion since ant's post. IMHO, his initial buy deployment was a prudent move, and a good use of a scout. Had I been awake at the time, ...

Technical Analysis Fallacy

Fti, you've touched on a topic that has occupied my thinking for several months now. You might not want to go this direction, but I have been thinking that evil today is found on the culture of immediate gratification. Many forget that sacrifice is ...

Technical Analysis Fallacy

I'm uncertain how to reply to this, but assume the best response if a simple "Okay". Have a good weekend everyone!

Technical Analysis Fallacy

I read your post and thought I'd share some perspective on your situation. I don't mean to offend or step on toes. Fti is a professional trader. He is the real deal and the whole package. And he has shared his expertise here in this most outstanding ...

Technical Analysis Fallacy

LOL...thanks! How have you been? Where are you? Maybe reply to my message with that. Hope you are well!

Technical Analysis Fallacy

Fti, I will try myself. I'll get back to you soon. Btw, the dry sunshine of the Sonoran Desert might be good for your health. If you need a vacation for a week or two let me know.

Technical Analysis Fallacy

I considered replying to your first post but deleted it. But this post forced me to reconsider the deletion. Your comment about waiting for confirmation doesn't fit with this threads MO. Confirmation is difficult concept to describe. Instead of ...

Technical Analysis Fallacy

I share things on FF that can't be faked (a clear description of what and how I trade, as described in my journal and posts containing trade ideas), and information about what it takes for me to trade successfully (education requirements, experience ...

has anyone EVER seen a successful trader/trading system?

I said that the GBP landscape was negative going into the weekend. That was my assessment last Friday.That's why it was a bad idea (worse than usual) to hold long trades open over the weekend. My comment about a rough open was based on the British ...

has anyone EVER seen a successful trader/trading system?

What do you know about my long term trades that qualifies you to make such a recommendation? They were opened in early May, above 1.3000. Are you a long-term trader? Maybe we could swap stories about how to manage long-term trades. The gap down was ...

has anyone EVER seen a successful trader/trading system?

Thanks for the link to EcoTrader. Just a side comment: trading FA is risky and difficult, but being a fundamental trader is not so hard. Just don't get out ahead of the FA and don't put yourself in a position where the banks can run you over. It's ...

has anyone EVER seen a successful trader/trading system?

I did not give your post the time it deserved, and my reply was incomplete, so I’ll give it a better go now. First, your reply was moronic, but that doesn’t make you a moron. Second, your comments about market reaction to FAs is just wrong. The ...

has anyone EVER seen a successful trader/trading system?

You are a moron. Its 50-50, eh? I probably exited? Do you understand anything?

has anyone EVER seen a successful trader/trading system?

Was wondering if any of you guys had noticed how GBP crosses have been randomly moving this week? I mean, there's no way you could predict what the FA would do to the market. It's just so unpredictable and ranfom. Someday there will be a magic fund ...

has anyone EVER seen a successful trader/trading system?

Well done and keep going! You are correct that the next several hundred pages are full of really good discussion.

Technical Analysis Fallacy

You 2 have just admitted that you don't know how to prepare for and then trade FA. If market reaction to an FA confuses you, then 1.) You don't understand the basics of the FA and 2.) You don't understand the basics of the pair you are trading, and ...

has anyone EVER seen a successful trader/trading system?

I thought a proper response to this is the following chart:

has anyone EVER seen a successful trader/trading system?

First, you have used the coin flip example and corresponding charting of results as presenting the same rests as forex market action. This is your view and your example. Not mine. You've made this false equivalence, not me. Therefore, you see them ...

has anyone EVER seen a successful trader/trading system?