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- Mike Haran commented May 31, 2011
Because this business is fixed, the value of the eur has no relation to news. Its where the big banks put it, thats why Yohay is getting floored in his forecasting, maybe he is right in his view but these markets as the saying goes can remain ...
EUR/USD Shows Impressive Strength Despite Weak Figures
- Mike Haran replied May 30, 2011
What I find disturbing — The sad thing about this post is 2 fold, firstly the chap never got the chance to explain his leading indicator, no one gave him a chance before they jumped on his back like a pack of wolves. Highly aggresive ...
Lagging Indicators -vs- Leading Indicators
- Mike Haran commented May 29, 2011
Bots have one flaw, they are thick, as soon as traders see what they are doing they will exploit it. All it means is that as a scalper you will have to assume its a silicon mut trading against you and adapt, humans are faster to see these ...
High-Frequency Traders Descend onto Forex Markets. What are the Implications for Retail...
- Mike Haran replied May 23, 2011
You can see why actually looking at charts helps — The general direction and approximate magnitude of the move was very similar to past market moves. Even down to the double wave correction up. This chart was constructed before the market made ...
How I will turn $100,000 into $1,000,000 in a month
- Mike Haran replied May 23, 2011
EURJPY Predicted Move — Basically the markets like to repeat the same moves again and again, study the charts and you will find that price action often preceeds market movements, combine that with cycles and you have a powerful trading ...
How I will turn $100,000 into $1,000,000 in a month
- Mike Haran replied May 21, 2011
Merlin I will show you some real magic — Eurjpy will move down from here, first fall 110 pips retrace up followed by a second fall, then its off down, follow that you !
AMAZING Strategy!!!
- Mike Haran replied May 21, 2011
Having pushed the account to 340,000 — I had a look at my sucess in the contest and I noticed that at one stage I was upto $340,000 then i performed so badly and went back to 150,000. I decided to then look at my loosing trades to see if I ...
How I will turn $100,000 into $1,000,000 in a month
- Mike Haran replied May 18, 2011
Lot of you won't be aware of this — In May 1951 there was a top in the commodities markets, gold, silver, corn wheat,soyabeans all collapsed. We ar 60 years from that point and that is a Gann cycle. Now, silver tanked recently, gold is off its ...
AUDUSD for informed traders
- Mike Haran replied May 16, 2011
CHFJPY Trade invalid — Because the market moved first through the previous top this trade is a no go. As I was expecting the market to roll at this point and it moved higher it proved that my analysis was incorrect and I did not enter a trade. ...
How I will turn $100,000 into $1,000,000 in a month
- Mike Haran replied May 16, 2011
CHFJPY Trade — I go down to the 5 min chart, usually this would not be a place to look for reversals unless the bigger time frame told you there was something there. My strategy is simple sell CHFJPY at 90.78, stop 91.09 provided that 90.78 is ...
How I will turn $100,000 into $1,000,000 in a month
- Mike Haran replied May 16, 2011
EURJPY AND GBPJPY — The EURJPY is in a clear down trend that is very clear, we have hard core resistance at 113.477. A break of this would be quite a bearish signal, because there is not a lot of support under us. In my old days I would be ...
How I will turn $100,000 into $1,000,000 in a month
- Mike Haran replied May 16, 2011
Hello to you all — Firstly, I never want to knock anyone for their ideas or beliefs. Just because I cannot do something does not mean its not possible. Part of what trading has taught me is never close your eyes to the possibility that someone ...
How I will turn $100,000 into $1,000,000 in a month
- Mike Haran replied May 15, 2011
Totally agree with you — Good work we are both of the same opinion, I see you are using elwave, nice work and certainly good analysis. All the best Mike
How I will turn $100,000 into $1,000,000 in a month
- Mike Haran replied May 15, 2011
EURUSD Analysis 15th May 2011 — ruffryders Caeynne Turbo S EURUSD This is especially for you, what the chart is indicating to me is that I should now be on my guard about the trend in the EURUSD being in an uptrend. Simply because this ...
How I will turn $100,000 into $1,000,000 in a month
- Mike Haran replied May 15, 2011
hanover a great pleasure to have you here — I totally agree with you in what you say, risk management is crucial and as to putting your stop to break even it is amoung the most effective methods of running a trade. As to exit points in the ...
How I will turn $100,000 into $1,000,000 in a month
- Mike Haran replied May 14, 2011
My approach is simple — The one thing you have as a trader is trend. That is your edge. The next thing is support and resistance, that is your second edge. Candle sticks are useless they mean NOTHING, candles from different brokers depending ...
How I will turn $100,000 into $1,000,000 in a month
- Mike Haran replied May 14, 2011
Humility — I studied elliot waves for years, they are good after the fact, but they cannot predict except in hindsight. I do agree with you on the retracements and impulse wave, this is useful, however my studie of wave fractals lead me to ...
How I will turn $100,000 into $1,000,000 in a month
- Mike Haran replied May 14, 2011
I did post a trade in silver — I also intend to educate those of you that want to be educated. I will actually call my trades here in the forum, as well, or you can just look in my blog because you can see where my entries are. Most of my ...
How I will turn $100,000 into $1,000,000 in a month
- Mike Haran replied May 14, 2011
Silver Trade this is how I would play it — Once we break a previous low (green box) its time to be alert to a trade. The signal to enter is a break of the blue line. At this point the market is moving down in accordance with the daily time ...
How I will turn $100,000 into $1,000,000 in a month