image Ralph Waldo Emerson.

Quote of the day - Trader’s oomph!

The great man passed away on the 20th July, aged 96. Reading his wonderful book during my early years of learning how to trade, along with many other WW2 pilot's stories, helped me with my psychological approach enormously, and I would recommend any ...

The Trader's Academy - by Traders for Traders

My latest projection for the Dow. Dax Daily 200sma level holding as I type

US and Euro stocks mounting one more rally before crashing?

Now that the double top has broken at 400, it looks like Dow is now set for the 76.4% retrace from the high @ 25,870. I also have a level of potentially strong MA resistance at around the same level, so that's the one to watch for me now if the ...

US and Euro stocks mounting one more rally before crashing?

Potential double top coming up at 400 though, and I have a lower possible resistance level at around 350, so we'll see what happens.

US and Euro stocks mounting one more rally before crashing?

But if you know what you are doing, you do not need this advice. Your thread is therefore aimed at losing traders who will undoubtedly become even bigger losers were they to follow your advice.

Simple advice but it can turn around your trading

The problem, and it is a big problem, with this thread and the advice which it contains, is that the only people to whom it concerns are those that are losing money in the markets - consistently profitable traders, whether they use a SL or not, are ...

Simple advice but it can turn around your trading

Dow is looking very bearish today, in fact it has been building all week, dropping, but pushing up to a new intra-day high each time it had fallen a bit. Not today though I don't think. It is on H1 100sma support right now, which should lift it, but ...

US and Euro stocks mounting one more rally before crashing?

Neither have I, I read them all, well, a good few, years ago, which was a good education, but next to useless for my style of trading. That book is a good one though if you want to try to tie everything together. I have found though, that the less I ...

US and Euro stocks mounting one more rally before crashing?

I have, and there is a very good book I'd recommend should you want to go into it in some depth. However, too much inter-market analysis tends not to help me much with my trading as I only really trade the Dax these days, plus the Dow when I can get ...

US and Euro stocks mounting one more rally before crashing?

Difficult to say now. 345 is the 61.8% from the all time high, and that sent it back down in June. Looks like it is coming down a bit today, but whether they ramp it up again in the NY session remains to be seen. If it does go higher, and I have no ...

US and Euro stocks mounting one more rally before crashing?

I'm probably repeating myself with this post but it's no bad thing. We all know that losses are unavoidable in trading however careful we are to avoid them, but the majority of the losses of losing traders occur due to lack of preparation. In ...

The Trader's Academy - by Traders for Traders

A very erroneous post if I may say so, and for the benefit of those new or relatively inexperienced, I would like to challenge it. This is of course my opinion. I have traded now for ten years, and I have never known market behaviour change in any ...

How do you define a profitable trading system?

No darko I haven't. It really depends on the technical though. The Dow now looks set to climb higher, but on the sub H1 time frames it could continue to fall today. The reaction to the trade tariff news overnight was actually pretty small, 300 pips ...

US and Euro stocks mounting one more rally before crashing?

Dow down over 300 pips overnight. Trump dropped a trade tariff bombshell overnight, so just lucky? Well, I don't believe in luck in trading, as the price has an uncanny way of advertising events and announcements that cannot otherwise be predicted. ...

US and Euro stocks mounting one more rally before crashing?

I know this thread created zero interest, which is fine, but for those watching Dow, it's up in that key area now, having got just 55 pips short of 25,000, but high enough to form that head and shoulders pattern I mentioned above. It can still climb ...

US and Euro stocks mounting one more rally before crashing?

Just a quick follow up on the last post ! made. I would like to ask a question, which doesn't need answering here on this thread, but it is something that is worth thinking about. How risk averse are you, generally as a person. Are you someone who ...

The Trader's Academy - by Traders for Traders

I started a similar thread to this one a couple of years ago or so, and ClivePeckham came up with this valuable response, which I'm sure he won't mind me pasting here - " Hi Cat Great question and the very core difference I'm sure between winners ...

Why is demo trading more profitable than live trading?

No idea.

Dax - Daily analysis and Discussion