Price action is all you need-Unadulterated unmitigated uncorrupted simple price action--unqualified by indicators , uncompromised by resistance points, pivot points or support levels or anything else ( except Bol. bands, EMA, SMA)---At first PA is ...

Is Price Action Enough to Trade in the Forex Market?

You guys are in a semantic quibble--you both are essentially in agreement but expressing differently.

Is Forex a ZERO Sum game?

Speaking from a purely mathematical point of view forex is a zero sum game. What I win someone else loses and vice-versa. However, in the real world, with new money comng in and old money leaving all the time the zero sum affect is mitigated or ...

Is Forex a ZERO Sum game?

Three bars, as described above, is a frequently seen construction on most charts/pairs. More often than not it represents a potential reversal. However it is subject to a host of other modifiers that may delay , void or alter the outcome ...

The "Three bars" strategy

Take a look at Marketsworld.com--They have some of what your looking for and their location is Isle of Mann. In my experience, no individual broker will satisfy all a traders requirements as far as Binaries are concerned. You need at least 2 who ...

Binary options broker?

In regard to the basic question posed in the title of this thread, I do not believe that any analysis of statistical data alone can predict price movement and direction in the forex market unless it incorporates price action as an integral part of ...

Can statistical methods be used to create a trading strategy?

Algorithms are merely a set of steps designed to solve a problem,as I'm sure you know. They may or may not be automated depending on complexity and size. Because of simplicity this algorithm, which I suppose could be automated ,does not require it ...

Can statistical methods be used to create a trading strategy?

My definition of Price Action : The fluctuation in successive closing prices within specific time frames and the price ranges that envelope those closing prices. Both elements ,closing price and range,are equally critical, as well as their relative ...

Can statistical methods be used to create a trading strategy?

Stick to price action--it is the one and only approach that works all the time,in all time frames, in all commonly traded pairs,in both trending or neutral (sideways ) markets. It never fails to consistently deliver profits whether your a scalper. a ...

Can statistical methods be used to create a trading strategy?

Continue to hold long entry at 1.5390--stop at at 1.5340---TP at 1.5480-Presuming this position survives the day, which I believe it wil, will again review pattern recognition to evaluate moving TP higher ---will post again after NY close --time ...

Cable Update (GBPUSD)

Continue to hold long entered at weeks opening price of 1.5390 wth stop below weeks low at 1.5340 and TP , if hit , at 1.5480---At this juncture cable looks higher for day tomorrow starting 6/25 0000 GMT (according to sequential pattern ...

Cable Update (GBPUSD)

Consumer confidence and US house prices drove my long trade back towards entry level of 153.90--although still positive at this writing (154.13--1039 AM ESDST)--discretion being the better part of valor Iwill stop this if weekly range is broken on ...

Cable Update (GBPUSD)

Durable goods knocked rally back some but still positive relative to price opening for the week---expect an extended period of sideways neutral movement at around these levels (1.5440) before the uptrend will resume---still favor upside for the ...

Cable Update (GBPUSD)

As per prior post I'm calling this market higher--EB

Cable Update (GBPUSD)

Bones-- Sequential pattern recognition does not employ the use of traditional indicators and inflexion points that are the hallmark of most trading systems that I am familiar with but rather relies on the relationship or pattern that individual bars ...

Cable Update (GBPUSD)

claudia1---This may be a silly post but not for the reason you state. Most brokers In the USA begin trading for the week coming on Sunday PM from about 5 oclock Easrern Standard Daylight Savings Time. Trading for the week , on many chart services ...

Cable Update (GBPUSD)

Sequential pattern recognition and analysis is calling this market higher for the week--given an opening at 0000 GMT 6/24/2013 between 153.50 to 154.50--EB

Cable Update (GBPUSD)