Dammit!! Generally the Asian session consists mostly of consolidation phases, but it seems there were some beautiful moves going on over night this time On the H1 charts price broke through the coral in EURUSD yesterday, then retraced back ...

THV System Trades & Patterns Thread

Got out of all trades because I'm happy with today's profit of 85 pips Should have gotten out when I was up 110pips, a $1k day would have rocked...but I learned not to be greedy, the market punishes you if you are

THV System Trades & Patterns Thread

Hehehe, I did something similar a few times...it's good fun but can be very stressful. Slow and steady is less stressful (but also less fun). Good luck Anyone can do this by the way. Find a strategy that's proven to work, and then set aside an ...

1000% within a day

After reading "Hedge Fund Market Wizards" the following quote hits the nail on its head: The amounts of times those guys failed initially is stunning...and the one thing they have in common is to NEVER GIVE UP. Some of them were fired from trading ...

21 Ways Rich People Think Differently

In terms of books, the one that influenced my attitude towards trading the most is: Hedge Fund Market Wizards It's a brilliant books that tells you how some of the big players started...including some hilarious stories about their early mistakes. A ...

What helped you the most to be profitable?

I'm long USD and short EUR/GBP/AUD/CHF today, up 46pips so far, happy days By the way, if you're too lazy to figure out how fundamentals might influence your trades, check out the Open Interest rate. It tells you how the "smart money" invests, ...

THV System Trades & Patterns Thread

I need an automatic stop loss because I have a fulltime job The 5 EMA shift 3 works well on the H1 timeframe. I took some trades on the M15 using the same system a while back and it worked too, but my sample size is way too small compared to H1. ...

THV System Trades & Patterns Thread

Nope, using the 5 EMA shift 3 because it doesn't kick me out of moves as quickly. Agree on period 5 moving averages though...what do you use your 5 SMA for? By the way, I wouldn't be surprised if the EURUSD retraces all the way back to 1.2950...or ...

THV System Trades & Patterns Thread

Went short EURUSD at 1.3070 once it broke through a strong Fractal support level...still in the trade at around 32 pips profit so far. Will remain in the trade as I kind of expect the Euro to continue a downward move until Spain asks for a bailout. ...

THV System Trades & Patterns Thread

There are systems with a win rate of way lower than 50%...and they are profitable. So the win% isin't everything anyway and the whole coin flipping comment is nonsense.

I want to learn and learn

Hope you all had a fun day benefiting from Bernake's approach to to the economy "The economy isn't well, quick, let's throw money at it!!" What a moron...

THV System Trades & Patterns Thread

Thanks for the clarification

THV System Trades & Patterns Thread

Stupid question maybe (and you can bash me for asking since I'm not using THV's indicators), but why does it say "Trix Cross: BULL" when Trix clearly suggests a short move? I quit after my 17pip loss...crazy day at work.

THV System Trades & Patterns Thread

If you compare trading to "flipping a coin" you are obviously not taking into consideration proper data analysis at all. It isn't a 50/50 chance If you flip a coin there's a 50/50 chance IN THEORY...but only because it happens so fast you don't ...

I want to learn and learn

Sore loser You asked for it. FYI, technical analysis isn't all that different for stocks...for example, Bollinger bands work the same way in both cases, and the same goes for pretty much every indicator. I think stocks are WORSE because it's ...

I want to learn and learn