Monarch, No offense taken, my point being that combining technical and fundamental analysis can be a powerful tool, and if you've been around here lately, you know that I'm a backbiter and syndicator, to quote John Lee Hooker...

Daily Cable Analysis

Maybe everyone here might want to watch what happens with their own technical system before and after news. Instead of trying to news scalp, if you have a good technical system, it may send you in the right direction well before the news, before the ...

Daily Cable Analysis

Another thought, Monarch. The market is flat right now. There is impending news. When will the market move? Maybe when the news comes out?

Daily Cable Analysis

Monarch, Why don't you observe when the market absolutely violates all technical rules, then observe when the market absolutely violates all fundamentals, think about those specific situations for 2 years, then come back and laugh at me for making a ...

Daily Cable Analysis

Those who learn to combine the technical and the fundamental are the ones who experience success...

Daily Cable Analysis

I'm not playing a game of chance, I'm looking for reasonable certainty. It's been working out well lately. Right now, we wait. We make no trades. 30 minutes before UK inflation comes out, I'll be looking to my own system for an indication of ...

Daily Cable Analysis

Let's just see what the inflation numbers are, but I bet they were leaked, like all Econ numbers are, so you can use your techs to figure out direction about a half hour ahead of the move...

Daily Cable Analysis

I'm looking to short, but only if the market tells me to do so. I have ways of figuring that out. Don't we all. If it goes long I will not trade. Overall, we're short on this, and I'll let you mugs make the trades while I wait for the next short. ...

Daily Cable Analysis

I totally agree. When I used to try trading off 5-min, 15-min, and even 1-hour charts, I always got skunked. Now I use 4-hour charts to take advantage of short-term volatility, but look to the dailies and weeklies to determine direction. This ...

The Daily charts are KEY

If you're using candlesticks, realize that they must be used in conjunction with something else, like an oscillator, fibs, etc., whatever's your poison. Also, a lot of patterns that apply in markets that actually close do not apply in forex. You ...

Candlestick questions

Looks like a short to me, technically, but I'll be waiting for a dip below 9610 ahead of the UK inflation numbers tonight, or I'll trade the reaction to CPI. I'm looking to short it right now, but everyone around here keeps telling me you can't ...

Daily Cable Analysis

Here in the USA the way to do it, really, is to use an LLC and have your trading accounts under that company. Trade your ass off then use the tax benefits of an LLC, like office expenses, etc., as write-offs. I'm no accountant, but I've been ...

I don't want to pay tax

My whole point was that money management should be based on trade size, not stop loss. Go ahead and base it on stop loss, then get stopped to death. What happens is that you start to base your stops on your risk level, instead of basing your stops ...

Money Management Percent?

Not that I like this situation, but it is a reality. Understanding it helps me trade Yen better, but that Nissan or Toyota any of y'all Americans out there drive that you think was made in America was basically not. These American Toyota, Honda, and ...

JPY devaluation?

Check out Nissan's plant(s) in Tennessee, Toyota's and Honda's in Kentucky and Ohio, etc. These plants are US Customs Zones, meaning that anything brought there from outside the US is exempt from tariffs until a finished product destined for sale on ...

JPY devaluation?

I am an American, and a good one. I don't like taxes any more than anybody else, but there are ways to minimize them. Pay your taxes, and don't renounce your citizenship. Who in the hell would actually renounce US citizenship? There are people out ...

I don't want to pay tax

Here's how I compute this. I use real leverage. That depends on your account leverage. I use Oanda, so I have a max account leverage of 50:1. Some brokers offer 100:1, even up to 400:1. However, your real leverage should be way, way lower than that. ...

Money Management Percent?

Trader, you're absolutely right that a man must let the market go where it will, because we do not control that. We have to find methods, statistical or otherwise, that are predictive. Obviously, you can't predict the market. However, you can come ...

more knowledge more problems

Exactly, Trader, control yourself because you can't control the market! Awesome way to put it! It took a lot of bucks for me to figure that out, but now that I have, I only see success in the future. Summit, let it go. I didn't bring that sort of ...

more knowledge more problems

I totally agree that you can confuse yourself by attempting to apply different methods simultaneously. I have finally realized that I must use one method, alone, and accept its warts in order to reap its profits. If you can't handle drawdown, or ...

more knowledge more problems