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the redlion replied Aug 14, 2011I personally believe that neither fundamental analysis nor technical analysis is predictive, and reliable. nor do i believe that risk:reward ratio exists, nor do i believe in pre disposed SL and TP orders. the market cannot be predicted, because it ...
Where is the EDGE in trading? The most important thing in trading!
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the redlion replied Aug 13, 2011that is correct!!! most systems attempt to predicting price at certain levels or where it will reverse, the problem is that no one really knows what will happen in the future, the market moves tick by tick and each tick reflects the price NOW. so ...
Where is the EDGE in trading? The most important thing in trading!
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the redlion replied Aug 13, 2011i personally think that every one finds their style sooner or later, fullperson i am also looking into options, as hedge exposure but one thing at a time. first i need to be proficient trading forex, and investing in stocks similarly then i can ...
Technical Analysis Fallacy
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the redlion replied Aug 11, 2011what was said above is true. however research economics, macro and micro the global financial system forex market structure correlations between markets, options, and forex understand what the role of the usd is and what is reserve currency ...
Is anyone trading in this market?
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the redlion replied Aug 9, 2011i think the only currency you should watch is the USD trade the 6 majors one at a time or all six, the one with the best set ups etc. according to the movement of the USD gbp, eur, aud will go up on usd weakness jpy, chf, cad will go down on ...
Ideal number of pairs 4 beginner
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the redlion replied Jul 25, 2011second that! to predict is to fail, to analyse and objectively adapt to market conditions and have way to exploit it when you are right, is success fundamentals give you direction, technicals give you timing, direction + timing = profit
Why exactly do EMA crossover systems not work?
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the redlion replied Jul 25, 2011preaching to the choir, but im sure you meant well, thanks for the advice anyway
Technical Analysis Fallacy
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the redlion replied Jul 25, 2011how's everything else going for you sir?
Technical Analysis Fallacy
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the redlion replied Jul 25, 2011ok................? thanks to fti i already knew that, what's your point?
Technical Analysis Fallacy
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the redlion replied Jul 25, 2011back to my original post: "b/s"
Why exactly do EMA crossover systems not work?
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the redlion replied Jul 25, 2011first time i read something disappointing from fti
untradable for who? i'm making profitsTechnical Analysis Fallacy
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the redlion replied Jul 25, 2011yeah , but if instead of working on a system, you work on YOURSELF and your understanding of the market. you would always make a profit in a range, bull or bear market and will be able to troubleshoot if needed
Why exactly do EMA crossover systems not work?
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the redlion replied Jul 25, 2011mubcake the problem with back testing EMA and SMA, WMA and all sorts of combinations is that it is bogus on its face. if MR breakout knew that a 13 SMA (there really is not much difference between all MAs exept the hocus pocus, curve fitting giving ...
Why exactly do EMA crossover systems not work?
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the redlion replied Jul 25, 2011the market is not the enemy, the enemy is within ourselves. no one is there lurking trying to counter act your edge. price moves according to interest of the people that move it. Mainly the regulators of the financial systems are the central banks, ...
Why exactly do EMA crossover systems not work?
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the redlion replied Jul 24, 2011no one seems to understand me, maybe im just a weird trader but i dont see time frames. its all the same, up is up no matter what time you look at it. if the euro hits 1.4300 it will hit it on the tick the hour the month the week the daiy the 4 hrs. ...
My take on trading
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the redlion replied Jul 22, 2011time frames dont exist it either happened or is happening....period. all time frames are, is a measurement of price movement over a certain period. by the way price doesnt respect lines on the chart, nor does it know what your indicators are telling ...
Question about timeframes 1H, 4H etc
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the redlion replied Jul 22, 2011i have been very busy lately and have not have much chance to post or trade. but i have been looking at news and catching up on current events. my take on things is the Euro and the Usd will continue to titer totter from one event to the next. the ...
Technical Analysis Fallacy
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the redlion replied Jul 14, 2011my advice: learn what a moving average is the average of a price over a period of time. 1 hr charts is what you use right? a 12 sma is the average of 12hrs or 12 candles. that is all it is. however the market doesnt work like that, every new tick ...
How to use Moving Averages?
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the redlion replied Jun 22, 2011can you see the price with all those lagging lines? you probably are guessing focus on one currency: the USD then you can trade any pair
Trading Strategy