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- mjl replied May 10, 2022
IMHO Bitcoin is a disaster for the environment because of the amount of energy required for the datamining. Twice as many participants but four times the amount of energy required. Furthermore it is nothing more than a pyramid scheme, just like the ...
- mjl replied Oct 6, 2013
None ... 99.99% of the books have been written by those who did not make it in the markets. Study indicators, pick a few that you think might work and then study them in depth until you understand how price moves around them. Open a dummy account ...
- mjl replied Oct 6, 2013
It may be the easiest but I will never trade it.... a flash crash will wipe you out. By the way - the interest rate products are the most efficient. efficient has no relation to easiest or hardest to trade
- mjl replied Oct 6, 2013
It are not the intellectuals who succeed, it are not those that are rich who succeed - only perseverance is omnipotent. (famous expression I read somewhere). However I would suggest to focus on a single instrument until mastered and afterwards focus ...
- mjl replied Sep 22, 2013
And even with total commitment and plenty of time there is no guarantee you'll be successful ...
- mjl replied Sep 22, 2013
Totally agree - I trade price action. But.... I've got 1 (one) custom indicator that I use and I cannot trade without it. Trading profitably is possible. Initially traded with artificial intelligence, then 100% automated and now discretionary. But I ...
- mjl replied Aug 28, 2013
Trading is a mathematical issue and not an art. Otherwise the automated trading could not account for 60% of the liquidity in the market. If you have not worked this out / cannot recognize the "pattern" yes then you think the market is random and an ...
- mjl replied Aug 28, 2013
There, I fixed it for you. News spikes, front running, stop running, brokers delaying execution, co-hosting on exchanges, big automated trading bots with the ability to trade 50 times per second will always out trade the poor upstairs bloke who has ...
- mjl replied Jun 29, 2012
with todays bots the technical analysis setups are more often observed than the funny mentals, err... fundamentals. Trade what you see, not what you think. My bias is down but the charts tell me it is up so I am following the charts. Don't think, ...
- mjl replied Jun 29, 2012
The London market is the main currency market and those pivots are normally used.
- mjl replied Jun 29, 2012
pressure on 1 minute is stronger to the downside than upside = be carefull
- mjl replied Jun 29, 2012
It hit the 89 EMA on 12 hour chart
- mjl replied Jun 29, 2012
NEVER EVER try to catch a falling knife!
- mjl replied Jun 29, 2012
that was nice icing on the cake
- mjl replied Jun 29, 2012
Depends on which timeframe you are thinking about. Even if the bailout is going ahead it does not solve the problems - all they are doing is printing more money. In a nutshell: The labour force has been exported to "cheap" locations and the same ...
- mjl replied Jun 29, 2012
No apologies necessary - the fault was mine for not expressing myself clearly enough. The AUD-JPY can be interesting as well but many different opinions exists. Whatever gives you the best return and what you are best able to exploit is the medium ...
- mjl replied Jun 29, 2012
Who knows what firework that will unleash. Depending on the outcome it might result in another gap on the open of next week. Wonder if Oanda will suspend trading again like with the Greek election.
- mjl replied Jun 29, 2012
Apologies if you took it as me implying that your country is poor. I've lived in places where the average income was USD 1.50 / day and I know what even a few dollars can mean to those people. What I tried to imply was that without knowing a persons ...
- mjl replied Jun 29, 2012
In some countries USD 500.- is equivalent to a year's salary, who knows what the average income is where this person lives.
- mjl replied Jun 29, 2012
On the other hand - the less people that are willing to trade the further a panic order (or stop run) will go. If a hedgefunds wants to get out at all costs (end of the month and actually now end of quarter) and there is no one to take the other ...