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- Xela replied Oct 27, 2015
By the time you allow for "extensions", "alterations", "truncations" and all the other super-interpretative, completely artificial constructs which the Elliott wave enthusiasts have been forced to come up with (in an attempt to explain away all the ...
Do Elliott waves work?
- Xela replied Oct 27, 2015
I think there are two overwhelming reasons why traders lose (which, between them, I think, probably account for 90%+ of instances): the undercapitalisation/overstaking problem, and the issues of not having an "edge" (positive net expectation) in the ...
reasons why traders lose
- Xela replied Oct 27, 2015
The site you're recommending above was created only this month, Bryan. It's registered to someone called Bryan Tan. Is that you, by any chance?
Do trading Systems really work?!
- Xela replied Oct 27, 2015
The UK daytime session. Because I live in the UK. So the main instruments I trade are GBP/USD and EUR/USD. This works out luckily for me, because they're also two of the lowest-dealing-cost and most highly traded ones, and I can trade them during ...
What session do you prefer to trade and why ?
- Xela replied Oct 25, 2015
Yes and no.
is it possible to predict breakouts?Like so many of the subjects widely discussed (often with some disagreement) in trading forums, the conversations often conceal the fact that different people are using words with slightly different meanings, understandings and ...
- Xela replied Oct 24, 2015
It's the difference between the ask price and the bid price. By subtracting the bid price from the ask price. These terms "bid price", "ask price" and "spread" are all clearly defined and explained on this short page. Pips don't move. Prices move, ...
Spread & stop orders
- Xela replied Oct 23, 2015
I find it better to draw and use S/R levels rather than to "approach" them.
Price vs. Price and Time
- Xela replied Oct 23, 2015
Yes, many traders have, including those who use tick charts (and I think maybe those using Point-and-Figure charts, as well?). I don't use any of those, myself. Moving averages tend to be time-based (though they don't have to be). Indicators are in ...
Price vs. Price and Time
- Xela replied Oct 22, 2015
This is a 2006 thread, of which the antepenultimate post was made in 2008, but now that it's been bumped a couple of hours ago ... I strongly suspect that most of the answer is "emotional investment". The great majority of aspiring forex traders ...
Why are we afraid of simplicity?
- Xela replied Oct 22, 2015
No problem - I don't think we're "dissenting" from each other that much, anyway. It's the "high-probability set-ups make it possible to predict, at least reasonably accurately, the overall outcome of 100 similar trades" part of what I said that ...
Why it is possible to predict price movement?
- Xela replied Oct 22, 2015
I agree. In fact, I agree with everything you've said apart from the fact you're "differing" from me. I suspect you may possibly have taken me as having said something I didn't actually say - certainly nothing in what you've said conflicts with my ...
Why it is possible to predict price movement?
- Xela replied Oct 22, 2015
No. That would be what you'd be trying to do if you'd made a profit on the trade, because then you'd have Yen to sell. But when you've made a loss, you need to do the opposite. You've lost 6,000 Yen on the trade and need - effectively - to pay that ...
How to convert profit/loss into home currency?
- Xela replied Oct 22, 2015
Exactly. "Predictability" conversations, in trading, tend sometimes to become confused because of a lack of clarity in differentiating between individual and collective predictability. Nobody can confidently predict the outcome or price-direction of ...
Why it is possible to predict price movement?
- Xela replied Oct 22, 2015
I've always found GBP/JPY the worst of the majors, for my methods. (I don't actually trade it at all, but sometimes look.) There might be some "selection-bias" in this opinion, but it seems to me to be very difficult for fast-moving, intraday ...
Toughest Currency Pairs To Trade
- Xela replied Oct 21, 2015
So did all the Las Vegas and other casinos who banned a whole group of other academics and scientists from their roulette tables in the 1980's, and so by implication did the Nevada state legislature who helped out their casino-owning corporate ...
Do trading Systems really work?!
- Xela replied Oct 20, 2015
It's technically two indicators, Nicholas, not one: the red line is a moving averages of the highs, and the blue line is a moving average of the lows, of the same periodicity. I think. (MA's are typically applied to the close, but they don't have to ...
Two Bar Line Indicator
- Xela replied Oct 20, 2015
Opinions (both about which ones, and about whether or not that's a good approach) differ very widely indeed - as I think is already starting to be shown from some of the initial replies, above. All it "goes to show" is that different approaches and ...
TREND: Which Pairs to Watch?
- Xela replied Oct 20, 2015
Several of the comments in this current thread may also interest you.
Do trading Systems really work?!
- Xela replied Oct 20, 2015
Real systems, yes ... (the same is true of mine, so far). But it's very easy to cobble together from previous price data a system which works only on that specific data. And that's a substantial proportion of the stuff that people are selling. It ...
Trading systems - Never pay for one!
- Xela replied Oct 20, 2015
Did they send it to someone in Nigeria who then had to do a mass email mailshot to raise funds "to release the payment"?
Deutsche Bank: $6 Billion Sent in Error