On the daily chart the EUR/GBP is screaming and yelling: "SELL, SELL, SELL!" A breakout under the 0.8330 level would make the shorts very very...
But careful though, there is some serious resistance ahead, at the 0.8450 level (1 H time frame). So unless the EUR/GBP is able to break that...
I suggest you look at the charts and only the charts, they alone can tell you the truth, the rest is just pure noise and local bar conversation.
Sure, but look at the daily charts and you will see a completely different scenario... :cool:
In fact it's quite the opposite, the pros are bored to death when they trade! Their daily "job" is to find a trading opportunity and pull the...
Hi Ghost of Cutten. Is this statement based on extensive research or simply your personal opinion?
Like dealing with your margin calls I guess? Just kidding Ghost of Cutten :p
For me a master trader is someone who has learned to be completely detached from the outcome of each trade. This is indeed the most difficult...
Again, traders fail because they are playing a game with a negative mathematical expectancy. Each time you initiate a position you...
Here is a good trading psychology book I read recently, it's called "What I Learned Losing a Million Dollars", by Jim Paul and Brendan Moynihan....
I strongly agree with LaissezFaire, even the most disciplined trader will blow up his trading account if his "system" has no trading edge to begin...
Well if there is no trend this moving average technique will allow you to exit your trade quickly, hopefully with some profits or at break-even....
In other words you do not know where your exit price is, which is a bad thing for any trader. Here is a simple but powerful suggestion : just...
The Forex and the indexes have gaps too, especially after the weekend. These gaps are usually closed rapidly but not always....
Let's get serious for a second, if you can make 2% a day you are already a master trader and you could turn a mere $10,000 into almost a million...
Investing and trading are not the same thing. The returns you seek, the length of time it takes to achieve those returns, the amount of risk one...
Really? Take a look at the chart of the Dow Jones Industrial Average for example (since 1902) and dare to tell us the up trend is just due to...
Most traders fail because they cannot beat the spread or/and commissions/fees, case closed and end of story, don't let anybody tell you otherwise....
Quite true my friend. In trading just like in Poker, we simply take money from less educated/experienced traders.
Trading IS gambling ?!?! Who told you that lie? Just curious.
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