Hardly. He trades thoughts and feelings. If he had the keys to the castle, he wouldn't be paper-trading again. But, again, best of luck.
As he apparently has no plan, there's no insight to provide. But best of luck anyway.
Unless you provide your reasons for taking your trades, there's nothing to criticize.
Long past time the FX bubble was burst. But where will all the under-capitalized and over-leveraged traders with no concept of risk go?
This is what I implied by "succeeds more often than it fails". If one knows exactly what he's looking for and exactly what he's looking at, he...
True. The key is to develop a particular entry tactic that succeeds more often than it fails, take it without exception every time one sees it,...
Well, to begin with, I'd've used a tick chart, not a candle chart. Makes no sense to use a candle chart if trading the ladder, much less candles...
Well put and well illustrated, and you've shown why so many retail traders are always late, even if they are on the correct side of the trade.
Possible but not likely intentional since the two have different objectives and seek opportunities in different places. Therefore, they will be...
Depends on what you mean by "same thing". The longer-term trader isn't going to care about a tick chart, nor is a scalper going to care about last...
Actually, they're not. Scalpers are looking at something different than those who trade 1m charts who are looking at something different than...
Clearly there are several of you who have no idea what trading price is all about. Which is fine. Have a nice trading day.
Traders were tape reading long before moving averages and candles.
I don't know that I'd say they "got it covered". They're trading candles and moving averages, not price. Trading price is independent of all that....
The NQ provided a good example of this today.
Yes, but it needn't be second by second. Important moves are telegraphed long before the actual announcement. AAPL, for example, broke its trend...
Doesn't matter if they're simple or complex. Once you begin assigning names to these movements you're back to using indicators. The only...
If one defines "tape reading" classically, he's a tape reader. If Gloria is interested, she can always ask him. LC
If by "tape reading" you mean tracking the course of price movement to determine whether buyers or sellers are in the driver's seat, one of the...
There are a lot of drafts floating around. The current version comes in three parts and is over 400 pages long, as I said. Those who are...
Separate names with a comma.