We are still waiting for that scientific study that shows you are right more often than you are wrong. At the moment, the guy trading the moon phases is slightly beating you. When will you guys ever give up guessing that you can predict what the market will do?
Looks like that "Hope" strategy isn't working - 1.2975 and climbiing You're on fire all right, this time attributed to "Crash and Burn" Controlled risk? bah humbug
I just noticed, college ruled is so intuitive, nobody knows how to intellectually respond, so it awakens the intuitiveness in his detractors, and they just simply post picutres they had to shut the last thread down because it finally became just all pictures
I'll be just fine the HIGH today is already in. Down a few pips but will get them back. I'll ride this down to next SUPPORT, cover sell again higher ride it down again, repeat as often as needed. That's my gameplan anyway.
In the course of human history, more money has been lost trading support and resistance than even the skrewy trading ideas I come up with.
Interesting thoughts because I trade visually. I flip thru 4 or 5 time frames the trade just appears to me. I think that's the reason I'm not so good trading overnight...much better during the day for lots of trades 10-20 pips per. Going to stay away from overnights for now.
Seriously? :eek: You don't believe in SUPPORT/RESISTANCE? Why? Surely there are historical prices that attract buyers and conversely attract sellers? At this price the former is called SUPPORT, the latter RESISTANCE. Just makes sense doesn't it?