Recent content by Cerano

I have already stated in my first post that I have been a full time trader for 6 years with this as my only income, whereas in your profile you state you are part time, which for me means a hobbyist. You state, trading experience 3 to 5 years what does that mean exactly? is it 3 or 5 years...

Elliott wave is just another pattern fitting technique, yes the market does move up in 3 smooth waves and down in 2 sometimes, but not very often. There have been books and books published on this subject and some have dedicated their whole lives to it's study, it's put forward as a scientific...

For sure it's difficult to know who to trust, I can give you a few pointers. 1) Anyone posting that is not trading full time and making their income entirely from trading should be regarded with healthy scepticism. Just ask them. 2) Anyone who is selling anything particularly anything...

95% of the people you're asking are losing traders. It's not how many people use it that important it's whether it works, and you can determine that yourself by back checking.:)

Which just happens to be right:clap: Those who can actually "observe" what the market really does will go on to make great traders, the rest will just put lines all over their charts.

Oh come on man, trading packages are generally provided by broker's who take the opposite side of your trade. Do you really think your broker wants you to win? Also, most packages include a fib tool with 50% and 76.4% neither of which are even fib ratios. Most of the stuff in these packages...

O.K fair comment, I'm talking about institutional and prop traders one former prop trader who knows many others told me that they (he and his colleagues of the time) laugh at the belief systems that retail traders hold. Also, I did say that I had personally tested the fib theory and found it...

Sgt Pepper. I'm a full time trader for over six years now and I use a very similar method to this amongst others, I advise you to ignore fibs and all other "lines" apart form main S&R levels and main trend lines (channels). No professional trader I know uses fibs, they have no relevance in...