Recent content by StupendousTrader

Hi Youp: The following is what started this thread: " Candlesticks not profitable Massey University Research The Massey University Finance Dept. carried out research by Ben R. Marshall, Martin R. Young and Lawrence C. Rose, Dept. of Finance established from their research that candlesticks do...

When Preparation meets Opportunity, Luck suddenly appears and the "Lucky Fellow" smiles to the bank.

Hi TheBramble: No harm done. We are all here to learn from each other with politeness and humility. The best and most profitable Traders I know of are humble, silent and very polite. These are Traders who move hundreds of millions of dollars. They know that ultimately nothing matters in this...

Hi Chump: Thanks for making my point very explicit. I need say no more.

Hi TheBramble: I was responding to the following quote from the chump: " Originally Posted by chump View Post Jon, I stand by what I have said. Entry on what is a price range (for me) was not good and the best exit was missed BUT adapting to this at this point your stop has not been hit." My...

Hi Chump: It all depends on how much equity or fund is at stake. If you have just one or two lots of say GBP/USD currency pair costing about $5,000 or less in a $100,000 Account, then you can wait it out because you are with the main trend and you have a lot of cushion. If on the other hand...

Hi Jon: There is no debate about this. Get out now and then reenter if the market changes it's mind and goes in the same direction. Why stay stuck in a losing trade when there are other opportunities to put one's money in. There are three fundamental rules in successful trading. (1) Always...

Hi Jon: First, your write up shows that the Trader does not know how to interpret Candlestick Charts. No experienced Candlestick Trader will make such a mistake. Now, take a look at your Daily Chart to which I have affixed some labels. Signals ABC created a Morning Star which is bullish...

Saint: The following is your exact statement, quoted verbatim. Within 12 trading days of Venus turning retrograde, the U.S. stock market has had a 78% correlation to primary or greater cycles from which prices reversed substantially. But it is not only equities that are affected by this...

Saint: The Planets like Venus do not affect Equities or Commodity Futures. This is a fallacy. Equities, commodity futures, options and even Forex are all based on price created by humans. The volatility or any movement of these instruments are all price movements and the Planets have no direct...

Money Management is not difficult to describe Money Management is not difficult to describe and it does not encompass a broad range of topics. Money management means managing your money. And money is cash or any tangible asset that is very liquid. Your stock, commodity, Currency pair or option...

I have two questions regarding Money Management and here they are: 1. What exactly do we mean by Money Management in Trading Stocks, Options, Commodities and Forex? 2. How do we optimize our trading funds to get the best bang for our money? Now, I want to clarify a few things. Money...

Discipline isthe most important aspect of trading All the listed trading requirements are essential to trading but the most important aspect of trading is DISCIPLINE. No matter how great your trading system is, no matter how much money you have and no matter how calm or unemotional you are...

The original premise of using expectancy to compare two different trading systems with completed trades and known results of profits and losses is wrong and here it is again: "A lot of people want to compare their trading system with that of other people. To achieve this we need to calculate...

Why expectancy? Why would anyone apply expectancy to actual trades that have occurred? Expectancy is applied to projected or anticipated outcomes. If you have actual trades (100) with actual profits and actual losses, then the outcomes are already known and the expectancy application is simply...