aussie2242
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nice analysis
jet i like ur analysis just a little hard to get a good look, can u email it to me.. ive just started out in forex. doing the fxcm power course at the mo, so any help would be appreciated .. email aussie2242 @hotmail.comJetheat said:
aussie2242 said:
Hello mate,
Just a little hard to email it to people.
If you click on the chart again, you'll see a little magnifying glass appear on the chart after a few seconds.
Click on that and you should be able to view it properly.
Since you're a beginner, I have just the thing for you.
Email me at [email protected] and let me know how much you know already.
JH
Yeah, It was a bit of a shock.
But the trick is to take advantage of things like that when they happen.
There are various ways. With some simple analysis, it's always possible to go with the flow.
Never stick to one direction only. If the chart tells you things are turning around, best go with it.
Well, that's how I look at it anyway.
JH
But the trick is to take advantage of things like that when they happen.
There are various ways. With some simple analysis, it's always possible to go with the flow.
Never stick to one direction only. If the chart tells you things are turning around, best go with it.
Well, that's how I look at it anyway.
JH
"poetic bullish engulfing" vs "do your research" - jetheat, am not trying to raise the heat here but really, what kind of research is this - i can not agree more that preparation is critical before trading - but what does a chart with lines and annotations tell me - what i want to know is that when i enter a trade, i have a >50/50 chance of winning - (or alternatively my expectation of profit is > that of a loss) that's the only thing i care about - what i'd love to see from you is something like - if there is a poetic...then i am likely to make X of profit, because that's how much i have made in the past, for example... - i you tell me this, i will run this setup through my data and verify it, and if i am happy, i'll be v grateful to you - in fact, you are up for it, give me the setup and i will post the trades... - all the best.
Eureka, I'm not sure what you're driving at.
My post is only an observation along with my thoughts.
Sometimes, it provides ideas to other traders.
The things I see on the charts are not 100%. They don't always work.
However, various patterns and formations have proved themselves in the pst time and time again and that is why many traders use them.
Of course, everybody expects to win after entering a trade. The whole reason for doing the analysis is so that your chances of success are greater than 50%. So, in theory, every trade you undertake should have chances greater than 50% as long as its based on sound analysis.
Does this make sense?
My post is only an observation along with my thoughts.
Sometimes, it provides ideas to other traders.
The things I see on the charts are not 100%. They don't always work.
However, various patterns and formations have proved themselves in the pst time and time again and that is why many traders use them.
Of course, everybody expects to win after entering a trade. The whole reason for doing the analysis is so that your chances of success are greater than 50%. So, in theory, every trade you undertake should have chances greater than 50% as long as its based on sound analysis.
Does this make sense?
hi Jetheat - i suppose one thing i am wondering about is "mechanical discretion" in your signature - i presume that relates to your chart setups - i am curious as to how it relates to your charts - one of the reasons i am wondering is because i myself have studied the tried and tested chart patterns and then put them to mechanical tests with the results being neutral at best.
