GlassOnion

It's post 184 at The Traders Podcast

I think the thread tittle says it all.: Rock ? Jazz ? Baroque ? Chamber? Does it make you a better trader? Could you trade without music?

How much are you charging Rob for the system? You can't just give it to him when you know he going to make money from it. Wait ! Wait ! just kidding. I could not help myself. :haha:

It's useless until the Moon is in the 7th house.

For the first time in seven weeks the EURUSD (FXE UUP UDN) has had a decisive sell-off. After stumbling Wednesday, closing at about 1.3340, the slide continued today (Thursday), all the way down to 132.20. The catalyst for the sell-off appeared to be good US economic data. The weekly first-time unemployment was as expected, 331K, and the Quarterly GDP (Annualized) was reported at 2.5% better the the 2.2% guess.

As for me, I made my biggest loss in Forex trading was when i just started trading Forex. Funny enough, i made my biggest loss immediately after making my biggest profit. It was due to my attempt to take advantage of an immediate reversal of trend.

Thanks for the story. The whole site looks interesting. I have bookmarked it for later reading during the work day.

I will take Weds 7/24. Heads/buy

I have found currency outlook report by Scotia bank. It very simple i precise forecast for major pairs next few years. ]http://www.scotiafx.com/Chart_Feed/fxout.pdf[/url] I'm sure that every big bank has similar report, but I was unable to find it on their pages. So if you have links on similar reports by other banks, please put it here so everyone that is interested in this type of report can find it on one place.

I came across this and find it very handy, sort of like a Swiss Army Knife for traders. It works in Safari, Firefox, and Chrome so far that I know of. It is completely free, not even any advertising. Hope you like it. http://signalscreen.com/

Just came across this. Interesting read Thx.

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Traders who cannot control their emotions will rarely make any successful trades and will quickly join the 95% of traders who lose money consistently. The three emotions that traders suffer from are; fear, hope and greed. To be successful you need to suppress these emotions, banish them like demons. All these emotions are detrimental to making money and being a good trader. Some traders even have all three emotions at some point in time. So how can a trader suppress these emotions? Firstly, don't take high risks by trading more of your capital than you should. A rule of thumb is to not risk more than 5% of your capital ( MAX ) on any one trade. If you keep to that rule there is no chance to lose all your capital. Make a plan and stick to it. Make yourself a set of rules and keep to them. For example if you have a rule which says that your risk reward ratio is 1:2 or 1:3 then keep to it. You'd be surprised how many traders reverse their risk reward ratios. Comments and/or Tips welcome.

Wanted to know which are top currencies that gives clear prediction on price movements, shows clear market outlook ,obeys psychological levels such as S/R ,Fibonacci etc. Please Let me know your frank opinions and suggestions.

Informative as well as entertaining. Thx Mystic !

Hi all See the attached monthly chart of the S&P500. This chart pattern seems to be an expanding triangle many say it only occurs at the end of major trends. Any triangle experts out there have any views.

today i was facing a little dilemma and was wondering how the more experienced and successful traders handle this particular situation. Today i started trading a little later than usual...came to a market than was already moving and before PA took me out was able to catch 10 pips. Then I faced the dilemma...keep on trading or call it quits for the day? I opted to stop. Now i get back just for curiosity ( a couple of hours later) and see a trade opportunity represent itself. Since i decided to stop I didn't take it but i wonder how an experience professional would have handled this. keep on or call it a day? (especially on a friday with price having already moved a bit.) I guess my question is: When do you stop?

I remember when I first heard of fx back in 2007.I tried to research more and I thought it was the most complex thing I ever saw. I used to lurk around this forums and the intelligent quality of the posts were such that it made me feel utterly stupid. nowadays almost all of the old crew left. I believe most blew up or were largely unprofitable and don't want anything to do with fx. has the novelty factor of fx wore off where every one says been there and I have the t-shirt? the real question is that after 5years of fx trading will u regret of even hearing the word "fx trading"?

Lying is probably one of the most common wrong acts that we carry out (one researcher has said 'lying is an unavoidable part of human nature'), so it's worth spending time thinking about it. Most people would say that lying is always wrong, except when there's a good reason for it - which means that it's not always wrong! But even people who think lying is always wrong have a problem... Consider the case where telling a lie would mean that 10 other lies would not be told. If 10 lies are worse than 1 lie then it would seem to be a good thing to tell the first lie, but if lying is always wrong then it's wrong to tell the first lie... . What is a lie? Lying is a form of deception, but not all forms of deception are lies.

OK all you amateur psychologists, here is a question for you to ponder. "Why do people engage in self destructive behaviors?" What makes someone do something they KNOW is destructive to them. Addiction is the first thing that comes to mind. Alcoholism, drug addiction, smoking. Why do individuals engage in these behaviors when it is proven that there are severe negative consequences to their health? Before you argue that addiction is physical, think again. Not all addictions are physical. How about those who purposely eat too much or to little. Or those that cheat on their spouses, or those who gamble? Now before you start to click the delete button on this subject, think for a minute, this has a direct effect on your trading. What causes you to break you discipline when you KNOW it will not turn out well? What is it inside of us that says, "...well maybe THIS time it will work...I don't do it all the time." It is the same justification I hear being used in other self destructive behaviors. "This one cigarette won't cause cancer." "I won't get diabetes from this super size." "I just drink when I'm out with friends." "I know this trade isn't according to my strategy, but I think it will work out this time." I am as guilty as anyone of the above statements (accept smoking). But what happens inside the human mind when this occurs? What is it inside of each of us that causes this? I ask this because I think that for me, (and I'm willing to bet, most of us), that discipline is a significant key to success in trading, and life for that matter. Understanding and correcting this seemingly small flaw could go a long way to improving just about everything life throws at us. Is there some bio-chemical reaction that occurs at the synapse level that causes this kind of thinking? Is it just a human propensity to "sin" and therefore self destruct? Are there "treatments" for improving or preventing these types of behaviors? Or are we just victims of our own biology...those that have better discipline are born with it. Any thoughts? Please keep comments constructive. Lets turn our analysis inward for a while and see what happens. Lets apply the same process we use in markets to analyze and evaluate ourselves...I think THIS is the area where this type of process will produce higher results. Anyone?

I'm sorry. Topic too Gay coming from a mouse in tights.

So, who really controls The United States? You can't just say Money. So maybe the question should be, Who controls the Money in The United States? Who controls the Money in Europe?

Are you awake to: You know there's no meaningful difference between major political parties You understand that the Federal Reserve, or international central banking more broadly, is the engine of our economic problems. You know that preemptive war is never necessary You know that the mainstream media is wholly owned and manipulated by the ruling elite The power to change the world rests with you and you alone: For too long people have believed themselves to be weak, or relied on others to change the world for them. You'll know that you're fully awake when you realize that you have infinite power to change the world by simply living the change you want to see. First, you have to identify the principles that you believe in and then go out and live by them. If just a small minority took steps to do this, it would shake the establishment to its core. The majority of what we believe and even who we think we are is a result of social conditioning. It comes in the form of identity labels and world views, from our parents, society and the culture we live in. It is important to release the social beliefs we accept as truth and begin to access truth independently. When we do so, we overcome these limitations and operate from the position of an observer. Is your Government... I mean, Corporation listed here? http://www.sec.gov/cgi-bin/browse-ed...ion=getcompany Edit: I know that discussions on things like religion and politics can cause tensions. I think its fine to discuss these sort of things. I think free speech is paramount. That said I encourage you to keep name calling out of it and show respect for others views. I won't try to stop you from saying what ever you want just think it through before you post it. Thank you in advance!

How much time do you spend a day or week analyzing your charts?

There's a small group of members on this site that seem to enjoy nothing more than bashing vendors.