HARDMAN_GAZ

To the OP, Good thread, classic information. I read your thread with a sense of relief, not everyone has sold their soul to the devil and spot forex(spit).

So let me get this right, all of your opinion is based on charts only, you've never been involved in the markets in any other way?

I would hazard a guess that your decision is based on chart information only, would i be correct? I can't really go into detail without knowing what your answer is.

No x 2. How about YOU put some effort in. Besides, if you didn't understand my previous post then you need time, learning and maybe mentoring.

Looking at a 1hr candle chart that covers 120hrs of price movements is how most come to the 'random conclusion'..."Yeah it's random". But, the chart action is just a trail, it's a track. Do you make trails and tracks throughout your day? Of course you do. Is your day just aimlessly meaningless and random? You don't have to answer this. Behind the apparently random daily tracks of everyone or anyone there lies a story, a job, a meaning. It all only becomes non-random once you know and see a little more than just the tracks on a map.

After the first half hour on the ES, market conditions are usually always the same.

The markets are a series of squeezes on liquidity at different levels/prices, that's about it. Probably easier to learn how to spot a squeeze than to guess the colour of the next spin.

In session pullbacks, you're gonna need volume data, bid/ask quantities. On top of that, some chart basics SR and PA. You need to have a rough idea of the amount of contracts traded each day on you're chosen market, and the amount of contracts traded it normally takes to turn your market. On top of this you can view level 2, or the ladder. Don't bother with mainstream TA, it doesn't matter how many indicators you use, it only ever equates to 50:50 (coin toss).

Casinos are profitable because 99.9% of the punters in the casinos are in there for entertainment reasons. If a serious punter is detected they are generally told to enjoy the rest of the night, but don't come back. Having the right to refuse entry into the casino is one hell of an edge.

To most, spot forex is gambling heaven and most people who gamble are really bad at it. Gambling is also very addictive and people wanna gamble for the buzz no matter what. Spot forex is cheap, a person can gamble away all day using different indicators, different markets. So when the daily soduko is done and the crossword is all messed up, it's time to spice things up with a bit of eurdol action. GAZ H.