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Obsidian
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Everything posted by Obsidian
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Luck- is It a Supportive Factor to Everyday Trading?
Obsidian replied to Jack Francisco's topic in Beginners Forum
chances of making 10 mistakes to blow your account and making 10 profitable trades to double your account are equal in theory...but you see more losers than winners -
Summary of open orders and positions:
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Now new traders got more tools to learn...I am not talking about indicators-books-web sites only... I think analyzing your traders help you to understand yourself...Checking statistical facts on your trades definitely would help you... the pairs you trade..the pair that you are more successful...trading durations..average of winning and loser trades...getting all these type of info is so easy now...so use it
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when you inspect-learn trading strategies, study their behavior as well... moving average crossover for example would generate too many false signals when the market is flat, so you may want to integrate it with ATR (average true range) or a similar indicator... if you master the tools you are using, you will pick the right ones when you need...
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prices are just numbers, follow the trend..you will often see that yesterday's high is today's low (or yesterday's low is today's high)
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it is ironic that just a couple of days before the Spain called for help, Draghi was saying that the market should be confident about the eurozone... maybe I am blind and can't see but I think many EU governments are inefficient and ineffective... In addition, austerity measures alone will not get Greece back on its feet..or Portugal, Ireland or Spain...
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Off Topic and Moderation
Obsidian replied to MadMarketScientist's topic in Announcements and Support
Hi Scott, I see this was your first post. I think you should let "teachers" know that they are not alone in the classroom. If you (everyone) participate more, you will get more...imvho... -
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noone blames politicians or economists because their main duty is to lie...do you really believe someone would spend six digit $$ just to serve their country :rofl: I personally believe who lend Greece a cent more is crazy but the market does not care what I think...hope is our strength and weakness...
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Off Topic and Moderation
Obsidian replied to MadMarketScientist's topic in Announcements and Support
that is absolutely right... dont let a bunch of 1010100010011110001 play with your health;) -
simply...nothing... do they produce anything? I do not think they are exporting olive 10 years ago I would buy Spanish olive...still the same... Some weeks ago I had read an article saying Greek products has to be 30% cheaper in order to be on a par with Turkey...that is a huge number...
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Summary of open orders and positions:
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this week's theme is "buy eur...it could have been worse...and dont worry Germany can bail everyone out!" :rofl:
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bulls and bears are hammering each other... till it makes a close above 1627, selling might be a better idea...
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of course there are exceptions but think about how long it takes to learn a profession...
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here it is :
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Off Topic and Moderation
Obsidian replied to MadMarketScientist's topic in Announcements and Support
current moderation is pretty fine -
This correlation subject is a bit tricky imo...when it comes to determine which one is driving the other one...
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Speculators' Bet On EUR's Fall Getting Bigger And Bigger: eFXnews : Speculators' Bet On EUR's Fall Getting Bigger And Bigger
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2 year & 10 year treasury notes:
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Weekly charts: EUR-GBP-CHF-CAD-JPY-Gold-Silver:
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Introduce Yourself Here - Don't Be Shy!!
Obsidian replied to trading4life's topic in Beginners Forum
Hi and welcome to the TL community...There are bunch of people posting in the fx section, come and participate -
US Trade................
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that is right of course...doing the things on an extreme level may not be right though