Old, but Gold :) The engineer is supposed to explain why it rumbles in the railway. Of course he is strictly logical. First, he looks at the locomotive. The noise doesn't come from there, so the locomotive can be neglected. In each car it rumbles the same, so the problem can be limited to one. The p...

Yesterday I participated in a webinar with Norman Welz, a German trader and trader psychologist for many years. His clients are retail traders with 2.000€ up to financial Institutions with more than 200 million €. He said that everybody has to work out his own unique trading plan. It can't work when...

Divergence is miles from holy grail, especially because it lags even more than normal indicators. Also it is extremely unreliable if not used on very high TF (4H min). You can say every single indicator or approach is miles away from holy grail. Use divergences/convergences as leading indicators am...

I understand, but to me as a scalper, any signal coming from divergence is either too late (you wait for confirmation) or just 50:50 risk (it works out or it won't). The time problem isn't so important on high TFs. Do you mean 50:50 risk/reward or that your divergences have an hit rate of 50%. It a...

Very interesting way to say an FX trader to get a life, FS


PS: The first and last time I got this ad. Very mysterious.

Please read first my post before commenting things like "It's no HG at all!!!11" or other stupid one-liner. Who can read and calculate is clearly at an advantage. THX FX is a numbers game: Risk/Reward, expectations in %, prices and values, round numbers and Pivots as Sup/Res just to call ...

Looks familiar

I noticed if people didn't already work with Fibo it could be irritating and for you I recommend an introduction video of Fibo retracements. https://www.youtube.com/watch?v=QwJ-i5xJz8s Thanks Sal. Play a little bit and get familiar with Fibo levels. The 0.618 retracement is very often taken. Now you...

This file I talked about is free. It's from FF.

There are other approaches to see in what market phase we are. Elliot Waves are one. After an correction follows an impulse. Yes, it's very complex but some simple rules helps to understand, NTL. The daily Market Profile identifies the value of a pair. It is represented in an area around the POC, th...