dmedin

Short: Stop above 18500 and a target of 14500

Now it is starting to sink back down nicely, presume this is because of the price of crude oil.

Well, you need to be familiar with CFDs before you start using them.

Yes, the last crash was what David Harvey described as a wave of accumulation by dispossession, where wealth is taken away from working-class and minorities and given back to the wealthy. There was a wave of house repossessions and job losses in the states that disproportionately affected blacks, single mothers etc. Idle capacity and idle workers standing side-by-side doing absolutely nothing until the 'financial wizards' could agree on a new dispensation (lots of free money for the City and the Street).

You've got a clear sell signal here (downward sloping MAs, engulfing candle stick), you'd put a stop just above 7355 and let it run.

I'm not sure why you are entering and exiting trades so often. (Disclaimer: BENEFIT OF HINDSIGHT)

😆

He seems to be following the time-honoured tradition which is to write books/perform paid speaking/provide training, which seems to be what a lot of people do just as soon as they get half a chance. Reminds me of economics professors, who get paid to spout off a lot of nonsense to incredulous students.

As far as trading as often as possible, all brokers want that - even 'respectable' ones that only deal in buying and selling of 'respectable' shares. I suppose they want us to be unprofitable because our money serves them better when it's in their account rather than ours, even if it means we can't trade with them any more.

^ I don't know why the EWT dude who writes for Reuters uses candle sticks, he might as well be using lines. His entire analysis seems to be predetermined by EWT-based expectations.

TECH/C https://tmsnrt.rs/2mig5ps (Reporting by Wang Tao; Editing by Sherry Jacob-Phillips) ((wang.tao@thomsonreuters.com; +65 6870 3836; Reuters Messaging: wang.tao.thomsonreuters.com@reuters.net)

Got a nice 50% retrace and now it's headed back south 😺

lol

Turkish interest? lol!

They could have left their spare cash in a 2% savings account or even in an S&P ETF or managed fund and made some money, and in the meantime used their spare time to learn a skill that gives them a good chance of finding a better job. After one year I feel like most of what I tried to learn is more confusing than enlightening and I have to start again from the beginning. Is it worth 'blowing it' for several more years, or putting the money by and learning something with a much better chance of paying off? (Such as learning a programming language...) I f**king hate office culture and modern work but I'm not talented or lucky enough to escape from it.

Gold bounced off 1485 Fib and looks like it might make an attempt to 1585.

I used to take piano lessons. With enough practice, one can play beautiful pieces of music. One grows personally, being exposed to wonderful music and developing the discipline to read sheet music. Trading? One loses a lot of money and has nothing to show for it ... while some guy in a pin stripe suit at the City gets another £500,000 bonus this quarter for reaming the pond life ****.

@nit2wynit The Web Platform seems to perform a bit better when the volume indicator is turned off ... just a bit though

Ha, nobody will do this - no on can be 'consistently profitable' just by using charts and TA. The odds are not even as good as 50/50. It's incredible ... The one and only way to avoid losing money is to not trade.

Another week of hopeless trading ... my balance is getting smaller and smaller. This TA stuff just doesn't seem to work on a reliable or consistent basis.

I would love to see anyone prove they were consistently profitable from trading over 12 months. Such evidence is hard to come by.

The average FX trader loses $13,000. 😮 Tired of risking your own money? Use ours https://info.topstepfx.com/forex-factory-trade-forex-with-our-money

So oil is going up and down and up and down. How does one actually trade it and make any money? 😕

The problem is that simply picking a strategy isn't going to stop you losing money. It just helps you to lose less money. The studies are out - 97% of people fail miserably. WTF are we doing?!

What's the difference between spread betting and a 2% savings account? The savings account makes you money, spread betting loses you thousands.