General Trading Discussion Digest for Thursday December 7, 2017

2 new threads and 9 replies from 5 authors in the "General Trading Discussion" community ... Hi GUYS/GALS I am totally new and while i wait to pay for my Forex inception course which James is giving away practically free-my credit card... [Complete Currency Trader]() [General Trading Discussion]( [Post New Message](mailto:COMPLETECURRENCYTRADER-generaltradingdiscussion@ConnectedCommunity.org) [] Dec 7, 2017 started 3 hours ago, [Pradeep -]( (0 replies) [Tips on how to use CSI]( [external link to thread view]( 1. [Hi GUYS/GALS I am totally new and while i wait...](#m0) Pradeep - started 12 hours ago, [Sandile Simelane]( (1 reply) [Good afternoon]( [external link to thread view]( 2. [Hi James, Do you have any strategy or advice on...](#m1) Sandile Simelane 3. [Sandile, look in the Blog section and you will...](#m2) Maryna MURRAY started 17 days ago, [Javon Gonzales]( (4 replies) [Introduction]( [external link to thread view]( 4. [HI I too am new here about a day old and...](#m3) Pradeep - 5. [all systems work But Trading is not only hard...](#m4) Pradeep - started 2 months ago, [Afaque Mirza]( (2 replies) [Forex Market Hours desktop clock]( [external link to thread view]( 6. [Thanks for posting / sharing ! what does this...](#m5) Pradeep - 7. [Hi, It shows the duration of the 3 sesions ...](#m6) Momo - started 2 months ago, [AGGREY Moletsane]( (1 reply) [COURSE]( [external link to thread view]( 8. [since i am planning to try and find money to...](#m7) Pradeep - started 2 months ago, [Ted Davis]( (4 replies) [Stanford University Study - Trading Class Today]( [external link to thread view]( 9. [Interesting the legendary trader JOE ROSS...](#m8) Pradeep - started 2 months ago, [Michael King]( (19 replies) [Predictive or Indicative?]( [external link to thread view]( 10. [Dear James Perhaps i should first point out...](#m9) Pradeep - started 5 months ago, [James Edward]( (29 replies) [Ask James Anything]( [external link to thread view]( 11. [Hello Fellow Traders. On the issue of S/R, I...](#m10) Last Mashonganyika [] [top](#toca) [next](#m1) 1. [Tips on how to use CSI]( [Reply to Group](mailto:COMPLETECURRENCYTRADER_generaltradingdiscussion_1941a8da-c2a8-4ef4-a6b9-4bd5f29463c5@ConnectedCommunity.org?subject=Re: Tips on how to use CSI) [Reply to Sender]( [Pradeep -]( Dec 7, 2017 8:57 PM [Pradeep -]( Hi GUYS/GALS I am totally new and while i wait to pay for my Forex inception course which James is giving away practically free-my credit card credit limit-unfortunately-is at upper limit,from buying other lesser courses - i am looking for kind traders who will give me some basic tips on how to use CSI. ------------------------------ Pradeep Venkat Rao pradeepgolfer@yahoo.com secunderabad India +9187872053 age 60 years....30 years experience in Trading Research [meaning losing money for 30 years] ------------------------------ [Reply to Group Online]( [View Thread]( [Recommend]( [Forward]( [] [top](#toca) [previous](#m0) [next](#m2) 2. [Good afternoon]( [Reply to Group](mailto:COMPLETECURRENCYTRADER_generaltradingdiscussion_90e05768-99d4-4ea4-a60a-6a14d9fb58f5@ConnectedCommunity.org?subject=Re: Good afternoon) [Reply to Sender]( [Sandile Simelane]( Dec 7, 2017 11:17 AM [Sandile Simelane]( Hi James, Do you have any strategy or advice on trading news. Sandile Simelane +27835413067 [Reply to Group Online]( [View Thread]( [Recommend]( [Forward]( [] [top](#toca) [previous](#m1) [next](#m3) 3. [Re: Good afternoon]( [Reply to Group](mailto:COMPLETECURRENCYTRADER_generaltradingdiscussion_5ee0aac2-dda3-4726-b2d0-5941be66d896@ConnectedCommunity.org?subject=Re: Good afternoon) [Reply to Sender]( [Maryna MURRAY]( Dec 7, 2017 1:05 PM [Maryna MURRAY]( Sandile, look in the Blog section and you will see Brian explain the "news" strategy. ------------------------------ Maryna MURRAY ------------------------------ [Reply to Group Online]( [View Thread]( [Recommend]( [Forward]( ------------------------------------------- Original Message: Sent: 12-07-2017 11:17 From: Sandile Simelane Subject: Good afternoon Hi James, Do you have any strategy or advice on trading news. Sandile Simelane +27835413067 [] [top](#toca) [previous](#m2) [next](#m4) 4. [Re: Introduction]( [Reply to Group](mailto:COMPLETECURRENCYTRADER_generaltradingdiscussion_aba91cfd-92e4-4cb9-9411-671e2ed86102@ConnectedCommunity.org?subject=Re: Introduction) [Reply to Sender]( [Pradeep -]( Dec 7, 2017 9:17 PM [Pradeep -]( HI I too am new here about a day old and already a lot wiser. Wish i found this 10 years ago. I have been researching forex for ten years-which means i have been losing money for ten years. I have been trading since 1994 studied and tried everything from Elliot, Gann, Price action-Al Brooks - Oliver Valez ,Demark, Fibanacci, Pring,Toni Hansen,Linda Raschke ...among others.......... so i am no newbie. James, judging from his body language, appears to be very different......and, as he himself asserts, very expensive. But judging from the CSI which he so generously gives away [free] i think, if you pay [through your nose] he offers the most value. that is my opinion and i am willing to put my money where my mouth is.  i am eager to meet and interact with other traders but i should point out that, though i have a lot of knowledge, that itself seems to act as deterrent to me making money: the markets always gives conflicting signals or more likely i seem to find conflicting signals and so am not confident at all ------------------------------ Pradeep Venkat Rao pradeepgolfer@yahoo.com secunderabad India +917287870253 age 60 years....30 years experience in Trading Research [meaning losing money for 30 years] ------------------------------ [Reply to Group Online]( [View Thread]( [Recommend]( [Forward]( ------------------------------------------- Original Message: Sent: 11-20-2017 13:16 From: Javon Gonzales Subject: Introduction Hi,I'm call Javon Gonzales, I've been studying and trading the Forex market for over 3 years now. I've had a tough Journey and hopefully I've come across a community and a system that works. ------------------------------ Javon Gonzales ------------------------------ [] [top](#toca) [previous](#m3) [next](#m5) 5. [Re: Introduction]( [Reply to Group](mailto:COMPLETECURRENCYTRADER_generaltradingdiscussion_e400a293-ae46-40b2-8232-ea69300e823a@ConnectedCommunity.org?subject=Re: Introduction) [Reply to Sender]( [Pradeep -]( Dec 7, 2017 9:30 PM [Pradeep -]( all systems work But Trading is not only hard it is boring: you must concentrate on risk management which is not exciting. You must be able to make 10 losing trades in a row and still be enthusiastic enough to take the next trade. And the main thing in the words of Livermore:"The market does not beat them. They beat themselves, because though they have brains they cannot sit tight." If you are getting excited about a trade you can be certain that trade is not right Do not listen to me because i am right but listen to me because i enough experience of being wrong. i have never been able to make a system work..... ------------------------------ Pradeep Venkat Rao pradeepgolfer@yahoo.com secunderabad India +917287870253 age 60 years....30 years experience in Trading Research [meaning losing money for 30 years] ------------------------------ [Reply to Group Online]( [View Thread]( [Recommend]( [Forward]( ------------------------------------------- Original Message: Sent: 11-20-2017 13:16 From: Javon Gonzales Subject: Introduction Hi,I'm call Javon Gonzales, I've been studying and trading the Forex market for over 3 years now. I've had a tough Journey and hopefully I've come across a community and a system that works. ------------------------------ Javon Gonzales ------------------------------ [] [top](#toca) [previous](#m4) [next](#m6) 6. [Re: Forex Market Hours desktop clock]( [Reply to Group](mailto:COMPLETECURRENCYTRADER_generaltradingdiscussion_56049479-2538-4610-b2ff-675b43ebcaed@ConnectedCommunity.org?subject=Re: Forex Market Hours desktop clock) [Reply to Sender]( [Pradeep -]( Dec 7, 2017 9:52 PM [Pradeep -]( Thanks for posting / sharing ! what does this do? forex is 24 hours so what information does this provide? ------------------------------ Pradeep Venkat Rao pradeepgolfer@yahoo.com secunderabad India +917287870253 age 60 years....30 years experience in Trading Research [meaning losing money for 30 years] ------------------------------ [Reply to Group Online]( [View Thread]( [Recommend]( [Forward]( ------------------------------------------- Original Message: Sent: 10-02-2017 10:01 From: Afaque Mirza Subject: Forex Market Hours desktop clock [www.forexmarkethours.com/...]( ------------------------------ [Alam] [Mirza] [Engineer] [Banker] [Horizon Metals] [Sydney] [NSW] [alwaz1@bigpond.net.au] ------------------------------ [] [top](#toca) [previous](#m5) [next](#m7) 7. [Re: Forex Market Hours desktop clock]( [Reply to Group](mailto:COMPLETECURRENCYTRADER_generaltradingdiscussion_9bbf3669-7295-466a-9774-2b2f1fa8b47a@ConnectedCommunity.org?subject=Re: Forex Market Hours desktop clock) [Reply to Sender]( [Momo -]( Dec 7, 2017 10:13 PM [Momo -]( Hi, It shows the duration of the 3 sesions (asia, London, and NY) around 24 hours. ------------------------------ Momo - ------------------------------ [Reply to Group Online]( [View Thread]( [Recommend]( [Forward]( ------------------------------------------- Original Message: Sent: 12-07-2017 21:51 From: Pradeep - Subject: Forex Market Hours desktop clock Thanks for posting / sharing ! what does this do? forex is 24 hours so what information does this provide? ------------------------------ Pradeep Venkat Rao pradeepgolfer@yahoo.com secunderabad India +917287870253 age 60 years....30 years experience in Trading Research [meaning losing money for 30 years] ------------------------------ Original Message: Sent: 10-02-2017 10:01 From: Afaque Mirza Subject: Forex Market Hours desktop clock [www.forexmarkethours.com/...]( ------------------------------ [Alam] [Mirza] [Engineer] [Banker] [Horizon Metals] [Sydney] [NSW] [alwaz1@bigpond.net.au] ------------------------------ [] [top](#toca) [previous](#m6) [next](#m8) 8. [Re: COURSE]( [Reply to Group](mailto:COMPLETECURRENCYTRADER_generaltradingdiscussion_3384347b-424b-449f-874c-a3a7e424fddb@ConnectedCommunity.org?subject=Re: COURSE) [Reply to Sender]( [Pradeep -]( Dec 7, 2017 9:43 PM [Pradeep -]( since i am planning to try and find money to fund the courses i find that very encouraging ------------------------------ Pradeep Venkat Rao pradeepgolfer@yahoo.com secunderabad India +9187870253 age 60 years....30 years experience in Trading Research [meaning losing money for 30 years] ------------------------------ [Reply to Group Online]( [View Thread]( [Recommend]( [Forward]( ------------------------------------------- Original Message: Sent: 09-28-2017 07:39 From: AGGREY Moletsane Subject: COURSE Hello to you all, I am on my going for my 3rd lesson and already i feel like a millionaire, i thank God im here. ------------------------------ AGGREY MOLETSANE MAHALAPYE BOTSWANA +26771303459 ------------------------------ [] [top](#toca) [previous](#m7) [next](#m9) 9. [Re: Stanford University Study - Trading Class Today]( [Reply to Group](mailto:COMPLETECURRENCYTRADER_generaltradingdiscussion_54b5836a-d3b4-4f2e-885f-1bfbbb061e61@ConnectedCommunity.org?subject=Re: Stanford University Study - Trading Class Today) [Reply to Sender]( [Pradeep -]( Dec 7, 2017 10:13 PM [Pradeep -]( Interesting the legendary trader JOE ROSS said that market's job is to 'execute orders'. So if there are no transactions, taking place it will move in a direction, which will facilitate this. I was under the impression that, if this was the case, the market should move to where the orders are. The study, which you have attached, indicates it will move away from the larger no of orders....... ------------------------------ Pradeep Venkat Rao pradeepgolfer@yahoo.com secunderabad India +917287870253 age 60 years....30 years experience in Trading Research [meaning losing money for 30 years] ------------------------------ [Reply to Group Online]( [View Thread]( [Recommend]( [Forward]( ------------------------------------------- Original Message: Sent: 09-26-2017 02:46 From: James Edward Subject: Stanford University Study - Trading Class Today Ted, and all, I've attached the Stanford University report on intraday price movement prediction in FX. (I don't know where the attachment will appear, so please check the top of my post and also the bottom - it's here somewhere). We know that price is more likely to move in the direction of least liquidity, and these researchers set out to discover if price movement could be predicted if the depth of market either side of the best bid/ask was observed for imbalances. They proved it could be, with as much as 81% accuracy. Let me give you some points to keep in mind when reading this report: First and foremost, they proved price direction can be predicted over very short periods. This totally contradicts what everyone "knows" that small time frames are just noise. Try finding any similar study on higher time frames! The reason they were able to prove this and make accurate predictions is because they looked at facts of market micro-mechanics, not hocus pocus . They know why and how prices move, and used that information to find an edge. Everything in this report is explained in detail in the CCT home study course if you'd like a more in-depth explanation of what is going on behind the scenes, and is exactly what our trading has been based on for over a decade. The predictions in this report were working in seconds. Their 81% accuracy was looking at the next 1 second. The prediction dropped to 64% at 2 seconds, and 57% at 3 seconds. You may look at that and wonder what good it is. Please bear in mind this is a scientific study where accuracy and certainty is essential. They chose a set of conditions to study and did not expand past them. What I mean by that is they looked only at liquidity supply imbalances and nothing else. This is amazing and far better results than I would have imagined. Just an imbalance of liquidity supply influenced future price movement between 57% and 81% predictability. But they did not consider the other side of the equation which is demand.... An imbalance of liquidity supply is enough to predict price movement. The reason for this is because, all else being equal, the price is more likely to move in the direction of least liquidity (as I'm sure you're sick of hearing me say). But when all else is not equal, the price will move even further for longer. So if liquidity is less on the ASK and greater on the BID, the price is up to 81% more likely to move up in the next 1 second and 57% in the next 3 seconds. But if a buy order is executed that is significantly bigger than a sell order that is executed, there is also an imbalance in demand that exaggerates the imbalance in supply. Although this particular study did not look at that variable, it is a fact that we can be certain of, and can sensibly conclude that the price will then be even more predictable in it's direction and duration. This is observable in the market via momentum! This report is a good read and hopefully it helps reinforce what we've been teaching over the years. If anyone has questions, let us know in here. ------------------------------ James Edward London ------------------------------ Original Message: Sent: 09-25-2017 23:17 From: Ted Davis Subject: Stanford University Study - Trading Class Today James, Today, in the live trading class with Brian Stickney, in response to my question, you indicated that you were going to provide the link to the Stanford University study on short-term divergence. I would like to read over this material.  Please let me know when the link can be posted. ------------------------------ Ted Davis Salt Lake City, Utah USA ------------------------------ [] [top](#toca) [previous](#m8) [next](#m10) 10. [Re: Predictive or Indicative?]( [Reply to Group](mailto:COMPLETECURRENCYTRADER_generaltradingdiscussion_9a8ef138-17c9-47f8-b5b0-4e6c9e95420c@ConnectedCommunity.org?subject=Re: Predictive or Indicative) [Reply to Sender]( [Pradeep -]( Dec 7, 2017 11:11 PM [Pradeep -]( Dear James Perhaps i should first point out that I started researching markets in 1994: i have spent probably all of my hours doing this. The advent of internet made information freely available and at a negligible cost so even a commoner like could freely indulge in this passion. This has cost me perhaps more than six figures usd: this is my losses from leveraged trading In this journey i have come across many established Traders, some alive some long dead: Elliot, Gann, Livermore, Pring, Bollinger, Rashke,Hansen,Demark, Valez, Al brooks,..and many others i have forgotten You, James, are unlike anyone I have come across in the 30 years of my obsession with markets.That is more than an observation that is fact . This discussion is highly interesting but it is also a dangerous one,as you have mildly tried to impress upon us. it is dangerous because it may divert our attention from doing the right thing;  which is as you so succinctly put it: "Yes there's a reason trend trading has stood the test of time and been incredibly profitable in every market; it doesn't try to predict anything, it merely follows the price. Buy when the price goes up and sell when the price goes down. It works!" I have been using the CSI for 24 hours now and have made many trades. It has freed me from any analysis.!!!! I enter confidently and without any self doubt : BUY STRENGTH AND SELL WEAKNESS. BY GOD I LOVE FOREX BECAUSE I CAN DO BOTH OF THOSE THINGS IN THE SAME TRADE!!!!!!!!!!! A lot of people might have noticed what you have pointed out about the market professionals: It's not just the retail forex industry that's based on myths. It's all trading, even up to the highest level. Traders, both professional and amateur, perform worse than random. As a group, including hedge funds, we'd all get better results relying on coin flips. We do worse than random because of the decisions we make...we actively do the wrong thing, nearly all the time. By God you are different!  am loving it [apologies to Macdonald] ------------------------------ Pradeep Venkat Rao pradeepgolfer@yahoo.com secunderabad India +917287870253 age 60 years....30 years experience in Trading Research [meaning losing money for 30 years] ------------------------------ [Reply to Group Online]( [View Thread]( [Recommend]( [Forward]( ------------------------------------------- Original Message: Sent: 09-21-2017 05:48 From: James Edward Subject: Predictive or Indicative? Great questions and discussion Michael. I think there can be confusion about semantics. Are certain conditions/patterns predictive or indicative? For me personally, I try to avoid talking about prediction because to most amateur traders, prediction often means certainty. They mistake the idea of being able to predict something with 60% probability as meaning it is certain to happen. Look at the Trump election... Experts were suggesting Trump had only a 30% chance of wining and 70% chance of failing. Most people took that to mean he had no chance of winning and that the experts got it wrong. No they didn't, they got it right. The prediction was probabilistic not certain. So that's why I avoid the term as much as I can. Indicative for me makes much more sense and I think helps more people accept what is really happening. Now are some indicators predictive/indicative in a probabilistic way? Yes. However, most people are not using indicators of any value, and those who are achieving success with an indicator, may be (usually are) attributing their success incorrectly to the indicator and ignoring the other factors. I'll use your example of divergence. You said it works 70% of the time and only has a couple of other minor factors involved. But is it actually the combination of all factors that really provide the edge, rather than the divergence itself? My style for example relies on strength v weakness. Is that my edge? No. I also rely on momentum. Is that my edge? No. I also rely on liquidity. Is that my edge? No I also rely on Volume. Is that my edge? No. Strength v weakness is perhaps 90% of where my edge lays and that is my "big" thing, but it is only when ALL the factors come together and are aligned, that I have a reliable edge. And actually, as I will post further down this, the real edge behind all of it, actually comes down to liquidity imbalance. Strength and weakness is the best indicator or where the liquidity imbalance is, and so I rely on strength and weakness more than anything else as my primary indicator, but the true edge that triggers everything is liquidity imbalance at the depth of market. Now to support and resistance. In forex, it is a myth. Completely and utterly in all forms. This, and everything else has to come down to what is actually going on in the market at a mechanical level. Forget charts. Charts display price changes. They say nothing about how the market works, or why a price changed, how, who changed it, or why. If anything is predictive or indicative, or has any meaning, it has to be relevant to the market mechanics. So what is support or resistance? I mean what is happening in the market...not what does it look like on a chart. What orders have to exist for support or resistance to exist and who has placed those orders and why? You should ask the same question for everything you see in the market. I'm going to copy some text taken from a video I put out this week as part of the cybernetics course. Hopefully this will put some of this in to perspective: Fundamentally, all markets are the same. There's a product, and there are people buying and selling that product. However, despite that fundamental sameness, every market is different. They each have their own rules, characteristics, etiquette's, and structures. Different people participate in each market, and people have very different reasons for participating in each market. A farmer's livestock market and Southeby's are both auction market places, but they are very different in the way they operate and why they exist. In trading, most people confuse markets with charts. But a chart just shows you changes to the price of the underlying product. That's all. It tells you absolutely nothing about why the price changed, or who caused it to change, or whether it is likely to change again in the future. My wife went to a livestock market last year with a farmer neighbour of ours, and she nearly bought a cow by mistake. She rubbed her nose without realising at that market, that was a gesture to signal a bid. When the auctioneer pointed to her to confirm her bid, she panicked and raised her hand to say that she wasn't participating, and that was considered a gesture to increase the bid increment by a factor of 5. Her friend had to quickly tell her to stand perfectly still and not do another thing. The friend on the other hand, was an expert. They bid on certain cattle and not others tactically depending on who else was trying to buy, how many people were competing, what time of day it was and how many cattle were left, who was selling and how much had already been sold, and so on. Our friend understood the market dynamics and operated like a pro. The same thing happens in financial markets, and most traders are totally clueless. They don't even realise what mistakes they're making, because they have no idea about the unique and intricate mechanics of the particular market they're involved in. A system is basically a framework that gives you a methodical strategy for tactically participating in the market. Let's just call it a set of rules or instructions for how to behave. For a system to be of any use, it has to be relevant to the market. If my wife's friend wrote down a set of instructions on how to buy a cow at the local cattle market, and I tried to use that to buy a Ming vase at Sotheby's auction house in Manhattan, it's not going to work. If a highly successful and famous trader has developed a system (a set of rules or instructions) to help him tactically participate in the pork bellies futures market, that has got absolutely no relevance to the spot forex market. None at all. The same as a system designed for use in the Dow Jones has no relevance to the copper market. The charts from all those markets will look the same because all charts display price changes; but why the price changed and how, will be different from one market to the next depending on why that market exists and who's participating in it and what their objectives are. And don't forget Apophenia and memory recall. We see patterns where none exist and give meaning to meaningless data. All humans do this. And then to reinforce how things "appear" we remember all the times it worked as we expect and forget all the times it didn't. If anything is predictive/indicative, it has to be relevant to the market mechanics and be nothing to do with a chart. What orders are in the market and why or how can those orders influence the future? In an auction market like forex, liquidity imbalances can predict the future price movement with up to 80% accuracy over a distance of 10 pips or so, or a time frame 7 to 10 seconds. Stanford university proved this. That's all down to market mechanics. No one has ever proved anything like that with patterns on a chart....because charts are not markets. I'm in danger of sounding confrontational.... I'm just rushing to get you a reply and add to the discussion before I head out in the next 10 minutes. Please come back to me with more questions, or challenge me on anything you disagree with or don't understand my point on. You've brought up a really valuable topic here. ------------------------------ James Edward London ------------------------------ Original Message: Sent: 09-21-2017 05:00 From: Michael King Subject: Predictive or Indicative? I have been a little bemused by some of James' recent clarifications: Studies have shown that popular tools are not predictive. They may have value but they are not predictive. Would it be true to say that such tools and indicators may 'indicate'  where price is more likely to go but technically they are not predictive by definition? Perhaps I can give an example - Although I don't believe Divergence was alluded to, I will hazard a guess and assume 'studies' have proven that Divergence is not predictive. I trade a strategy however, that relies heavily on Divergence and is 70% successful, and in the 30% of cases where price completely ignores the Divergence, the next instance of Divergence is invariably successful. There are one or two other factors involved in the strategy but Divergence is the main factor. Many traders have been trading this system with very similar results over many years. I don't know if any studies have been conducted on Divergence or what the criteria of the analysis would be. But if you back tested  every instance of Divergence it is very likely that the results would indicate that Divergence alone is of no practical use at all in predicting direction. Would the Study however, take into account that you need to wait for a break of trendline after Divergence, in which case  there is a very high probability that price will move in the direction of  that break. I would consider that to be predictive but perhaps I should use the word 'indicative'? James did definitely refer to Support and Resistance as being non predictive and that really caught my attention. But he didn't say they were insignificant The usual belief which may be considered a 'myth' is that 'Support becomes Resistance' and vice versa. I have found this to be true more often than not and  whenever I have traded into nearby major support or resistance it has not usually worked out well. So would I be right in thinking that even if not predictive, major levels of support and resistance are highly significant and are best not ignored? or do studies show that they can be ignored with impunity? Sorry if I appear somewhat obtuse on this.  I would just appreciate a little clarification and am certainly not courting controversy. ------------------------------ Michael King ------------------------------ [] [top](#toca) [previous](#m9) 11. [Re: Ask James Anything]( [Reply to Group](mailto:COMPLETECURRENCYTRADER_generaltradingdiscussion_46a5e026-593b-4525-88b2-85e6bf0b2d0e@ConnectedCommunity.org?subject=Re: Ask James Anything) [Reply to Sender]( [Last Mashonganyika]( Dec 7, 2017 2:04 AM [Last Mashonganyika]( Hello Fellow Traders. On the issue of S/R, I just want to put across some ideas. To categorically say they do not exist would be misleading. Yes the Forex Market is quite different from all other financial markets yet it still follows the basics of trading where people buy and sell. Now Buying and selling by people in any market is psychological where people want to buy low and sell high. The Chats we use for Trading represent human trading behavior because the market is the people. To give you an example, say you wanted to Buy a Car whose price has been hovering around USD20000.00 for a week and suddenly price rises to USD35000.00 in one day, this creates panic as a behavior. Say for some reason the high prices did not attract buyers, then when the car is discounted to say USD21000.00, say in a month's time, then people are likely to buy it fearing the prices might rise again. So now the emotions of fear and panic are there depicted by the chats creating what we call S/R. So basically S/R are psychological walls and like any wall if you apply enough force despite its strength , it will be shattered. That makes some S/R sometimes hold or fail. S/R is not simply lines drawn on the chat. Its actually a region. If you desire to draw strong S/R put your lines between Big Candles or Bars. Whether a person uses or does not use S/R or Supply/Demand, Order flow or what, does not really matter nor is it right or wrong. If you can make Money with your method then you are doing an excellent job. ------------------------------ Last Mashonganyika ------------------------------ [Reply to Group Online]( [View Thread]( [Recommend]( [Forward]( ------------------------------------------- Original Message: Sent: 12-06-2017 02:30 From: Pradeep - Subject: Ask James Anything would i be right is observing that your indicator identifies breakouts.....this suggests that,.since some breakouts fail your indicator will, fail sometimes but in the 10 trades i took all made profit i have not taken your course yet so these are fantastic results even more when you consider that i am using your indicator without the specialised training which you so kindly provide i plan to take your course after 11 dec when my credit card limit will be freed ------------------------------ Pradeep - ------------------------------ Original Message: Sent: 06-19-2017 05:33 From: James Edward Subject: Ask James Anything Please use this thread to ask any and all trading related questions, and I'll do my best to provide answers and advice to help. ------------------------------ James Edward London ------------------------------ You are subscribed to "General Trading Discussion" as {EMAIL}. 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