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[Trader02]

Originally Posted by sunabeach

My sentiments exactly. Never let one's opinion get in the way of what the market is telling you.

And I see you are not fond (to say the least ) of EW but EURUSD 12/08/06 weekly looks like it was a B wave top which would mean a move down to 1.1300 area by end of year or early '08. Long way away price and time wise but I do believe down is the direction Euro is headed.

Assuming you were referring to me, but regardless, I dig EW analysis but detest EW paid anal-ysts. They have cause more death than AIDS or George Bush.

EW practitioners have a penchant for ignoring the obvious and belaboring the complex, abstruse and unnecessary clutter.

On a date they are a female's worst nightmare because they will ignore all body language until in exasperation she has to say, "mount me now you dummy!"

[HornedGod]

Originally Posted by Trader02

Wake up amigo, or you will miss the mother of bullmarkets in USD underway since Dec 2004 and going into George Bush mode on Dec 5, 2006.

That's the beauty of trading. It takes people of all different ideas and outlooks to make a market. I'm dollar bearish, you're dollar bullish We need each other to take the other's trade.

If the reasons why I'm dollar bearish start to crumble one by one then my viewpoint will obviously shift accordingly. I try not to get married to my positions for ever and ever

[Fadetobla]

Originally Posted by MickMason

lol, I'm a speed reader and read it twice, it's a sales pitch is all.

1st third is "....in this book I will tell you....."
2nd third is a biography of the author
3rd third is promoting his mentoring program

And to top it all off a discount voucher off his $1200 course.

I can't make a silk purse out of a pigs ear!

Too funny....

Mick

Totally agreed. The author 100% lacks ability to keep things concise. 90% of content is philosophy, 8% was good advises from other books, 2% useful (maybe, I have to see).

[Xaron]

Originally Posted by Fadetobla

90% of content is philosophy, 8% was good advises from other books, 2% useful (maybe, I have to see).

And that's more than I ever found in other books.

This book is great. I've read several ones but this one is completely different in a positive way. You don't need the mentoring. Of course you don't get a "no brain system", you have to understand the underlying facts...

Regards - Xaron

[firefly]

This book gives you a very sensible approach and a different way to look at the Forex market. The approach is based on lines of support and resistance and that is the extent of any technical analysis. Much more emphasis is placed on using fundamental analysis to give the trader overall direction (as mentioned above)

I would also check on Forex Factory Forum a thread called Jacko's House of Pleasure and Pain. Jacko uses a similar approach to the market, but employs a trailing stop methodology that I think makes a great deal of sense.

firefly.

[HornedGod]

Since this thread has made it back to the top of the pile once again, if anyone is interested in seeing Dirk's methodology used in realtime then feel free to check out my trading journal at ForexSpirit. I have over 18 months of trades and related journal entries that showcase the ideas described in BWILC.

Like any trading strategy it won't be everybody's cup of tea but it has worked well for me.

[autaret]

Hi folk, after about 1 year of forex trading (TA, ebooks, courses and ... English) so I can definite myself now an "experienced beginner". Just in this week I read du Toit's "Lions" and I found it a nice forex book, with some simple and (I hope) powerfull ideas ... I've tryed to practise with that USDCAD nice retracement but ... the first try is becoming the first loss becouse price is going to break the montly resistence (over Q1) just a bad luck???? )
(anyway dont worry, it's just my demo account!)
Ciao from Renzo (Italy)

[leegrace]

Originally Posted by firefly

This book gives you a very sensible approach and a different way to look at the Forex market. The approach is based on lines of support and resistance and that is the extent of any technical analysis. Much more emphasis is placed on using fundamental analysis to give the trader overall direction (as mentioned above)

I would also check on Forex Factory Forum a thread called Jacko's House of Pleasure and Pain. Jacko uses a similar approach to the market, but employs a trailing stop methodology that I think makes a great deal of sense.

firefly.

I was just reading this thread and saw this post about Jacko from Forex factory. I am one of his trading group that he formed about a month ago and it has been incredible. He has revolutionised my trading. I now wait for the best trades to come to me. Definitly worth looking at.

[favori]

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[favori]

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[zunis-myst]

>favori:
So, what?? Your chart attachments just show, that the situation has turned completely.
Have you ever heard of fundamentals in general?
And have you heard that good news can turn into bad news? Particularly with GBP/USD?
Your Elliott Wave counts won't help though.