Recent content by Brites

downrivertrader: Here's some weekend thought, are there more stops located at 13000 right now or 12700 after another failed attempt at 13000? Or better yet take a look at cable/$, was it ready to fall out of bed last Friday, Monday, and again yesterday or after today's move will we see 19000...

Trading The Ross Hook & Trading By The Minute; Joe Ross

qtip: I trade both FX futures & spot but for the most part trade futures unless the signal is indicating I hopefully will be holding for a few days & then I'll trade spot if I'm getting paid overnight via interest differential. Spot vs. futures is pretty much efficient so I've never been...

qtip: Take a look at the bookstore of the NYIF if your looking at some good reference material for the forex market. Also, fxstreet, Reuters & Bloomberg offer decent commentary. A few points regarding the forex market: 1. A market is a market so if you've got a good(simple) strategy...

3rdocagt: Cat stop is catrastrophic stop: last level price can trade to before the setup is a total bust. If price breaks out of the range I've described and it comes back into the range only to BO of the other side then something is definitely wrong. Typically if this scenerio happens I...

karsat: The strategy which follows is generally not what I do today because I'm trying to stay in the position as long as possible to catch the longer intraday trend but I'll describe how I would handle the Cable setup in the past: Again, what I'd like to see is Cable to trade in this...

I'd like to tell you scalping FX is good for 50 PIPs a day but your setup, stops, & were you take profits is totally up to you. My advise if your new to FX is to focus on one or two techniques that work for you and master them. Here's an example, when I first started trading I focused solely...

Here's a few techniques for scalping: 1. BO of congestion closest to yesterday's H/L 2. BO of highest high or lowest low of the the last 3 bars on the 4hr chart 3. BO of a few hours worth of 15 minute bars which show tight(say 25 PIP) congestion. This technique works very well around...

Here's my take. I'd like to see E/$ struggle its way down to 1.1900-1.1850 level early next week followed by 2-3 days of back & forth between this level and a top of say 1.2000. My long E/$ is a breakout of this congestion were a move to 1.2500-1.2800 would make sense. We need a catalyst...