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I look for times nearing end of a cycle during acc/dis periods. Then I choose a daily bar which is either narrower than average or look for a narrow range hammer, in both cases they have to happen near extreme levels of acc/dis periods. Enter after either Hi or Lo is touched, sell Lo & buy Hi...

It's the same old argument as disgruntled traders that lost money banking on an indicator/s suggest that TA doesn't work. An indicator's job is to point to how weak or strong price action is. Price action suggests direction, not an indicator. When used in tandem & wisely they compliment each...

Current results: -85 pips/-£127.5 @ £1.50 per pip +355 pips/+£1,065 @ £3 per pip -120 pips/-£120 @ £1 per pip +277 pips/+£554 @ £2 per pip -165 pips/-£165 @ £1 per pip -117 pips/-£234 @ £2 per pip -172 pips/-£688 @£4 per pip -132 pips/-£1,056 @...

OP said numbers are his only concern, fundamental data or price zones as in s&r?

Pleasure.

No position at present, will trade breakout of the posted range starting with £15 per point.

Screen capture of a gold medal ;)

Next ES range is 1,063.25 - 1,075 starting with £15 per point

Cnbc Perhaps the past week's stock market rally was only a mirage: Fund-flow data showed retail investors ran for the exits even as the major averages were gaining nearly 4 percent and staging their biggest surge in months. Equity investors pulled nearly $12 billion out of mutual funds for...

Reward was x2 ;) Initial range was quite wide IMO, plus all gaps pretty much closed.

I post on some other boards, recently I have witnessed so many posters short GBP into rising strength I kept seeing myself doing the same few years back. Obviously they kept shorting & getting stopped out, eventually when faith is lost (& money) it is starting to fail at the top of a daily...

Of course numbers matter, I am running a thread which is solely based on Daily numbers, pre-volatility analysis & money management. That account is up more than 50% this year already.

To understand how trends work one needs to study historical charts. Not minute charts, but daily upwards. In due course one will be able to identify a trend start, trend continuation & trend end. There is lots of material (even for free) online regarding trend reading, some go way too...

I am certain that most that lose using TA fail to understand what makes a trend, therefore they don't know when to trade & when to sit on hands. They just trade all the time. So who is to blame - tools or man?

Successful trading is about seeking out higher probability plays, how you do that is a personal thing. Just look at octopus Paul ;)

1.4 historical support, I wouldn't say it is strong action as both horizontal & diagonal resistance levels have not been breached. You have to consider DX ImPo which bounced from near 90 resistance. I doubt very much that 90 will not be re-tested at least. Of course if stock markets do fall...

Sold +39.75 (+£2,385)

Guys, forget SIFs, short the GBP, look!

You've been spoofed.

-28 points (-£840) Long 1033.5 @ £60 point Reverse order 1002.5 @ £120 point