Search results

Bikram yoga helps clear my mind. That helps my trading :)

I do Bikram Yoga every morning at 7:00am. Love it. Sweat about 3 buckets worth :)

What a load of bullshit. You are saying only retail people trade off of charts? Please.

Any kind of chart indicator that requires price is TA. For example: rsi ema stoch linear regression ATR these are all TA. They are lagging indicators. Meaning, the price moves first, then the indicator responds to the price movement. Price action is figuring out what the current...

Swing points made by news aren't any more reliable than swing points not made by news imo. If so I would have been a billionaire by now by going all in on those swing points with a low risk and high reward strategy. I trade the forex mostly so maybe it is different in equities. I will trade any...

The only time I use news in my trading is I make sure to avoid trading during major news announcements such as FOMC meetings, Jobs Reports, GDP report, Consumer Confidence, etc etc. I don't trade 1 hour before or after those reports, mainly because it is usually chaos and logic doesn't settle in...

More buyers than sellers, or more sellers than buyers. Doesn't have to be a pin bar. The swing point on a 4 hour chart might be a pin bar but that same swing point on a 1 hour chart might look like a reversal bar.

I don't use fibs, but you are exactly right. They work because other people use them. Just like a price bounces of moving averages sometimes because other people use them.

I find my S/R levels by swing points. I think MOST people use swing points as there S/R levels, at least in fx trading. That and fibs.

Cup and handle formation on EUR/USD 30 minute chart. Also kind of a reverse head and shoulders. Could test 1.3870 soon. Anybody else long right now?

I don't like this pin bar for 2 reasons: 1. It didn't close close enough to it's low for my taste. 2. The next bar hasn't broken outside the range of the pin bar. It is in fact an inside bar. For confirmation I would wait for a breakout below or above the pin bar.

LVS will probably hit 75 with all the money flowing in from the Asian casinos. Coincidentally when I am 75, I will still be making a few bucks here and there day trading some other stock, while LVS sits at 20,000 :)

Thanks for the info. I think with the rest of the economic news coming out this week we will see which way the euro moves. If more bad news from Germany, we could see 1.37 easy. If German GDP surprises on the upside, I think we can test 1.43

Horrible German numbers, but it doesn't look like it wants to stay below 1.39. If price breaks below 1.3870 I think it will test 1.3700. If it bounces from 1.39 I think there is a good chance we will test the 1.45 area (monthly trend line and 61.8 fib) I'm putting in a small long position...

$2.5 is IB's minimum commission for placing a forex order. There are no roll-over fees. You will be charged another $2.50 when you close your trade. I'm looking at a chart of the AUDUSD right now and it looks pretty strong. Which pair are you trading? I would wait for pullbacks and go long.

limitdown: I have no idea how to trade it right now as I am confused, which is why I asked a simple question if anyone thought it would cross below 1.40. I'm sorry the thread was not to your liking, I will try super hard next time to satisfy your needs. Bluestreek: Thanks for your input, I...

Anybody think it will cross below 1.40? It's a strong support level and I don't think the jobs report is enough to break through it. If it does, I think it might just quickly bounce back up.

Couple of things I didn't like about that method. 1. Your entry bar is traded on a live bar. The low and the high of the bars have not been set yet. 30 minutes is a long time for plenty of reverses to form new highs and lows and get stopped out at. IMO a finished bar is a better entry signal...

Anderson Cooper say's its a myth: http://www.cnn.com/video/?/video/bestoftv/2010/11/04/ac.obamas.india.trip.cost2.mov.cnn

You mad bro?