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Here is what I recommend, measure off your risk in pips for the trade + spread. This is almost always different for each trade because the markets are not linear and with so many variables effecting the trade you need to set your stop size accordingly. Anyway, after you have done this I...

The first category title when you click on the website is "Wyckoff Class" Bingo!

I thought that was where you could prop your legs up, or put your case of beer? :cool:

Of course free drinks would be the kicker! I'll go in half on it with you, lets get it done.

Those are pretty sweet looking but if you have 8 monitors stretched from side to side, how do you watch the 1st and 8th monitor at once!

I want to pitch a forex trading machine to put into casinos. Can you imagine? I think it would catch on line wildfire. On NFP days, the lines for the machine would be 10 deep. :D

http://www.youtube.com/user/leveragefx you can try these, watch the ones for fib's, pivot points, those kinds of things. I use the same software and I love it. If you are new, I recommend getting the book stikky stock charts, a great tool for newbies, very clear and easy to follow and is...

Yes I'm just wondering why the restriction. Nigeria? yes I can understand but Canada? lol I mean come one you guys aren't THAT bad. :)

Yup that is absolutely true! What is the deal with that?

Yes it is further substanciating my fears that they all run carry out the same damn practices. They all run on one thing, do another. Once in office, they do the same things.

I agree mostly with these guys, the previous day's high/low may also be the most relevant swing point for the fib to be measured against but not always. Scale out of charts and step back, and look for most obvious high/low swing points and use them. Choose most valid swing points can take...

Scaling into trades: Higher % of wins Higher avg loss size that can be difficult emotionally to trade, especially for the newbie. (dont know your experience exactly) Also if you get caught in a couple of trades that you scaled into for losses for 2 or 3 in a row because you get caught in...

Very funny you guys mentioned that, my dad bought ford at 1.53 and sold at 1.98 anticipating that its range bound for a while at the minimum but a much greater possibility to rally through resistance with this inside/out price action. He has a buy order in again at the 1.50 zone for whatever...

Hard to say, as to watch and read the market bar by bar you need volume but I didn't see it mentioned in the initial review from your 1st post. Is this what he uses and just doesnt want to say that in the review ? If he uses volume then jump all over it.

I think 90% of the time during the london trading session and into the US session. However, you may get activity on the JPY crosspairs during the asian session for obvious reasons :)

Might be a little late to the party here but the 1st 'heat map' shown on the link from the 1st post is not MT4, its the software from topgunsoftware and leveragefx.com. Really old chart too as they have updated their tools 10 fold since that vid was made.

yeah, like some of these guys are saying, the more $$, the better 'prime' broker you will encounter for sure. Much less reputable brokers since the vast majority are retails blokes and don't know any better and trade smaller.

What type of mentorship are you looking for? Someone to advise you from day to day through email or someone to help you devise a custom trading plan with money management suited towards your emotional makeup? Big gap there! :)

Didn't read your plan, but I wouldnt recommend trading it til the market calms down somewhat after the initial hysteria. Also if you aren't using prime brokerage and your spreads do not get blown out, just skip it. No need to as it can become more gambling mentality then trading where you...

do you mean automated by black box? with no human intervention on entries/exits?