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BTW, with the method above it is often important to update the channel/trend line after you have two new lows/highs. Play around with it. New trading rule: not looking at the 1 min charts until I become legitimately profitable (at least 50% profitable sessions with total net profits...

I've noticed I'm starting to take more recommendations from earlier suggestions in this thread, as well as others. I decided to post this chart because it seems like the only thing I may be able to help others with -- I'm sure many traders know this, but through all the threads and books I've...

Not good today. Ended up with three trades on three different currencies before I hit my 50 pip drawdown limit. Unfortunately, one of my trade entries was accidental (went in on wrong pair). I lost 18 pips quickly, then quickly scrambled to close it, but ended up closing the trade I wanted to...

Not good today. Ended up with three trades on three different currencies before I hit my 50 pip drawdown limit. Unfortunately, one of my trade entries was accidental (went in on wrong pair). I lost 18 pips quickly, then quickly scrambled to close it, but ended up closing the trade I wanted to...

ET was down when I was posting last night, but this is what I did: Just a few brief things today. Got a new book in the mail (Trading Chart Patterns by Suri Duddela) so just went through it a bit, examined a chart thread for a few new ideas for a little while, and also began looking for...

Just a couple things here and there. Very tired and didn’t want to study cliff notes for a book I’m not reading, so ended up taking a few separate trades from my normal practice account on several different currencies, examining another thread of charts, and not too much else. Something I...

Today was a trading day but not exactly. I have spent many, many hours compiling as many good pictures of charts I could get. About 150 of them are from online sources, and another 200 of them are from the three chart books I checked out from the library. I have them all saved in files, from...

Smurf, I checked the book out from the library as well. I do not think this review is quite correct, however. Firstly, it says when the ellipse is broken it is time to start drawing the next ellipse, but when a trendline breaks don't you begin looking for the next one? Also, although I...

Smurf, I did come across that thread, but I wasn't sure that was the one you were referring to. I also ordered Suri's book. I will be sure to do some more chart studying. I have some new formations to learn and study, however. I have plenty of work ahead of me. Thanks for the advice...

I'm in a college with 26,000 students. I went yesterday :p

Smurf, Can you tell me the title of the thread? It seems there are several threads with over 10,000 posts. Also, two of the three books I checked out from the library happened to be Bulkowski, and the other was Fischer. I have a book at home, but I don't remember which one it was (Wiley...

I would like to experiment with them as they are explained in Candlesticks, Fibonacci, and Chart Pattern Trading Tools by Robert Fischer. I have Thinkorswim, NinjaTrader, and Oanda on my computer and neither of the three have them. I believe I have found them here...

Smurf, What I refer to as PA in my trading is predominately chart patterns - mainly formations like triangles, channels, reversals, etc. What does Suri's book offer that I won't see in a normal trading book? (This didn't really help that much, but I thought it was pretty funny...

Forgot the attachment

Mixed day today. Traded from 6:45 (time began looking for first trade) to about 10:20. Trades are attached. Totals: 9 trades; +8, +6.6, -9.3, +10.5, -5.3, -3.8, -9.2, -5.3, -9.5 netting -17.3 pips. These numbers do not show my progress, however. Although I did show some amateurishness at...

Has anyone ever used Phi Ellipses? I stumbled on them in a book today. Neither Oanda, NinjaTrader, nor TOS has them. They looked very interesting (so does every indicator in a book :) , but still I would like to experiment with them). Thanks

Hi. I am a novice trader who trades nearly entirely off PA and chart patterns. However, after books, a few trading sites, and some experience, I still feel that there is much more I can learn from other sources (I just learned about the 2B, for instance, and I have not seen good enough...

Today was just an observing today, and I got in about 2.5 hours. Including some time late last night and early in the week, I am up to about 6.5 hours for the week. I will be back to trade tomorrow. One thing I would like to comment on is how certain patterns that have failed me are...

Actually I just noticed that TOS has added 2 min and 3 min to their charts. Hmm, that works too.

Dave, Thank you very much for the tip. I couldn't sleep tonight, so I did set up the connection with my old demo account with forex.com (not sure if this gave me any added features) and I have tick charts, any second charts, and any minute charts I could want. I checked the indicator...