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It “can” be. But what would the target be? What’s the context of the larger time frame price action? Additional info is needed I think. the graphic alone isn’t enough to answer that.

Tom, good points I had the same issues with the BB parameters. Maybe a tweak there would help. BTW, you can get limited volume on FX, but the volume you'd get would only represent the volume that goes through your specific broker which really doesn't tell you the volume of the ENTIRE FX...

Maxinger, Is that person still one of your trading coaches? If so, why?

Good luck Snuskpelle! I look forward to reading your entries and checking your progress.

For a week long trade look for hourly time frames. 60 min - 240 min (4 hour). Others may even suggest 360 min (6 hour) timeframes. and a week is plenty of time. Keep in mind day traders can trade on much smaller timeframes (5 mins) for example.

Correct on the perceptions part of your response. My advice on that is don’t worry about others perceived perceptions just work to be consistent with how you draw all of your channels regardless of asset or timeframe. As far as “correct timeframe” it depends on your trading horizon. In your...

I thought it was an accounting convention. They use 360 days as the standard value for a year. But what do I know. I hated accounting in college. Lol.

Didn’t Lenny Dykstra try trading options then fell from grace and got into a boatload of trouble afterwards??

Question: with interest rates this low, if the US runs into economic trouble, what weapons does the Fed have to help? In the Great Recession they lowered rates. What would they do now?

I’ve done this myself. And just like the OP initially thought someone had hacked my account.

I consider a fake edge to be when a trader believes they have an edge but has only backtested their strategy under limited conditions (example having a strategy that they’ve only tested in bull market scenarios when you could almost throw a dart at a list of equities and pick a winner). Its...

The P/E ratio must be through the roof on this.

I set my first target to 1:1 to make it a free trade. Then use a trailing stop for the second target.

:D:D:D@ “oh my god! Oh my god!” Squeeling. Because that’s EXACTLY what he was doing lol

My observation is that if he makes these types of returns so easily and on such a regular basis why does he sound so excited in making 25k when he just made more than twice that over a two day period? Why would it be all that exciting for him if he did that all the time??

Thanks for the reply. I respect your secret on your method. We all have our trade secrets. Regarding your number 3 above. I have heard where traders intentionally don’t use the standard or generally used settings for averages, timeframes, etc. but instead use personalized or what they call...

How did you determine your stock selection?

Agreed. Plus Sim can only get you so far. You’ll never get the psychological impact of trading real money in sim. Comparing sim to live trading is like comparing learning how to drive playing a video game versus getting in a real car. It’s just not the same thing.

Doesn’t surprise me. Tommcginnis seems to know a lot about many things.

Well said Nobert. I agree. And great story you shared to drive the point home.