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Almost, but not quite. The trend is sometimes your friend, but sometimes your trend chart is showing a high probability reversal. Momentum charts have not picked that reversal up yet and trend followers go with it (the trend). Then, those who see the reversal formed on the trend chart, wait like...

After a week of exhaustive study - I have found that the best way in my of style trading is to begin by working out the tick chart size for the fastest chart and apply a multiple to it to figure out the rest. Fastest chart: Amazingly, if I select a tick number that gives me one bar per minute...

Cutten, Totally agree with what you said. People are born to do what they are doing - eventually they come back to it if they side track. I put my first trade on in High school - I still remember black Monday vividly. Got into sugar futures when I was 17 years old (doubled my margin then...

To be patient and vigilant when you have to be and to be greedy and enthusiastic when you have to be - often at moments that you least expect or naturally feel like. Example - You've been waiting for a settup for most of the day and yesterday you didn't trade at all. Then you spend half an...

What separates a noob or papertrader from the real thing is that a trader is having his or her balls on the line day in and out for months and years - that is where the real knowledge comes from. All I am trying to say is that ET is riddled with posts from people who don't really know because...

My best trading day to date was 5 months ago (about a month after joining ET) and it was to take my account from $1200 to $2400 in one day. I had started with $3000 a few months before that and was on the verge of blowing out (for the second time). I shorted gold and risked 10% of my account...

Can we have a link just under the username for every ET member, that links to a posting that person has made to the p/l thread. It can be whatever posting that person wants to link to, it can be a good day, bad day, whatever, so long as they have a trading blotter with numbers on it. And only...

ProfLogic, I think in this thread we have arrived at one interesting point of discussion that if we may - can discuss. You mention that you have stuck with the 7 square sequence and looking at it now on eurusd - it actually makes trading it a very different experience to the 4 square...

Cutten, I was a professional yoga/meditation instructor for 10 years. This sequence has proved helpful in dealing with many of the main psychological issues - trading or otherwise (including the one you mentioned). Takes about half an hour, ideally done morning and evening, but especially...

Probably most of it gets trampled under their feet.

I don't know if the Professor will approve of this or not but, Try this sequence: 160/640/2560/10240 Its basically the cool 4 square sequence (4,16,64,256,1024) but with an added zero!:cool:

http://fxtrade.oanda.com/resources/ubsnews/index.shtml I don't know which source has got the best free research, but a random sample from this website taken on Friday (2 days ago) shows: EURUSD remains under pressure near-term however weakness below 1.2746, the low from Nov 8 would be...

Go away from the screen for the first 30 minutes after putting on a position. This is just a personal quirk/rule of mine for dealing with the "when to put stop to breakeven question". After that, if price has closed 25% or more towards target I put stop to B.E. (if I don't know target when I...

ProfLogic, Further to my findings on perfect square ratios of chart nesting, I have another querie. Do you ever change your chart sequence while trading, depending on market conditions? For example, after a major data release when the market is moving fast (perhaps once or twice a...

Professor Logic, Squares method is it! :) Been looking at it closely today and the 4 square sequence of chart nesting, in the market I trade, is the best I have seen from all the combinations that I like (including what I posted previously). At least using data that I have available at the...

The first method I mentioned of setting up your tick charts has your tick count reduced to the 1 minute level and then multiples of this are used to have time proxy tick charts (ie 3, 15, 30 and 60) An alternate way to construct your tick chart sequence is to have charts that have bars per...

The ratio I was talking about was not time based but tick based equivalents that have been reduced to the 1 minute period and then multiples of which are used to see the broader picture. So if 1 minute of ticks (calculated my way) = 10 ticks the sequence to look at would be: 10t, 30t...

ProfLogic, I start with the 1 minute calculation with the calculation methods that I gave and work upwards from there (using multiples of 3,15,30 and 60). Try it...you might like it

ProfLogic, I would cut out the dead times to calculate the fast charts - as in my example I gave the 1 minute. That period is a completely different environment from the hours that I trade and thus would dilute the power of the signal if it is included. Again, I am coming from an fx...