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Thanks as usual a very good and intelligent reply Also this technique may be learnt in an hour or less compared to the mastering of price action.

trade closed because the marked bar with the arrow failed to continue although the first pullback will usually be bought.

The market went up in a big up bar-the biggest in the present up swing. this biggest bar is more likely to be a measuring gap than an exhaustion gap:After the big bar there was a small up bar where the arrow was placed; that a small up bar was printed instead of a down bar means that it is...

ENTRY: one entry requirement is that there should be a good gap between the short term ma [3 ma 8 ma] and the longer term ma [ 50 ma 100 ma 200 ma] this show that the short term momentum is higher than the longer term momentum. this requirement was satisfied by eurusd chart [see below] at the...

thanks for your insights....what you say makes sense

Appreciate your endorsement. "Concerning number 3. You are exactly correct. It is counter intuitive. Most traders want to go long in such a scenario. But what is happening is the bulls are losing. They are pushing back (hence bull bars) but the move continues down. Conclusion: bulls are wanting...

the idea is to buy the short term down move because you have the support of the larger term players. only the short term ma [ trend ] is down so a sell is only a scalp the ma in a down trend represent the short term move of the market

the chart below illustrates a pull back to the 50 ma :it is a sell the minute the market touches the 50 ma for the first time. but instead of selling off in a big down bar, as was expected, the market stalled, near the ma for two more bars. Whenever the market does NOT do something, it is...

Yep Oliver is a good trader to keep an eye on. watching how fast the bars form,how big they become,where the close is,above or below the ma, how much above the ma, the close IS,all gives critical information to the trader THAT NO INDICATOR CAN. IT GIVES IDEA OF INTERNAL MOMENTUM OF THE BAR...

this is a scalping technique, not a system, in the true sense because a fair bit of discretionary judgment is required to get the full benefit of the technique. i use a 5 min but it may be used for any time frame the first thing to see is if all the ma line up one over the other with the...

ok the system is simple but as is often the case the explanation is not so give me some time to put it down on paper.....in person to person it would take not more than a minute but in writing it is open to misunderstanding..so bear with me it has to be explained properly

here is the result for test done by pepperstone trading simulator that runs the market on historical data when the market is closed ,just right for trading junkies like me on a lazy sunday afternoon when nothing else is there to do. for more info on the trading simulator see here...

i was one that pooooooooopooooooooooooooooooded :D moving averages and focused on price action, the last 10 years of my life...and what a stupid I was, because both price action and moving averages were based on the same thing price. I am now using a moving average system but not depending on...

i i made money with a good system i would just become a signal on the MQL site.

Haha maybe we could have a competition when markets are closed.....but providing the drinks are on you....drinks taste better when they are free!:D

i am not as sure as you are......if you test it in all conditions, you will see it does not make money long term. But if you test or use it only when the market is trending, when all the ma line up,then you will get 100% winners.But you may get only 1-2 trades a week The problem is, while you...

i think,really i do think, not all of the time, sometimes i like just to get drunk!, :D that if you trade this actively and you get some experience trading this it can make you money, easy money but not lot of money? What is hard money? Trading price action or scalping! I am not sure you can...

I think Al Brooks prints his books in Chinese....i could not understand it either. You said you would love to receive a few tips so i am giving you one:it is quite possible that will stop loving to receive tips after you read this....:D books are theoretical and you will lose yourself:i read...

i see a lot of your posts where the quote shows an arrow up: see the file uploaded how do i get the same?

women of Brazil? where do i find them?