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Yes. Today was a good day for FX. Reallly Good. I just happened to take this little gem. Downtrend on 4h and 1h and what do you know, GBP shows sign of strength on the downside and the good thing was to sell the retracement and then just trail your stop down. Can't get better than this...

Trading smaller after a big gain only makes sense in the context of the same market and the same timeframe.

The problem is that we are going back, before the 2nd world war to be more precise. When germans confronted themselves with crisis, it took one man and one party to throw people into total chaos. That's how nazis came into play. People were told the "root cause of their problem" and they...

aren't you a bunch of frustrated americans.... :))

FX Intraday, trading the 4 major pairs and End of Day trading the 4 majors, the 3 commodity currency pairs and the yen and swiss franc paired with the EUR and GBP (strong vs weak). Used to trade currency futures but switched to spot since i didn't see anything different and it's cheaper...

ok, i have a strategy that i employ on 60min/10min and 30min/5min (depending on the instrument's volatility cycle) sets. If the trend on the 60 min chart is up and i get a swing up on the 10 min that manages to take ADX above 30, i look to buy a retracement to the middle channel line, the...

yeah, right... +300k rofl!

the poll is wrong. It should have read: 1. trending market 2. ranging market 3. volatile market full stop.

if you trade off the 1minute chart, use a 5 minute MACD slope or an 8 EMA slope or something to filter out trades in the direction of the 5min trend....

Anyways, one needs to experiment at least 50 or so trades, always thinking about risk:reward, where to best place the stop (as this is crucial for winning), and scale out, trail the stop to breakeven, entry comfort zone, emergency bail outs, etc.

hi snarly, i don't trade that short of a timeframe, but i have a thing for exponential moving average envelopes. The only thing with these is the fact that you need to adjust them by hand (like a swiss hand wound watch :) ). Adjust them so they contain about 80-90% of the last 100...

Ok. Scalping. I agree. That is a good way of trading intraday, if your comms and spreads allow you to. However, scalping goes all the way down to 1minute charts. That is an entire universe on it's own. And of course you don't care about market conditions when you can have 10s of trades in a...

Hello. I thought i'd share something with all the people starting out and learning TA. Most of the books are teaching TA focused mainly on longer term charts. Most classical systems were developed to be used in the stock market where you have thousands of stocks to screen and trade using...

however, Ari Kiev's book, although very intricate has one definitive chapter, i can't remember which one, in which it instructs traders how to meditate and practice "visualization" just like athletes do, practicing the exercise/trade in your mind in order to be ready to flawlessly execute...

Of course Mark Douglas is an essential. It's a must because it sheds some light on the nature of this business. The probabilistic one .....

One book I would gladly recommend is Josh Lukeman's "The Market Maker's Edge" It includes everything from psychology to technique. And most of all, this guy is actually talking about stuff that come up when actually taking the trade. Chasing trades, sitting, overpaying etc... my 2 cents.

i think it traces back to the purpose of life itself. since we were born we were told what to do in life by our parents, our teachers, our priest, etc. at no point does the normal guy stop and ask himself "what am I doing?". why? because media doesn't want you to do that. govt doesn't...

If this is "nonsense" then i might as well stop visiting ET anymore coz it's a waste of time and energy....

And I will also explain my first thought for anyone needing english lessons. What I meant to say was that I (me, myself and I) feel that at the time i started making money on a consistent basis I was more concerned with the level of comfort my strategy and money management plan had, as that...

QuantPlus: You call my first post "nonsensical". Why do you feel that way? Does the fact that neither you, nor many of the posters on this thread have anything to do with the subject first proposed on this thread seem strange? Maybe I wasn't that clear. Maybe I should restate the theme...