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Niko, Interesting video. Thank you for sharing the link. I viewed your hourly NQ chart and then uploaded an euro chart. The way price moves on this time interval is not unlike your NQ chart.

Whether one trades the NQ, ES, Euro, Gold, ZN, Stocks, or even weather, managing your risk is important. No matter what I trade, my risk in dollar amount is the same. Understanding and being able to use appropriate risk was my first hurdle to overcome, not methodology; risk management. I...

Speculation is the family business. My dad began his career trading spot currencies on the prop desk of a Chicago bank. He has since moved on to trading for a select few clients, but is still active in spot currencies among other things. Though I want to forge my own path, standing on the...

"As for how far from the trough or crest to place the entry stop, that was a matter of testing. Tighter and you risk being sucked in by a meaningless tick. Too far and you run into recoil and have to sweat out the continuation, if there is one." This is key. I am trying to translate this to...

DBPhoenix, Thank you for your reply to my question. I have approached entry from another perspective. You have given me some food for thought. Warm Regards, Toby

DBPhoenix, I hope you will entertain a question. For a couple of months, I have been reading through the various straight line journals and reading Wyckoff around my class schedule. My academic load is heavy, but am looking forward to trading as a worth while diversion. My question focuses on...