Gbp/jpy not a method trade — Iced - Watch for a break of the downtrend line AND the dbl bottom at 227.73 Don't get excited folks, just an example of confluence where a trendline and double bottom meet. The trade normally would be taken in the ...

The Holy Grail - Found

Iced - You may want to close the trade and wait for the break of 227.73 price has no momentum at the moment. Price needs to break s/r with MOMENTUM very important.

The Holy Grail - Found

Proof? — Everyone needs to make their own trades on demo. The system can't get any simpler. Why do we need proof? I'm not trying to "prove" anything, just showing examples for a few newbie's even tho the examples are not perfect, its the basic ...

The Holy Grail - Found

Trend not right — I took a trade short on gbp/jpy at 227.93 as price hit a dbl bottom on 30 min chart, also looking for the trendline break from the top of 229.12, so far the trade is in profit 20 pips. draw down was minor. price dropped to ...

The Holy Grail - Found

JFX, no thanks, I can't handle any system that can produce 12 losses in a row and still be a winner...I'll pass

The Holy Grail - Found

At 40% you could have 16 losses in a row... no thanks

The Holy Grail - Found

10 in a row — Digimix, 10 losses in a row is a 50% win system...totally useless. If you find a system that only wins 50%... RUN!

The Holy Grail - Found

Hi Iced, First, take a look at the daily chart, you'll notice its in a down trend. That would cancel the trade. Always look at the daily chart first. You can easily add 50 and 100 moving averages to the chart to help with trend and bias direction. ...

The Holy Grail - Found

Trial — Ok, here's an Idea, if enough people would watch for setups and mention them here we could see how well this performs. its definately a profitable method...97% would be wild, but 3 out of 4 wins would work...ya never know. So if you ...

The Holy Grail - Found

Quick scalp — Well, I just took a trade on gbp/jpy trendline break for 20 pips and it worked from 228.82 to 229.03 for 21 pips at no time did the price go below entry. Just a simple scalp. the trend and bias aren't correct , plus gbp/jpy ...

The Holy Grail - Found

Bias — Bias is different than the trend. Trend can be up and the short term bias can be down. Thats the reason for the 50 and 100 ma's. 50 needs to be over the 100.

The Holy Grail - Found

Contribution — Thanks Blue! Most of the breakouts will be false, because you'd get rich overnight if they weren't. So if you think you're going to play the breakout for more pips...guess again. BUT... Here's how to play the breakout for more ...

The Holy Grail - Found

Hi War, and welcome to the forex factory. I don't post charts, but if you look at Opie999's chart post# 3205 you will see the pattern I'm talking about. I'd also suggest www.babypips.com to any newbie's, its a great site. Sorry about the charts.

EURUSD

Head and Shoulders — The symmetry of the head and shoulders is amazing! Price is about 100 pips away from breaking below the neckline. I can imagine how many stops are just below and the dbl bottom at 1.4525. A break of that neckline leaves ...

EURUSD

I'm wrong again — Looks like the big boys don't have enough merchandise to go higher just yet. Nice how they can slam the price down by 150 pips, forcing more selling. My guess is that the average Joe didn't drive prices that much lower. So ...

EURUSD

Rigged — The Big Boys probably picked up a lot of contracts as they dropped the price down hard over 400 pips. If they did, they sure as hell won't want to take them lower. Best bet is, they'll dump them on the next bunch of suckers at the ...

EURUSD

Good Work Steve — Hey steve! Just wanted to say thanks for all the information you're providing. I'm sure many of the guy's/gal's following you on a daily basis are gaining lots of valuable information that we don't have to discover thru ...

Steviet's Live Trades!

Am I seeing things...a certain break of 1.4750 (dbl top on 4 hr chart) with a run to 1.4800 easily. I wouldn't look for much higher than 1.4800 right away, we should spend some time in that area. Should happen soon. 1.4750 - 1.4800 should prove to ...

EURUSD

Dodged a Bullet! — Hi Steve, Looking at your last long trade at 229.24 exit at 229.74 for 50 pips. The exact high on that move was at 228.82, 8 pips higher. If you had taken that trade 10 pips higher you would be looking at a 500 pip loss ...

Steviet's Live Trades!

Steve's Advanced Scalping Journal — Hey Steve, Glad your still here, wish you'd make a little more noise Listen...Did you ever come across "cyclesurfer" (metatrader forum) trading method were he puts on 2 positions at the same time on a 5 ...

Steviet's Live Trades!