for example here. What would you rather? 1. Buy at the high when the candle closes with large risk down to last resistance broken / support retest possible. But definite be in the trade with high risk. 2. Or set an entry order 40 - 50% down, hoping ...

Simple stupid position trading (H4/D1)

Yeah, well doesn't have to be a fib, you can do it with your eyes .. just 40 - 50% of the candle body.. IE open to close.. Set your limits / entry orders a few pips towards your intended direction from them.

Simple stupid position trading (H4/D1)

Juri. A little something for your research. A LOT of bullish and bearish engulfing patterns reverse and wick 40 - 50% back into the engulfing candle body before they continue. (in high timeframes). You can use this to set an entry order and reduce ...

Simple stupid position trading (H4/D1)

Of course. If someone could, in the real world, show you how to deal with all your losing trades, and show you how to make gains, then they'd disclosing the holy grail. As we know, the mechanical holy grail does not exist. Hence why the subject is ...

5 PIPS - Only Five

a positive account balance?

5 PIPS - Only Five

look at both those charts and tell me.. where is the momentum? jeez. All you need to do is look at the last 2 hours worth of candles to see in which direction profit is waiting.

5 PIPS - Only Five

"A skillful trader can spot divergence with naked eyes" he didn't say without indicators, just using the naked eye.

my system of 20 pips

Now, now.. name calling will get you no where. I am merely stating what I seen. As I said, it may or not be the case.

5 PIPS - Only Five

I would not dismiss it though. A round trip on 30 lots as an IB could be worth $30 or more depending on his commission deal. Multiply this by trading every hour.. and you see what picture it could paint. Not saying either way it is what is ...

5 PIPS - Only Five

Hukam, what are the red lines on the last chart signaling/indentifying?

The similarity system

I guess what I meant was.. it could be a long time before it returns if current strength keeps up.

The similarity system

nice spot Hoss.. just where will it turn from is the question? Weekly is hitting an old zone now..

The similarity system

Just throwing this into the mix, as its something I am studying a lot of late.. Held profit being taken. If you can see the loss, then you "should" be able to see the profit!.. At least thats the theory. (Anyone interested have a read over on ...

The similarity system

LOL.. and that is what happens when you "think"..

The similarity system

Nice chart Hukam. Euro looks like its ready to fall off a cliff to me. But I'm often wrong.

The similarity system

Moonie.. you don't need any of those lagging squigglys on your chart. Your candles just before every cross on ALL your examples told the same story. And does not lag. Can you see? Wicks in the direction of loss...

5 PIPS - Only Five

To be honest I use mt4 and trade with caps.. just you said your SB didn't have HA.. which caps has.

5 PIPS - Only Five

Hey mate.. I'm using spread betting on this, and scalping fx in general. Try cap spreads.. their charts have Heiken Ashi.. and reasonable spreads on majors.

5 PIPS - Only Five

How about this? Place two orders.. or... slightly increase your entry. Exit 50% at 50 pips. At that point add a stop loss of 50 pips FROM THE ORIGINAL ENTRY POINT for the other 50%. This way you can no use the 50 pips profit, to make yourself at ...

my system of 20 pips

You do have indies. HA candles and 3 moving averages you said. It is not, as you state, pure price action trading. You are simply taking advantage of the short term cycles the market goes through to swallow up orders above and below the current ...

5 PIPS - Only Five