What exactly are you confused about? please explain in greater detail. I use Thv to send me confirmation that the trend is reversing and resuming. The coral is a colored moving average to help determine the trend of the market.

Trading from an Experienced and Successful FULL TIME Trader

Yeah I agree guys (and gals) that you certainly need more than a rigid set of rules to not only survive at this but THRIVE. Markets are dynamic and do change but one thing that does not change is support and resistance and certain PATTERNS that ...

Trading from an Experienced and Successful FULL TIME Trader

vox was totally correct. I don't recommend using stochastic or any other "overbought/oversold" indicator.

Trading from an Experienced and Successful FULL TIME Trader

I personally trade 30 minutes before NYSE open til about 1.5 - 2 hours after. Anytime after London Market Open is good! I don't recommend trading Frankfurt however.

Trading from an Experienced and Successful FULL TIME Trader

Indeed it is! Take note price kept hitting a certain level before it finally broke down, retested the breakdown area and then collapsed. This is a VERY common set up and often yields tons of pips! GREAT job noticing that! You are well on your way to ...

Trading from an Experienced and Successful FULL TIME Trader

I have one more trade I want to illustrate today. I took this trade early in the week and I even pointed it out to some trading friends before it happened and even mentioned where the market could potentially go and I was 100% correct, within a few ...

Trading from an Experienced and Successful FULL TIME Trader

I am enclosing an actual trade and WHY I took the trade as illustrated in the photograph. I will also explain here what I saw. 1. I noticed a huge shelf forming on the end of Nov 4 and early Nov 5. I KNEW if market could blow above that and come ...

Trading from an Experienced and Successful FULL TIME Trader

Yes patience is finding the best entry. But there are times where you have to wait on the market to move after your entry. This sort of thing happens all the time and it seems if I find myself growing impatient and getting out of the trade it almost ...

Trading from an Experienced and Successful FULL TIME Trader

Same trade, entries on 15m instead of 30m

Trading from an Experienced and Successful FULL TIME Trader

Ferru, yes it did take several hours to go in my favor but thats how the market often works. Especially when you are trading the asia session. Thats why I said trading London is BEST. I realize most traders dont have the patience to wait on a trade ...

Trading from an Experienced and Successful FULL TIME Trader

and while im on my soapbox...why change this system??? I see people trying to add indicators. IT WORKS GREAT as it is IF you follow his rules on page 1!!!! Think about it...you get in WITH THE TREND...the odds are already in your favor and with all ...

Price Action Trading with Indicators! The Freebie System

I just want to say that I have been around the block when it comes to the forums and I have to say the information here is incredible. Anyone who says this cant work hasnt tried it out and has not looked at the other worthless systems on here! This ...

Price Action Trading with Indicators! The Freebie System

A word of advice for Newbies; my results — In case you are new to this thread, may I offer some advice. I have learned that CONFLUENCE CONFLUENCE CONFLUENCE is the key!!!! Let me give an example here. If I see that we have moved away from the ...

CHOROS System

127 pips in 9 Scalping trades! — I've been demoing this on my demo account using a 3 minute time frame (only using stochastics not RSI) and the results have been stellar. 12 pip stop loss and 30 pip take profit (subjective to price action) ...

BELLA SYSTEM. Let's try it, let's improve it!

Suggestion for bigger profits! — I have traded a stochastic divergence system for some time and I did want to make a recommendation on improving this great system! Many, many times (most of the time) when there is a crossover on the moving ...

BELLA SYSTEM. Let's try it, let's improve it!

1075 pips! — I'm using this strategy and here are the results since December 1-April 30 1075 pips TOTAL and that includes my broker spread of 5 pips. My strategy may differ slightly because this is how I do my tp and sl. I enter my first order ...

4H Box Breakout

To follow James' rules, there must be a break of 10 pips of the low of the reversal candle, which has not happened...in order to be a valid trade. the .6220 level is the beginning of a resistance zone on the weekly I might add.

james16 Chart Thread