S/R lines will show on all the TF's, as they depend only on the price. I don't consider them chart patterns but more like price action. And they are probably the only technical indicators which can be traded profitably.

Why a chart pattern fails?

What is a chart pattern? Simple, a number of candles which appear in a certain order. But for this you need a certain TF. Go to another TF and you will not see the same pattern. As there's a very big number of TF's, from 1 tick to a month, at every ...

Why a chart pattern fails?

How is this working for you, are you paid to post useless texts?

Trading Successfully

No.

Optimized Risk vs Reward Equation

You lose 50 and win 47 because you start from -3 and have 50 as target.

50 pips candle system

All the traders have heard from the "gurus to be" that they must cut their losses short and let their winnings run. What does this mean? It means that they will have more losses than winnings and the only way they can profit is to win more than they ...

Risk Reward Ratio is not used for making money

Considering the post of Blackeagle, I must repeat that 50 pips in February were only noise because the volatility was more than double as it is now. I'd use at least 100 pips for a bar in February.

50 pips candle system

You adjust your TP according to the size of your SL. ATR should also work.

If you use a breakout model, how do you determine your TP and SL?

A good SL is at the other end of some previous candle. There's no perfect TP target but it should be big enough for a R:R bigger than 1 and don't forget to take some partial profits.

If you use a breakout model, how do you determine your TP and SL?

@Razor_trader I don't use this method. Nevertheless, I understand why some traders express their doubt and are searching for more. It insults my intelligence when someone says that this method is perfect and there's nothing you can add to it. My ...

The DIBS Method... No Free Lunch continues

ok, we'll let zebulon to set the most significant round price after the weekly open. Anyway, the chart will vary becase some broker will quote a price which goes over the 50 pips mark and others will stop at 48 pips and then reverse.

50 pips candle system

A good start price will be the weekly open. In this case everybody would look at the same chart, day after day. My 2 cents: Century marks, as 1.6700 currently for cable, have no meaning. Also, if you decide to use some volatility based average ...

50 pips candle system

This seems a good system but it has 2 points which should be addressed in order to make it more profitable. First, 50 fixed pips are not a healthy target and candle measurement. At the beginning of this year 50 pips were simply noise and I think ...

50 pips candle system

Maybe you didn't understand my question, so I'll rephrase it. Why is an inside candle so different from other candles and why is its entry point better, if the money come from the very long movements? If I must wait for years to have some profit I ...

Peter Crowns or TheRealThing: One Question only

May I be the first? Facts: 1. If one trader enters according to the rules he will lose 50% of his trades. This means that the entry is not better than a random one. 2. According to both of them, you must keep the trades as long as possible ...

Peter Crowns or TheRealThing: One Question only

It doesn't make sense, you'll introduce randomness in old prices and they are not random at all. At the end you'll have no market but artificially data which is neither random nor real. I suppose your strategy has some parameters, in this case ...

New Strategy Testing Method

A pure random walk means that any outcome is completely independent from the previous one and it is completetely nondeterministic. A pure random walk is a perfect coin toss experiment. Heads and tails have both an exactly 50% chance of occuring on ...

Inescapable Truths

I'm not against EMA's, I can't be against some mathematical function. I want to find out if they really work and I ask the traders if they can devise some strategy around them which works for all pairs on the long run. I have a system which works ...

Very accurate support and resistence play

It is great that you've made such an analysis but this chart is randomly generated. I wanted to show you that you will see exactly the same behaviour with your EMA's on a random chart. Look again how the 365 EMA was support and then resistance on ...

Very accurate support and resistence play

Thanks for your answer, you trade as I supposed, tipically support and resistance. Now, I would like your opinion regarding this chart. I use the same configuration as you do, EMA 365 is blue, EMA 150 is pink, EMA 25 is black. Do you see the same ...

Very accurate support and resistence play