I would like to use this example to highlight another important general point. Someone, on a similar occasion, not on this forum, pointed out that there were good opportunities for some swings inside the ranges. If you look at the range between the ...

The "You can't be serious" system

Nitethinker, Thanks, as usual, for your contribution. First of all, some of your comments are on the Asian session. What I did not mention in my choice of instruments is that if you trade the Asian session you may have more volatility with pairs ...

The "You can't be serious" system

Hey Skyf, if you do have a tried and tested system you are happy with, do not change! If you are interested in something new, or different (not sure there is anything new or different here, but anyway…) or for intellectual curiosity, by all ...

The "You can't be serious" system

"Phony how i come around more for the funny style than the "rich" content of your system" Are you kidding??? Were you not immediately impressed by my "magic" system? Was it because I failed to mention that I ...

The "You can't be serious" system

OK, I have talked enough I leave you with a really bad looking example (we established already that marketing is not my thing!) to illustrate patience and discipline and frustration and choices. This is GBPUSD 15m yesterday. And as I have been ...

The "You can't be serious" system

Next day (well, on Monday) you are back. Please go back to the chart in my previous post. You cleverly avoid the short trap and then the pair ranges again. Here we go again. Finally you have your BO on a long signal that breaks the ...

The "You can't be serious" system

Menu of the day: patience and discipline (and a bit more.) You need loads of both. Period. Trading is no casino entertainment. It is a proper job. It could be full time or part time, but make no mistake: everybody is out ...

The "You can't be serious" system

HA! Skyf, thanks. I will continue with my writing style. It amuses me and it helps to conceal that I know nothing about where markets are going!

The "You can't be serious" system

For those who are dying to know how the SMS applied on 1H would have performed last week but could not be bothered to find out for themselves, I have calculated (belatedly) the trades. Same settings and, crucially!, same warnings as I made in ...

The "You can't be serious" system

Instrument choice (focused on FX, here) What follows is a “brief” note on some ground rules that traders should be aware of when choosing pairs. Oversimplified as usual. Apologies to the expert traders. The most ...

The "You can't be serious" system

Nite, looking back at historical charts to re-analyse and test some concepts is always a good plan. If you took notes it is even better as you can see what you were thinking and looking at, at that time. Another thing I liked about your post is the ...

The "You can't be serious" system

Let’s have a look at the afternoon. image You could have gone long on the next break out of PP. The stop would still have been quite far and I would not have particularly fancied this trade. I would have passed it or, if not, took a BE. After ...

The "You can't be serious" system

Traps So, I would have waited to see what happened at PP and where are the sellers. Even so, sure enough, the sellers prepared a typical trap (in our trading room we used to call these “fishing expeditions”.) What a fascinating subject! I am sorry, ...

The "You can't be serious" system

I have a busy schedule today and I am not sure I will be able to post again in the afternoon, but your posts prompts so many comments! So I will try to squeeze as much “wisdom” as possible now. I will now comment on ...

The "You can't be serious" system

Nitethinker. First of all, thank you very much for showing your losses too. It takes courage to do so and it is a pity that most people do not do it, as I find that we can learn much more from losses than from wins. There are so many things that can ...

The "You can't be serious" system

After the break from the PP, the next basic target would be R1, which was never reached. Can we identify any “obstacles" that the bulls may find on their way to R1? My advice is always to look left. image And if you train your eyes, you could find ...

The "You can't be serious" system

Now let’s have a look at what would have happened if we introduced the basic PA levels we use here. image Immediately you would see that the first burst from the buyers encountered resistance at ...where? You bet, the Pivot Point (PP). Options: 1) ...

The "You can't be serious" system

I do not have much time today. I will focus on one example. Gold 15m. image SMS: it could have been a good day. One trade, long from about London open. However, look at how, in basically 2 bars, we would have given up all our profit and end up ...

The "You can't be serious" system

Now let's move to your EURAUD. I will comment on each of the points on your chart. 1) It depends if you entered on the “bad place” or not. If you did not, surely you have a better entry point below that Doji. Or do you? tricky: on the negative side, ...

The "You can't be serious" system

OK, nitethinker, my favourite student! Careful, though: competition is fierce! Let's start with GBPUSD. Here are my comments: 1) Yes, fiddling with trades is always dangerous and tricky. ...

The "You can't be serious" system