Here is my EURO trade for today. First of all, I saw the oversold conditions in the stochastic and also saw price coming back to retest the moving averages. These are my first conditions for a buy. I did see a small white HA candle which told me to ...

Gatsby Trading Journal

Here is the first trade that I took today. USDCAD 5m chart Notice the red box where I got in. I saw price approaching the 20 period moving averages and so I was ready to go short at the cross down. Looking at the higher time frames it was very ...

Gatsby Trading Journal

great job!

Trading from an Experienced and Successful FULL TIME Trader

I use defaults for my THV settings; keep posting and you will be able to PM me soon enough I trade different sizes based on my account sizes. My larger account i will not trade more than 2.5% on a trade or basket of trades. Any more than that I ...

Trading from an Experienced and Successful FULL TIME Trader

I use a pivot indicator but its only a daily; i dont use monthly and weekly. If you are going to use it make sure you are only using S1-3, R1-3 and the Pivot. The minor pivots arent worth having on your chart and all that can be adjusted in your ...

Trading from an Experienced and Successful FULL TIME Trader

Hello Web, thank you for the kind words. There are people who trade billions in forex profitably and so we do know there are legitimate ways to trade and there are legitimate brokers as well. I have never had an issue with withdrawals. Also, when ...

Trading from an Experienced and Successful FULL TIME Trader

Today was very choppy and just ugly but there was a nice set up post london close in New york and here it is. you will notice price kept coming up and hitting the 1.3543 area where I placed a blue line...FINALLY price broke up with great force this ...

Trading from an Experienced and Successful FULL TIME Trader

I dont like them. If you are trying to short off the 4 hour thats a terrible idea. The coral is green which means long trades only...and if you are looking at the daily chart....it keeps hitting resistance over and over and remember, the first time ...

Trading from an Experienced and Successful FULL TIME Trader

yes you can...with lower time frames its essential to have GREAT areas...triple hits and up are preferred...and if you get get the moving average and/or trendline at that same area thats even better!

Trading from an Experienced and Successful FULL TIME Trader

You are very welcome! I have no doubt if you apply it and trade accordingly you will succeed.

Trading from an Experienced and Successful FULL TIME Trader

Hey Johnny or shall i say chris lol! Glad to hear you are learning. On this gbpchf trade, yes there was divergence on the 30 minute but first of all, the level was rock solid and there was also the coral acting as resistance and the trendline. Thats ...

Trading from an Experienced and Successful FULL TIME Trader

Yes, you definately can, just make sure they are strong areas....double hits at an absolute minimum! Also to have other confluences is highly recommended, such as moving averages (CORAL) or trendlines, and of course the arrows.

Trading from an Experienced and Successful FULL TIME Trader

Hey guys - if i miss your question please repost or just private message me. I do try to answer them all but sometimes I get a little behind! Thanks

Trading from an Experienced and Successful FULL TIME Trader

Hello Kirkland! Remember the time frame you are looking at for the arrows (15 minute in this case) the coral MUST be the same color as you are trading. For example, because this trade had a red coral you would only look to SELL this pair and the 30 ...

Trading from an Experienced and Successful FULL TIME Trader

hello cmz, could you please clarify for me what you mean by auto switching strategy? and 'automatically' identify consolidations and trends. The only way to really find a consolidation is with the naked eye and trends are usually pretty obvious by ...

Trading from an Experienced and Successful FULL TIME Trader

Mohen, it depends on your brokers...I have brokers that when i place an order they allow me to enter a stop with my market order, while others I am forced to enter after the new position is taken.

Trading from an Experienced and Successful FULL TIME Trader

Hello Goin, this was definitely a tougher week for set ups but there were still several on the 15 minute charts which I have just posted. I did trade alot off the 5 minutes as this week was very nice for those set ups....there were many to be had, ...

Trading from an Experienced and Successful FULL TIME Trader

In our next example I'm showing you one of the rare instances when a trade does not work. This is exactly why you shouldnt bet the farm on any single one trade!!!! You have a MASSIVE AREA that was being made over the course of 2-3 days and so you ...

Trading from an Experienced and Successful FULL TIME Trader

Another great shelf set up on the eurchf 15 minute! Again remember we are trying to find an established trend and a pullback to GREAT support where we can enter! Notice the circle here which has established great support....so on a retracement back ...

Trading from an Experienced and Successful FULL TIME Trader