you are on the right track there, the tops are made when supply exceeds demand and the lows are made when demand exceeds supply. why is this happening there? because large amount of sell or buy orders for some reason are located there. so how can we ...

Weekly Trend/Transition Flow

thanks for correcting me, a buy or sell stop, will trigger when price touch your price, after that, it will look for the best available price, and that might be higher than your price or better, but usually within the spread. a limit order will fill ...

Buy/sell STOP uses a normal or level2 quote on ECN/STP?

The selling pressure is too high to make any higher highs, even if we are on support right now and there is some buying. there is just a question of time when that range will collapse and we can continue the down trend.

Daytrading the US/overlap session

What I am looking for in a broker is fast execution. good trading conditions. low spreads. they must be regulated and have a bright history. I avoid dealing desk brokers like the plaque. any broker that have a bad reputation. any brokers that trade ...

Which Broker are you using and Why?

if you have a buy stop, you are telling the system to buy at your price or better, it will buy lower if it can. but that is not sure it can all the times. if the market is really fast and there is a lot of other buyers, there is a possibility they ...

Buy/sell STOP uses a normal or level2 quote on ECN/STP?

Yes sure, it's a sign of weakness and is something I always scan for. not on the lower time frames so much, but from the daily and up it makes more sense. your top chart shows a huge exhaustion bar. I bet it will be downhill from here. there is a ...

Weekly Trend/Transition Flow

Here is a nice tip for you. first, always use a stop loss! when price have gone in your favour the same distance as your risk. example; you enter the market with a 10 pip stop loss, then price go 10 pips in your favour. close out 75% of your ...

100/200 pip system

it depends on the market and time frame I am currently on, but usually I do about 4 trades a day on average on a 15 min chart. 1 trade on 1 hour sometimes none. on 5 minutes 10 trades

How often do u trade?

Here it is : We will use ATR value to set our take-profit and stop-loss level. Stop Loss level: (ATR Value*1.5 + Trade open price) + 10 PIPS = ATR + open price of candle that closed above/below, example 1.12978, + 10 pips Take Profit Level: (ATR ...

Calculate the TP using ATR

Hi Wattaman! What traders usually do when they are using Average true range, is for setting stop loss, that they have the ATR indicator plotted on the chart to begin with, then you see a number, what they do is they take that number x3 to get their ...

Calculate the TP using ATR

you should avoid trading during important news releases, like unemployment claims, gdp, interest rate based news, etc. (things that are red in the calendar) I wouldn't say that you should avoid trading for an intire day at any time. the only thing I ...

Which days to avoid trading?

What I have found out trading during the years is that trading, no matter what method is used is to buy low and sell high, like anything you would want to buy or sell, trading the markets is no different.the problem is that the markets are fractal ...

Someone talk to me about trading

Got an email from FXCM saying that they would charge me a fee because my trading account was inactive for a long period. if you ask me, thats just greedy! I instantly closed my account. good job fxcm

FXCM Discussion

I don't know but it's easy to just draw them by hand. draw one then clone the other, then you end up with the same slope, then just place them at the extremes where it looks best. usually it is best to place them where the most people will notice ...

Trading is as simple as ABCD

great work you are doing I will follow this thread

Dashboard Trading

Please! do NOT confuse binary options for investing! binary options is just gambling, there is no way you EVER! can be a long term winner. I hope this makes it very clear, stay away! the odds are stacked against you, just like in any casino. if you ...

Starting with Binary Options

a lot of vice words all traders should read this thread

Pound Trader Weekly Message

it's easy to look at previous data and see patterns, highs and lows, but when you are about to predict the future, you don't have a lot to go on, the market can change direction at any time, I believe you can predict the highs and lows to some ...

Top and Bottom “Buy Lower and Sell Higher”

Sure there are secret indicators. indicators individual traders have developed based on their own personal ideas and trading systems. they are not likely to share such indicator with the public, just because they don't want to risk their method to ...

The Secret Indicator?

Yes great help, thank you!

Ratios & Harmonics: a Different Way to Trade