Yes that is optimistic. I was hoping to trail it and see how far it could go. I normally use 1:1. I have a theory that, regardless of strategy, your chances of hitting your target diminishes exponentially, not linearly, the further away it is. Less ...

Price Action and Trading Discussion

BE hit. nzdusd SL hit. Looks like it might be reversing now but I have vowed I would never move my stops... Anyways, what do you reckon on this on the weekly? Big fat number and high going back to 2011??

Price Action and Trading Discussion

GDR3k, here you go, a trade the way you do it Edit, have BE.

Price Action and Trading Discussion

Going north . Eurjpy is neurotic. Re. nzdusd, pin bars like that are virtually dead certs - that has to come back down!! Your usdjpy long - did you trade off the spike that happened on 7th Feb?

Price Action and Trading Discussion

No but short on eurjpy. BE hit earlier with euro news, just re-entered. Also short on nzdusd. Negative at the moment, but that was a great pin bar yesterday. So, what do you reckon?

Price Action and Trading Discussion

I'm watching this. 170.00 broken

Price Action and Trading Discussion

Good luck, that's a brave trade or maybe you're seeing something I'm missing . Saying that, I'm eyeing up eurjpy and chfjpy for shorts, but then they are weaker than gbp.

Price Action and Trading Discussion

I see the supply zone looming on gbpjpy, but look on the weekly and last week was a perfect pin bar bounce off the 23.6fib. Just sitting on the sidelines .

Price Action and Trading Discussion

My problem. I'm still on forex

Am I Correct - Possible Put Trade?

Pullback is somethng I struggle with. Sometimes there are pullbacks, sometimes not. Do you set a pending order expecting a pullback, it doesn't happen and you miss the trade or do you dive in anyway, then you need a bigger SL and have to suffer ...

Am I Correct - Possible Put Trade?

I sometimes look on Henry Liu's site where he lists the upcoming events and what he considers to be tradeable deviations. What I think is the hardest part with trading news is SL/TP and binaries would take that away. Just a thought if you have fast ...

Am I Correct - Possible Put Trade?

How about trading news with binaries - can you do that?

Am I Correct - Possible Put Trade?

Maybe forex is easier! I still believe it's going down, there's a big weekly bearish engulfing candle as well as the break you showed above; just don't know when, lol. It figures that it will range for a bit after the big moves at the end of last ...

Am I Correct - Possible Put Trade?

Helloooo Muhammad! I see CONGRATULATIONS are in order! Well done Major support has been broken (2). It's going down. Momentum is still strong.

Am I Correct - Possible Put Trade?

As you say now it was only 20 pips from highest high to lowest low. Well, if you had said so before, I wouldn't have bothered either, but if that was on a higher TF it could have been hundreds of pips. Not that pips matter, but it does when you have ...

Professional Trading Strategy - student selection

TF does matter. I also use candlestick patterns a lot, but only on H4 and above. Any less and it's crap. Also smaller TF's hurt my eyes; they are usually a mess.

Professional Trading Strategy - student selection

It's difficult for me to talk in terms of pips looking at an M1 image as I trade mostly on the daily. For the daily I would wait for a close over a TL break and enter straight away or perhaps on a 30-50% retracement. As for the shorts I use 1:1 R:R ...

Professional Trading Strategy - student selection

I trade higher TF's but here is my take on your chart.

Professional Trading Strategy - student selection

Is there any chance this could be turned into a script or EA that opens a trade instead of an alert, with SL and TP? Thanks in advance.

Alert when Candle Closes above Certain Price

Then you'll get all the losers

Price Action and Trading Discussion