So, if I do 1-month trades with zero leverage, how do I find my risk? You know... since it doesn't exist. ;-) (Note: I don't use R/R calculations nor do I trade a 1-month chart. I'm just making a point.)

EURUSD only

-shrug- It's because you're trying to structure variables that can't be structured. Waves can't be counted to any reliable precision. There may be 5 waves. There may be 8 waves. The only thing you can reliably predict is if there probably will be ...

EURUSD

Was that an actual heatmap that you colorcoded? I admit, the words you chose to use make you look like a madman but I actually get what you're trying to convey.

EURUSD

Unless you start your own brokerage firm I don't think you'll find enough saps to take that bet. We all know it isn't going down there and we all understand why. With that said; I'll gladly get in on it if you guys can find enough bears to sucker in ...

EURUSD

Agreed (in part). That's why I told him to try the Keltner Channels and buy/sell on re-entry into the the channel rather than trying to catch it when it's on the way out. The problem is that in a tightly ranging market the breakout is likely to ...

Simple Scalping

All MA's will 'turn the other way' when the price is moving towards them because they're calculated by the price itself. It hasn't crossed them so they'll still curve upward. On a lower timeframe there are a lot more breakouts and grinds in the ...

Simple Scalping

Sure... in a trending market with 100% of the moves in the same direction I suppose it might. It doesn't work like that though.

Simple Scalping

You're welcome.

EURUSD

I was stuck setting my stoploss. Got it in a second too late and it flew past it. This would've been an up day because I would've longed at the bottom tip and re-bought. Instead I got massacred and out way too late.

EURUSD

Fucking terrible week. Even if I try to reverse, naturally, it completely whipsaws 50-pips back.

EURUSD

Don't call it so soon. It's still hungry.

EURUSD

It's a slaughterhouse when news impacts things or it unexpectedly stops bouncing on the MA. Today was a strong trend day; the market didn't whipsaw much so it would have worked well. You'll eventually start getting a better idea of the trades you ...

Simple Scalping

Simmer down now. There's still more to it that requires 'feeling'(which is more than can be encompassed mechanically with a simple system because there's a lot more that goes into it). That's his edge; this is just a basic starting point that can ...

Simple Scalping

Those charts have volume on them. You're just not noticing what it looks like or looking at them close enough to see. I don't mean trading volume = spreading your trades out between multiple pairs. Volume is a property of the market just like ...

EURUSD

I'm at an empasse with these EUR/JPY shorts. It's still crawling up and I'm banking on another attempt at 1.1930(EUR/USD) and that this USD/JPY rally will finally face some resistance and dip from profit taking. I'm at the point where I'd be happy ...

EURUSD

If you trade at all; you trade volume. You just don't notice it yet. I would strongly advise that you pay attention to it because it is a very important piece of the puzzle. What I mean by that is that volume is directly tied into how the market is ...

EURUSD

Correct. You also can't use any leverage because it intrinsically shortens your available stop range before receiving a margin call. That's the tradeoff.

EURUSD

I feel the market took on way too much risk appetite over the weekend. It's not like things have improved much.

EURUSD

Part of the advantage is your rule of not taking 2 in a row. Generally; if you have a good entry the next one is more than likely to be crappy. This IS a negative-sum game after all. I'm not going to get into the other reasons why not taking 2 in a ...

Simple Scalping

Currencies are a commodity. They're a limited commodity. If everyone's rich then no one's rich and no one's poor and those without self control would consume to their heart's content in pursuit of a void they've been conditioned to fill out of ...

Simple Scalping