There is much more to Price Action reading than simply candle stick formations. Try to research a bit on price pattern breakouts around levels of significant support/resistance.

Where can I learn more about Price Action like those in James16 charts?

What did you base that short on if I may ask? Thank you.

USDCAD trend reversal?

What was fun Cesar?

USDCAD trend reversal?

Sure thing My Trade Plan: if that triangle bottom and 1.0550 gives way, it's an open door for a new swing down to 1.0500. If 1.0600 breaks to the upside, I remain sidelined.

USDCAD trend reversal?

It's been a long time I dont listen to market analysts. I have come to the conclusion that most of them got no freaking idea of what they talk about. I just listen to my own system and my own expertise.

Technical analysts are very confused

Man... the problem with newcomers is that they just dont have real expectations... someone above said that scoring a 10% equity increase per month consistently should be easy... If you could sustain a 10% equity increase per month, I'd recommend you ...

$300 Start up in a Mini a/c - What trading system could increase this to $1000/month

Every trader has his own tricks when it comes to identify trends. I personally use three simple moving averages: 30 SMA, 50 SMA and 100 SMA. Go ahead and plot them in different charts and different time frames - if they curl and twist and cross each ...

How to trade forex the right way ??

Least ranging? you mean most trending? that depends on market conditions in my opinion, not the cross in itself. However, the most volatile pairs are GBP-crosses like GBPJPY, GBPNZD, GBPCHF, GBPCAD and GBPAUD.

Which pair moves the most?

Very interesting quote, young Skywalker.

I need a mentor!

I checked the e-minis for a while and just couldnt apply my Forex-based Technical Analysis tool into it. I follow a trend-trading approach in forex (trendlines, Moving Averages, fibs, etc), but I found that range-bound tools work better in the ...

Who here trades Futures?

In the MT4 website you can download the manual and study it. Also, you can dive into already-made EAs and digest as much of the code as you can. But dont fool yourself, coding a somewhat worthy EA is a complex thing and will take a serious effort to ...

Are there any automated trading systems?

Hello Bill, Yes I see your point. It makes little sense. But what about the fact that risk is spread between 4 currencies as opposed to just 2? How significant is that in your opinion? Thanks for the chart man.

Interesting carry trade system

Hmmmm NZD interest rates increased to 8%... NZD-crosses are back under the spotlight!

Interesting carry trade system

I dunno mate, you tell me...

USDCAD trend reversal?

According to my system, any bounce down from the 1.0650 - 1.0700 area will have me searching for new short positions.

USDCAD trend reversal?

Hmm I think I was a little bit confused Hedge 1) Long AUDJPY (4 pip spread) and Long NZDCHF (6 pip spread) Hedge 2) Long USDJPY (2 pip spread) and Long GBPCHF (4 pip spread) Hedge 3) Long GBPJPY (4 pip spread) and Long NZDCHF (6 pip spread)

Interesting carry trade system

Vishnu, go step by step, one task at a time. I trade full time. My advice to you would be FIRST OF ALL try to understand and discover how to spot a healthy trend. You need to understand trends and how to profit from them before being able to move ...

How to trade forex the right way ??

Study all you can about trend trading, support/resistance levels and price action, and apply it to Daily/Weekly charts. You wont need more than a couple of hours per day. Forget trading anything lower than Daily charts regardless of the system if ...

No Time - Want to Trade - What are my options

Silly me, I forgot the spreads USDJPY = 2 pips GBPCHF = 4 pips AUDJPY = 4 pips GBPJPY = 4 pips NZDJPY = 6 pips NZDCHF = 6 pips Thanks again!

Interesting carry trade system

Thanks again billbss. Here we go: USDJPY, GBPCHF, GBPJPY, AUDJPY, NZDJPY and NZDCHF. Those are the pairs I'd love to see some hardcore data munched out. I do believe in Carry trade baskets, at least from a theoretical point of view. But I also ...

Interesting carry trade system