Thanks Mike. Have you tested this and know it works correctly? I've used a few online calcs and they have come up with different position sizes for the same calculation. If this is a good one then I'll bookmark it. Cheers Simon

Silent Service Method

Wow Stefan that looks great. I'll definitely be testing this this weekend. What a great tool. Thanks for posting. Simon

Silent Service Method

Cheers low. I'll give Oanda a try.

Silent Service Method

Thanks for that. I'll try it out. My account is in USD so I would just divided the no of micro lots by the current GBPUSD ask price to give me the no of micro lots for a dollar account. Don't the pip values change over time though? So the pip value ...

Silent Service Method

I have also been looking for a short entry on these three pairs, but the size of the PB is holding me back from the GU and AU (looks pretty tiny compared with the previous bars), and then the NU PB didn't have a particularly strong close and didn't ...

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Thanks VB, but I don't think does what I'm after. I just need a calculator that tells me what my position size I need to give me x% risk with a given stop size on each pair. Any other suggestions greatly appreciated. Thanks Simon

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Position size calculator — Can anyone point me in the direction of a good position size calculator please? I've tried url and url but they give me different answers when I put in a GBPCHF trade. All suggestions much appreciated. Cheers ...

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Thanks nomask. That's helpful. As Chris mentioned a well, I guess it comes down to the circumstances. For me, I want to see a strong break of the PB (whether that's on the next bar or when the NY/London market opens), and I feel as though the market ...

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When price retraces down the pinbar without initially breaking it and then doesn't take off for a few bars, don't you see that as a sign of a loss in momentum? i.e. in this case, there aren't enough buy orders coming into the market to show any ...

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Indeed. After last night's retest of the 1.80 level price missed my SL by 4 pips so I'm still in. For me though the action just looks far too bullish with price banging its head against the 1.80 level and making higher H4 lows. I agree that ...

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Stop placement and analysis — I, along with a few others here, am in the GBPCHF short trade of last week's first H4 bear PB. I have two observations/questions: 1. Stop placement - I'm a firm believer of hiding stops behind S/R and round ...

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All joking aside, this is something that I continually struggle with. Ideally I'd have only my weekly PPZs lines on my charts, but here is what I have any why: Red dashed lines - weekly PPZs (our guiding light) Green solid lines - 2 fibs from ...

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So when price hits the TL will you then only move your stop to BE? Or will you then lock in some profit? I ask because if you were to add in at a break and retest of the TL wouldn't your stops all be just above the TL, thereby locking in profit from ...

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GBPUSD breakout — We've just had an implosion across many pairs and I'm wondering how to play the GBPUSD which is threatening a breakout of the range it's been wallowing in for a few weeks. My ideas are on the charts. Any thoughts? Cheers Simon

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We have a winner! Cheers Low.

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Daft Jing question — Apologies for the non-chart interruption, but I can't for the love of god work out how to draw a simple line in Jing. Is it possible? Being the generous soul that I am, the first correct explanation will get a smiley ...

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GBPCHF SHORT TRADE — I'm in the GBPCHF short trade off yesterday's H4 PB. My plan was to move my stop to BE when price broke through the 1.785 support and then to move it to above 1.785 when price broke the 1.780 support. I'm now questioning ...

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I agree, and I'll try and update it every few months for this thread. I wouldn't fancy trying to do it for some of the larger threads, like the behemoth that is the J16 chart thread though It might also be useful if the Word doc chart ...

Jankone M5 thread

Thanks guys. Yeah I went through the post again and cut and pasted. In fact, because my PC is a bit of a turd I couldn't just drag and drop direct from the thread into the Word doc, but I had to save all the images onto the desktop then drag them ...

Jankone M5 thread

Chart summary — Since this is a very visual method, I wanted to look at all the charts posted here again, and I thought it would be a useful reference source to have them all in one place. So, in case anyone's interested, I've put all of ...

Jankone M5 thread