i like to get the bigger picture first. So if i look at the weekly charts then the spinning top tells me that it would not be wise to go long. So then i would go down to daily charts and see where i can get short. I see 2 possible short ...

The System (Irony included)

Ok i see what you mean and i cannot disagree with your analysis. The market needs to take out the 2.0585 level first before we can go long. If that doesnt happen then we are heading back to 2.0361 level and even lower.

The System (Irony included)

yes i took the pin bar.....took my profit.....then tried to go short...got burnt...so now i am long again

iandekoker's 5 profit target trades

i also got a loss. went short and then was taken out. the market is sleeping. No action. damn....lol

iandekoker's 5 profit target trades

My 1st profit target got hit so i am happy to start the week with a good winning trade. In the mean time it looks like price went down since open of frankfurt. so in 2 minutes london will open and let's see what happens then. Normally if you take ...

iandekoker's 5 profit target trades

Good morning to everyone. I also enjoy this thread. I am all about price action. It reminds me a lot of James16. I agree with Feb's principles. It is the way to go. I hope Feb doesnt mind me throwing in a few charts, in which i use Pivot Points to ...

The System (Irony included)

Here is my take on the week to come. There is a pin bar on daily charts of gbp/usd to i expect prices to go up again this week. My profit targets would be 2.0564 and then 2.0620. Let's se how this unfolds

iandekoker's 5 profit target trades

This is very dangerous and irresponsible advice that you are giving. Even if you think you are trading without stop losses you actually are......your account is your stop loss. Once you get a margin call then you know your stop loss has been hit.

The System (Irony included)

Ok lemme try and explain my logic behind risk/reward ratios. Forex is a lot like a casino. I can walk into any casino and play one hand of BlackJack. The casino only has a 1%-2% chance of taking my money if i play only one hand. Yet casinos make ...

The System (Irony included)

Thx for the post but i TOTALLY disagree

The System (Irony included)

Well it is different strokes for different folks. Some people like to play with bigger stop losses and other prefer smaller stop losses. All depends what your goals are.

The System (Irony included)

Lol...yes and i saw Elvis and the easter bunny last week I am not even gonna responde to anyone stating they cant turn 1K into 100K in a week. So enjoy the attention you get on the forum......

How I Turned 1k To 100k In A Wk!!!

Ok feb we will agree to disagree on using daily bars vs. S/R as places to put stop losses As long as every traders is comfortable where he/she put their stop losses then that is all that matters. In the end you wanna get out of a losing trade ...

The System (Irony included)

Hello I like your idea of using weekly pivot point. However i would like to share something with you. Maybe you like it. Maybe you dont. You use the weekly pivot points on the 4 hr charts. I have attached a chart to illustrate my strategie. Now ...

Weekly Pivot System

My friend i get the impression you are very tense here. Unless you provide us with a study that was done in recent years proving that women are indeed better traders than men, then you shouldnt be upset if people critisize this assumption you made. ...

The System (Irony included)

Here is just one example of why i would prefer Weekly S/R levels as stop loss rather than daily bars. In the first half of the chart i would use weekly resistance levels to place my stop/loss. On second half of the chart i would use weekly support ...

The System (Irony included)

Well keep us updated on your results. I am sure there might be something to work with

The System (Irony included)

Ok i got my answer. You prefer fractals and if it works for you then that is all that matters. If however you need better place to put stop losses then i suggest you use the weekly support and resistance levels. That will save you a lot of pips and ...

The System (Irony included)

That is a wild assumption...lol

The System (Irony included)

I have an observation to make about your charts. What you have drawn as support and resistance levels does not seem like support and resistance levels to me. It seems rather just like recent highs and lows that that market has made over a few ...

The System (Irony included)