While it's true that we're uptrending in the longer time frames, I'd be very cautions to enter any long until the retracement channel on the 4H chart gives way to the upside...

EURUSD

I have done a lot of studies and experiments in the past regarding scalpings techniques, more often than not using negative risk/reward ratios, and I could never reach any type of consistency. I'd score five winners in a row just to blew them out in ...

making a killing!! in this market

You can always try the old Martingale breakouts in the direction of the trend: you add up one lot per breakout in the direction of the trend while trailing the previous positions' stoplosses up one "segment". Every breakout equals to one lot added ...

Looking for extreme trading systems

Rather unclear picture on GBPUSD during the last two months worth of price action in my opinion. I see no defined bias in the mid-term scope.

Cable Update (GBPUSD)

In my opinion, we are at a decision-taking area on EURUSD from a T.A. point of view. Have a look at the EURUSD Daily chart below. It all depends on whether that channel bottom (1.4600) holds or not. Once again that's only from a T.A. outlook.

Did I miss the train?

Somehow, you can't help but feel sorry for these rogue traders - their desperation, loneliness and frustration, knowing that they're knee-dug into a lose/lose situation. Fantastic read, thanks for posting.

How to Loose a Billion ( excellent article )

In my opinion there are two main ways of building your exit strategy: 1) Pre-assigned targets, which usually use levels of support/resistance ahead of your entry point to pre-define your exits. 2) Reversal signals, triggering the exit when you get a ...

Exit Strategies

I disagree with this statement. MAs are not rubbish - trading in the direction of the MAs (whichever your MA setup is) will have you trading in the direction of the trend most of the times, especially if you plot few MAs together. Then simply trade ...

Tips & Tricks from the full time traders??

Price pattern (or rather breakouts of those patterns) can work moreless consistantly if in nicely trending markets and always in the direction of the trend. That's the way I trade triangles, ranges, flags, etc and more often than not they work just ...

Super Patterns

Switch the "art" part of the equation for "psychology" and I buy into it.

Trading: Part Science and Part Art

Whichever cross that is trending at that precise moment.

What pair you trade ?

LOL, that made me laugh

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

If due to holidays there's low liquidity on the market and there are no open offers between the spread, they cannot quote it to you. That's the difference between an ECN and a retail platform.

Linuxtroll Simple Scalping

I am butting around on Thanksgiving Day, no trading for me.

Thanksgiving Trading!

While I am not an expert in the LinuxTroll system (I don't scalp), there's a universal principle in trading that applies to all system: there are some days that the best trade is to actually not trade at all. In my opinion, it's just as important to ...

Linuxtroll Simple Scalping

I personally consider time-stops often in my trading approach. In my opinion, if upon entry price does nothing but to butt around sideways for hours upon hours on end I don't hesitate to close out and re-asses the situation. I see no point in being ...

Why oh Why ....

I personally see a number of contradictory signals between the shorter term charts and the longer term ones. I have hardly taken any trade this month, only +20 pips for the month.

BAD November?

Without getting too much into the whole debate, I cannot understand how anyone who has traded for a while cannot see that psychology is just as important as technical knowledge.

Psychology is nothing

What a very weird thread indeed

Psychology is nothing