False signals — Hi everybody, I watched a Stephen Bigalow webinar yesterday. Here's a bit of info he gave that may be of use to us: When we have a market in a tight range (ma going flat) he suggested that we should use a 2ema together with the ...

Daily Chart w/ 10sma

H4 Entries — Not much happening on the daily - but the 4hr charts look promising and could lead to trades on the daily Here are some on the 4hr charts that may be worth following up GBPAUS - short AUDCAD - short EURGBP - short AUSUSD - short ...

Daily Chart w/ 10sma

Hi Judy, Thank you for the explanation of your use of your ma's - logical Using the 3/10 ma cross ties in very nicely with BK's cross of the 10sma Personally I use the 8ema - and use the same trading principle as BK I do not like giving back too ...

Daily Chart w/ 10sma

Hi FaRa, Like you , I think this pair is in a trading range just now - but who's to say that it will not breakout although the odds are that resistance will hold The 4hr chart builds the daily chart and the 4hr chart now shows price was rejected, ...

Daily Chart w/ 10sma

multiple ma's — Hi Judy, Very nice How do you use your ma's? Do you look for the 10 and 21 ma's to start running equi distant from each other indicating a steady sustainable trend, the wait for price to break above the last nearby resistance ...

Daily Chart w/ 10sma

Hi BK, Great system, well done Maybe you could consider refining your entries and exits? Entries ie do not take a new trade unless its from an area where we expect a price to start trending Where do new trends start from - 1 After a period of ...

Daily Chart w/ 10sma

Probably Go Market competition................................... And some people are never happy unless they are complaining - HAPPY NEW YEAR!!!!!!!!!!!!!!!!!!!!!!!!!!!

GoMarkets Discussion

Lower Timeframe entry — PS Another benefit of using the lower timeframe for our entry is: When we open a new trade, this is the most dangerous time for our trade - as we do not know if our trade is going to be a winner or a loser So proving it ...

West and East

Scalping?? — Hi Mavricos, I hope you do not think that I am trying to hi-jack your thread - I was not referring to scalping I was only offering an opinion on how you could get a better entry with the associated lower risk - offering the ...

West and East

Reversals — Hi Mavricos, As you are basically trading reversals................ You will get better entries and exits if you drop down a timeframe when you are expecting a reversal, ie. price approaching a S/R level or your favorite indicator ...

West and East

RSI — Hi Mavricos, Maybe this will help answer your querie regarding RSI I use RSI(9) I find that if I have a stable up move, the RSI trace tends to operate within the 60-70 RSI levels If the trace goes above 70, it is best to trail a stop ...

West and East

Gee I never thought that Multiple Timeframe analysis was so complicated - thank goodness I'm a simpleton I have found that recurring candlestick patterns work very well with multiple timeframes when used with various forms of S/R etc My basic belief ...

Illusion of Time(frames)

Colored Printouts — Hi MPP, Thank you for the solution . Problem solved Easy when you know how. I'm a long time share trader, now giving Forex a "shot" I've just read through this entire thread and would recommend others do the same - what a ...

MT4 navigational tips and techniques

Colored printouts (MT4) — Hi, Wow, just came across this thread to-day - what a great source for information I am new to Forex ,I recently opening an account with GoMarkets (MT4) I am having trouble regarding a basic requirement - in that I ...

MT4 navigational tips and techniques

Thank you EmeraldEyes - but unfortunately - I still have the problem I have a charting package for my stock trading and regularly print out colored charts - no problem I have not started trading with MT4 yet (but have done heaps of backtesting) , ...

Printing Out a Thread

Coloured prints — Hi, I'm new to Forex, and I use MT4 as my trading software I'm having trouble, in that I cannot print a MT4 chart in color!! The charts displayed on my screen are color coded, but when I print them - they come out as black ...

Printing Out a Thread

Indicators are only a tool, a very useful tool!! Some so called gurus trash them, because they cannot make them "work" - well that's their problem In trading we basically look for repeating patterns and use them to our advantage These patterns can ...

Debate on technical tools

Hi Kareem/ Gyula, Here's an application that may be of interest, that makes use of the RSI trendline to enter a new trend..... A great way to use the RSI trendline is to use it to identify price /RSI divergence Looking for bearish divergence in the ...

The RSI Trade

Hi Sharon, The RSI is pretty powerful when used "correctly", and does not lag as so many gurus say!. Anyway, if you have checked out the RSI S/R levels and find that they work for you - then multiple timeframe trading becomes that more meaningful As ...

The RSI Trade

Hi Sharon, The RSI can be used as a trend following system, where you are quite happy to give back a sizable portion of your profit in exchange for the possibility of hitting a much larger return than if you were just using it to trade an individual ...

The RSI Trade