this is something I am currently working on. I'm glad you brought it up. Yes, the most conservative thing to do is close the trade the moment the bar closes past the 72. I highly recommend this. It is the easiest way out and is emotionless and ...

Cornflower Hourly System

it's not just brokers, topgun, it's the whole industry. it's obvious where some stops will be placed by the majority of traders, and the big fish in the sea will try to take those stops out. When I say I use a visual stop it is this - If the 1 HR ...

Cornflower Hourly System

Cornflower ROCKS! — This thread needs to be back up top because this is one of the most powerful threads in all of Forex Factory. Felicia is a brilliant woman with powerful insights into the market. This system is still pure gold, as laid out ...

Cornflower Hourly System

the AUD/USD Daily chart — what we see on this chart is a legitimate entry opportunity. On the previous bar, price closed below the 13EMA. At this moment, price is back up above the 13EMA. So you can, 1) consider the trade triggered because of ...

A Method for Trading Divergences

AUD/USD trade setup — Okay, this is a live trade set-up using this method. this chart shows the AUD/USD Weekly chart. Notice the HUGE divergence... We will drop to the Daily chart to analyze...

A Method for Trading Divergences

template — here's the template I use, it's just the 3 EMA's and the 2 oscillators

A Method for Trading Divergences

The 4HR USD/JPY chart — The first thing to notice in this chart is why we didn't enter where the red X is located. Notice the CONFIRMATION shown by the two yellow lines, both traveling up. This is a warning that price had yet to go higher and ...

A Method for Trading Divergences

Daily chart of USD/JPY — This chart shows that USD/JPY has been in an uptrend since March. The yellow arrow shows where I became interested in taking a divergence trade. The yellow lines clearly show the divergence. I will now drop down to the ...

A Method for Trading Divergences

It's a great looking pin bar, piercing the 23.6 fib retrace and also major Support. If price were to break the pin at 106.55, then there's a good chance it would go further up to test the recent highs in the 108.50 area. However, I think it's more ...

james16 Chart Thread

okay, we'll see how I'm doing here. I identified a divergence on the daily chart which says to me that there is a long bias for gbp/jpy at the moment. on the hourly I saw a correction and entered on the break of the set up bar. my entry is the green ...

A Basic Trading System (BTS)

I am completely banking on that fib retrace right now. it's going south for sure in the long run, but I see a major bed of support right now at this 214 price level. my thought is that we're going to break the 5 min chart downward trendline to the ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

I have a fib drawn right now from the Dec. 26th high of about 228.30, which is the last major peak on the daily chart I use from oanda, down to the recent low of about 213.50. the 38.2 retrace is around 219.00. there is a major downward trendline ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

effi, i for one am highly interested in when your new website might be ready for viewing???

EMA 25-50 Trading System (Detailed)

oanda lets you trade 24/7, but the spreads are higher from 4:00pm friday to 8:00 pm sunday, eastern time. I saw the set-up this afternoon from the Friday close and liked it, so I ate the 10 point spread. It was up +20 before the market technically ...

EMA 25-50 Trading System (Detailed)

163.40 will close out before bed because I don't want any nasty London surprises when I wake up to start my Monday off

EMA 25-50 Trading System (Detailed)

lol, i hope you're right 'cuz I took this trade six hours ago! my stop is at 164.40. I'm watching it close and will probably close it before I go to bed. right now it's hanging out at about breakeven... the 25-50, put to the test...

EMA 25-50 Trading System (Detailed)

I like the 4H because the stops aren't as big and the signals come more often. however, effi has said that using this system on the daily is very powerful.

EMA 25-50 Trading System (Detailed)

you need to read the whole thread to find this out. it is confusing a little bit on the first page, but it has been clarified that we are looking for a candle to CROSS the 50ema. it opens above and closes below or vice versa.

EMA 25-50 Trading System (Detailed)

okay morfeo, i'll take this one on. First off, re-read the system rules on page 1. The stochastics are used for EXITS, not entries. Bollinger Bands aren't even mentioned, and in your scenario if anything they are showing a bounce UP off the lower ...

EMA 25-50 Trading System (Detailed)