Advice by Mark Douglas — With Sho's method, we need incredible discipline to make it work. Here are some beliefs which Mark Douglas encourages in his book "Trading in the Zone". Being aware of them is one thing, but instilling them in us as ...

intraday trend trading with price action

Hi Francis, Nice comparison. What I like about the 15 min chart is the very small stop loss. I went short on a break below the pin at 1.5440 with just a 13 pip risk. I've closed 50% of the position for 65 pips and will let the rest play out with SL ...

Intraday price action trend trading

The 5 Fundamental Truths of Trading — Sho, I have read dozens of your posts since Friday after first discovering your threads and I have learned from them. Thank you. Also during this weekend, I finally finished "Trading in the Zone" by Mark ...

intraday trend trading with price action

Flotsom, I never risked everything that I own but I risked an amount which could have bought a small business or which I could have used to employ a extra salesperson to go out and grow my existing company. I lost that chunk of cash and it hurt ...

Risk your life savings

Are there any particular forums in which you published posts that I should best focus on to learn about orderflow? Any other pointers to good material are also appreciated. Orderflow is not something I have learned about so I'm starting at the ...

Stating The Obvious and The Quest For Wisdom

Scotty that has been explained many times, but you explained it (very clearly) in a way that helps hit the message home even more. Great post! Thanks Rob

Stating The Obvious and The Quest For Wisdom

Dan, your thread was recommended to me by my old trading mate Baz. I've been away for almost a year due to other commitments but am back here at FF to learn more from consistent traders like you. I like your simplistic yet effective approach to ...

DanUK Trend Trading Journal 2010

Double tops would be nice! Great to see you back Hussin. I, like most people, have watched the controversy in Iran lately. I hope everything is ok with you. Rob

Daily candle chart

Peter, Thanks for sharing your insightful analysis here. Good luck with all your trades. I'm also long Cable & the Aussie. Rob

Daily candle chart

Good call Peter ...and Cable breaks back up into 1.60.

Daily candle chart

Hi Peter, Welcome back from London. Very good point re: GBPLFX hammer on the daily. USDLFX daily seems to look less decisive. I shall be watching very closely in the morning. Rob

Daily candle chart

GBPUSD Weekly Volume — Nison writes; "one of the most important clues sent out by the market is volume ... the stronger the volume, the more the force behind the move"; and he talks more about volume used with candles in Chapter 15 of ...

Daily candle chart

There's also something very close to a double bottom in there.

Daily candle chart

Tone, nice GBPLFX chart. This recent episode in British politics certainly can't do anything positive for Cable. More ministers resigning as I type. Here's another view (GBPUSD) of a potential end of week target - 1.5750. Caution of course with news ...

Daily candle chart

Yes - definitely a loss for us. I hope he's OK & that he'll be back soon. 1.60's proving a tough one for Cable to crack.

Daily candle chart

So Hussin's on holiday sunning himself Tone! I wondered where he was.

Daily candle chart

Nice chart Baz

Daily candle chart

USDLFX — Hi Tone, I see a fair bit of indecisiveness in USDLFX daily right now. A retracement to 61.8 fib and now hovering below 50%. Although it presented a bullish engulfing on Wednesday, perhaps it was news today that left it pretty much ...

Daily candle chart

The making of the weekly GBPUSD candle — We have just over a day to go yet but the way things are moving, a shooting star on the weekly GBPUSD is looking quite possible. Similar on GBPLFX. Not so sure about USDLFX. Any thoughts guys? Rob

Daily candle chart

Hussin - Congratulations on your 5000th post — 5000 posts on FF reached today by the one and only Hussin. Congratulations on reaching that and sharing so much candle light. Rob

Daily candle chart