In my opinion there's only ONE way that has worked out for me: 1) Identify markets with healthy trends 2) Analyze levels of significant support/resistance 3) Wait for price to retrace back to those levels 4) If they hold the retrace and price begins ...

How to trade forex the right way ??

And people wonder why 95% of retail traders fail to succeed....

USDCAD trend reversal?

In a clear trending scenario, I usually exit half my lot size at the previous swing's high, move stop to break-even, and let the second half run to the swing's full potential target.

oversold / overbought ?

I remember when the EUR traded below parity with the USD not that long ago. Now it's worth over a 30% more. Never say NEVER when it comes to the market.

Lets talk USDCAD

Those figures have been reduced GREATLY as of the last few months. EURUSD moves around 70 pips/day nowadays, USDJPY about 80, EURJPY about 110, USDCHF about 80, GBPCHF 135, etc. I have my own indicator for looking into the Average Daily Range for ...

Currency pair recommendation wanted

Reading this thread I come to realize how utterly little I know about indicators. I have never used them. To us price action traders indicators seem like a foggy mystery

Understanding Indicators

You know what I do? I enter a demo trade before entering a live trade to figure out the exact pip-value on that particular cross at that precise time.

How to calculate amount per pip

Holy mother of sweet Jesus... that hurts! Read the comments rolling in the chat box: "FUUUU*K", "WHAT THE F@CK HAPPENED THERE?, "F@CKING SHIT!!!", and so on. Oh man...

News Trader proof of profits?

It's funny, but I have studied many different systems, methods, tools and points of view throughout the last years. But, ultimately, nothing has worked as well for me as my own system which is the one I trade in my live account. I have demo'ed a ...

Who/WHAT do you trust?

I'd agree with EURJPY probably being your best bet: tight spreads, 100+ pips ATR for the day, non-correlated with GBPUSD, high-volume currency.

Currency pair recommendation wanted

A trend-following system that "only" trades 2.25 times per day in one currency pair? is that hardcore scalping off the 1m chart I guess?

Currency pair recommendation wanted

I only have ever mentioned 3 MAs: 30 SMA, 50 SMA and 100 SMA, which are the only ones I trade. I seek confluence of levels of support/resistance between the 30 SMA and 50 SMA, and upon bounce I zoom into shorter time frames to read price action ...

Follow the trend!

wrong market guys, chicks dig TEH FUTUREZ !

Follow the trend!

What does it matter what the text book says about what is a trend and what not? what matter is to know when you have one in your charts, and how to understand its intrinsic health. Trading is not about philosophy. It's about making money.

Follow the trend!

Since you asked... 30 SMA, 50 SMA, 100 SMA... I'll let you explore how they can point out a trend's overall health and how to profit from independent healthy swings...

Follow the trend!

Hi again guys, I have been looking at the manual but Im just too stupid to get it working. I am basically looking for an ATR indicator (or Average Daily Range indicator) that discards the sunday bar.

Avoiding sunday bar for indicators

GGRRRR I have not been able to find a decent entry signal according to system this week on either USDCAD or EURCAD. It sucks to see the train leaving your behind!!!

USDCAD trend reversal?

I wouldnt be so quick to call trendlines superior to Moving Averages as a trend indicator. I certainly prefer MAs myself.

Follow the trend!

Watch out, CAD interest rates coming out shortly!!!!

USDCAD trend reversal?