I tried to apply heiken-ashi to my trading system a while back but I couldn't make much use of it. I discovered that it sort of clouded my price-action reading. It looks fantastic on hindsight when there is a solid thrust to one direction, but in ...

S & R Cracked

I have tried the gang-trading thing, but it quite didnt work out unfortunately. You need all the people to follow exactly the same trading system, methodology and time frames, otherwise one of the folks points out a candlestick formation while the ...

So many systems!!!

All I know is that trendlines are pointing down in every time frame, moving averages are pointing down and we just broke a historical low... I dunno man, but it look rather bearish if you ask me So until that status quo changes, I will keep on ...

USDCAD trend reversal?

Hey Renasdad, if I remember correctly your were trading price action off support/resistance levels correct?

anyone need help?

Just like Fib levels, or round numbers, or trendlines or candlestick formations. You dont need the whole world to use one very tool to make it useful, just a healthy number of them. I repeat, I do know that many large players follow 50 and 100 SMAs ...

The 100 and 200 Simple Moving Average

I dunno exactly what difference you're talking about. Im referring to the high/low range for the day, which as an average for the last 100 days has been 120 pips (monday to friday, sunday excluded).

Cable Update (GBPUSD)

Trying to muscle your will into the market uh? ego is a dangerous characteristic when it comes to trading...

USDCAD trend reversal?

The GBPUSD average daily range (for the last 100 days) is 119 pips. I coded a small indicator to see this info on my screen.

Cable Update (GBPUSD)

Yet another clear example as of why I dont trade Fridays post noon (London time). Profit-takings does this every now and then. Scroll back in time and you will see these occasional 50+ pip furious spikes out of the blue around the end of London ...

Cable Update (GBPUSD)

Whatever happened to that interesting experiment Electric Savant was undertaking about a year and a half on carry trade baskets? It just disappeared.

Three way Hedge

Trust me if I say that we ALL made that mistake mate.

USDCAD trend reversal?

And the historical level just got breached to the downside !!!!

USDCAD trend reversal?

As of right now Friday 18th May London session, we have just slapped the 1.0930 previous historical low on the monthly chart. Let's see what happens from here? will the downtrend end? will we breach through into new lows? Whatever happens, I am ...

USDCAD trend reversal?

Based on what? a hypothetical bounce off the previous historical low on the weekly chart? another guesstimation? Im not saying it will go down or up (I dont know, no-one knows), but when making a claim like that to go long on the mother of all ...

USDCAD trend reversal?

I personally scale out of winners in two steps: I always have one pre-defined level mid-way through the swing where I take half the lot size out and move stop to even, letting the second half run to its full potential target. Scaling out of losers ...

Scaling out of losing trades...

What can I say guys, I am definitely too stupid to read between the lines searching for complicated moves to the upside. I dont know if a reversal is due or not. All I know is that my Moving Averages point down and I keep riding swings to the ...

USDCAD trend reversal?

So, basically, different grades of abandoned babies and evening stars correct? Aye I like to keep and eye out for them off resistance levels.

Dagny Taggart ~ 1 2 3

To all those going long on USDCAD: what exactly do you base your long entries off? is it fundamentals? is it CAD-aint-worth-this-much gut feeling? oil-related analysis? the previous historical low in May-06? or what exactly make you go long at this ...

USDCAD trend reversal?

I know for a fact that they do use the 50, 100 and 200 SMA.

The 100 and 200 Simple Moving Average

My recommendation to those who are starting our or simply seeking honest improvement is to weed out the noise here in the factory. Search for those posters you reckon as knowledgeable and filter out the rest. Follow those few who actually know what ...

People who don't know why it works..