- Search Energy EXCH
-
smikester replied Mar 19, 2010Just added to my shorts at this swing high. This pair has been kind to me this week.
EUR/GBP - What a great pair to trade!
-
smikester replied Mar 19, 2010I — Liking the bear flag - thanks for the heads up Wormboy and there's one on the daily as you probably know and this could lead us to the break out area of the daily at 1.34. So I have set shorts at 1.3585, sending you the bill if it fails.

The WoRmHoLe
-
smikester replied Mar 18, 2010Hi Matt. I think Razor's answer is spot on and I would like to elaborate. As you know the DIBS trade is essentially a break out trade. I have studied various break out strategies but the inside bar is a compression or squeeze break out strategy and ...
Daily Inside Bars
-
smikester replied Mar 18, 2010Big questions needing big answers. I would refer you to the eminently readable url above. Money management is the key. Stay in the game. Otherwise you don't get to learn all the other golden rules. I think PeterFM should get an award for writing ...
What is the key to sucessful FOREX trading?
-
smikester replied Mar 18, 2010Hi barehand
I do all the things you mention but sometimes I get a pencil and a squared pad and open the strategy tester in MT4. I then use the f12 key and try to make millions on paper. :nerd:It's good practise. I'm not really a :nerd:I'm a ...What will you do when you were waiting for confirmation signal?
-
smikester replied Mar 18, 2010I don't have any targets like you describe. I usually set small trades on intraday charts where I like the daily or weekly set up. I usually have a take profit figure for a portion of the trade and if at all possible I let the other portion run with ...
What Is A Reasonable Daily Target?
-
smikester replied Mar 17, 2010I am sorry you to hear you are so unhappy. Are you using a broker on Forex Factory's list? If you get good at trading I can assure you that you will be grateful for the existence of brokers.
Is Forex only a scam
-
smikester replied Mar 17, 2010I would say it is a matter of personal preference. Most traders would use candlesticks or bars because they give more information. Sometimes a line chart gives you a different perspective. Do you know something? Answering these questions helps me ...
Line chart or Candle stick for Support/Resistance
-
smikester replied Mar 17, 2010My most obvious observation is that you are shorting an uptrend. My take on pin bars is that the best are at swing lows in an uptrend, so that we take them in the direction of the trend. I can also see support levels below your pin.
james16 Chart Thread
-
smikester replied Mar 17, 2010I think we're gearing up to go long the dollar, especially EUR/USD. I have shorts waiting at 1.34. I may add shorts on the way down there, like 1.3750 It doesn't seem that long since I was posting 1.7 for the Euro on this thread, LOL, so don't take ...
Cesarnc's market talk, gossips, rumours & fun
-
smikester replied Mar 17, 2010Four previous bars hitting resistance at .9050 They were: Hanging man Bearish outside bar (off a swing high in a downtrend) Pin bar off rejection of .9050 Bearish inside bar Chart: image I am looking for opportunities to short this pair. I had ...
Daily Inside Bars
-
smikester replied Mar 17, 2010Opportunity knocks — Hourly inside bars on GBP/CHF and the inverse EUR/GBP. I'm only taking the EUR/GBP because the spread is much smaller. Bearish on this, as usual.
Daily Inside Bars
-
smikester replied Mar 16, 2010I like to see 2 periods of ATR. One is recent, for example ATR(14), and one is a useful average - ATR(200). ATR can be useful for calculating stop losses and take profit figures. This is a simple reply to a simple question because there are times ...
Suggestions for Optimal ATR Periodicity for SL and TP...
-
smikester replied Mar 16, 2010The New York morning session can be difficult to trade. This is mainly because London/Europe is closing but also major news releases occur at this time. Try trading the New York afternoon session. Consider trading daily charts. I know it's not as ...
Forex Movement Timings Question?
-
smikester replied Mar 15, 2010What? The pig?
That book I mentioned, Cesar is the third in the Godfather series and it's called Omerta. I am enjoying this story. Do you read in English or a Portuguese translation? I have not read the first two. I saw the films, of course. ...Cesarnc's market talk, gossips, rumours & fun
-
smikester replied Mar 14, 2010Try only entering those trades where the ma's have crossed but the next bar open has moved away from the 18. This rarely happens in consolidation. Put a market order at the peak of the bar. Put your stop loss at the 18ema line. Only take the trade ...
Filter of EMA
-
smikester replied Mar 14, 2010Just press f2 in MT4 and import whatever you want from the metaquotes database. I'm not sure if memory is a consideration here as I'm not a computer expert. That will be £10.00 please.

Historical 5 Min FX data