I only pay attention to 4 types of candle stick formations, all of them reversal signals: - Hammers - Morning/Evening stars - Railway tracks - Tweezer tops/bottoms And ONLY when they bounce off levels of heavy support/resistance, like for example a ...

What are common candlestick patterns?

I have been toying around with AccuCharts and still I think MetaTrader 4 is superior and more versatil. Anyway, does anyone know how to get real time data for other markets (stocks, futures, etc) into AccuCharts?

FXSOL adds more timeframes to their AccuCharts

Unless you do your homework pre-release, news trading will kill you. Once price retraced from the first spike up (it basically couldnt break through an area of heavy resistance on the 4H chart), why on Earth would you enter long again? The chart had ...

My trade cockup - UK retail sales

The first thing I would tell anyone starting out in the trading business, specially those who are following the self-lecturing road, is that you're probably looking into a 2-year-plus commitment of full dedication before you can actually claim ...

Forex Resources - What made you a good Trader?

Forget pre-set systems and learn about trend trading and all the elements it entails (support/resistance levels, fibonacci, etc).

who knows profitable daily system

Long dollar, meaning short GBPUSD.

US CPI Jan 18

I am a little bit confused. Is that 11pm EST tonight wednesday evening or tomorrow thursday evening? Thanks.

jpy Interest Rate Statement

GBP and all GBP crosses (GBPJPY and GBPCHF) have been moving north since London opened up. This market just wants to head north regardless of news. Im looking to buy dips today.

GBP/USD PPI Report

Yup, we just went through a last-minute surprise rate hike so expect no modification for the next meeting. Moreover, the UK PPI is not a market shaker by any means, so... so there's no news trade today in my opinion.

GBP/USD PPI Report

I stated a 3% because it's the figure someone above recommended to the original poster. Be it a 1%, a 2% or a 3% makes no different as long as you are constant and, like I said above, have a positive win/loss and risk/reward ratio. The compounding ...

Money Management Percent?

LOOOOOOOOL !! PS: I just cant figure out how someone could be so dumb to fall for such scam. I mean, how could someone be so possible @%$@'ing stupid?

US trader ordered to pay back $35m

I seriously dont understand why everyone says that MM is the pillar of successful trading. It's such a simple stuff in my opinion: 1) Place the stop loss where it's supossed to be according to your technical analysis support/resistance levels. 2) ...

Money Management Percent?

Someone once explained me this phenomena, which I had noticed myself. The first one had to do with European lunch break time, when many intraday London-based traders close up their positions to go have a bite.

GBP Patterns, Facts, Trivia

As an intraday trader who focuses mostly on the London session: I scan all pairs offered by my broker seeking out for trending pairs (I mostly visualize trend by the angle of different MAs I use) in the 1H and 30min charts. I select those that ...

what's your daily morning research routine before trading?

I do believe that reading many books and/or trying many different techniques can be negative. In my opinion, the job of a trader is that of a brick-layer as opossed to that of an erudite. In order to make money off the markets, you need to spot ...

Can reading too many books be bad?

The problem with trading the spike is not the news feed or the automatization of the process, but rather finding a broker who is able to fill you in before the end of the spike. I have tried a few brokers and I just cant seem to find any quick ...

Trading inside the news spike

There is only one right trading decision on EURJPY at this time, and that's to stay out of the market. Seriously guys, trading EURJPY is too risky and unpredictable for the time being.

Daily EUR/JPY analysis

MIG does requote you like crazy but only during news. Forget news trading with MIG.

Who's you favourite for live MT4 broker?

I have been taking notice on the comissions charged. For a 1 standard lot (100,000$) trade on EURUSD, the comission is 6.4 dollars at entry and another 6.4 on exit. That makes 13 bucks, plus 10 dollars due to the 1-pip spread = 23 bucks per standard ...

MB Trading Futures - Introduction