Dufoo, I do not trade during MAJOR RED TAG NEWS, such as unemployment, gdp, fomc, etc. It is recommended that new guys stay away from trading during all red tag news, or for that matter around it. Give the markets time to settle back down. The best ...

The 5 minute TF S&R trading system

Great chart. I was actually just going to send out a post about the CHF pairs. I hate taking positions over the weekend so I would certainly would have waited til tonight to open a position in this. Now here's what Im seeing. On this gbpchf you are ...

Trading from an Experienced and Successful FULL TIME Trader

thanks for the link! most of the books i read are actually available in pdf for free on the internet so if i mention them feel free to do a google search and enjoy your free books LOL

Trading from an Experienced and Successful FULL TIME Trader

Awesome thread! I love how you are reading price action. If I could add my two cents, what I have noticed over the last several years is that these patterns work out great...especially if you have other resistance or support on your chart at the ...

The 5 minute TF S&R trading system

hey Curtis, it really sounds like you are trading out of fear (closing trades early). Much of trading is emotional and that is certainly something you will have to conquer in order to be successful. I recommend reading "trading in the zone" by Mark ...

Trading from an Experienced and Successful FULL TIME Trader

I think we definately pause here....not sure if we are coming down...we are setting up a head and shoulders bottom on the 4 hour and if this level breaks gold could get ready to soar. Higher time frames are pointing to a move up no doubt. Plus we ...

Trading from an Experienced and Successful FULL TIME Trader

Absolutely a "gold" area, no pun intended LOL...once we break above it, i would certainly be looking for a retest! Great eye.

Trading from an Experienced and Successful FULL TIME Trader

hey Kirkland...just wanted to update you on the gold...it looks like it did have that breakout to 1238 that I was looking for and then pullback to support, which also happened to coincide with the coral moving average!!!! Now if it had not been for ...

Trading from an Experienced and Successful FULL TIME Trader

I always say, when in doubt stay out! i always look to higher time frames for divergences...if I see one chances are i will stay out unless i have support + trendline + coral all at the same spot...those usually work out (i need tons of confirmation ...

Trading from an Experienced and Successful FULL TIME Trader

please remember non farm payroll is in the morning and i am not taking any trades no matter how good they look until at least 30 minutes after the release!!!!!

Trading from an Experienced and Successful FULL TIME Trader

Hello Kirk, I have attached a chart to illustrate what seems to be going on here....it looks like a head and shoulders bottom is trying to appear on gold right now. Do you see the arcs on the bottom? i use those to illustrate the left shoulder, head ...

Trading from an Experienced and Successful FULL TIME Trader

hey guys, the hourly CHFJPY is hitting this 105.70-105.90 a 5th time!!! This is something to watch tomorrow into next week. A significant breakout and then retest of this level would be a great long, if we get it! Keep your eyes open!

Trading from an Experienced and Successful FULL TIME Trader

Hello Charvo - Here are my thoughts on divergences. ..when I started trading years ago I tried to trade them but since they are counter trend it seemed I always got the trade wrong. On the flip, if you can find divergences WITH the trend, they are ...

Trading from an Experienced and Successful FULL TIME Trader

here is yet another set up on the 15 minute chart from earlier. I want to show it for two fold reasons. First of all, notice the circle. I do not consider this the breakdown area as this is a tug of war at SUPPORT. Rememeber, we want to see a legit ...

Trading from an Experienced and Successful FULL TIME Trader

Here is a FANTASTIC support area setting up if we can break above it. This is AUDNZD 1 hour chart and i want to see a legit breakout above this level and a retest....confirmation on the 15 or 30 minute chart. There appear to be positive divergences ...

Trading from an Experienced and Successful FULL TIME Trader

Another simple set up here. notice the shelf that was put in and then price broke down and came back to retest the shelf and at the same time the moving average. Vertical support or resitance and moving average at the same level i would say works ...

Trading from an Experienced and Successful FULL TIME Trader

Excellent! Thats what I want to hear

Trading from an Experienced and Successful FULL TIME Trader

Okay guys here is a chart i was very carefully watching for trade set ups over the last day or so. I want to go over two potential set ups that popped up and give you a couple thoughts here on them and hopefully you can walk away with something ...

Trading from an Experienced and Successful FULL TIME Trader

Excellent! That trade is about as good as it gets, really. Good job! A few trades like that a week and you will do VERY well.

Trading from an Experienced and Successful FULL TIME Trader

There was actually some good setups on this late in the day on the 6th and going into the sydney open on the 7th. I REALLY hope someone caught part of this...i may attach a chart when i have time.

Trading from an Experienced and Successful FULL TIME Trader