1/4/08 charts — Here are the charts for why I want to Short AUD/USD and Long USD/CAD.

DRICK's trading Journal.

Trade and what to look for next week — Here are trades I want to place and what I need to watch for Sunday afternoon 2:00 PM PST. 1) Go short AUD/USD S/L 0.8836 (Price penetrated 55 SMA at 4HR chart). 2) Go long USD/CAD S/L 0.9921 (Price ...

DRICK's trading Journal.

Possible reversal? — Here's what I see in the 1 HR charts. Price penetrated lower BB (BB%) twice but the CCI is weaker on the second: A Possible Bullish Pattern. Regards, Rick

Daily PIN Bars

Possible reversal? — Well, here are two charts: GBP/JPY and USD/JPY (1HR) that may signal a reversal. Both have the same pattern where price went pass the BB lower bands twice (BB%) but CCI showed the second is weaker than the first. The 4HR ...

DRICK's trading Journal.

No trade today — I don't see good trades right now for me. It is hard to trade a trend continuation like GBP/CHF and EUR/GBP: See attachment. I guess, I have to wait until next week. So, this time is well spent analyzing charts. Take care, Rick

DRICK's trading Journal.

I was in FRY's and it had a long line for returns. I skied last Wednesday and had a good time because of less people in the lift. I'm in a mall right now and it looks empty except Best Buys...my kids are using their gift cards. Rick

Dollar Bull in Q1?

Well, here's my way: First, decide how much of your capital you're willing to lose. (% wise). Steve use 1%, so 1% of $1000 is = $10/trade Next you have a micro lot that will cost you 0.10/pip on the pair (example) so the maximum pips you can lose ...

Steviet's Live Trades!

My Affirmation — I have this affirmation for my trading: 1. I am a disciplined trader. 2. I trade only profitable systems. 3. I use tools to increase my efficiency and profitability. 4. I follow specific set of rules and stick to them. 5. I ...

DRICK's trading Journal.

John Bollinger has a book, "Bollinger on Bollinger Bands". There he explained 15 Basic Rules and rule # 15 is " Tags, of the bands are just that - tags, not signals. A tag of the upper Bollinger band is not in and of itself a sell signal. A tag of ...

Let talk about Bollinger Bands.

I voted NO it's not a requirement. But I do believe it is part of trading.

Is losing a requirement to be successful?

I like to do simulations first and then forward test it for few months. Only when I see constant profit on weekly or monthly, then I use it.

Poll: system due diligence

I saw a presentation for Freedom Rocks and it does not just buy EUR/USD and USD/CHF only. It also requires to place a buy and sell orders and when the price hits one of the orders, the number of lots change and new buy and sell orders are set again. ...

HEDGE looks good

Thanks — Tahnk you TESLA.

Need Help: Indicator parameter adjustment

Dr. Steenbarger has another book, Enhancing Trader Performance: Proven Strategies From the Cutting Edge of Trading Psychology. Excellent book which I highly recommend. Rick

A Self-Help Crash Course for Traders

Reload MT4 — I had the same problem with my MT4 from MetaQuotes. I just went ahead and re download the MT4 software from them and it started working. Maybe one of your indicators might have the virus. Good Luck Rick

MT4 weirdness continued...

Entry is a skill — Hi eurusdtrader, Thanks for the compliment but I owe it to your system. When I started looking into Forex, around Jan. 2006, I was looking for a perfect system that will give me a perfect signal. I was wrong. I beleive an ...

EJ_4H method

Great system — I followed this system since Nov 2006. I did a lot of simulation and forward test it, using demo account until Dec 2006. Live trade it since Jan 2007 and my account has been increasing since then. This system fits my personality ...

EJ_4H method

TrunkMusic6, Since you did the backtest and now forward testing this, you should give it a name because it is your system. Keep us posted on the result and good luck. Rick

Did I just create my own very simple system?