Trading times — I know that some of you here are in Europe, so you've got a head start on those of us in the US as far as making sure you can watch the European and US market opens - like this morning when I turn on my PC and there are three ...

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NZDUSD short — I've drawn the rising TL on my NZDUSD chart. Would you not be concerned about trading into this? I see price getting wound up into that triangle formed by the TL and the 50% fib (with probably a break out short ) Cheers Simon

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I see price has had some reaction to the 0.85 area in the past, and is currently messing around it. I agree that 0.86 would be a good place to see some short PA because of the strong resistance there, but do you factor in the 0.85 area at all? ...

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Have turned the PMs on now. So I take it you'd be more inclined to only move to BE as price approaches 7.5 then, especially since 7.25 is a bit too close to an entry around 7.15ish? I'm still on demo right now, but when you want to place a stock ...

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Thanks Chris! So in this instance would you be moving your stop loss to BE when price touches the resistance at 7.25 or would you wait until price touches the next weekly PPZ at 7.5? The PB isn't the biggest ever seen so I was thinking price might ...

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Stock trades — I've started to expand my trading beyond Forex and into stocks. I've just looked at all the daily pin bars thown up by www.stockcharts.com for the NYSE and NASDAQ on Friday and I've been trying to find tradable setups based on ...

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Chris - how did you manage the CHF trade? Did you just set a TP at the first daily S/R level? Or did you trail somehow? Cheers Simon

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Cheers Chris. So I guess you'd be out of the trade at BE after yesterday's big move up. Simon

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Thanks Drebin. So did you moveyour stop to the high of the previous bars and were taken out by Friday's move? Simon

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Thanks for the speedy response! So are you saying you'd wait until you get a daily close under the 1.08 level (and effectively ignore the 1.10 level) before you'd move to BE because it's with the trend? Simon

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I totally agree Chris. Trade Your Way to Financial Freedom is really about the process of how to create an effective trading system. Although it's undoubtedly well written, and there's stuff in there I haven't read elsewhere, I found that because I ...

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trade management — I took a short trade on USDCAD off the recent daily PB which was at a weekly S/R level and I thought was a decent spot to get into the short trend. I ended getting stopped out at BE because I moved my stop just before price ...

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There's a good to guide to fibs here: url Simon

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The answer to this is yes, sometimes, but not now . GMT stands for Greenwich Mean Time and is the time that London and the rest of the UK is on when not on British Summer Time, or BST. The UK is currently on BST which is GMT+1. When the clocks go ...

james16 Chart Thread

Not off topic at all. A PPZ stands for Price Pivot Zone, which is a significant area of support/resistance that price respects and which is formed by price flips i.e. bar lows meeting bat highs. For a great video intro to PPZs take a look at ...

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Thanks TF. I guess it comes down to determining tyrade management based on the information that you have available. So, if you're looking at a pair that is obviously trending up on the weekly and daily then you should treat short trades as ...

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Trends — I've just bashed through the whole thread and have been starting to demo CW's method. Thanks Chris for explaining everything here - I'm sure I speak for everyone when I say how grateful I am to you for taking the time. The one thing ...

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