The correlation is actually really low, if it even exists.

EURUSD

Im still short. Many people are long, and they will exit their positions as the market closes.

EURUSD

Momentum= moving many pips in a short period of time Volume= if there is a big trend, more traders have jumped on the wagoon. So there is much volume. so the bigger the momentum, the bigger the volume as well.

Difference between speed, momentum and volume??

Slightly OB on daily chart. Above tells us that we will not immediately see price decline, but maybe soon and for the being i would bet on a tight range (as volatility decreases during these hours), with a slight down trend, as long people take sell ...

EURUSD

I see you put lines for every possible trend on the chart. I can see its usefulness. i mostly use ob os levels for my trading, in conjunction with the current main trend, but not all lines you have conceived from all different direcion I guess ...

EURUSD

Yeah, i shorted when i posted yesterday. Though it ranged for a while, but it was bound to decline. Why did it range before it plummeted? Because, trend change usually occurs slowly, and not instantly, because market has to adapt to the new ...

EURUSD

It was a good short

EURUSD

I think they place these buy orders when news are released, for biggest impact. Catching traders that sold on the bad news for the currency, as well as misleading traders that the price is going up,even if bad news are released-attracting traders ...

EURUSD

My analysis: A very good setup right now on EURUSD to short, at 1.2345. Reasons: 1 1.2345 is a resistance level: because the current price level coincides with previous high, before the price plummeted. 2 Price has increased dramatically, as someone ...

EURUSD

do you have 91% winners, where average winner equal average loss in size? My strategy may be basic, but i guess you lack insight to realize what matters in trading. Its obvious, that so many lose while trading forex, since they dont even realize ...

Woo's Strategy

I will then just post my latest trading action 57 trades, where 51 were winners: url But but because of so much stress, im trying to theorize and write down every factor i base my decision on when i trade on gut feeling. Here is my work so far: ...

Woo's Strategy

its not bullshit. Everything is about Price action, and different timeframes analyses, and candlestick analyses, as well as news.

Woo's Strategy

you mean evereything else is bullshit? Its obvious, that if there is a down trend, and price, moves raaaapidly down, it will turn oversold. There will be sellers who take with their profits,and buyers entering on the beleif of a brekout. If there is ...

Woo's Strategy

Yea, this strategy would inevitably generate many small losses, and few very very big winners. However, im not sure what a complete oppositite system to a noob would be. I would appreciate help on this. The reason why i think this could work out, is ...

100% profitable method - tight SL, and large TP

Actually, i used the term averaging down completely wrong. Noobs: add to losing trades= averaging down. SO what you should do, is average up.

100% profitable method - tight SL, and large TP

The complete system, to do opposite of a noob is: 1 Large TP 2 Tight SL 3 By at high, sell at low 4 Adding to a winning trade. Thoughts: the positive thing about this, is that you start low, you only enter a small part, as you want to add to your ...

100% profitable method - tight SL, and large TP

Ok, i may have used averaging down completely wrong. Now that you mention it, your description of what average down means is true, and i just med mixed it up with something else. Lets forget averaging down. Losers do: adding to a losing trade so ...

100% profitable method - tight SL, and large TP

Well because im an expert scalper: here is my journal (where i use a compeltely different method, only based on PA) url I dont want to sound arrogant, but i think what makes me good is because im putting so much mental effort, ...

100% profitable method - tight SL, and large TP

Do you know why it works:BECAUSE: IF YOU DO THE EXACT OPPOSITE to what all noobs do that start trading, YOU WILL GET THE EXACT OPPSOSITE result. COMPARED TO A NOOB, WHICH SHOULD BE MORE DOLLAR IN YOUR ACCOUNT. this is pure hard logic.

100% profitable method - tight SL, and large TP