interesting chart. A pretty decent area...not A+ since the first hit was so long ago...but nonetheless it did drop about 100 pips off of that. if you are in it I would certainly have a breakeven stop by now. (you are probably getting stopped out if ...

Trading from an Experienced and Successful FULL TIME Trader

Hello Chengy - great observation here. Let me take it a step further. Its based on a break and retest WITH THE TREND. Dont forget that because many noobs love to go counter trend which is a losing game. The moving average is there for added ...

Trading from an Experienced and Successful FULL TIME Trader

i am loving how you are trading off this support and resistance!!! Remember, even without arrows, many times hits of areas that have acted as support or resistance for so long will yield very profitable trades! I would still use them until you are ...

Trading from an Experienced and Successful FULL TIME Trader

So glad to hear this!!! Yes some feeds will give different arrows; it wont really effect your performance but if you run both you may find more trading opportunities.

Trading from an Experienced and Successful FULL TIME Trader

LOL.

Trading from an Experienced and Successful FULL TIME Trader

There is no indicator as good as eye.mq4 LOL. In case youre wondering that doesnt exist, its those two things on your head! I would say learn to spot obvious areas on the 1 hour or even 4 hour for your trade set ups...after a while you will be a pro! ...

Trading from an Experienced and Successful FULL TIME Trader

Great job! I will say its not typically a trade I take but I will tell u this...if you get sideways action after a huge run like that and it comes back to the moving average (green line and especially with that many arrows) the result is often a ...

Trading from an Experienced and Successful FULL TIME Trader

Great! keep it simple and keep your losers smaller than your winners and you will do great!

Trading from an Experienced and Successful FULL TIME Trader

With it being a holiday week the markets have been very slow but there was one good set up on the eurnzd that I was able to catch so i want to go over this trade set up as it is a PERFECT example of what you should be looking for! Here is a couple ...

Trading from an Experienced and Successful FULL TIME Trader

If Anyone is watching the charts during the holidays theres really only one major area that Im watching that will likely cause a significant reaction so let me point it out and place a chart here. Please take special note of the chart with all the ...

Trading from an Experienced and Successful FULL TIME Trader

Thanks! thats what Im here for...if they want to harrass i have my finger on the ignore button LOL. As always, thanks for the kind words. I hope i can help you become the successful trader that we all aspire to be!

Trading from an Experienced and Successful FULL TIME Trader

Hello Happy! Please take note of the red coral. This indicates the trend is down and therefore you would be wanting to go short; I would therefore not take this trade. A better entry would have been IF price would have went up to about the 21.20 ...

Trading from an Experienced and Successful FULL TIME Trader

Thank you for the kind words. yes, you see correctly!!! Great eye! Those are exactly the kinds of set ups you want to see. A break above resistance (after 2 or 3 hits or even more!) and then the retest and an arrow at that level. Looks like up to 60 ...

Trading from an Experienced and Successful FULL TIME Trader

Glad I can be of assistance! let me know if i can be of further help welcome to the thread.

Trading from an Experienced and Successful FULL TIME Trader

Hello - Great Question! As far as money management is concerned, it depends on your risk appetite. I would say 1-2% is quite sufficient, however if you are trading a smaller account and want to trade 3% I wouldnt fault you for it. I would certainly ...

Trading from an Experienced and Successful FULL TIME Trader

Hello there Andy. Price action actually works better on higher time frames; normally the problem lies in with people allowing their trades to run. Most new traders have a hard time letting winners run therefore their risk:reward is off and they have ...

Trading from an Experienced and Successful FULL TIME Trader

Thank you. I'll try to keep some of the suggestions and nice set ups coming so people can see how well this works. Happy holidays.

Trading from an Experienced and Successful FULL TIME Trader

Love the input Torrent! I will definately keep that in mind. This thread is to help you guys so keep the suggestions coming! I will def work on that so its easier to understand

Trading from an Experienced and Successful FULL TIME Trader

very very nice eye on the support and resistance here...because we dont have a recent MAJOR level of support please make sure you have SOLID confirmation...such as arrows and positive divergences before you enter...I personally would not take this ...

Trading from an Experienced and Successful FULL TIME Trader

Wanted to briefly go over this gbpaud trade since i have a little time on this cold Christmas eve morning! First of all I pointed this out yesterday and I took two separate trades and I want to show you why. Check out the first chart. Here we have ...

Trading from an Experienced and Successful FULL TIME Trader