Exactly, that's the way you play breakouts: you wait for the breakout to pull back and bounce back off the channel border that's been broken (target = channel width, but I personally aim for a 20% less for safety). Otherwise you'll be eaten by fake ...

Got 30 or so minutes to spare?

I am an internet-forum veteran. I have been an active poster in dozens of them for years, and I happen to realize that trolls (internet nickname for people who pester the forums without actually contributing with any decent piece of info whatsoever) ...

Good Trading This Week!

The trading psycology part is interesting, but the channel breakout technique is nothing specially really. It's not the way I personally play channel breakouts myself. His take of simply putting a buy-stop order few pips beyond each side the channel ...

Got 30 or so minutes to spare?

As long as the US keeps raising the interest rates or at least sustaining the rate differential gap between dollar and euro, the downtrend in the EURUSD (daily chart) will stay intact.

Euro Free Fall without Parachute to 1.10???

11th November 2005, 9:45am EST 777, Funny you mention that Head and Shoulders on the GBP, because I am stalking that trade too myself. Price broke down the neckline and it's now retesting back the neckline from below. If we get a bounce down off it, ...

GBPUSD

No. In my opinion, you DO need to develop a system with an "edge" and a relatively benevolent win/loss or risk/reward ratio. I do think that no matter how carefully your place your stop losses or how carefully you calculate your lot size, if you're ...

Is the "system" part really so easy to come by?

I'd like to comment on the triangle breakout shown on Jim16's chart above, as I believe it was a perfect triangle breakout pattern setup (I am a big fan of price pattern breakouts - wedges, channels and triangles mostly). Triangle breaks up, then we ...

james16 Chart Thread

While we're on the subject, does anyone know how to feed MT4 data into TradeStation 2000i? I cannot configurate Hyper Server nor Alpari's Global Data Server for the life of me to get real time feed

Anybody have esignal software

Ouch, he's lost a hell lot of cash is he is short on US$ from Jan'05

BUFFET Loses, It gets even better...

I wish you the very best my friend!!!!!

Just went Live

He has over 40 billions according to Forbes...

BUFFET loses $900 million on USD

That might be the reason I will never WISH to be as wealthy as him. You know why? because as soon as I score, say, 10 milions, I will enjoy my life to the fullest with my beautiful lady traveling to every single corner of this planet, scuba diving ...

BUFFET loses $900 million on USD

I wonder why would anyone with even 1/100th of his capital keep on spending his life trading/working instead of enjoying a well deserved retirement, specially someone of his age. I just can't get it why people extremly wealthy already keep on waking ...

BUFFET loses $900 million on USD

Bluemeasure, how did you deal with the choppy markets? From watching at the daily charts, it seems to me that the pre-2000 charts show trendier markets altoghether, but post-2000 charts are more range-bound, even on the daily. And MA-based ...

KISS MA systems that work on longer time frames

I dunno, I will have to keep an eye on this from now on and see for myself I guess. At this time, it feels to me like trading on action-reaction (aka emotion) rathen than on pure tech analysis. How you run any sort of backtest 777? how many of your ...

Golden rule: trade the trade!

Thanks for clearing that out 777. We all have had trades stopped out by the pip just to see it taking off our way afterwards. Murphy's Law at its best. However, if a stop is properly placed (few pips beyond a significant support/resistance level) ...

Golden rule: trade the trade!

Try to follow these learning steps for an indicatorless-approach: 1) Start off with trendlines (fan trendlines are my favourites). Draw them all across those blank charts in order to have a sense of the market's direction. The are the number 1 tool ...

Indicators?

Sorry 777, I am afraid I didnt understand your post. You saying that you re-entered the same trade at the same entry price after your first attempt at it had been stopped out? Could you please clarify it for me? Thanks!

Golden rule: trade the trade!

And paradogically it was right after a significatively less-than-expected NFP came out. I dont understand nothing anymore!

GBPUSD