haha don't know if you noticed but you have 666% returns.. nasty stuff ^^

Trading Without a StopLoss

Yeah as I said, price falls through those orders as all the trades are executed and reaches empty pockets of air below. that's when you are left with a buy order that's "high" so i don't see how what you said differs from what I said.

Trading Without a StopLoss

What is high and what is low can change within minutes if support/resistance (block of orders) breaks. You may think you bought "low" but once that price falls through those orders you are left with having bought "high" if you don't get out.

Trading Without a StopLoss

url last I checked it's gapped up 25 pips so far. still going up. 30 now.

Geppy's Geppy Thread (GBP/JPY)

I don't think banks can drive anything more than temporary intra-day movements - they only fill client orders. The real trends are set by the big players like MNCs, central banks, governments and other institutions.

Trading Without a StopLoss

The market is not the one doing it, it's other traders/institutions/market players who are doing it. The market is merely an "institution/entity" facilitating the exchange of these commodities/forex whenever an order matches another.

Trading Without a StopLoss

Short GBP/USD 1.63316. Exit if weekly candle closes above. Target: 1.153 (yes you read that correctly)

High Probability Trade Setups

Yes opening prices too! Especially tokyo, london and NY open. price might test those before breakout.

Why Simple is better in trading and Complex is not

Hmm candle closes can matter not because they are some magical thing but because of how market sessions are divided. Often mid-sessions you may get reversals, and another edge is to fade strong moves into the 30min mark of each hour, one hour before ...

Why Simple is better in trading and Complex is not

Honestly I don't think time frame matters. It's just data compression. Ultimately you are still trading price. if the trader uses H4 as his lens and spots the same set-up as you on m5, what's wrong with that?

Why Simple is better in trading and Complex is not

I never said M5 doesn't work, I use it all the time for intra-day.

Why Simple is better in trading and Complex is not

1) The market doesn't buy low or sell high - the market is a place for buyers and sellers to exchange goods/services at an agreed price (usually termed as the market equilibrium price). 2) How do you prove that technical and fundamental factors ...

Trading Without a StopLoss

H4 is only ridiculous if you don't know how to trade it I suppose (perhaps you haven't tried?)

Why Simple is better in trading and Complex is not

Just wondering, has anyone here tried stuff like reversing the moving average system in MT4 default, instead of buy you sell or any other newbie systems in general? The simulation always seem to generate a loss, makes me think that the reverse ...

Why Simple is better in trading and Complex is not

Problem with divergence is that it's after the fact. You will not know that price is going to turn at that area until it actually does, which means you will get a late entry, and in many cases, right after you enter, price can reverse on you and go ...

Why Simple is better in trading and Complex is not

To illustrate the zoom out point, previously there was a GBP/USD chart: image So once your entry failed, you are out at break even and you zoom out one TF. Here is what you see. image P.S. I was watching the market at that point. Price was ...

Why Simple is better in trading and Complex is not

Well, the thing is, I am wrong a lot too because price often blows past these areas, but as long as I am emotionally sane, I can get out at break-even. The key is, when you are trading a 5min chart, and you are wrong (i.e. price blows through your ...

Why Simple is better in trading and Complex is not

And my personal favourite: one that I will be watching closely...

Why Simple is better in trading and Complex is not