This is a great strategy that is still profitable. Only thing needed was to figure out how the high/low of the day is calculated. I mean guessed.

AMAZING Strategy!!!

trade 11 closed — Just had my first non-winner in a while, which is good. Trade Direction: Short EUR/USD 5M Chart Entry @ 1.3170 Stop Loss @ 1.3179 TP1 @ 1.3153 About 2:1 RRR Here's how my entry looked: image Here's the aftermath. Notice ...

EmeraldEyes' Trading Journal

Here's a couple quick trades I took today on the EUR/USD using my new order-flow/hybrid method (still perfecting it). Green arrows show which candles I entered & exited on. First: +14pip profit. Trade Direction: Long EUR/USD 5M Chart Entry @ 1.3136 ...

EmeraldEyes' Trading Journal

sorry abt that. thanks for clarifying some nubcake. im still learning the structure. traex is noticing price action going to the levels where popular stop losses are and so am I. makes sense though, stop orders are potential market orders which add ...

A quite radical approach to forex trading

Great post dude, I'd say your post is true and hits home with my thinking. I like to think of it this way: How do our brokers make money? With the spread. More trades = more spreads paid = more money. Price isnt going to hang around a level when ...

A quite radical approach to forex trading

This is a cool concept but like Hedge said, it is inside el box. Since we're trying to take money from 'the herd' then where are most hopping in to the trade at? Dont know, dont care. But what other market orders do we all place after trade entry ...

Thinking Outside the Box!?!

Market moves where the orders are. Supply & demand.

Just lovely discussion :)

No lost money. They are very good at making money. Find out how they do this.

Who is buying here?

Newyear, thank you for making this thread and especially to the pros that contributed . I've been wrapping my mind around these various discussions since its inception and can now say I'm a much better trader because of it. I recently ...

Thinking Outside the Box!?!

Trade 8 Closed — Trade closed with +88pips This should be called "trade 1" as I approached this trade in a way I've never seen before with a result that was inevitable. I have found exactly what I've been doing wrong in my trades, thus ...

EmeraldEyes' Trading Journal

Trade 8 entered — I haven't been making many trades lately as I'm trying a new form of trading and view of the forex market all together. This is a practice run of that form. Trade Direction: Short EUR/USD 1H Chart Entry @ 1.3315 Stop Loss @ ...

EmeraldEyes' Trading Journal

Different timeframe traders and like nubcake said, companies & banks are still exchanging currency along with various strategies. I know you mean though.. what daytrader who is looking at the 1hr timeframe would even think about buying in that ...

Who is buying here?

newyear, I've been spending a lot of time as of late also trying to calculate an optimal take profit level with respect to risk given on the specific trade, yet I can't rely on any set ratio. I'm in the belief that RRRs, like the market, have to be ...

Thinking Outside the Box!?!

Here's a great thread by DS describing the forex market operations that I found extremely helpful.. http://www.forexfactory.com/showthread.php?t=7484

Thinking Outside the Box!?!

I just watched a lecture by Mr. Mandelbrot. Very interesting realizations that I've never thought about. Could you give a basic example or 'jump-start' on how you started applying fractals to trading for us? TIA!

Thinking Outside the Box!?!

Great post DS. I am looking forward to much more about this in your work. OP, I just got done reading "Fooled by Randomness" by Nassim Taleb. There's a pdf online of the 1st edition. Idk if its backed on here but it really gives a different view ...

Thinking Outside the Box!?!

Well its good to know there is much needed room for improvement and the best is yet to come. I think its called being 'green' right? It seems as though an idividual's perception of market movement (volitility?) varies greatly from one another. ...

Thinking Outside the Box!?!

Here might be something along the edge of the box.. Developing a very high probability method that can capture a 'lower' amount of pips on a consistant basis since pip value can be determined upon order size. ie; a 10pip move could be $10 or $1000. ...

Thinking Outside the Box!?!

Trade 7 entered — Trade Direction: Short AUD/USD 4H Chart 1 'lot' trade Entry @ .9560 Stop Loss @ .9632 Risk: 72pips About this trade: Sold at break of previous 4hr low/support area. I'm going a different route this trade and have been ...

EmeraldEyes' Trading Journal

I'm looking at it through currency amounts. For every dollar gained, there has been a dollar lost (w/o spread). Or how do you see it in that sense?

Thinking Outside the Box!?!