Dollar collapse — Actually Van Tharp, in his new second edition that just came out, says something similar. He expects that the Fed will try to inflate the national debt out of existence. It can then be paid off with worthless dollars, while a ...

More Bad News For The Dollar

If you have to work during prime trading hours, you can either settle for less action during quieter sessions or go to longer time frames 4hr or daily. Using the dailies only requires maybe thirty minutes per day of looking through your charts. A ...

New system needed

Daily trading — Trading off the dailies is certainly possible, but you have to use very large stops and be prepared to take some fair size losses even with micros. GBP usually requires about a 70 pip stop, because of its propensity to go the ...

day job + trading?

Sounds as though you're taking the same trades that I am off the daily chart. I use a tri bollinger system with absolute fibonacci (for setting tp usually right on the money), elder ray and rsx. What are your decisions based on?

Anticipation of a forex beginner!!!!

Back in 2004 I think, most everybody was saying that the dollar was headed down and would crash. It didn't. Shortly after everybody (including Time magazine) decided that, the dollar went up for a huge rally. I think the same thing will be true this ...

What's your opinion on USD? Recession?

murrey math — Murrey redraws the lines to fit the market. This doesn't. It's a fixed framework. I look at them together because Murrey's interpretation is well known. Unfortunately the Left Brain book doesn't give a whole lot of info about how ...

What is your favourite indicator and why ?

Diagonal Triangle? — That's what it looks like to me on the daily. If so point 5 should be no higher than point 3 at 1.9176. If that's not true, the next stopping point would be at 1.9236. I think it goes down at one of those.

Cable Update (GBPUSD)

Absolute Fibonacci — It a method and proprietary indicator described in NiceGuy777's book "Left Brain Trading". The book incidentally is quite good in it's dealings with the psychology of trading. The framework is somewhat like the Murrey Math ...

What is your favourite indicator and why ?

Did you check the colors to make sure they will show on your background?

The tlatomi method

Initially with the Fozzy cross. Now I use the Triple Hull RSI (8), which is a bit faster than Fozzy and has the cross built in using Hull MAs. I have the indicator posted in the My Favorite Indicator thread. Just watch for the SHI and wait for the ...

The tlatomi method

Tlatomi is a bit slow for the daily chart. You would do well to use it on the 4hr time frame. I tried it on the daily, because I like Tlatomi, and daily is the only time frame that I can profitably trade. I still use the silvertrend dot, but the 5-9 ...

The tlatomi method

Triple Hull RSI — Sure thing. It does pretty much the same thing as Fozzy's MA Cross, but it seems to get there a bit quicker.

What is your favourite indicator and why ?

Silvertrend Signal — This is a hi -lo indicator. It gives a signal based on historic highs and lows within its lookback period and rather like the zig zag tries to predict the future. It's not more than 50% accurate and, you can't trade on the ...

What is your favourite indicator and why ?

If you look at the MACD, it's been divergent on all of the recent rises on the daily chart. The last rise barely made a ripple on it. RSX has also crossed down and is widening the gap. So I would guess down, (if I could actually forecast the market) ...

Shorting the cable (Is London Bridge Falling Down?)

I read all of those things in the books and Vegas about Asian chop chop and stayed away. I'm sorry I did. I've discovered that it can be very profitable. No you don't get 500 pip moves, but a reliable 40 to 50 is a lot better. Especially when you ...

Asian Session Fear

I replaced the NonLagMA pretty quickly with the LSMA with an Rperiod of 10. It signals on the daily pretty much in conjunction with the SHI. That was my first effort to eliminate the lag of the 5-9. I've moved beyond Tlatomi too, although it's still ...

The tlatomi method

You got the idea. I picked up on this because I'm trying to trade the daily charts. I have used Tlatomi on them, but the 5-9 crossover is a bit slow. A lot of the move tends to go by before you get in. I was looking for something that would confirm ...

The tlatomi method

Possible enhancement — I found this in another forum. It was originally created by Accrete. It works really well with Tlatomi. Put RSI(8) on your chart. Then the 8 period exponential moving average of RSI(8) (just drag the moving average from ...

The tlatomi method

Thanks for sharing — I have been working on a daily system too. I find that, when I try to trade the intraday charts, I rush too much and make bad trades. I much prefer to check the charts at the end of the day and make a trade then. I've been ...

The Daily Fozzy Method

Shi — basically the SHI and ZigZag are doing pretty much the same thing I think. They are both referencing past price moves to predict the future. I think Judex intended the SHI to be nothing more than an early warning system. The system ...

The tlatomi method