Hello and welcome to the new trading week! This one should be interesting at the very least... I've been quite cautious this morning courtesy of a certain referendum. I like to trade with my daily and weekly goals as the focus, and so anything that ...

Variant Perspective Trading

Thanks for your comments! I went through a time a while ago where I used naked charts (no indicators at all) but now find that, for me, they're useful as a decision-making filter but NOT in order to place a trade or generate trade ideas. Looking ...

Variant Perspective Trading

Time for a live example that I did take! The AUDUSD is presently in a downtrend on the 1H chart. This means we're allowed to buy low in the channel and sell high. This trade was a long at the price 0.76353. Macro There is some important trade ...

Variant Perspective Trading

Thank you for your kind words Sossos, system-hopping is something that I did a lot of early in my journey. I feel that the system an individual will trade best is one that he or she develops themselves. This is because they will be more likely to be ...

Variant Perspective Trading

I think you need to ask yourself why you're looking for divergence in the first place in order to be able to answer that question. Obviously you want some kind of signal that the price of whatever you're trading is going to move in a particular ...

Divergence trading discussion

Look up the concept of Volume-Weighted Average Price. This example isn't indicative of real liquidity, but let's say that across all of the market liquidity providers everywhere, there's 200 contracts worth of liquidity at a price 1 pip above what ...

What are the limitations of placing huge orders (such as a mil)

I think I actually died, this is far too hilarious.

Hilarious Video of 2 traders being interviewed about CHF

First trade for this week. I was busy during the Monday session yesterday but looking back it wouldn't have been a particularly profitable day regardless so I'm not phased. Entry price was 1.38701, not 1.38696 as on the chart. #1 SELL @ 1.38701, ...

Low Risk Entries London/NY Session

First and probably only trade for today. #1 BUY @ 1.38163, closed at 1.38214 for 5.1 pips and a 0.9% profit after commission. image Daily Totals +5.1 pips after 1 trade +0.9% profit after commission

Low Risk Entries London/NY Session

Final trade for the day. I forgot to change the entry and closing lines on the screenshot, it's actually meant to be 1.38254 and 1.38308 respectively. #2 BUY @ 1.38254, closed at 1.38308 for 5.4 pips and a 1.0% profit after commission. image Daily ...

Low Risk Entries London/NY Session

Here's a potential set-up that I decided not to take because of what I believe to be a sub-optimal risk to reward ratio. Ideally I'm looking for 2:1 at the very least, which this most certainly is not. image

Low Risk Entries London/NY Session

Yesterday's Daily Totals 3.7 pips after 1 trade +0.7% profit after commission I haven't had a lot of time to watch the charts tonight but did manage to sneak this one in earlier in the day, not long before the London open. Going to watch things ...

Low Risk Entries London/NY Session

Spent the last two weeks moving overseas so not a lot of time for trading! Here's the first trade of my first night back in action. #1 SELL @ 1.38202, closed at 1.38165 for 3.7 pips and a 0.7% profit after commission. image

Low Risk Entries London/NY Session

I had an opportunity to enter the market based on the previous set-up I posted. I could've made a lot more on this trade but because of the fairly strong downtrend we've experienced so far today I was reluctant to take too many chances. #2 BUY @ ...

Low Risk Entries London/NY Session

There hasn't been many opportunities in today's session (with the exception of the pre-London open ones in the previous post), so thought I'd make a quick post about how I enter trades. I'll always wait for a high-volume bar that closes at or near ...

Low Risk Entries London/NY Session

And now for the Wednesday morning trading session. #1 SELL @ 1.38053, closed at 1.37943 for 11.0 pips and a 2.2% profit after commission. image

Low Risk Entries London/NY Session

I wasn't able to trade at all on Monday and had other things on Tuesday so that was basically a write-off as far as trading goes except for this one trade: #1 SELL @ 1.37895, closed at 1.37867 for 2.8 pips and a 0.5% profit after commission. image ...

Low Risk Entries London/NY Session

Trades 2 and 3. #2 SELL @ 1.37566, closed at 1.37588 for -2.2 pips and a 0.6% loss after commission. image #3 SELL @ 1.37602, closed at 1.37557 for 4.5 pips and a 0.8% profit after commission. image Daily Totals +5.2 pips after 3 trades +0.7% ...

Low Risk Entries London/NY Session