Here's a very good video that explains it. It's long but very worth your time url

Trading with Deadly Accuracy

LOL That goalie should have known it was gonna bounce hard. He just stood there waiting for it. Nice shot though!! I could have been there as SMU is about 10 min from my job.

Silent Service Method

Try a demo account from FXDD, their Daily candle closes 2 hours before the ones you just mentioned (5pm eastern time).

james16 Chart Thread

I'm not AGAINST taxes. I just don't think it is fair to basically being double taxed on your income by both the state and the IRS

james16 Chart Thread

I agree, they are all like that. The bigger the worse. My reason for picking on Houston is some bad experiences I had there. And by comparison, I feel more safe in the other big cities in TX (like Ft Worth, Austin and San Antonio). But Houston is ...

james16 Chart Thread

Straight into my youtube favorites list. That guy just lay out my EXACT thoughts on the subject with a bluntness that I would never be able to express

james16 Chart Thread

I spent last summer in Odessa with some friends that live there. Had some fun seeing the RoadRunners cross the road (I always loved the cartoon as a kid) Sandstorms were a little interesting too

james16 Chart Thread

That's true. Especially in the smaller towns. I've lived in Texas since my High School years and one thing I always thought interesting was that people walking on the street always wave at you when you're driving around town (Even if they don't know ...

james16 Chart Thread

Nice trades!!

Jankone M5 thread

Somebody always beats me to the charts. I gotta get a little quicker on SnagIt Nice Trade.... Cheers!!

Jankone M5 thread

Chart — Trade I took this morning...

Jankone M5 thread

As far as I know it is based on identifying the 61.8% retracement on a large time frame (like Daily or 4hr) and looking for PA on lower time frames. I've had really good results with it

james16 Chart Thread

Chart — Chart on GBP/USD

james16 Chart Thread

I understand why you ask that question. The whole effectiveness of the divergence/Pinbar combo is to catch a "counter trend move" so if there is no defined trend the strategy becomes less efficient

Jankone M5 thread

Cheers!!! I just took the same setup

Jankone M5 thread

Not Really — About the chess skills I think that being a good chess player makes you have the analytical mind to be good at technical analysis but not necessarily a good TRADER. To be a good one there's a lot of psychological factors that have ...

Does being a Good Chess Player make you a better FX Trader

Very true. In fact I only learned how to play Texas Hold'em AFTER I learned how to trade and I can say I picked it up very quickly. It's all about money management. I thought I was the only one that saw that correlation

Does being a Good Chess Player make you a better FX Trader

Chart — GBP/USD: Already a "free trade" I like it when it happens really early in the session. Those were the 2 first bars of the session Edit: Can't post a chart right now but the trade reversed and the second half got stopped out

The DIBS Method... No Free Lunch continues

I learned the method long after Peter Crowns was gone (I have printed all his posts to study). I'm very grateful for the knowledge he shared here. I wish I was around at the beginning to let him know my appreciation. Many newbies get thrown off ...

The DIBS Method... No Free Lunch continues

Same here This strategy seems to work the best on Monday. disclaimer: I got no data to back that up. In fact I probably only think that because Mondays suck and a successful trade is about the only thing that brightens that dreadful day ...

The DIBS Method... No Free Lunch continues