Reactive not predictive is exactly what I do as well. Mark levels, see how price reacts to it. I've seen some good success with this school of trading and most of the successful traders I know (those who live off of it, not necessarily millionaires) ...

Is there an "easy" way to trade on Forex?

Oh yeah? It takes patience but you can definitely make money off of swing trading, and it doesn't rely on static parameter indicators to guide you through constantly changing market conditions.

Is there an "easy" way to trade on Forex?

I hope I'm not being dense here, and I don't want to be lazy. I've taken a look for "market structure" and the best I came up with was a subsection on market highs and lows on this page. Looking at the times for closes doesn't seem to help either, ...

Ramblings of a Forex Junkie

I must have missed something or this is related to a timing issue, as it looks like a pretty valid price pivot. Acted as resistance, re-tested as support, broken and re-tested as resistance again.

Ramblings of a Forex Junkie

If you can live off of 0.003% you must be loaded. Anyway, I take it you're new to this, and I also realize you probably won't listen to me, but here it is. Don't blow your capital on intraday trading and definitely not scalping. There are ...

Is there an "easy" way to trade on Forex?

Triangular arbitrage is one reason, with the previously mentioned shared fundamentals being another, especially geopolitical fundies.

EURUSD

The next level should be around the 1.3380 mark where we have an old price pivot. Personally what I'm hoping for is a drop down to the first of our broken supply levels, around 1.3150, where we may get a good clean entry when resistance turned ...

EURUSD

Rather, how each pair behaved after the move. A rule of thumb, taken from your correlation coefficients, is that price of the Pound should rise with the Euro, and fall with the Franc. As you can see in the attached graphs, after the first move, the ...

EURUSD

I was looking at short term moves. When we saw our initial breakout, cable rose as it typically does and the franc fell. What didn't happen was an extended reaction on day two for either the pound or the franc, which is what bothers me. I can post ...

EURUSD

Excellent point. There are a few threads that start to talk about this, but often times they get shot down pretty quickly, once the person suggests that perhaps it's not all psychology that causes failure. You can believe in your MA cross strategy ...

The 3 Elements of a Successful Trader

I think I'm going to just add you to my ignore list and say whatever the fuck I want. Don't like it? Contact OP or a moderator.

The 3 Elements of a Successful Trader

Couldn't agree more.

The 3 Elements of a Successful Trader

Are you the OP? A moderator? What's that - "No"?! I've already put my thoughts in on the three elements, and decided to reply to another poster. Surely it fits into some train of thought originated pages back from the original topic.

The 3 Elements of a Successful Trader

From my understanding of how things work, a broker will manage any trades they can within the confines of their institution to increase execution speed as well as profit as they can pick up the entire spread (normally only a portion of what you see ...

The 3 Elements of a Successful Trader

No disrespect intended but I didn't say a million standard lots, I said a million currency units. Be it USD, Euros, Yen, whatever. My point is that most of the time you won't have any say in the market as your orders will be dealt with in-house, as ...

The 3 Elements of a Successful Trader

If you trade with a dealing desk most likely your trade will be managed in-house by swapping with another retail trader. To get an order onto the market, banks require a minimum trade size. I believe this is one million currency units, so unless ...

The 3 Elements of a Successful Trader

Here's the problem - figuring out what market conditions are occurring and when that changes. By the time you realize a shift has occurred, for example from trending to ranging, you may very well have lost all the money you made earlier. Trade ...

Only 1 good thing

With this recent discussion of systems, I thought I'd throw my two cents in on the subject. I hate the systems forum as well, and I'll tell you why. Even if 2% of them work at bringing in a marginal, market-conditional income, they don't teach you ...

Only 1 good thing

You know Vachus you're not the only one. Regardless of the reasons for the rally, there are still some technical things to be resolved before I'm sold on this thing. As pointed out the other day, the Franc and the Pound aren't maintaining ...

EURUSD

No problem, you obviously know what you're doing, and I learned a thing or two.

Ramblings of a Forex Junkie