- Search Crypto Craft
-
ocd replied Jun 22, 2016Well my last post was for someone who is learning and wants a simple/extremely effective way to trade reversals and trends. Using a trendline on a higher timeframe is very accurate for the trader wanting to accumulate pips. Using trendlines on lower ...
How to identify trend reversals in Forex
- ocd replied Jun 21, 2016
I like the simple approach anymore, but, I didn't use to. Drawing lines is easy and offers a good visual. This is the GBPUSD on 1 hr...once the trend line is broken thru you can see where price (candles) consolidates before it goes up. image
How to identify trend reversals in Forex
- ocd commented Jun 21, 2016
"Too many believe that a vote to leave the EU will have no effect on their personal financial position." And what is different about this when compared to the the US Treasury printing billions of dollars per month? They have been printing $80 ...
The Brexit crash will make all of you poorer – be warned
- ocd commented Jun 20, 2016
Currently, trend is up. Consolidating in a nice pullback for another upward move....probably. Covered thine buttocks!
Cable Just Snapped
- ocd commented Jun 15, 2016
Yeah they're responsible alright as the printing presses are just burning red hot since 2008 at $80 billion per month of fresh counterfeit money (lowered to $60 billion per month as of January 2015). Trillions of dollars printed with nothing backing ...
FOMC Press Conference, June 15, 2016
- ocd commented Jun 15, 2016
And then account holders move to Oanda over night as the death spiral begins.
FXCM is doing great… and is in big trouble
- ocd commented May 26, 2016
At 2:14 a.m., EDT, on August 29...Skynet becomes self-aware.
Foxconn replaces '60,000 factory workers with robots'
- ocd commented May 26, 2016
An economy based on nothing unless you mean cell phone sales. This economy is peaking and this time there is nothing the govt can do. Print more money? Lower interest rates? War? Awwww, now there's the way out. Go after China and cancel debt out the ...
U.S. jobless claims fall more than expected last week
- ocd replied Apr 20, 2016
I'm gonna bump this thread because I have been using the search feature and was not getting a real solid answer to my question. This guy (Terry Tibbs) has a similar question so I thought I would share a video I found on Youtube. I have no ...
How to Compound with High Leverage with Minimal Risk
- ocd commented Apr 20, 2016
Gotta love the title, "what's next"? Uh, how about a breakout to the downside...short term gives about 225 pips to support then the actual breakout occurs. Go short imo after your immediate trend line is broken.
GBP/USD reaches the end of the triangle – what’s next?
- ocd commented Mar 30, 2016
Mr Cat, You are absolutely correct. New guys that want to succeed need to look up a guy named James Chen. This guy tells the easiest way to do precisely what Mr Cat has said inexperienced (and I'll add failing traders) should do. I've even made it ...
Why traders lose: The ultimate performance killer for traders
- ocd commented Mar 23, 2016
NZDUSD has a nice rangey uptrend on the 4 hr. Doing a little pullback boogie, should spike up nicely soon.
NZD/USD: All eyes on .6650 ahead of NZ trade data
-
The most important technical skill to learn
Started Mar 3, 2016|Trading Discussion|12 replies
For this thread, I'm not gonna talk about money management or risk...just the most important ...
- ocd commented Dec 16, 2015
That's pretty funny. Looks like I set the bar too high for an entry on GBPUSD for my long position...whatever. I'll take profit over regret any day.
FOMC Statement
- ocd replied Oct 16, 2015
Mr Kobol, I believe that a person's mind can be altered by just one new thought. You gave me that one new thought so I wanted to thank you.
PS and no it was not some indicator idea...I'm all done with that and can never go back, thank ...Forex | The World of Johnny Kobol 007
- ocd replied Oct 16, 2015
Well, that wasn't what I wanted but I'll take it. I thought the bears would take over but they chose not to until next week. Since its Friday and I have to leave this morning I went ahead and closed the position out (pre-maturely I'm sure) for a ...
Fibonacci and 50 bucks
- ocd replied Oct 16, 2015
Ohhh, just for fun... better not put that just in case.
Fibonacci and 50 bucks
- ocd replied Oct 16, 2015
Here's my trade for tonight. I'm thinking bears control the night unless the bulls really get aggressive. So I'm selling resistance. My entry for the short is at tonight's 38.2% level (1.54497) and my take profit level is just above the Weekly 100% ...
Fibonacci and 50 bucks
- ocd replied Oct 15, 2015
Okay so I zoomed out on this chart to the Daily timeframe to get the big picture. Notice the green arrow...indecision...carnage by the bears acoming son. Second chart I just added the diagonal trendline to show what price is up against.
Fibonacci and 50 bucks
- ocd replied Oct 15, 2015
I won't be trading tonight because I can't figure out which direction price moves tonight. Price is sitting just below a big resistance diagonal trend line. So that screams overbought. However, the next diagonal trend line above current resistance ...
Fibonacci and 50 bucks