Finally got a winning trade after losing my last few. Bullish engulfing candle on EU with the uptrend and bounce of the 13EMA. Stop loss was at 19 so I got out at +19 even though it's continuing up for now. Puts me back to break even after a losing ...

Psych Levels, Pivots, and Trendlines - Resurrected

Thanks for the tips Barry. I think another monitor would help a lot so I can always have my charts up on one screen. I'll look into alerts, I know I can set some with FXDD I just never really looked into since before I was always trading 4hr charts ...

Psych Levels, Pivots, and Trendlines - Resurrected

I really need to start waking up at a certain time and figure out a certain time to trade. As of now it's just when I wake up but it's not orderly enough, I need to get more serious about a schedule. Missed that nice EJ trade EV got by about 10 ...

Psych Levels, Pivots, and Trendlines - Resurrected

Thanks Barry and Sailor for your views. I figured it was safer to just sit out today since this was the first time I was trading at New York open. I'll have to keep my eyes open around session openings, also almost got caught in the news today, ...

Psych Levels, Pivots, and Trendlines - Resurrected

I have a question about taking trades right before a session opens. I saw a piercing pattern on GU but it was about 5 minutes before New York open so I didn't take it. Right when New York opened price shot up about 50 pips but I figure it just as ...

Psych Levels, Pivots, and Trendlines - Resurrected

Ya I've heard of rounders before but don't know anything about it. As for liking the Vikings that is unacceptable, Bears fan here all the way. As far as the trading method it's basically what you do because I looked at your posts and basically ...

Psych Levels, Pivots, and Trendlines - Resurrected

Cubs all the way!!! Actually went to a game last week, but they lost . I didn't know you english fellows knew baseball. I'm just trying to keep it simple and look for candlestick patterns at psych lines or MA's with the trend. Now I just need to ...

Psych Levels, Pivots, and Trendlines - Resurrected

Basically the same trade except on the EU. Not sure if it was really a piercing pattern because I'm not sure if it closed above the midpoint of the previous candle, looked close enough. I was bummed that I missed out on easy opportunities earlier ...

Psych Levels, Pivots, and Trendlines - Resurrected

First ever psych/candlestick trade — Here is my first ever live trade in accordance with this thread. GU 5 min piercing pattern off the 34 ema. Closed at M4 and 50 zone with +25, stop loss was 21 pips away so a little over 1:1 trade. Looks ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hey Ellis thanks for the detailed post. Very informative and definitely not too long. I've thought about entering the reversal trades early on the open of the last bar but I haven't tested it yet, seems like sometimes you can get burned but other ...

Easy Fractal Breakout Strategy

Do you trade the same way on the 4hr, with stops above or below fractals and trading fractal breakouts and reversals? I've been trading fractals breakouts and reversals on the 4hr for the past 3 weeks but only going for 30 pips. This week was no ...

Easy Fractal Breakout Strategy

Thanks again Ellis, so what other time frames are you trading other than the 5 minute? One thing I was thinking was waiting for a trend to develop and only trade in direction of the trend, seems like it should work, plus it's an extra filter so I ...

Easy Fractal Breakout Strategy

Great thread you guys got here, got a couple questions though. How do you stop yourself from over trading? I look back at my charts and look for setups and it seems like there are too many and that I'd be trading too much. I guess just practicing ...

Psych Levels, Pivots, and Trendlines - Resurrected

Yes, thank you very much Ellis, very clear and easy to understand charts. Looks like I have some things to check out. Glad you posted some of the filters you use since I'm trying to find a way to make my trading more discretionary. Questions for you ...

Easy Fractal Breakout Strategy

Don't mind your rambling at all, I enjoy it, keep it coming. Can you perhaps post a chart or two that shows how you use the fibs for take profit areas. I can't believe I didn't think of the "V" formation being a pin bar on higher time frames, makes ...

Easy Fractal Breakout Strategy

Interesting questions Bob, I never really take into account how the fractal is lining up in terms of how nice it looks. I normally just take a trade if I see a fractal forming. That might be something I'll look into, maybe only taking the best ...

Easy Fractal Breakout Strategy

Thanks for that thread link catpreach, I've been looking for threads on tons of forex websites for a while and found some but some how missed that one so thanks again, always good to see how people are trading similar ideas to you so you can improve ...

Easy Fractal Breakout Strategy

Thanks for the chart Ellis, that's pretty much the same way I was looking at trading off the 5 min, TP at 10 trading breakout and reversals. Looks like you got some pivot points on there as well, I was looking at those too. I definitely need to ...

Easy Fractal Breakout Strategy

Only trading this on the 4 hours past 2 weeks but both have been profitable with win rate around 63%, might be low for some people but it's good enough for me. I back tested using a SL at 30 and a TP at 60, win rate dropped to 41%, but still made ...

Easy Fractal Breakout Strategy

The main reason I'm using the 4hr charts is so I only have to check the charts every 4 hours. It's really easy just sit down for 10-15 mins and put in my pending orders. I don't dislike the shorter time frames but it's hard for me to trade during ...

Easy Fractal Breakout Strategy