April 24, 2014

Scalping the Euro: A Journal

April 23, 2013 To kickoff the journal, here are my trades for this morning. I know the title says "scalping the euro", but I also watch GU and occasionally AU for secondary opportunities. GU has been more active this past week it seems so I have ...

Scalping the Euro: A Journal

If you read Wyckoff's actual literature as opposed to quotes from a magazine, he discusses the campaigns of stock operators. They are not doing so in order to "trick" people specifically, but they test the market to determine their ability to make ...

Trading 1-2-3 reversal and breakouts without PVRSA

More trend line break and first retracement entries - I also marked subsequent entries to add to your trade in profit and really compound profits on any given trade. [Note: This is an 89 tick chart, but again its applicable to any bar interval.]

Your Favorite Trading Setup

You shouldn't misdirect people concerning the work of Richard Wyckoff. Nothing that hack does is related to Wyckoff in any sense.

Trading 1-2-3 reversal and breakouts without PVRSA

Read Wyckoff's books. They are available in the Wyckoff forum at Trader's Laboratory. This will get you thinking about the market in the correct manner- i.e. not in terms of candles and indicators, but in terms of the market being an ongoing auction ...

How to start learning Technical Analysis

I have two favorite "setups" - the Breakout Pullback and the First Retracement after Trend Line Break. Breakout Pullback - I primarily watch for these on the 5 minute, but its applicable to any bar interval. I box the most recent range. I wait for ...

Your Favorite Trading Setup

First of all, accept the fact that there is no prediction. There is anticipation of what might occur, but there is always the chance of your position being a loss. Even if you magically created a system that had 100% winners over the past 10 years, ...

Any Rookies need some help

The real challenge is not losing more than 7 pips in your process of trying to make them. The spreadsheets always look nice, but in reality, everyday you take 7 pips as soon as you get them, but on those days where your first trade goes to a loss, ...

7 pips per day? is it possible?

It depends on how much money you have, and how much margin you are going to request from your broker to extend to you. You can trade unlevered, i.e. for each 100,000Euro you buy, you have more than ~US$138,109 deposited with your broker. You can ...

Is there a broker without any spread, just commission?

Where we are in the Euro: Both weekly and daily charts clearly define two upward trend channels. Earlier in the month traders were unable to find trades beyond the intersection of the mean of both these trend channels and sold off down to the lower ...

EURUSD