Leo2006, Having this huge pool of fantastic information and advice here at FF is as much of a shortcut to trading success as you can expect! Otherwise, you must make the effort to read through the threads that you are interested in. Re explaining ...

james16 Chart Thread

I do not know of any calculation. Defining appropriate stops was one of the objectives of my testing Mouteki across 10 pairs. It varies a bit, but generally many of my succesful trades only needed a stop of 10-20 pips. However, with volatile pairs ...

james16 Chart Thread

Using Mouteki and james16 — As I have already reported on a number of threads, I have been demo trading both 'systems' across 10 pairs over the past 4-5 weeks with both very good results. I tried to move on from M15 to H1 indicator based ...

james16 Chart Thread

Just to clarify my application of the system: entry mostly on first new candle after TL break I'd only enter on the break if there are other supporting signals such as daily price action or fundamentals I exit if price goes the wrong way and ...

Mouteki Trading

I have extensively demo traded Mouteki across 10 pairs for the past month and are quite impressed with my results: week of 15 Oct: 315 pips week of 22 Oct: 725 pips week of 29 Oct: 740 pips week of 6 Nov: 230 pips week of 13 Nov: 330 pips just ...

Mouteki Trading

I would think that it may spike up to major resistance at 9115 today on BoE announcement, before coming down sharply due to profit taking. Do you no think that is likely?

GBPUSD

Most initial stops were set at 30 pips but as one objective was identify the size of stop needed to stay in the trade, so I checked that afterwards. You must also look at the famous risk/reward ratio, e.g. larger stop is ok for GBP and CHF v USD ...

What to do next?

ok, first mistake appears to be stops too wide, there should be no large losses if you have sensible SLs in place. I found during my testing that many trades only required stops of 10-20 pips to stay in. Also, if price moves back trough the TL the ...

What to do next?

2.5 years in FX still doing microlots and not comfortable with any system? at least you got some stamina! I certainly wouldn't last that long, I have given myself 6 months to establish a promising system and trading routine and a further 6 months ...

What to do next?

there are BOE notes every month though — there is no statement as such but every month notes of the meeting are released (I think a week later) and one of the key things that traders are always looking for is how the panel voted, ie. how many ...

London Calling: The BoE Rate Decision

For those who are interested, here is a copy of my trade log. Please note that the stops were mostly not set prior but my goal was to identify what size stop was needed to win. As you can see there are many trades that did not require a particularly ...

james16 Chart Thread

short term movement — GBP/USD has been heading into a flag pattern on H1 charts and below for the past 5 hours and I wonder whether it's going down to ~8920 or back up to ~9000 for now? Any bet takers?

GBPUSD

Thank you for opening my eyes — Thank you so much to James et al for opening my eyes to price action and helping to improve my trading tremendously. I had obviously read up on the basics of price actions when I started with Forex, but as a ...

james16 Chart Thread

Bloomberg great service — Bloomberg radio proved to me again what a useful free news service it can be. Yes, they are 20-30 secs late with the actual numbers, but then fill the next 30 secs with succinct and hit the nail on the head analysis. ...

Good source for Fundementals/News

Hey Craig, Unless you are experienced, you should forget about hedging! I seems more simple than it is in reality which I have learned the hard way. Expecially with a volatile pair such as GBP/USD managing the exit can (or is bound) to be a ...

Hedging

I don't entirely disagree either and I am keen to sell GBP asap, BUT I was warning that there is still room upwards even from a TA point of view, so it would be dangerous to jump to conclusions about the way it's gonna go today Good luck to everyone ...

NFP and rumors around

yes, be very careful! — many seem to think that any 3digit NFP number will help to bring about the reversal that many - including me - are waiting/hoping for. It is also argued that all technicals point in that direction. However, it could go ...

Textbook "Reversal Day" for GBPUSD

it could go either way - even technically — many seem to think that any 3digit NFP number will help to bring about the reversal that many - including me - are waiting/hoping for. It is also argued that all technicals point in that direction. ...

NFP and rumors around

Thanks Mr Trend! — your reply was very helpful and even better illustrated by the actual moves over past hour! I guess what you told me was not entirely new to me, but as we all know it's quite a learning curve and in the beginning a new ...

$ For The week of 10/30-With Trade Ideas

sometimes I wonder... — I am kind of waiting for the big reversal to join a nice run down on cable. But as housing news was bound to be GBP+ this morning, I was not too hopeful. Then we had UK house prices come out higher than forecast - not ...

$ For The week of 10/30-With Trade Ideas