tk5, I have only read the first page as I logged in to check something and then saw your thread. The first page contains everything one needs to be successful in trading. A lot of the so-called purists will mock the moving average and preach "price ...

5 PIPS - Only Five

Ichimoku Kinko Hyu or as I like to call it...itchy moku? kinky ho! I know, that's terrible.

the best indicator to monitor the long term trend?

I don't know where you prefer to live but try looking up the word "expatriate" and then once you have that then look up either forex or "tax benefits of living in _______". Some of the countries you find as advantageous will be less than desirable ...

Best places to live for FX traders in terms of tax and brokers

Custos offers some good insight, while I don't agree with all of it. Most rookies try to run before they can even walk. He says "the trend is definitely your friend" well, so is a demo account. Open one up and use it...abuse it...try every stupid, ...

Information For Beginners

Why is this thread, at least the first page, not pinned on the Rookie forum? This information is crucial...and buried in a sea of meaningless threads. This should be the very first thread for the newbies to read and refer to. In my very humble ...

Information For Beginners

Never mind I found it...and it falls into the WOW category. I may change my entire trading mindset. 100 trading days is impressive but will the broker allow you to trade that many lots? Duh...units

The possibility of earning 3 to 5 pips a day

I love these threads about 5 pips per day or less. Maybe I'm thinking entirely wrong and my targets are too high. Perhaps someone can help me with some projected spreadsheet numbers or something as I don't know how to put in a formula in excel. What ...

The possibility of earning 3 to 5 pips a day

TradeDream, That was an AWESOME explanation dude. But now for the confusing part (as though figuring lot size wasn't enough), where does margin fit into the equation? 1:25 and 1:400 are two very different animals. He who tackles this one gets a blue ...

Help calculating lot size

Not to be mean but care to elaborate on that last sentence? Other than a trader with no control of his emotions or a really poor choice in brokers with too much lag this sentence is not valid. A demo account serves no other purpose other than ...

reasons why traders lose

I know I'm gonna sound like a smart *ss but the truth is what you need. The two most important things are gonna be, in order... 1. your entry...on the pullback or the breakout 2. your exit...target price or stop loss Let's say you get your trading ...

the most important things in forex

Man I love this quote. There are some very intelligent quotes in this thread and some are just non-sense. You should NEVER open a new account with anything over $1,000 (IMO) as a newbie. More than likely, you will lose your first account due to lack ...

reasons why traders lose

I just got back into town tonight and see my thread got moved. Uhhh, no. Diagonal lines are either breached establishing a new trend or become a point of resistance. The starting points are either high points or pullbacks (in the examples provided) ...

Diagonal Lines for Breakouts and Swing Points

Point #1 will be subjective so you will have a few options initially. Attachment point #2 will allow you to easily figure out future price targets for #3 (and beyond) trend line touches.

Diagonal Lines for Breakouts and Swing Points

Let's pretend price has soared and now it is pulling back for a breather. This process can take days or weeks. Where do you put the first attachment point? Look for the highest point (no brainer) and then pullbacks near the highest point.

Diagonal Lines for Breakouts and Swing Points

In the chart above, the second one specifically, you will ask how did the price know to only go that specific point and then suddenly reverse and plummet. That answer will lie in the traders interpretation...I will be able to show that it relates ...

a newbie in need of help

I'll help you with part of it, the swing high/low part. First you have to know the current trend...and that part, the trend, can be confusing because the Daily chart trend can be going in the opposite direction of the 1 hour trend. Why is that? ...

a newbie in need of help

Nefser offered the best advice by far. If you can't pull the trigger with confidence then one question comes to mind. How many trades have you taken using your method on a DEMO account? If it's less than 50 trades then your problem isn't lack of ...

How to start like a pro? - afraid to open trades