waiting for pullbacks to the ma after initial price move thru is the only way i trade ma crossovers. as i have said you will miss some moves sometimes but on a 30 or 60 min charts it will allow for 15 to 20 pips stops. frankly it is the core of my ...

Query: Moving Stops to Breakeven

merlin i have a question. i have seen conflicting info on this and i want your input. when figuring a weekly pivot do you personally include sunday. also when figuring for monday due you use sunday or friday or both. i have seen several variations ...

Precision, low-risk entries for discretionary systems.

well done mike, looks like you are going to fit in just fine here. just promise you wont get on me about my spelling. jim

Just need a Direction for Training

good stuff here.

Precision, low-risk entries for discretionary systems.

new chart — new chart

james16 Chart Thread

new chart — new chart

james16 Chart Thread

i am going to watch for a while. man diallist you have come a long way. maybe it should be the fab-five. you always hit the n key which totally cracks me up.

Precision, low-risk entries for discretionary systems.

yes you are correct but i am willing to give up a few good trades to keep risk as low as possible. i am sure a staggered entry as you describe is a viable option.

Query: Moving Stops to Breakeven

hey hun, i knew i would raise some eyebrows. the truth is that the way most people trade a 15 or 30 min chart you have to have a 30 to 40 pip stop and i am not saying it cant work that way. i pick my entries with the utmost care and risk 15 to get ...

Query: Moving Stops to Breakeven

diallist is right mike understanding it really does not matter. if you are in the eur/usd and you think its going down sell, if you think its going up buy.

How do I sell something I don't have?

i have an assignement for everyone. based on mb's system go back and look at the crosses where price came back to the 25 or close to it either right after the cross or within 6 to 8 bars. your risk is now substantialy less and if it does go sour you ...

Query: Moving Stops to Breakeven

the best double bar with a higher or lower close will have the close on the second bar close outside/past the ENTIRE second bar. examples on the chart thread.

james16 Chart Thread

fxsolutions allows micro lots. which is what you want to trade until you have an account value, if i remember correctly, of 25k or so. they allow you to use better money management on a smaller account. jim

Just need a Direction for Training

this is great i knew this would be good. i think where i am at is this. i trade anywhere from 30 to 60 minilots per trade. when i am up 10 pips i really dont need anymore. i pinpoint my entries as carefully as i can. thats why i cant and wont trade ...

Query: Moving Stops to Breakeven

hello mike welcome aboard, first of all dont risk any of your money until you learn and then demo trade what you learn. open a demo account with fxsolutions, there are reasons which you will learn later. then start looking around and try some ...

Just need a Direction for Training

exactly and anyone who might be confused realise merlin is not contradicting what i said. what i am talking about is waiting for the pullback BEFORE entering. as i said there is a thousand answers. this will probably turn into a good thread. jim

Query: Moving Stops to Breakeven

this is a very interesting question and one of the best i have seen on this forum. there are a thousand answers to your question. when you stated your large equity run i smiled and wondered to myself if you were moving your stop to breakeven real ...

Query: Moving Stops to Breakeven

i dont even come close to catching all the trades. what i do is watch weekly and daily charts on all of them. i look for high probability trade set ups on a daily with price action. i either trade that or move down and daytrade the move i am ...

james16 Chart Thread

forex pivot levels — i know the reason several of us are getting different pivot levels is this. some use sunday and some dont. that raises a question from me to anyone who nows for sure. when i first started trading forex the first thing i ...

EURUSD

my mistake, it was 3 in the morning. it was the daily s1 pivot level figured from friday and it broke down right to the weekly s1 at 12342. dial i just use mark mcraes free pivot calculator. it is the standard one, there are several more variations ...

EURUSD