this could be good — this is not a trade recommendation. the 38 fib ret on the daily chart is sitting right on the 365. could it ret to the 50, yes. could it blow to the upside, yes. does playing the daily require large stops, yes. am i going ...

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posting attachments — would someone please give me a lesson or tell me how to post chart pictures. thanks jim

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we will get it figured out. merlin, can you help.

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if i can figure out how to get my chart screen to post i will show all of this including good entry techniques.

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merlin i am embarrased to say this but i have never attached an image to send in my life. i would love to do it if you will tell me how. i am assuming i can just attach my tradestation screen shot to send but as i said i dont know how. geez i feel ...

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double bar highs and lows with higher and lower close — i thought i might give some examples of these for your viewing pleasure. they are everywhere but here are some i traded recently. i will show forex only. for me the high and lows of the ...

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no. it kills me to say that. i have paid people to write code for me. i finally broke down about a month ago and decided to dive in myself. for years what i would do is literally go bar by bar with pen and paper to test my ideas. rudementary but it ...

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hey norbecker, i am not sure i understand your post. i suppose price action could be defined in several ways, maybe fiji can address this. i look for price bar patterns that have been shown to confirm the probable direction in the near future. terms ...

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this trade was based on the following. this is just a trade set up i have noticed after years of staring at charts. notice that on a 60 minute chart when price breaks thru and makes a good run that when it comes back to the 365 THE FIRST TIME it ...

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i am currently using tradestation.

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well i got in when it bounced off of the 365 at 197.33. sold half at 194.50, still holding the other half at breakeven. i still think the bottom could drop out, but if i am wrong i still have a profit. pay attention to where price is in relation to ...

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hello david, hope all is well with you. i am sure you do, but i want to make sure you understand rob is not talking about a moving average cross. he is talking about one ma acting as sole support or resistance in relation to price.

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stunning is the correct word. pull up a daily, 4hr or 1hr chart, then put a 1,3 or 5 year ma on the chart. look for a good run by price going up or down thru one of these ma's. take a look how often price will come back and touch one of these ma's ...

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i am watching this also, here is my take. be careful as price has dropped below the 365 ma. also on a 4hr chart it has now dropped below the 1,3 and 5 year ma. on a 1hr chart it is now under a 1,3,5 and the 10 yr ma. i think it could go higher but i ...

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thanks firedave but there are a lot of people on the main part of the forum that dont really care for me much. after all i do trade 5min4x you know.

I wanna know (main forum)

if you trade stops with fib ret combined with support and res levels you are trading like a pro. however what ultimatly seperates the men from the boys is can you consistently do it without moving or playing with them. most cannot. jim

How many pips should I use as a stop loss?

most of my personal trades with my own system are entered off of 38 fib ret. i usually place my stop above or below the 50 fib ret. smaller time frames smaller stops and larger time frames larger stops. if you want to be extra conservative enter on ...

How many pips should I use as a stop loss?

not if you get caught with a large eur/usd position with no stop and your platform crashes and your broker wont answer the phone. might give you a heart attack.

is trading good for your health?

i have in twenty years of trading never caught the exact bottom or top to the tick that i can remember. if you ever figure out how please let me know as i will write you a very very big check to learn how. jim

The "Other" direction!

i have not used either one but this forum is full of complaints about both. in fact if you searched this entire forum these two without a doubt have the worst responses from users. oanda seems to have problems all over the board. i have seen many ...

Who do you use to trade the forex?? 1 Reason Why??