Now before Captain Obvious comes along and says some crap about the OsMA, just look at the candles for obvious trend direction and if the OsMA is in disagreement...just wait on that particular currency and look elsewhere for a trade. Here's another ...

Late night trading

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Late night trading

How do you really know what's going on...trend continuation or trend reversal? Go to a Daily chart A move is going on (up/down) or its ranging...we agree on that I'll assume. So let's play with the idea of a currency that's ranging.... Add 2 ...

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Querstion...how do you know when you are buying at the top and/or selling at the bottom? This is a common problem that gets everyone (including yours truly). I ask this because my Trade Explorer account has taken some hits and it is PRECISELY due to ...

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"Looking for a Real Trading Method" Post #199 by Magix is a crucial piece of the puzzle. Absolute gold. As retail traders we are the flea on a cat's back...which way the cat goes tonight I have no idea. I do know he will go to Mrs McGillicuddy's for ...

Looking for Real Trading Method

This post for this SPECIFIC subject that Chicky has dialed into is both awesome and devastating. A beginner is pure in his innocence and his naivety. A beginner will have much trouble using any system because of all the confusion he creates for ...

Looking for Real Trading Method

I love this thread Chicky. Only a couple of pompous, foul mouthed hoodlums but some awesome dialogue by everybody else. I am convinced that just about every trading method or system (and I don't care about the semantics) will ...

Looking for Real Trading Method

GBPJPY Getting ready to go short. Gonna need to watch it though as bulls will try to make a strong push so I will wait for a clear indication of direction.

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Breakout or has hit resistance and will correct? Daily chart...GBPJPY

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Okay I'm back finally. That trade was a great example that did NOT take the 1 to 3 days to recover. I bought at the top of a channel when I should've been going short. So yes I was wrong about the direction of that specific trade. Had I put a stop ...

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Fair question...if a demo account isn't real to a trader, then sure, that trader is just going through the motions. He's just playing around. When he trades live he won't be worth a crap, he will be forced to deposit funds into his account ...

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Last chart and then I'm done... image

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Man that thing is bullish right now...the pullback my have already occurred tonight at 8:00. In that case, the train has already left the station. New guys are always (wisely) advised to trade only a single pair so they can get used to the ...

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So I see a bullish play tonight but the one thing I have learned is whatever I "see" can be completely wrong. In this case, it could tank like a weight watchers convention aboard a cruise ship. I still think LONG is the play.

Late night trading

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Late night trading

image image Now let's zoom in using the 1 hr chart and Bobokus fibs

Late night trading

In my last post I put in a Buy Stop order. It hit it and, of course, promptly tanked. In another thread I said that if a currency is trending, ideally a Daily chart, you really don't need a stop loss provided you are trading with the trend...this is ...

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I don't trade during the day but looking at the chart, and sitting on a major support level, I put a pending order in to go long at 172.250. Edit: I keep saying major support but it is for the 4 hour chart not the Daily This will probably trigger a ...

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Looks like my trade from last night never materialized so I canx the trade. Looks like the bears took control last night and price broke thru the 172.250 level and could be trying to head down to 171.500 where a major diagonal trendline is sitting. ...

Late night trading

Comments are welcome profitkeeper by everyone. Hope you're trading well.

Late night trading