It is not possible to filter bad trades without the possibility of filtering good trades in a market environment without knowing the future. It would be first wise to test your theory to see if there is any long term edge because if there is not ...

Help! GBP/JPY 1H Candlestick Strategy

If you are trying to simplify it then it would be easier to have a 5 or 10 min chart on your screen, outline the high and low of the 2 bars (or 1 bar for 10 mins) and take a breakout of the range with a SL at the other side. For example if the first ...

Help! GBP/JPY 1H Candlestick Strategy

By the original rules yes but it personally up to you in the end. Current market conditions will be your guidance and the recent to long behaviour (ranging, new trend or strong trend) plus a fundamental outlook will help make decisions on what is ...

The DIBS Method... No Free Lunch continues

wow has this moved, damn spewin I missed it.

Trade what you see NOT what you expect

Why did I watch this one — Watched this potential trade over the past 2-3 hours but missed the initial touch and break so wasnt going to chase but what a setup. RT

Trade what you see NOT what you expect

Nice Nice Nice

Trade what you see NOT what you expect

Heartbreak — Is when you have a pending order at 6621 to go long because of the confluence of numerous support touches and the 62 ema on the hourly lined up and you go and give the missus a massage and come back to notice your order missed by ...

Trade what you see NOT what you expect

The average range for the day might be 30 pips but thats from high to low so in your case you would be waiting along time for the range to open at a price and move the entire range or more in your favour before getting an order in. This limits you ...

Why EURDKK so funny?

If your looking for an all out action pair with slightly better spread vs daily range then look at the GBP/NZD. Spread cost of around 10 pip but can move easily 400 pips or more a day. This is by no means easier, in most cases it is probably more ...

Why EURDKK so funny?

i just had a look at the Oanda charts for it. From what I can see the average daily range for this pair looks tiny, in most case less than 30 pips with a 6 pip spread and it has been range bound for the past few months which makes profiting almost ...

Why EURDKK so funny?

That would depend on the spread costs for transaction both opened and closed and whether the average price fluctuations from the mean are greater than the spread, plus accounting for slippage and other outside factors means that trading an exotic ...

Why EURDKK so funny?

Option 1: The US has been doing this and the currencies is becoming worthless. There will be a time when the world just no longer accepts it Option 2: The US may hold the largest gold reserves but that doesnt mean it can just say 'right gold is now ...

What if US defaults?

From what I have heard there are banks (Mexico was a recent one that I heard or read) that no longer accept US dollars anymore and there are places in the US that actually take Silver or Euros as payment over the US dollar. Could be rumour but its ...

What if US defaults?

Like the rest of the world, US has sold itself to China for the cheap, cheap, cheap materials. It will be interesting to see how long it lasts, the corporate and industrial greed to bulk profits by getting children in foundaries to pour your steel ...

What if US defaults?

Momentum south. Would'nt be surprise to see a close below this level for the day and come back tomorrow for a retest before further action south the 1.4000 S/R area which also coincides with area of the daily 50EMA and another level not discussed. ...

Trade what you see NOT what you expect

Yes damn those auto card shufflers that reshuffles the previous hands dead cards. The only advantage you have in Blackjack today is with friends in a house game where the money is usually very little and you drink too much causing card counting to ...

Forex vs Poker

I would tend to disagree. Poker is a game of odds, yes luck plays a huge part in the final hours but the lead up to tables is about probabilities. Players who play random cards and hope the house cards help them over their opponents only last so ...

Forex vs Poker

Martingaling regardless of the environment is a high risk low return venture that in the end very rarely works out well, capped or uncapped. At the least with a capped table at Blackjack your not going to get a chance to blow your entire account ...

Forex vs Poker

In my opinion it really depends on the market dynamics and the setups at the time over a number of timeframes. I use higher timeframe to (try) and set a bias for how far I believe the market can run. It is quite simple with most active pivot zones ...

Exit: Set TP/SL or Reverse Signal?