Im with you, figure out when the high or low of the day is formed and your halfway there. There are more then enough profitable setups everyday but can you find them is the question........

is there any profitable strategy?

Mostly EUR and GBP based pairs, and i only trade 1H and 15M charts. I have the same problem sitting in front of my desk 10 to 12 hours a day but last weeks im becoming more profitable and only trade on days i clearly see the patterns. This has given ...

Multiple Divergencences in a row

I understand what you are saying but these are the type of setups that work for me: agressive move to hit the stops, nice inverted hammer at london open on the second leg of the M while its shows Divergence on the RSI. These are nice 50-100 pip ...

Multiple Divergencences in a row

Saoshyant, there was a very good trade in this picture. When at 11 April at 07:45 the market moved up you can see an M being formed right? You also see an M on your RSI which shows divergence, thats the short trade you wanna catch. Thats a nice 100 ...

Multiple Divergencences in a row

yonnie, If you can make 200 pips 3 times a week while trying to limit your drawdown, that makes a pretty decent living. I try to work as systematically as possible and be very strict wich trade i take at what time point at certain candle closes. So ...

Can YOU make money as a professional trader - Redux

Yes and no, for me i trade the london open and sometimes grab up to 250 pips during the session. Most often when the NY session starts i will look for new setups to where i scout for an extra additional 30 pips per trade. Due to my experience at the ...

Can YOU make money as a professional trader - Redux

Very true, I like this thread already. But i have a question. Why dont you dont trade the london session? Thats when they hit the stops most agressive. Im gonna follow this one.

Can YOU make money as a professional trader - Redux

You can extract 30 to 50 pips from each pair most days just look at the pattern.

Making money consistently from the markets

Technical Analyze because its overrated

Forex terms that should no longer be used - Add yours here!