I have not been a big fan of fibos but Hugh has explained and shown us how to use them. I start demoing this Mon. a.m. I only trade the NY session and I think the gbp/usd will offer the "smoothest" trends, I'll see. If anyone has a better suggestion ...

Simple Fibonacci Trading

Is the 7th bar to the left, a pin bar, a #2 type entry? I don't have a good handle on that yet.

Buy sell line trading

Post #703 tested on the 4H TF & using a 13sma (close I'm sure) but my question is: would you use the same sma trading the 1H? Not doing so hot this week, my account is the lowest it has been all year so I'm missing some good setups. But I can only ...

Buy sell line trading

I read an article on fibs, DailyFX I think, and the writer said that the proper use (his opinion?) of fibs is to see where the % lines join with S&R levels - double confirmation. A 50% level is just a line but if it confirms a previous S/R level it ...

Simple Fibonacci Trading

I took a small loss on the E/$ as I forgot to deduct the spread on a sell order and the E/G SL was hit. Hopefully tomorrow is better and I may go with the 1H TF instead of 4H.

Swing trading with heiken ashi and stochs

E/$ — I guess I don't handle the early a.m. hours very well; I changed my Sell Stop on this pair to a sell order and got a few extra pips as the pairhad pulled back. Currently I have my stop at BE+1 - 1.3203 & moved my TP to S1 - 1.3264. My ...

Swing trading with heiken ashi and stochs

I'M in this one too, sold @ 1.3187. Also sold the eur/gbp @ .8321. Just using micro lots as yesterday didn't provide a very clear picture of the markets. edit: Sorry, it is a bit early for this old guy - I have a sell stop @1.3187 E/$ which hasn't ...

Swing trading with heiken ashi and stochs

Thank you. I have strayed a bit in my trading and paid the penalty. I don't know why I quit trading this strategy; I have had success on the 1H & 4H so here I am again! Will take a look at the channel and see if it helps or hurts my entries. p.

Swing trading with heiken ashi and stochs

Hugh - Have you ever tried HA smoothed? I wonder if a trend change ie color change would be as prompt as regular HA. And i don't see many posted charts using the channel - channel doesn't work? Comments from anyone please. p.

Swing trading with heiken ashi and stochs

If your broker's 4H close is a 2pm my local time but my broker's close is at 4pm then that is where the difference is. And note, this is my local time closes. Hope that helps, p.

Buy sell line trading

At bedtime this pr was moving away from my order entry point so I cancelled. But the pr (gbp/usd) took a nosedive later, oh well. Hopefully some of you made some money on this. p

Buy sell line trading

GBP/USD — I have a sell top order @ 1.5646. I never trade the daily but it looks good per rule #1 although the entry is near S3 which could be a problem. A 1:1 r/r with a 188 pip SL & TP. I'm a lttle nervous about this and will see what it ...

Buy sell line trading

I think div. is an excell. suggestion. RSI at the bottom of a chart would be simple & effective. If the thread goes this route pls post lots of helpful suggestions - I have a basic idea of what to look for but have never used it much. I got ...

Buy sell line trading

I bet there is 2-3 dozen various MA crossovers in this forum alone. I have traded one myself a long time ago but it couldn't catch the longer trend, the 5 would start a crossover and then continued in the direction it had been going. Then someone ...

Buy sell line trading

IMO this strategy will keep us out of losing streaks because we only trade with the trend. Yes, there will be losses because of a too-tight SL, trend reversal, news, etc. but they should be one time losses and not a streak. Less trade opportunities ...

Buy sell line trading

Thanks for the informative link (DailyFX), an excellent read. I know I'm guilty of closing trades when the price stalls on the way to my TP. I close it out for a small win and watch it go to a big win. I'm tempted to demo their suggested "Model ...

Buy sell line trading

Per Seabreeze - "As I said earlier I am happy to just watch the markets today and take down some notes. I can always trade again next week." Pay attention all, words of wisdom. p.

Buy sell line trading

Thank you. This is a very good thread with helpful traders pointing out the obvious and the not-so-obvious for old guys like me. Thanks to all, p.

Buy sell line trading

Quote by seabreeze - "Trading without pivots is like going shopping naked.. " Where did you get your PP indi? I downloaded one that turned out to be modified for a particular strategy and it wasn't useful for me. thanks, p

Buy sell line trading

After 4 1/2 hours the pair was having trouble breaking through a previous sideway zone from March 1st. I closed at +23 pips. There is always another trade somewhere, sometime.

Swing trading with heiken ashi and stochs