I think this sums up the overall strategy well Kiwi Trader. I no longer have the inside view of what the big money is up to but I don't believe I need it and what I'm trying to show via this thread is that none of us really need it if we can learn ...

Trade Anatomy - ramblings of an old-timer

Being mindful of psychological levels certainly is not a waste of time. Just try to remain flexible and react to what happens rather than being seduced by what 'should' happen. Look back at what happened recently at 1.30 for example. Kind regards, O ...

Trade Anatomy - ramblings of an old-timer

Hi Damien, Excuse my confusion (I can blame old age!) but are you telling me you are long or want to get long or neither? As i've said, my short is remaining open and my stop is still allowing plenty of wiggle room as I haven't YET seen a signal to ...

Trade Anatomy - ramblings of an old-timer

Hello Here's what I've done. Stop moved on Monday (31st) to 2710. Having the stop above the 28th May high is perfectly acceptable trading strategy and it does appear to be a significant recent high but the nature, and length, of my trade means ...

Trade Anatomy - ramblings of an old-timer

Patience is good Also, make sure you are thinking in terms of what you will do in response tovarious scenarios. And try to have enough scenarios in mind to retain a flexible outlook. As I'm sure you've heard before, being right is irrelevant. ...

Trade Anatomy - ramblings of an old-timer

Hi Damien Can you please explain what you mean by bearish volume? We should never assume that, because a bar finishes down, the volume is bearish but perhaps you are referring to something else. Kind regards. O N D

Trade Anatomy - ramblings of an old-timer

Anyone else want to comment on the chart I posted?

Trade Anatomy - ramblings of an old-timer

The VSA thread, and the teachings of Tom Williams, are well worth further investigation. It's interesting, I don't really trade in accordance with VSA in pure terms and I always called it something else but the overlaps are significant enough to ...

Trade Anatomy - ramblings of an old-timer

Apologies Damien - I answered your previous question in a hurry as I was distracted momentarily Yes, wait for close of bar before interpreting volume. Kind regards, O N D

Trade Anatomy - ramblings of an old-timer

It forms along with the bar it is directly underneath.

Trade Anatomy - ramblings of an old-timer

I'm very grateful LVG Annotating MT4 charts was rather cumbersome for a man of my dubious talents so I'll definitely give this a look. Thank you. Kind regards, O N D

Trade Anatomy - ramblings of an old-timer

Hello Please initially refer to the chart example I have posted for weekly Aussie chart. I knew posting this and referring to 'tick volume' within MT4 would raise some questions but have a look at what I've posted with an open mind and then let's ...

Trade Anatomy - ramblings of an old-timer

I'll give you all a chuckle. I'm a very old, British, white, middle-class male and I've just been analysing a chart listening to... Public Enemy's greatest hits.... "Don't Believe The Hype ... it's a sequel" haha Kind regards, O N D

What kind of music you hear while you trade?

As promised, I have attached a weekly chart for the Aussie. My technology wizardry is limited but hopefully the markings and text are easily understood. Each down arrow represents a point I have attached a commentary to. I want to introduce the ...

Trade Anatomy - ramblings of an old-timer

Hi again We are at a disadvantage when trading spot currencies because of the structure of the market. That being said, we can still make some tentative use of tick data. If you are using MT4 for charting, add the 'volume' option and you'll have ...

Trade Anatomy - ramblings of an old-timer

Astellas, I agree, there is likely most benefit in now doing some basic analysis of a few charts. I'll start with the Aussie soon. Just a quick note about the hourly chart and your open trade ... tick volume has dropped off sharply on the last two ...

Trade Anatomy - ramblings of an old-timer

Congratulations on reaching this realisation so soon in you trading career, Hanover The post below by LVG sums up the truth of the matter very well indeed. Kind regards, O N D [quote]

On the topic of BS in trading forums...

I think you need to look for synergy between the timescale you are trading and the length of time you want to ride a trend. Perhaps I have been too keen to impose structure on the development of this thread and have, as a result, kept matters too ...

Trade Anatomy - ramblings of an old-timer

Whether someone is outwardly confident/arrogant or cautious/doubting doesn't necessarily indicate anything. It is my view that most of us are saddled with a limiting sense of our own self-worth in terms of what we deserve or what we can achieve. ...

AHA moments in your trading career

Believe! — This post is primarily aimed at those who have not yet achieved consistent profitability but who haven't yet become so defeated or cynical about the prospect of doing so. Hard work is important, of course. Dedication and honest ...

Forex Trading for a living... anyone?