You can do that as well but I would add a rule to it in order to better define the rule such as the trendline (SMA 50) is not valid until exceeding an angle of 30deg or whatever rule you want to wrap around it in order to better define things.

How can I draw trend lines correctly?

Trendlines are like art. The beuaty lies in the eye of the beholder. They are subjective in nature but when you draw them according to your own rules you can make them more objective. Once you make them more objective you will have greater success ...

How can I draw trend lines correctly?

Nice post Sarythsaya

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Mark, While a transition may go smoothly from GFT to another broker, I have also seen things go not so smoothly and peoples funds were at risk. It would may be a good idea and withdraw your funds and find another broker to trade through until you ...

no regulations stopping US residents from opening offshore accounts

Well since I am on military duty at the moment and Sunday is my down time I decided to mess around with this idea of the probability and make a practical example. Now I am in by no means a mathematician nor do I pretend to be. There is likely to be ...

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Nice post Pip. Fibs drive me up a wall. All kinds of opportunity for subjectivity and everything else. Pure craziness!

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I can respect where you are coming from here. But having read all of CP's posts it takes a little deciphering to understand some of the nuances. Otherwise it sounds like he is contradicting himself. For example following the market and following the ...

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Get out of my head!!! LOL We are are on the same page here totally. I have run a successful business, been a partner in a successful business and I have run a couple of real duds too. But they all had one thing in common "RISK" Accept the risk and ...

Take a Loan to Trade?

I would honestly say this depends on the trader. If you have a proven profitable track record (of a minimum 2 years) and your returns exceed the cost of the money borrowed then yes. This is no different than how any other business is operated. We ...

Take a Loan to Trade?

If you don't have the discipline to keep an honest journal, then you do not have the discipline to be a successful trader. Yes I know it's a blanket statement and I know there are traders who don't keep a journal and are profitable. The bottom line ...

Difficulties of Keeping a Trade Journal

Hey Palabara, Sorry I should have tied that to this post. My bad... So as you can see entering long on that initial break put you into a +9 pips position and as the end of the hour rolled around it started to provide a pullback. Need to be ready to ...

Scalpers Lounge: for scalpers to share thoughts, ideas, and plays

And the follow up for the close of the HR

Scalpers Lounge: for scalpers to share thoughts, ideas, and plays

Just a quick snap shot to show what we have been talking about in regards to the last 15 min of the HR.

Scalpers Lounge: for scalpers to share thoughts, ideas, and plays

I will have to pull up some charts and take a look at what you mentioned here. I think I got what you're saying but not positive. As for avg pips won... I avg between 12 and 15 pips per position per trade. But the thing about that is it's an avg. ...

Scalpers Lounge: for scalpers to share thoughts, ideas, and plays

Nice stuff you're putting out here Palabara. Don't know if you have it but you can grab a program called Snag It for capturing snapshots of your trades. Also I know you mentioned about your basic setup but I don't remember reading how you use MACD ...

Scalpers Lounge: for scalpers to share thoughts, ideas, and plays

If in fact this is a question then the answer is NO. Just because a nugget lights a fire does not mean you will ask the right questions. There are many ways to trade the market profitably. There are better ways to trade the market more efficiently. ...

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Hey CP I apologize if I may have contributed to the confusion with my posts. It is just that as you know once you understand some of these concepts and seeing them and applying them to not drop nuggets to light sparks in others minds so they can ask ...

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I agree wit this. I have attempted to do the Asian session but I have found myself sitting and starring, and finding an entry then sitting and starring some more... realized the grass in the yard grew about 3 inches while I stared... then finally ...

Scalpers Lounge: for scalpers to share thoughts, ideas, and plays

Couldn't have said it better myself. I think this is also one of the biggest problems for new traders. They come into this looking to predict where the market will go for the next 24 hours and trying to bag 50 or more pips per trade. Rather than ...

Scalpers Lounge: for scalpers to share thoughts, ideas, and plays

YAY!!! — Long live scalpers!!!!!!! LOL Nice thread and the post about the strategy is really big for anyone who is just getting into this business. Patience, Discipline and Desire combined with being consistent and doing the same thing over ...

Scalpers Lounge: for scalpers to share thoughts, ideas, and plays