do you figure your pivots yourself or do you find them posted somewhere? I have S3 at 0090. Maybe I'm entering something wrong.

Cable Update (GBPUSD)

Sorry, Tiki, but I'm a little slow. what do you mean 'when price gets to xx25 xx50 etc'. You mean when it retraces to those points or reaches those points in a trend or both?

Cable Update (GBPUSD)

Not trying to be a smartass, but Alice and the rabbit were not in the Wizard of Oz. That was Dorothy and her dog Toto. You must be thinking of Alice in Wonderland.

Cable Update (GBPUSD)

All I can say is, I've been burned a couple times trying to follow COT data. commercial traders have deep pockets..... I don't. It's good information to know but I don't put much merit on it when it comes to day trading. It may take a month or more ...

The COT report

LOL!

Here's a good idea on trading...what if

Theory of Relativity — It's all relative.... How much is a gallon of gas or a six pack of beer in the UK? It makes no difference to me if the USD is going up or down, as long as I'm on the right side of the trade when it moves. David

What will NY session see when it wakes up?

I just keep an eye on my dog right before the news release. If he scratches his right ear, I go long.... left ear short. If he doesn't scratch, I don't trade. Seriously though, good post, Fiona. you're absolutely right.

NFP and rumors around

Divergence — Also noticed MACD divergence on the 1H chart on GBP, EUR and CHF.

GBPUSD

I place my stop behind the next S/R level. preferably the next fib level. I don't use a specific pip amount but rarely go more than 30.

Breakout Strategy - The Pro's Way

I agree with you about the smaller ma's. However, I use the 200ema and 50ema on my charts and IMO, they offer an excellent 'moving' support and resistence level. I have found that if the 200ema is trending down for example, price will likely bounce ...

The switch from hourly to daily...and the psychological ramifications...

well said — well said, Nader. yesterday, i made the mistake of relying on someone else's opinion of what the usd/cad was going to do. he gave me reason after fundy reason why the cad was going in the toilet and encouraged me to buy on the ...

GBPUSD

a musician in nashville? you gotta be kidding! yeah, i tried that ma cross thing and it just didn't do anything for me. i basicly just use old fashioned support and resistence, trendlines, fibs, pivot points, and watch macd for divergence. i do plot ...

The switch from hourly to daily...and the psychological ramifications...

it's a good profession to learn. (trading) the way i figure, this is something i can still be doing when i'm 90 years old. that is if i can still remember how to turn on the computer.

The switch from hourly to daily...and the psychological ramifications...

yeah, i like phil... not too crazy 'bout dave though. how long you been trading? where did you learn? i've got most of my training through peter bain and staff.

The switch from hourly to daily...and the psychological ramifications...

dukeofdents, what part of nashville? i live in hendersonville.

The switch from hourly to daily...and the psychological ramifications...

I'd like to take a look at that Russian thing if you wouldn't mind..... Thanks, David

New profitable System - Sidus

Well said — Well said, Bagovino. I would also add key levels of S&R such as recent swing highs/lows, yesterday's high/low, the figure, etc. Price may very well go through these levels but it may retrace enough there to stop you out if it's ...

New profitable System - Sidus

what simulator? — Could you give me some info on the simulator you purchased? I've been looking for something like that to practice with. How much does it cost? Where do I get it? Does it work good? etc, etc. thanks, Dave

Charting Vegas System without the indicator?