Just subscibing to this great thread. Thanks

Nearly Naked (Simple Trades)

Funny that you raise this question. Just yesterday whilst doing some research I also came across material where it suggested using a line chart for plotting S/R levels. I am kind of pro candlesticks though. Would be interesting to know Custos ...

Trend Trading All Pairs

Hey Musashi I have downloaded but am yet to install and actually learn to use it. I saw one or two of the videos on the link.... seems to be pretty powerful.

Trend Trading All Pairs

I type too quick and therefore made some errors in what I said. Those blue lines ARE hourly So, to recap - 1. Black = Weekly 2. Dark Blue = Daily 3. Light blue = Hourly Sorry for the typo guys!! Nevertheless... I still have to cut down!

Trend Trading All Pairs

I see what you mean. Thanks for the clarification. I must say, trading with the trend using this method should offer more pips. However, on the other hand I like the fact that with this method I can continue trading in ranging markets without ...

Trend Trading All Pairs

USDJPY - Potential setup for this week? — Could this be a potential setup to wait for this week? USDJPY Daily, 4 Hourly and Hourly chart attached: Black Lines depict Weekly S/R Levels Dark Blue Lines depict Daily S/R Levels Light Blue lines ...

Trend Trading All Pairs

Thanks Custos. Your help is very much appreciated here. I read through the No Brainer PDF manual on S/R trading. Thank you so much for having posted the link. With regards to this "system", do you look for a minimum risk reward ratio before ...

Trend Trading All Pairs

Hi MktScape Thanks for the heads up. I also recently searched for something similar (mainly to be able to drag drop SL, TP etc lines) to make managment faster for me. I came across what looks to be a pretty powerful manager for MT4. I have not ...

Trend Trading All Pairs

Oops...sorry about that man. Should have read through before posting. Been staring at the charts to long Thanks for the heads up!

Trend Trading All Pairs

GBP/USD — GBP/USD It is a friday and I am not keen on entering a trade this late. However, what do you guys think of this setup? Top black SR seems ideal for a short as it is close to a round number as well as the 61% Fib level. PA seems to ...

Trend Trading All Pairs

GBP/CAD — Same with GBP/CAD. It is already above its weekly 3 resistance level. Is a drop to be expected? Is this a trend change? Your thoughts are appreciated.

Trend Trading All Pairs

EUR/CAD — Custos, thanks again for your input on my previous post. As you will see I was hopelessly mistaken on that one and price has just been going up and up. As for the EUR/CAD pair, what are your thoughts on it? I feel that a shorting ...

Trend Trading All Pairs

Is this a potential short setup forming? — Chart: EUR/CAD The majenta line (resistence), 61.8% fib and trend line seem to confluence in the general area of 1.26717. Could this be a potential short opportunity? The main trend is down.

Trend Trading All Pairs

Thank you for the explanation. It actually did go up to 16 pip spread whilst I was in the trade hence why my profit at the time was reduced. I see it has come down to the normal 5 - 6 pip spread range so all is good. Learnt something new today

GoMarkets Discussion

Spread after market order — Hi Just need some clarification. I went short on the EURCAD pair 30 - 45 mins ago at which time the spread was 6 or so pips. Whilst in the trade, at one point I was 22 pips positive. I saw 2min ago the spread is ...

GoMarkets Discussion

Excellent call Custos. I admire your accuracy and ability in spotting these setups. This move is already 60 pips in your favour and momentum is still strong. Well done.

Trend Trading All Pairs

First time I heard of Murray Math.... must be it! Guess it I better google it and see what it means. Thanks PurplePatch.

What does M1, M2 etc stand for in Pivot lines?

Hi Red Thank you su much for taking the time to respond. I was aware that M stands for monthly, D for Daily and W for weekly. However, my question was not clear enough... I have attached a screenshot to show you what I mean. There are some lines on ...

What does M1, M2 etc stand for in Pivot lines?

Haha... you are totally right. This weekend I have been experimenting drawing weekly S/R levels and then I used a Pivot indicator to see how it identified the areas and it was very close to what I had... very close. The previous range I gave was ...

Trend Trading All Pairs