I missed the comment about candle closes. I ABSOLUTELY agree the close of the candle IS important.

Ridiculous Trading Myths

Trading is gambling — Every time you buy something for a price and hope to sell it for a profit you are taking a gamble. You can always improve your odds of making a profit, just like cards or forex. I know nothing at all about gambling and ...

Ridiculous Trading Myths

Ok Machi, one last point and please don't think I am picking holes in your strategy. You seem to be basing your entries on solid SR analysis but your targets on the need for a certain number of pips. If you have to make up for a lost trade by adding ...

My 30 pips Daily and my 45% Weekly Journal

Hi Machi, adding a previous loss to the next trade makes no sense to me at all, each trade should be unique from a previous trade IMHO. There are exceptions of course. Good luck.

My 30 pips Daily and my 45% Weekly Journal

So true. Yet again Cindy starts another very inspiring discussion with some very interesting and useful contributions. Thanks all. I too have followed, but failed to emulate many successful traders methods on this forum and elsewhere. The experience ...

Let's be Honest

Too much negativity. — I wasn't going to bother with another reply because I have nothing to prove. With regards making 1% per day and turning 10k into a million in a year or whatever, I never meant to portray that at all. One last comment ...

are you trading for a living?

Nice trade Dave, glad to see you are still about.

Higher low, lower high system

Good comments Twelve. The problem I have with starting with 100K account size is that you will most likely lose it all anyway with bad money management etc. Starting with $100 micro and trading pennies using strict mm as you go, never risk more than ...

are you trading for a living?

Loving the calls Nick, Cable just hit TP2. CAD was unfortunate but I set my entries at 1.0070 and 1.0090 and got out with a few positive pips before it turned up. Cheers mate.

Pro Swing Trading

shorted CAD/JPY using the m30 LH and m5 trend this morning.

Higher low, lower high system

I too hope you and Mrs V are ok — A while back I posted the EURGBP LH on the daily chart. It has been kind with the pips. I meant to post the 1st chart on Wednesday, pure support and resistance levels and the odd trendline work well don't ...

Higher low, lower high system

chill

Trade What You See - Almost Naked Trading

Hi LG I have incorporated your beautifully simple method into my existing trend trading strategy. I just had to post this trade. GJ was just begging to be sold. I used H1 for the entry. Thanks.

Trade What You See - Almost Naked Trading

I shorted AJ this morning and grabbed a few yesterday shorting EG based on the daily LH, I love this pattern.

Higher low, lower high system

All good comments Tuner. No doubt Machi will get a bunch of I told you so's now, I am not one of them. Machi, I couldn't even begin to do what you are attempting to do here by calling trades live in a journal. It is just additional unnecessary ...

My 30 pips Daily and my 45% Weekly Journal

Love the indi, thanks for all the hard work Steve, Gspe and Scrutch. Brilliant work on the thread LG and all participants. Thank you all.

Trade What You See - Almost Naked Trading

Mate I totally agree with you, I wish I had never got into a convo about fundis. Fundis are there, I know that, I cannot and do not want to trade them, there is absolutely no need for me to bother about them, candlesticks and a few static lines tell ...

Ridiculous Trading Myths

[quote=Vantage;4152688] Yep I agree Dave at the stage I am in my trading I do watch five or six pairs, I have my favourite three or four that I trade but I mostly just trade one at a time. That way I can cherry pick the best setups and hit them with ...

Higher low, lower high system

Like I said, that's the way I see it and trade it. PA just allows me to ride on the back of fundis and the big money. I am not trying to convince anyone of anything here, I have spent serious time and money working out how best to profit from the ...

Ridiculous Trading Myths

To me that is just market makers / dealers capitalising on news announcements. If you were trading a weekly chart you would hardly notice a spike like that.

Ridiculous Trading Myths