We will wait and see what this one does. But what you are looking for is how the bars form, and if it becomes support after a breakout. (i.e. a break out and pullback.) Hopefully it will give us a good example. It's time to crash for the night, but ...

Silent Service Method

A chart I am eyeballing.

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This pretty much answers the question in the post before it. CW

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It appears you have bought it at the lows of several bars. I would advise letting this pair do whatever it wants to do for a bit - it will show what it wants to do very clearly once it's decided. A big move to come I believe. I might have let it go ...

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Actually, I am already short on it with a small position. I am thinking of adding as it drops. We will see.

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Fair enough on the MACD.....but I have also seen several references to 1/3 1/2 and 2/3 retraces as well. Old stock guys like 'em it seems.

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Ironically, the MACD can't actually measure anything in forex, because you would have to know the amount of trades placed, etc for it to be accurate. But, everyone else watches it.....so that's what makes it important. Just like 50% isn't a Fib. But ...

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Try strippers and vodka. It can't hurt.

james16 Chart Thread

so if you need to tell a few people, it's a sign of a lack of self-esteem, which tends to lead itself to a feeling of "needing" to prove oneself. If you feel that, then it might explain why you would "hate" to brag, yet go ahead and do it, when you ...

Am I the only one ?

You will find that having as little on the chart as possible makes it clearer in the end. If you think about it, how did you come to put indicators on your charts? You took losses, and were trying to "figure out" trading. You put another indicator ...

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Perfect example.

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I only use volume on stocks. Volume in forex is a myth, because there is no central exchange to measure how many trades are being placed. DO NOT TRUST VOLUME IN FOREX! However, you can use it in a place like the NASDAQ. As far as MACD, I use it to ...

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I don't know, maybe it's a throwback to when I didn't think it was possible to get rich quick enough trading larger time frames? A lot of the time what I will do is look for a pinbar within the weekly pinbar. (example.) It's a show of weakness none ...

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Can you make money trading? If not, then how are you going to teach these people. And trust me, at minimum wage, you aren't going to get people to care about your money at all. And by the way, yes you would still need the series (whatever) if you ...

starting a trading house

I don't to be honest.

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If you can afford it, Bloomberg offers a terminal....but it's mighty expensive.

Forex Live News Feed?

There really isn't any criteria, it's more like a subjective call.

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This also goes along with stock markets and the ridiculous run up they had last week. 9% in 5 days? Please.....so it makes sense it looks like that. I am not anticipating anything....that leads to taking "so-so" trades.....but I agree, we are at ...

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This chart is kind of a mess.....but it's not your fault - this pair is a mess. I don't like seeing so many lines, this is why I am ignoring the EUR/USD for the most part.....too many "areas" at the moment. But, you have the general idea my friend!

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I don't think anything about #1 personally - moving averages are a waste of time. As far as #2 is concerned, just because the trade is at S/R areas does not mean it's counter-trend. It could be a pullback, etc. CW

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