I will show some examples of putting some of this together soon, I promise. However, do this first...... Draw S/R lines on as many weekly charts as you can get. (Stocks, forex, futures, it doesn't matter.) Do it until you start to have bad dreams ...

Silent Service Method

Certainly a good example of what I look for. I know that this area could give us some opportunities.... CW

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EXACTLY. The USD/CAD is very interesting to me at the moment. If you look at the monthly or weekly.... 1.30 is a HUGE SPOT. It's places like these that we can take a trade and hang on forever. If it will only show itself. We must wait for it's ...

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Exits are something we will have to works towards....the reason is that I could write a 500 page thread on that one alone. I have at least three different exits that I use consistently. CW

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The engulfing bar. I use 30 pips on this pair because it's AUD/NZD which has a ridiculous spread.

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Engulfing bar. — This is a chart of a bar I like a lot. It's called an engulfing bar. It engulfs several bars before it.....shaking a lot of traders out. I love these things, but they are kind of rare.....

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I didn't measure it.....but it didn't break short did it? If not, this wasn't a trade anyways.

james16 Chart Thread

Anticipation vs. Reaction. — There is a commonly used series of phrases in trading that say something to the effect of: "Never go with the herd." "You should always look at things differently." And things like that.... Here's my take on that: ...

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Odd how that happens, huh?

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Yes, the two other areas in the center are more or less minor. They DO show some strength, and can be traded, but just by the fact they aren't at a swing high or low, they are second-class trades. Clockwork

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On breakouts, yes....I tend to wait for some kind of support confirmation.

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As with the example in our AUD/NZD charts above, all trading can be narowed down to one thing: Did we, or didn't we break through support/resistance?" It's that simple. We are watching how price reacts to a S/R zone. Either it will hold, or it ...

Silent Service Method

A quick example. — This is a horrible pair to trade. Choppy, choppy, choppy. However, on longer term charts it acts the same as most other pairs. These two charts show an example of playing a pinbar on the daily chart, based on weekly S/R ...

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Different time zones.... — Rabid's question is valid. Asking about different time zones is something that is very common. However, all you can do is play the charts you have. As I posted earlier, it's not that the pinbar itself is magical, ...

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This chart is an example of a breakout, and pullback. Waiting to see if that pinbar breaks, good setup.....hopefully it will breakdown hard for you. I would suggest that if it gets towards the bottom, I would be break even with my stop by then. ...

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possibly, but i would have liked to see the gap fill a bit more......B trade imho.

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You two are breaking one of my cardinal rules: "Never, ever, under any circumstances take a trade right before an interest rate announcement." Anything taken in the AUD based on those set ups was nothing more than gambling. The RBA decided not to ...

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Let's ask a more important question: Why are we 1 - calling out signals 2- listening to random people on forums as to where to take a trade or exit? If you want to lose money in the markets, you can do it all on your own, I promise. Clockwork

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I use specific bar patterns. But if it goes against me, so be it. I don't flip-flop on trades. Besides, this pair is a mess.....I feel no real need to be involved in it. (Or it's twin-sister USD/CHF) Clockwork

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In response to Rabid's post above, I thought now would be a decent time to write about this. "You need to know the pitch that's being thrown to you." Trading is similar to batting in baseball. (or cricket for that matter) The pitcher throws a pitch ...

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