The high and the low of the previous week/month/day are common points of s/r obviously but the retraces and extensions of the above are good points of confluence.

james16 Chart Thread

Nice profit. I hope you get to keep it & continue doing well in the future. Way to go.

Am I the only one ?

You can use the correl() function in excel on historical data and determine what is normal and what isn't.. orrrr you just open up the ratio chart of eurusd/usdchf aka eurchf and see if it's trading around its mean or not You pick the timeframe

Calculating correlation divergence

Hello sheled. Do not despair just yet. A year means nothing. Hopefully you've tried multiple trading styles by now? Contact me in private if you are in central Israel and would be interested interviewing for a position in a prop firm. If accepted, ...

Notes from a consecutive loser's diary...

Without knowing if those order have been executed or not, you'll be in the dark whether the buy/sell pressure is real or artificial. In stocks when scalping the combination of L2 and Time n Sales is very precious, charts become secondary. You can ...

Level II trading tips

Looking forward to tomorrow's hindsight analysis, meanwhile picking up some small longs.

Reading The Stupid Dogs' Mind

First break of previous week's low during low volume hours is a statistically proven FADE, particularly once a support is hit. Where are your silent dogs??

Reading The Stupid Dogs' Mind

It goes beyond handling losses emotionally. Sounds like you are not one to give up, so analyse your trades very carefully, both winners and losers, come up with some statistics that will guide you towards maximum profits and minimum risk. You will ...

How to deal with the losses??

Well it is unfortunate for those suckers that handed money over to imran.. nice little lesson. As for you, you were lucky enough to get profit in the first pool. But obviously, your post will be buried like the one in Feb and within a day or two ...

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

Not even trading it, just my objective analysis. Seems like it has hit a resistance and may find support at 1.03, or not. But bidders have been willing to pay higher and higher prices over the last few months. What else can be said.

USDCAD trend reversal?

Clouds, why such a debilitating bias? You're only seeing what you want to see, respectfully. Here's what is actually happening.

USDCAD trend reversal?

I saw this new indicator recently on another website, perhaps it would be useful for you

Can anyone recommend a good daily indicator

This type of sentiment analysis really shines when one wants to know when when bulls or bears are being excessive.. "bullish, bearish" etc is probably not so useful for most people. But if you can define "extremely bullish" with standard deviations ...

FOREX Inter-Market Indicators

For the How and Why of what Spieler does you really need to read about statistical arbitrage. "Handbook of Pairs Trading" and "Trading Pairs - Capturing Profits and Hedging Risk with Statistical Arbitrage Strategies" should be a good start, with the ...

Correlation/Price Crossings Trading Tips?

I think the best use for Stochastics is as Stoch. Compost. Just dump it in a bin like this one and in about 2 weeks you will have compost ready to use for your garden. Now tell me, what does stochastics show that is invisible to the naked eye?

Best use of Stochastics please

Google is your friend. Look up technical indicators and then forget everything you read.

how to check daily trend ?

If price turns on you frequently once your stop order is hit, a stop-limit order will serve you well. However this is not available for MT4 users. Stop-Limit will wait for price to hit X then put in a limit order.

slippage with stop orders

CindyXXX: Your thoughts are disorganized. topforex: url

how to check daily trend ?

You need more identically calculated indicators on there, that will make fundamental principles of supply and demand even less relevant than you've already made them.

5 Min Keltner System

Well in that case, you're going to have to stare at charts for a while to get a feel for the rhythm and character of the different fx pairs. Volume won't do you any good as it is not a centralized figure. I don't know how you trade, whether you need ...

Do You See A Trade Here? (A Professional Stocks/Futures Trader Is Coming To Forex)