Absolutely use BRV's stuff. His thread has it, and he has some great additional material on his website, url . That is the basis for what I'm doing, although I do use PA sometimes. For exits, I need room for the trade to run at least 1.5 times my ...

XXX Confluence Scalping Method

The confluence was with the 38.2% retracement of the move on a four hour chart. The higher the timeframe, the stronger the pivot, first monthly, then weekly. The closer the confluence, the better. On four hour time frames, 10 pips is ok. S/R trumps ...

XXX Confluence Scalping Method

I'm baaaack! — Sorry guys, I'm back. I just started trading a fund and I'm getting used to swinging a much bigger line. I've got some charts for you guys to look at, and I'll hit the questions that were asked. Here's a great trade I called ...

XXX Confluence Scalping Method

Zoom into a five minute chart, and draw a trendline in the direction of your trade. When that line is broken, exit. I use opposing support and resistance as targets.

What Is Best Indicator For Getting OUT of Trade?

Bloomberg Currencies, FXCM's IFR feed, your brokers news feed if its good. The large ones on the majors are most important.

No Brainer Trades

I'm that 20-something. It's called support and resistance. That's it. Just a few lines, some fundamentals and a bunch of patience. After 18 months of testing every indicator and magic system on this forum and some that weren't, S/R is the ...

A Systematic Approach to Markets

I read his biography. He had a very real understanding of currency fundamentals as a result of having lived in Europe, England, and America during the formative years of their post-WWII recovery. He trades off what we would call "weekly and monthly" ...

How George soros made his billions

High time frames(four hour+), support and resistance, NO indicators. Get a decent six month record and take it to a trading firm if you don't have enough capital on your own to make it. If you do, start out trading micro lots with a couple thousand ...

What is the best strategy for gowing an account quickly?

PFG is good, Dukascopy is probably the best. You're from the Cyrox forum right? I think they have FXDD for $2500 accounts. If you want a really good ECN broker, pick one WITHOUT a retail side. And you'll have to trade round lots to get the best ...

FXDD Currenex Platform...

No Brainer Trades for me

Vote the most profitable method

The key is planning. If averaging fits into your "plan" then its fine. If you took an full initial position, and then just average to try to get out of a loser, risking more than you planned, you will run into an outlier that will wipe you out. You ...

Averaging when already In the RED....

Roland Campbell — Roland Campbell from Millionaire Traders averages down as his primary method of trading. I've seen his personal and managed account statements. Sometimes he takes 6-8 averages in one trade. Its powerful as long as you use ...

Averaging when already In the RED....

I'm at step 31 Just chuggin' away.

38 Steps to being a Trader

Oh, its not too good to be true. It works, and many people clean up on mean reversion strategies with aggressive compounding. They don't post here because they're out on a beach somewhere, lol. You just have to use a broker with honest quotes. Just ...

EUR/USD Scalp 1 min

You might get an initial fast run up before you catch their attention, but you'll know it when they flag you. Then you'll have to use direct access brokers, such as Currenex partners, ECN's, etc if you want honest execution. And no, I don't work for ...

EUR/USD Scalp 1 min

Oanda Slippage — Very insightful strategy Hoss. I'll probably implement it as a trigger with my S/R levels trading (no brainer trade-style) You may find when you go live with Oanda and begin making abnormal profits that they will begin to slip ...

EUR/USD Scalp 1 min

Reward Risk — What is your hit rate? Your losers would be 2-3 times larger than your winners.

Heral System

I called this trade because the S/R level of 1.2660 and the fib level of 38.2% were within a couple pips of each other. Price was exhausted after a hard run up and due for a turn. I put the most emphasis on the clearest pivot. If you are refering to ...

XXX Confluence Scalping Method

EURUSD Scalp — A bit after the fact, but too busy to post it today. EurUsd scalp taken at the confluence of the 1.2660 pivot zone and the 38.2% fib level. Drawdown, 5 pips, max payout, 60. We made 1.5x risk on this one.

XXX Confluence Scalping Method

Petebird, Nice start so far, but it would help to become MUCH pickier. Ask yourself, is this OBVIOUS to everyone looking at this chart or not? Especially in these recent consolidation markets. I took only 8 or so confluence scalps in the entire ...

No Brainer Trades