@LauraT - Embarrassing question for you (embarrassing to me, that is). What do you mean by "active trade management"? I have this visual of you sitting in front of your monitor all day. Is that accurate? Thanks.

Daylight Trading Strategy

I'm not complaining - but this is about 20% of my weekly goal. Got to figure out more entries or better trade management. Anyway, thanks again, LauraT, your basic daylight strategy is a winner.

Daylight Trading Strategy

Laura T, I really enjoyed post 801. It reminds me that it might be time to reread Primg and see what I can now get out of it after a few years of experience. I hope you post more of these. Sorry for the late reply, I'm on vacation

Daylight Trading Strategy

Looking at Barraka's contribution. Wondering why the highlighted entry wasn't pointed out (blue box) image

Daylight Trading Strategy

Not a bad week. What a great strategy. Now to work on exit timing. image

Daylight Trading Strategy

Laura, Just wanted to say thanks. While I found your 'Trading Made Simple' method intuitive, that darned day job kept me from being able to actively monitor. This new method lets me trade at a higher timeframe (H4/D1) with some confidence. Just had ...

Daylight Trading Strategy

Kelly Criterion management is new to me. I've sussed out most of it; the one area eluding me is coming up with a reasonable probability number. Can anyone offer guidelines? Clearly I think my edge gives me a greater than 50% probability; but that ...

What I learned after losing $300,000 trading forex

Wow - got my butt kicked this week. Laura T - the big losses are from D1 trades with stops set at swing highs/lows. Stops have always been my Achilles heel. I am thinking of using a blanket twenty pips, but am wondering if that will be sufficient ...

Roadmap - A Way To Read Markets

Here's a trade I am currently in. Note that the SMA200 is all in the same direction (momentum). Note the RSI (more momentum). I simply followed Laura's rules from there. TP is the DayLo, SL is approximately the ADR high on the D1 (H1 is shown). I ...

Roadmap - A Way To Read Markets

Sounds like something to hone in demo. Thanks for the quick reply!

Roadmap - A Way To Read Markets

I won't take a position until the SMA200 indicators all line up (except for weekly) as well as the RSI direction, Laura's rules for channel trading and technical analysis (chart shapes such as flags, wedges, etc.). How do you use the short time ...

Roadmap - A Way To Read Markets

Laura T - Thank you. It took a little studying, but I am beginning to understand. One question (for the forum as well) - I've noticed that the more experienced traders pile on positions at timeS. Stomach for risk aside, how does one determine when ...

Roadmap - A Way To Read Markets

Been studying this method and the ones in links in post #1. Think I found a decent short setup, wanted the group's opinion. Thanks in advance! image

D1 Elasticity Pullback Trading

I am trying to develop a rule of thumb for SL by timeframe. E.g., FXCyborg indicated 2-5 pips for M1; I noticed 25 pips somewhere in this thread on H1. I was taught to put my stop past the local structural high/loow, but that doesn't seem to apply ...

High Level Accuracy Method With Little To NO Draw-down

New to the forum. I think I get it. Is this a legitimate setup? Thank you. image

High Level Accuracy Method With Little To NO Draw-down

TDI is off, PA is currently following the downward trend, and timeframes are not aligned. I think I'll watch this one.

Weekly Pivot trading with TDI

Yes, that's what I meant - one never knows where the trend will turn.

Pivot Trading EA

Have you considered a variable that would allow the user to declare a trend/break in trading? E.g., if a trend goes past R100 or S100, I would not want any (counter) trades opened.

Pivot Trading EA

Well, isn't this frustrating. EURGBP turned as I knew it would, but the 72 hour trade lifetime kicked in. Aarrggh.

Pivot Trading EA