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stevepatt replied Nov 18, 2014Hi sainthun, Looks good, I'm watching it on Daily.
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stevepatt replied Nov 17, 2014Hi mig; Glad you liked it
I'm really crap at predicting what the market will do, the AUD/USD trade, I highlighted early, is a good example. I thought the market was going to go down to 0.84 0.81, which it might still do of course, but certainly ...Nihilist Forex Indicators
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stevepatt replied Nov 17, 2014Hi unimak; Keeping asking questions and you might get lucky, read and you'll get the answer that you are looking for. Check the paperclip, top right, do you see Nihilist posting any mql4 indicators?
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stevepatt replied Nov 16, 2014Hey MKFXTrdaer, Why have you pulled your last post? Just wondering, because I'd really be interested to know how you trade to be able to shoot for a R:R of 1:5 whilst ultimately aiming for 1:10 R:R. Wouldn't it be easier to keep exiting with a ...
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stevepatt replied Nov 16, 2014Hi Alorente, Nice to hear from you. I take your point; I know it doesn't seem like it, the amount I've been posting lately, but my time to trade is limited. So I can only trade the Daily charts which as you say exposes me to the fluctuations of the ...
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stevepatt replied Nov 16, 2014The USD has been very strong across all pairs, in contrast, the JPY has been very weak across all pairs recently. From 1.30pm to 9pm GMT, on Friday 14th, there was 9 News releases scheduled 3 of which where Red News. Yesterday there where G20 ...
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stevepatt replied Nov 14, 2014Hi jpadvisor, Thank you for the link it makes for a good start to the subject. Here's another link to some good articles on Money and Trade Management. url url url Like i said in a previous post Nial's site has a multitude of, very good, ...
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stevepatt replied Nov 14, 2014Hi mara, Looks like USD Red News has come down on my side, this time. I don't mind Trading D1 with Red News pending it's only when trading below D1, with a small SL, that it can become a major issue. Good luck with the GBP/JPY trade

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stevepatt replied Nov 14, 2014Hi jpadvisor, Thanks for your suggestion. The problem I have, personally, with any Trade Management approach is that there is no statistics to support your choice until there has been a substantial number of trades taken 1000+. We don't know, for ...
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stevepatt replied Nov 14, 2014You might well be correct and this is the start of a Bearish move on GBP/JPY. But we have to take what we can see into account, Wednesday's Bearish move was Red News led, there is a Daily Most Recent Active Low (MRAL) below us and the 180 BRN which ...
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stevepatt replied Nov 14, 2014The above Trade is an example of terrible Trade Management on my part. See image below Post 5,108 I exited the USD/CHF D1 trade at BE the EUR/USD trade is still running, again this is not good Trade Management I should have got something out of both ...
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stevepatt replied Nov 14, 2014Hi Piprader, It is certainly an option to monitor a trade in a lower TF, to look for possible reversals, but this can also lead to exiting a trade too early. Once we get into Trade Management we get into the most important subject in trading. ...
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stevepatt replied Nov 13, 2014Hi ghost walker, RockRobb, I tend to stick to the major pairs. The most important Swing Points are, always, the ones closes to the Market Price, it's the nearest BRN - RN to these points that dictates the number used. I tend to only plot the nearest ...
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stevepatt replied Nov 13, 2014Hi forexday, Yes, I draw the levels in manually. I look for the most obvious Swing Points on a Weekly or Daily chart and look for the nearest Round Number or Big Round Number to that Swing Point. BIG MONEY hangs out at RNs and BRNS and the Swing ...
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stevepatt replied Nov 12, 2014Hi olisavictor, When you have the Primary Trend and your Trade Direction are in line and you know where the Weekly/Daily Swing Points are you can look to take entries early on your Trigger TF. I hope you don't mind me pointing this out it is, of ...
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stevepatt replied Nov 12, 2014USD/JPY W1/D1 I've got a Buy Stop 5 Pips above yesterdays Inside Candle and PB this Trade Setup formed at Weekly Support/Resistance The bottom, Weekly, chart shows the 115 Round Number acting as Support/Resistance in the past.
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stevepatt replied Nov 12, 2014Hi Purec, It's a good idea to have both the Weekly and Daily Charts up together to get a good comparison. I also like to mark the Weekly Swing Points to the nearest Big Round Number-Round Number. There's an indicator on this chart that displays, ...
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stevepatt replied Nov 12, 2014Hi mara, Does the chart below more or less line up with what you where seeing? I think you got lucky with this trade if the 10.30am GMT Red News had gone the other way it would have remained Bullish. I don't like to rely on Indicators for trade ...
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stevepatt replied Nov 12, 2014Hi Xbd. The chart below should explain, I hope. If not go back over the pdfs and videos to see how it works. Mara makes a couple of good points above, when the market makes a New High (NH), in an Up-Trend, we don't know if it will be a NH or the ...
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stevepatt replied Nov 12, 2014Hi mara, Tell me what you where seeing that made you predict it was going to reverse 16 hours ago? Because the images below shows what is actually making GBP pairs weak right now not your prediction 16 hours ago. Also, check GBP/CHF at 10.30 am GMT ...
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