So the New Zealand trading day is considered off-hours? Oanda definitely does charge a huge spread on Sunday afternoons!

Is it really a gap?

Some good info here. url

How do you plot pivot points?

More info. Anything appearing on the same line is mathematically the same.

How do YOU calculate Pivot Points?

Well, I guess this is a moot point, it's already closed, as is the cable and the geppy.

Is it really a gap?

Attached is Interbank's chart. It shows a gap between Friday and today, from 114.21 down to 114.07. Just because they don't open until 18:00, that doesn't mean price wasn't moving. Is it really a gap?

Is it really a gap?

Flying — Excellent post, ubeee. And flying is such a good analogy. It's enough, at the beginning, just to fly the plane. But you have so many things to watch and keep track of, so many things you read or learned all going through your head and ...

Mental Barriers

Most are saying to go longer time frames, well, that very thing was destroying my trading, my morale, and my account. I started doing well back in June, url since then I didn't do what I found worked. I kept trying to trade longer term. url I ...

Mental Barriers

If you catch a huge trend, fine. Otherwise, you have a chance to kick yourself every 20 pips. A high percentage of the times I've set my sights on those big moves, I ended up with a loss. Also, if you're looking to catch a move like that, ...

Now I know why 95% of traders are on losing side

What we give — Every time I take a trade, I'm providing someone on the other end with something they want. Same with every exit. And, both of them, and myself, can all make money. I am also putting up my hard-earned dollars to add liquidity to ...

Now I know why 95% of traders are on losing side

Do you usually trade afternoons?

iandekoker's 5 profit target trades

You were a little ahead of the 35 on that one, and didn't have a fresh MA cross. What made you go in? There was a nice bullish candle just prior... Often my indicator is a candle late compared to your "eyeball it" signal. That might be why I've been ...

iandekoker's 5 profit target trades

Yup it was wacky — ... but I squeaked by. Whew. Discretion such as you've expressed is what separates winning traders from losing traders. Judgement makes or breaks any system. Anyway, I have a lot of confidence in those second arrows, so I ...

iandekoker's 5 profit target trades

1. Was generously given a system that fits my personality. 2. Had a talk with my mentor. 3. Still battling with that profit targets thing

Now I know why 95% of traders are on losing side

Long G/U? — Are you looking at going long the GU? Any reason not to take this signal? edit: Never mind, I know why I shouldn't have: 1. don't go long in a downtrend, even if it's short term. 2. Price needed to get back through the 2.500 ...

iandekoker's 5 profit target trades

YES! — You are right! For months I've been telling people that it's the hardest thing in the world to learn. After all, there is no other game where 90% fail and fail until they finally quit. That was just an excuse to lose. And guess what? It ...

Now I know why 95% of traders are on losing side

Position size calculator — This is very simple.

MM calculator

EA — Here it is. I've set the defaults to the settings most likely to produce results on the 5 minute chart, according to backtesting. Which is nowhere near the way we trade this strategy ourselves. Maybe a forward test with the 5 tp and 35 ...

iandekoker's 5 profit target trades

Did great with it today, thanks again. If I can just get it through my thick skull to take the 5 and be happy, I'll probably be filthy rich this time next year. Greed is powerful when it starts to seem easy to take money, and once a couple trades ...

iandekoker's 5 profit target trades

Thanks. I do try to make my posts accurate and helpful. Seems most information is only true to some people, some of the time. You bring up a good point about the capitol. However, after the trials of the past few months, I have to opine that it's ...

How many pips does a "successful" trader collect weekly?