Exactly right, thanks Intu. My trading style involves targeting areas of support and resistance on the S&P 500, right now I'm only taking long trades on the S&P 500. I'm not in an S&P trade right now, I'm watching it fall and soon, possibly in ...

What is your edge?

But are you will to share this edge? I assume it's something to do with momentum/price action, will you explain it in more detail and explain how you know that it works?

What is your edge?

Thanks for your reply Leon, And thanks to everyone who has contributed to this thread, a few people have definitely given me A LOT to think about. I'm certainly not one of the people who see near certainties, I'm not doubting that it's not possible ...

What is your edge?

Well I think you'd be wrong there. I genuinely do believe that the effects of the long-term trend do provide an edge on markets like the EUR/USD that are driven by economic fundamentals. I use this 'edge' to trade the EUR/USD. Whenever it makes a ...

What is your edge?

Thanks, so your edge is the news/events?

What is your edge?

It seems that on pair like the EUR/USD that trends well, people can almost never pick a top or bottom, therefore it's better just to go with the trend. The EUR/USD has been rising for a long time, but according to OandA's open positions ratio retail ...

Picking Tops & Bottoms With Support & Resistance?

That's mental!

The best movie about trading

Because hedge funds use less leverage perhaps? How many mini lots do you typical trade, how much currency are you exposed to?

Why do hedge funds have such poor returns compared to successful retail traders?

I've watched it form for the last few days now, and today hit the trend line. Surely if tops and bottoms can be picked this must be one of those times it can be done, right? But a little part of me is just not convinced that it can be done - still ...

Picking Tops & Bottoms With Support & Resistance?

I love these kind of systems; Donchian entry with time-based exit. They work especially well on the EUR/USD. Try an 80-day breakout and a 20-day time-based exit. The longer the breakout the more significant it is, breakouts start to really become ...

Donchian Trend Monster

OK, take profit on short and go long order adjusted to (0.95272+0.95721)/2=0.95496

Trading With Moving Averages

Yeah, please do get it for the USD/CHF and I'll test it and share the results.

Trading With Moving Averages

Well the long trade has been closed and a short trade opened at 0.96508. The short can't be closed today. To close the short and go long again tomorrow (Friday the 21st) I need (Wednesday's Low + Thursday's Low)/2 to be hit, I suspect the target ...

Trading With Moving Averages

That's fine, at least it's consistent. Do you have any OHLC daily data from OandA? And we can test the system with their data.

Trading With Moving Averages

I'm still trading USD/CHF, I'm adjusting the stop loss (0.96757+0.96557)/2=0.96657. For the EUR/USD I have (1.34659+1.33824)/2=Sell @ 1.342415

Trading With Moving Averages

OK, so we have pretty similar numbers then. You are correct, I've set an order to close the long and open a short if the price hits 0.96812 today. But if that level is not hit today, then I will amend the order using (today's high + yesterday's ...

Trading With Moving Averages

Well today's (Tuesday's) target is close the long and go short at (Monday's High + Friday's High)/2. I make that target figure 0.96812. What values do you get off your chart? It must be pretty similar, right? I got the data from Metatrader 4.

Trading With Moving Averages

Yep, I've been trading the system live on this thread with microlots. If you go back and read the thread you'll see I've been doing.

Trading With Moving Averages