One more thing on Fibs that I have noticed. Sometimes the best placement is not at the swing high or low, but where the candle opened or close. Notice what happens when I moved the 0% to this level and did not use the swing high. What I usually look ...

EURUSD

Here is Example 2. I draw another Fib Retracement with 0% starting at the first fibs 50% and then extend it out to the first fibs 100%. Both Fib Retracements 100% level will be the same. I call this "bisection" because I am dividing the first ...

EURUSD

I will just watch the chart. If it goes back to the 2700 area and then I get a nice reveral signal, then I will enter short. As for the bisection, an example might clear things up. Here is my first fib retracement. Sorry for the larger size. It was ...

EURUSD

If you take a large move, like the one from 2525 to 2990 and plot your fibs, then bisect that move with another fib retracement you will often see additional areas of support. Here I see support at the inner 38.2% retracement. So, we either retrace ...

EURUSD

Yep. My friend is the definitive gambler. He likes the rush and the need to pull the arm on the slot machine, so to speak. Once I explained to him how much he was giving away in spread he calmed down a bit and now goes for the 30+ pip trades. I ...

EURUSD

That MM system works well for me. I am a short term trader, not exactly a scalper, but I don't keep trades for days either (mostly). I usually only keep a trade on for a few hours at most and go for 30-50 pips. Of course I don't always get that and ...

EURUSD

One thing I do is trade $1 pip value per $1000 in my account. I keep this same size trade for the entire week and then adjust each Sunday. So if have $6500 in my account, I trade .65 lots. My new broker does not allow me to do micro lots so I round ...

EURUSD

Good job on the trades. I have a friend that traded like that. Sometimes he would do 20-30 trades in a night. Crazy. I usually only do 8-12 in an active week. Anyway, why did you change your lot size so often? It seems you were doing .1, .5, 1.0, ...

EURUSD

I use them all the time. It is one of the main indicators I use to time my entries. I can post some charts later, but the main thing to remember is that you have to use the three qualifiers. Also, they are more reliable on higher time frames. I do ...

demark trend lines

Check out Thinkorswim. They have their own charting/trading platform that is pretty good once you get used to it. It's heavy on the Options side of things, but you can trade Forex, Futures, Stocks, etc. with it. They are constantly updating it to ...

Killer Charting Software. (I'm searching for replacement to eSignal)

I almost went with FXCM after ODL closed up shop in the US. I went with IBFX instead. I also keep some money in a Thinkorswim FX account just in case I can't close a position on IBFX and need to hedge my trade.

EURUSD

The grey box is my area of interest right now. The outer yellow fib is bisected by the beige inner fib. The EU is coming down hard off the upper wall of the channel. I will be looking for valid DeMark TL breaks on the H1 to go short below 2780 or ...

EURUSD

I am not even going to think about it until there's a definite bullish reversal candle on at least the H1. The EU is in no man's land now. It has blown through every TL, price projection, and Pivot I have. I'm up 38 pips today from a trade earlier ...

EURUSD

36 pips a day will keep the job away.

EURUSD

You gave me an idea that fixed it. I'm surprised I didn't think of it before. When the window is up but "Hidden", Hit Alt-Space. This works on any window and brings up a drop down menu. If the window is not maximized, then one of the options is ...

EURUSD

Quick technical question for any MT4 power users out there. I've searched everywhere for an answer to this and have not found anything. Maybe somewhere here can help me out. I have an IBFX account. Whenever I try to bring up the Indicators window, ...

EURUSD

Elghoz is a troll. Don't feed the troll.

EURUSD

You could probably trademark the name of the system like, My Big Forex System (TM), etc. Look at what Tom DeMark did with his indicators. You could also copyright the written description of the system: ie. the book or website could be copyrighted. ...

Copyrighting Trading techniques

I think your MM is going to vary depending on your percentage wins, but here is mine. Btw, I am not a professional trader. I am barely making the transition now from Demo trader to Live trader. I risk 2.5% per trade. I also use a max 50 pip SL. So ...

EURUSD

Just a quick follow up, I ended up opening an account with IBFX. I also have an account with Thinkorswim, so I just pick whoever has the best spread at the time. I faxed over a form to ODL to get my money back from them. Still waiting on that to go ...

ODL is Closing US operations