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the_wizard replied Feb 7, 2013For all you lovers of the infamous "cross rate" take a look at CAD/JPY on the H1/W1...
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the_wizard replied Jan 23, 2013You might be interested to read this in its entirety: url
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the_wizard replied Dec 20, 2012Thank you Brandon. I'm off from tomorrow too until January 2nd and wish all of you a very happy Christmas and a very successful 2013. -Tom
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the_wizard replied Dec 10, 2012Actually, the point I was making is that this strategy is based on going long on a break of a swing high / short on a break of a swing low which is exactly the area where we WAIT to see if we are going to get a counter trend trade and thus take the ...
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the_wizard replied Dec 10, 2012Second still of the "indicator". My annotations marked with question marks.
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the_wizard replied Dec 10, 2012Some stills from a trading video on YouTube from School of Trade. Interesting.
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the_wizard replied Dec 7, 2012Sam, I am scalping levels using the 5m in addition to trading H1 and having a very good deal of success with it. It requires a lot of focus though.
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the_wizard replied Dec 5, 2012Yes, it is a white label but I don't know much more about it other than that.
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the_wizard replied Nov 29, 2012Hi Guys, Sorry, there was no webinar last night. I stayed late in the office to trade the Crude and under estimated how long it would take me to get back home on TFL! I got nailed yesterday in that Gold. Violent drop into the pit open - I heard ...
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the_wizard replied Nov 23, 2012Oh he got this USD/CAD in the end!!! It came good! But you see the squeeze on entry...that definetly wasn't a good area to bang it short...now on the retracement up on the other hand...that's a nice place to put an offer.
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the_wizard replied Nov 22, 2012Trade triggered stop entry order at 52. Low print was 51. H1 SFP formed. Immediate rally ensues.
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the_wizard replied Nov 21, 2012Incidentally, the above posts are not meant as criticism of this trader - he is NOT a novice; I am just using an illustration of where the orders stack up and why they stack up. Traders get bullish and bearish at these levels. They are therefore ...
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the_wizard replied Nov 21, 2012Here is their next trade (see below) Pending order in USD/CAD. Entry on break of swing low (look at the support there) Stop above swing high (note the former support they are stopping out into).
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the_wizard replied Nov 21, 2012Check this analysis out from a popular currency strategist with thousands of followers on Twitter. That is a EUR/USD trade. Sold on break of swing low. Stop on break of swing high. (Stops in red). Result surprising?
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the_wizard replied Nov 13, 2012And again today in the FTSE 100. You won't find this setup fail very often.
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the_wizard replied Nov 13, 2012Mez, There are two things that determine whether you have an edge: i) Win percentage ii) Average Win Versus Average Loss (This can be expressed as a ratio) If you are winning 70% of the time (which is excellent) and still losing money then your AW ...
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