Very informative post. Thanks David. The spreadsheet that was included was somewhat meant for backtesting my current strategy and to test my own psychology. Which % will I receive on average per day with my current strategy and state of mind and ...

Time to call it quits

If this "bullish" DXY flag gets further engulfed south say hello to a possible complete reversal for EUR/USD as the previous mentioned broken support is one of the best types of resistance there is. ( key support consolidation whipsaw that got ...

Key level price interaction & correlation trading

Good chance a nice retracement for EUR/USD and cable will happen very soon. Cable already broke important resistance. Dollar index is having some big downwards momentum at the moment on an important key level ( multiple support confluence ). ...

Key level price interaction & correlation trading

On a consistent base it surely is yes. Not stating that it is easy.. If you however win 10 one day and lose 10 the other, day in day out, for the upcoming months you just reached a significant breaktrough. Eventually you'll see more 10pip winning ...

Time to call it quits

I attached a spreadsheet that might help you some in case you are considering to continue. I made this a week ago myself. It truly helped me in generating patience, only cherrypicking the best trades, and to not be greedy. In the spreadsheet itself ...

Time to call it quits

Generating patience will happen :O ?

EURUSD

Interesting read Nasir, Í've been focusing last year on a similar approach but on a much smaller TF, 1M. In general I watch how price approaches key areas. Top and bottom picking confirmation is taking place by watching correlations. A big ...

Correlation Trading Method

This is EXACTLY the reason why I trade. Very glad you mentioned this one. Not much to add to this. I will never ever dedicate my life to an uninteresting and in the end useless 9 to 5 job where I am fully dependent on the boss above me. In the end I ...

Why did you start trading?

It doesn´t have to do with any background information. You clearly stated over and over again that brokers in general cannot be trusted at all. Even if that is your own personal experience, does it really help anyone? So far for achieving the right ...

A perfect broker

Perhaps my topic helps you a bit because what you are talking about is most likely correlation. Therefore don't forget to read the second part url As a sidenote I would like to mention that position management can deffinetly help you with your ...

Where to start in this business?

Why are you even bottering to trade if you have a mindset that consist of brokers that are out there to get you.. I've seen youtube movies ( yes, don't ask me how I stumbled upon them ) that say traders must view brokers as sharks that will ...

A perfect broker

And the rest.. Sessions is set to GMT+1 London+US session overlap so you will need to change it depending on your timezone. I had the other sessions disabled/invisible. Last file has all used indicators included.

Key level price interaction & correlation trading

As promised 2 templates + first part of the indicators. Non of them are oscillators. All indicators are purely for the visual aspect and in order to define key levels without too much effort. Stratman minichart might not work correctly if you don't ...

Key level price interaction & correlation trading

Np, thanks for checking this topic. I will share template/some indicators later. ( I can't share the monthly,weekly and daily s/r indicator because its commercial. However, I will include a similar one ) EUR/USD 1M Were we able to anticipate this ...

Key level price interaction & correlation trading

Dollar index sitting on a confluence key level. On point of impact GU was sitting on an awesome support key level as well so it shoot up. Unfortunately I was not there to take the trade. Otherwise I would have deff. taken it. DXY trendline ( new ...

Key level price interaction & correlation trading

That's good to hear! A few months ago I was also using SP500 and DOW commodities as positive correlation for EUR/USD. Short term correlation 15M-4H SP500-EUR is very effective. Yet, I removed them.. The more correlation you use the more conflicting ...

Key level price interaction & correlation trading

Correlation understanding A beautiful looking bullish continuation flag towards an important key level on EUR/USD suddenly falls like a falling knife straight through support…Something can be said to this. Apart from the fact that no pattern can be ...

Key level price interaction & correlation trading

Reading books/statements does not have a big, if any, influence on your trading until you either experience the mentioned problem yourself or when you condition yourself by repeating your thoughts and goals over and over again. Once you start ...

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