Nothing like some minor news to crash the party I hope GJ and EJ can break the correlation. I will be in drawdown until then...

What is and what should never be*

I would be a hypocrite if I said "no" to introducing the TDI. However I am strongly against all the other indis that are used. You need to understand, it is not the indicator that is evil, it is the person sitting in front of the computer and taking ...

What is and what should never be*

In the meantime, I took a long on GBPJPY. Not the best time of day to enter a trade, but my reasons were the bull trend GJ has been in recently, the triple bottom and the big large m15 candle that broke higher. Let's see how it develops. Target is ...

What is and what should never be*

Playing the waiting game. I want to see a retest/new higher swing low in order to enter. The HL as drawn on my chart prevented me from shorting once a wick rejected the bearish trendline I had on there, telling me price may not go lower at this ...

What is and what should never be*

Hi I never got around to trading day charts. I'm more of an intraday trader. I like the hourly and the m15 charts best and have had my best results on those timeframes. Anything lower is too choppy and fast paced for me, anything higher is too ...

What is and what should never be*

I am more than glad to have you both

What is and what should never be*

Currently, my focus is turned towards EURNZD and EURAUD, since they seem to be trending, at least in the short to midterms. With good timing, you can make some coin here...

What is and what should never be*

I suggest forexlive and forexcrunch to begin.. You mostly need to keep in touch with what's going on... Those sites can provide actualized data.

Trading Made Simple

Like Mark pointed out a few posts earlier, sell in may... Summer is really hell for us retailers... If you haven't made enough coin until now, you probably won't make anything big until september at best. Last year volatility picked up in ...

Trading Made Simple

There is a book called "high probability trading" by Marcel Link. Therein you can read all about trading fundamentals. One important thing is how much a certain release is expected by traders... I am attaching two charts, one of the NFP for the past ...

Question about Non Farm Payroll Movement

You want to truly learn? Ditch all that crap, fibos, ADR and what not... ADR is meant to pick pairs (we want to trade volatile pairs, not ones where it feels like watching paint dry). Stochs are confirmation also. They are redundant. S/R zones all ...

Trading Made Simple

I suggest you stray from everything you've heard/learned about the RSI and how it is a momentum indicator. The only thing that indicates momentum is candle size. Since candle sizes and shapes dictate oscillator behavior, I do not see why we should ...

Trading Made Simple

As far as I am concerned, backtesting the TDI serves barely any purpose. Backtest the PA setups you will be looking for, while looking at TDI each time. You will teach your eyes, eventually, when the TDI is expected to cross from every position. ...

Trading Made Simple

Don't worry, I managed to get whipsawn out of my trades on two pos for a total of -50 pips before price reached what would have been my targets... That will teach me to set SL using smaller timeframes. I did anticipate the euro crash and burn ...

Guccilicious

Too much boom to it, didn't let me short I guess it's waiting for the dust to settle. Market didn't know how to react because the cut was to 0.15% I guess... Let's hope this is the genesis of a new short-term trend...

Guccilicious

Well aren't you all dark and gloomy

Trading Made Simple

I don't need to look at the calendar anymore, I just know the first thursday of the month is Draghi day and ECB/BOE IR day, and first friday of the month is NFP friday I need to get a life imo Nothing nice about it, since I didn't hop on the ...

Guccilicious

Keep in mind Draghi is up in an hour, also IR for the EZ incoming. Prognosis shows it may get cut to 0.10%, which will either be anticipated and work in your favor, and then crash and burn, or the other way around... I missed a 20 pip short on ...

Guccilicious

Volatility Index used to be around 30% back in 2008, these days it's a mere 5-6%. That's saying something. The reason for this, I believe is the monetary policies and fake liquidity created by central banks. You don't have a free-will market anymore ...

Currency traders mourn loss of volatility