I somewhat agree...at least if the goal is to make "real money". However, if you look at it in % terms it's of course viable, you just have to set sensible stop losses and never risk more than c. 2% of your account. Now of course if the guy wants to ...

EURUSD

Tip: 1) Go to the H1 chart and draw a horizontal line at the very tip of the Coral...mine is yellow. 2) Do the same on the H4 chart...mine is orange. 3) Do the same on the D1 chart...mine is red. Yellow > Orange > Red = up trend Red > Orange > ...

THV System Trades & Patterns Thread

Friendly tip: Do NOT ever quit your job until you are a profitable trader (I know, it's too late now...but still)...unless you're already rich or at least having enough cash to last you a good year without going broke. The mental stress will be a ...

EURUSD

Hehehe, no need to look for excuses...I'm using it for "medical reasons" too Yes...green is good

EURUSD

Especially once the US have to start dealing with their "kicking the can down the road" fiscal cliff. And we all know that won't be easy given one party thinks the others are pot smoking Soros-worshipping communist hippies while the other party ...

EURUSD

Hah, figured you're German...the "Woche" in your Excel sheet gave it away

EURUSD

Market indecisive = 4exNinja heading off to the pub Can't wait for Thursday, should provide for some decent moves

EURUSD

And I'm out again at 1.3544 as things seem to be turning again. Oh well, 27pips, I can live with that

EURUSD

Long @1.3517 SL already at BE. 1.3600 (or 1.3585) here we come Beautiful bounce at the Coral (M15) for those who use THV.

EURUSD

Not a Slate, but I trade using a Galaxy tablet. There's a tiny hole somewhere on its casing...use a needle to pinch it and it'll reset to factory settings

EURUSD

A great indicator to keep you out of bad trades is the Damiani indicator...it's in the MT4 repository. Alternatively fractals are really really good as they help you stay out of trades until a move is confirmed.

How Do You Identify A Fake Breakout?

^^^ This x10000!! Basically, it's best to wait for confirmation before entering trades. Will cut down on you being stopped out a lot

How Do You Identify A Fake Breakout?

On the lower timeframes (H1 and below)...well...flip a coin in my opinion. Your data's delayed by 15min, so you never see the current picture until it's too late. On the higher time frames, always wait for CONFIRMATION before entering a ...

How Do You Identify A Fake Breakout?

I guess the big EURUSD retracement (or even trend change?) caught some people by surprise If it breaks through 1.3480 it's likely to hit the 1.3400...on the upside, if we bounce back above 1.3550 and stay there it's likely to retest 1.3700 after ...

THV System Trades & Patterns Thread

Looks ok on the charts (for now), but:

EURUSD

In English we don't use ",", we use a ".". So instead of "0,1", type "0.1". Either that or your broker doesn't allow micro lots. @mercy seat: thanks for your analysis, really helpful...great Excel sheet too!

EURUSD

I still think the up trend is still intact as the downtrend really only shows strongly on the H1 chart. We're still above the Coral (similar to a 60 period MA) on the H4 and daily charts. As for levels, the 1.3480 level seems to be a key level. If ...

EURUSD

Better to wait for a clear long signal before hopping on...else you're just playing a guessing game which might end up in another "catching a falling knife day" like today

EURUSD

Looks like it's going to hit the 1.3500 level after all. For those who trade using THV, we're approaching the H4 Coral (1.3490) and if it holds we should get a nice up swing

EURUSD

I gave that up a long time ago given I can't monitor charts all the time at work. Better to always wait for confirmation before taking a trade...at least if there's a chance the boss calls you away for a bit Not only to maximize profits, but also ...

EURUSD