Nasko I use to be a position trader and am now a scalper. I found that position trading is good and still do that sometimes but enjoy scalping the market as when compounding is added the returns are fantastic. Until you develope a system that your ...

Do you think 200 pips per month is fine?

Hi, One of the main indicators that I use is the R.E.I (Range Expansion Index) by Tom DeMark. However you will have to modify the formula for your own trading platform. The book is "The New Science of Technical Analysis". cheers Go Getter

Any Accurate Signal in the Market?

Hi Kingmaker, This is a system I used along time ago. Sorry but its in GMT time as my trading platform runs in GMT For NFP you take the high and low of the 12:30 and the 13:00, 30 minute candles and workout the high and low for this peroid You then ...

NFP straddle......What's wrong with this idea?

Hi BigA, I trade intra day and the settings I use are standart for MacD. As for stoch I don't actually use it so I don't want to say in case I give you a push in the wrong direction. Go Getter

The MACD...

Hi fxnoob, Since you have only been at it for a month I'll give the basics of Macd. MacD stands for Moving Average Convergence Divergence MacD is a trend follower/market momentum indicator/Oscillator that consists of two waves and a histogram. And ...

The MACD...

Suntrader you are correct in saying that not everyday gives you an 80-100 point trending trade, but as I said I trade intra day that means I use lower level charts to enter trades and once infront by 20 pips do I revert to the 15-minute chart to use ...

Percentage return daily

For those who have a limited belief system — Hi to those who sent messages of disbelief, this is how I trade everytime I look at entering the market. Below you will find a trade I did earlier in the week, if you look at the chart you will ...

Percentage return daily

Hi Tom, I've been trading for around 8-10 years, I trade everyday and average around 80 - 100 pips per day. I always take out Fridays trades as a weekly wage and compound the rest back into my trades, also take out 10% and put it aside in an old ...

Percentage return daily

Hi Raheel23, worked out how to do sorry for delay The below chart I took off all my other indicators so that you could hopefully understand it better, I have been trading for quite awhile and make my living out of it this is only one aspect of doing ...

How do you indentify trend?

Hi Ravindre dsa, When you are gambling you are going into a situation where the probability of the system you are using is going to give you less than 50-50 results and generally you are attached to the outcome which is what all good traders have ...

trading or gambling?

Hi Wallym, Depends on what you use it for, yes as above most people use 14 however I personally use a cross over method with it and I use an 8 & 13 (fib) for trend and also a 49 on the 15 minute chart. The 49 I use injuction with other indicators ...

RSI Setting

Hi Raheel23, Love to but at the moment my internet provider and my trading platform are not talking, been told will be running tomorrow. Will put screen dump in as soon as I learn how to do it on FF, if allowed since being new to Forex Factory but I ...

How do you indentify trend?

good work mate talk tomorrow Go Getter

How do you indentify trend?

Good work mate, sounds like your having fun and thats what it is all about. The wedge you have described is actually more of a pennant and has a good chance to take you to 1.9532. Hope your trade goes well I'm off to get some food, let me know how ...

How do you indentify trend?

results — Hi Matouya, Glad to have helped you out. Just to let you know by using swing points today I traded the gbp/usd, went short on gbp at 1.9716 and exited at 1.9605 giving profit of 111 pips. Now swing points are not the only indicators ...

How do you indentify trend?

Hi Marcf, I've been trading for around 8-10 years and have been retired for awhile now. I use the 15, 3 and 1-mintue charts to trade and I trade the opens (London and New York), if I make my target on the London then I dont bother with the New York. ...

Full Time Trader..

New to fx trading — Hi Disneytrader, I've been retired now for quite a few years and make my income purely from trading so I can tell you it is no gimic. So my advice is research research research, I personally use RSI, M.A, TD TRENDLINES, ...

New to FX Trading

safe time to retire — Hi Nipthepips, Very simple, my mentor gave me some good advice that was once you have tripled your normal monthly income you should look at retiring if you have no more out standing debts. For example if your monthly ...

When is it safe to trade full time?

Identifying trend lines — Hi Matouya, Forgive me but I am new to forex factory and not sure what I'm allowed to say, so if I say too much just let me know. The way I use trend lines is very simple, firstly I use Tom Demarks way of drawing ...

How do you indentify trend?