Looked at EURUSD this morning and saw this BEOB at a swing high. So why is it bouncing back from 1.30?

james16 Chart Thread

Manual SL — That is interesting; i read in August Silvani's book about banks colluding by coincidence to hit obvious stop levels and take the commissions. Were your stops at even numbers? My method depends on the trade. Today I am up 1100+ ...

Question about setting stops

Your answer sounds (to me) as if you are also suggesting support and resistance levels. Perhaps I need to combine them with trend lines?

Question about setting stops

Setting stops — When I am using pivots or Fibo retracements, I use support and resistance for stops. They more or less work; but for the higher TF support or resistance can be kind of far off - that was why I had gone to using ATR/2. Perhaps ...

Question about setting stops

I think I might see my confusion. When checking PA on lower TF I often see RSI differing. (In M5 and M1 it's a living thing). Should I be ignoring RSI at the lower TF and focus solely on PA?

Trade What You See - Almost Naked Trading

OK; so maybe I am not quite trusting the 3-tap trigger by itself and want the extra handholding MACD provides. I understand the point about trend confirmation at various TF's. Maybe I need to watch the RSI better. Don't think I want to give up MACD ...

Trade What You See - Almost Naked Trading

No argument from me; it's just that I am not getting all that much value from using the RSI indicator. Since I am not all that experienced, I figured there might be something I am missing.

Trade What You See - Almost Naked Trading

I have a silly question that may be a matter of personal preference, or may be a lack of understanding on my part. I am using much of Lawgirl21's method, but find consistently better results (for me) using MACD (12,26,9) instead of RSI(3). Today I ...

Trade What You See - Almost Naked Trading

I arrived at 200 pips after experimenting with 20, 50 and 100. I am looking at these as momentum trades (if I understand the term correctly) and figure a 2:1 risk-reward ratio makes sense. I am absolutely open to (non-jeering :-) ) feedback on this. ...

Trade What You See - Almost Naked Trading

Trading plan — Thanks, Serb, I am working on that, too. Just finished Carter's book and he stresses all of that, gives a nice example (stock-oriented, of course) of a newbie's trading plan. Also explains his own. I am trying to translate that ...

Trade What You See - Almost Naked Trading

Avoiding getting stopped out — Lawgirl, I have been practicing your method the last month with generally good results. I am not used to trading the longer timeframe, however, and am struggling with setting a proper SL to start and then how ...

Trade What You See - Almost Naked Trading

Don't want to muddy the waters, but - — I notice a number of different chart types being used here (triangles, wedges and flags, channels, etc.). I am currently reading Murphy and note that he always uses volume to give these shapes context. ...

Trade What You See - Almost Naked Trading

Question for Pureprice — Am reading Murphy's book on Technical Analysis and noticed you set up a channel (just finished that chapter). Is that how you determine entry and exit points?

Trade What You See - Almost Naked Trading

What's the secret to attaching image files? — I also went back in long a little later, and ended up taking 57 pips. I need to work on entry and exit timing, that's for sure. How does one attach the thumbnails? Would like to post mine and see ...

Trade What You See - Almost Naked Trading

How loose to make the stop? — New to FF, saw this thread and it made a whole lot of intuitive sense, so I am beginning to trade it on demo. (Also read selected posts from the J16 thread and am trying to reconcile the two). Today I saw an ...

Trade What You See - Almost Naked Trading