I use a fixed risk for each pair, pre-programmed into my conditional orders (called OCO/OSO in TradeStation). Once the entry is live, I should adjust the stop order but usually just left it alone. I share-size accordingly so 23pips risk allowed less ...

M&W-Trading

I took the GBP/USD short. The M-pattern in the 15min TDI was more defined: first leg above volatility band (SharkFin) and second leg came close but could not break the band, while prices made new high above Weekly R1 and closed under. I would have ...

M&W-Trading

Martin Cole's model of 3 market phases: accumulation, manipulation, profit-release is relevant to this thread. Hope to see some charts with belief bars, jump bars, intent bars shown. url

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GBP/JPY and EUR/JPY — possible hourly divergence? or still going up? GBP/JPY made a pin bar at 5:00amEST with negative divergence in TDI 15mins.

M&W-Trading

USD/CAD threw 2 pins to Monday's highs, hourly (downtrend) regression channel suggesting possible reversal opportunity. Successfully shorted at HOD and took profits at LOD, capturing the entire day's range. Can be done.

M&W-Trading

EUR/USD formed a nice W-pattern yesterday on 15mins chart off the 800ema seen on 1hr chart. Coming out of asian consolidation today, prices moved up quickly on "StraightAway" trade with no pullback to pivot M2 (1.3080 area) for safer entry. Zooming ...

M&W-Trading

EUR/USD came out of asian session with a run to Friday's LOD, pulled back up sharply into declining 50ema, flat 800ema, SharkFin in TDI, shorted 1.30817. When the next 15mins candle closed under 13ema, we have confirmation the 3-bars reversal is in ...

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From 4hrs regression channel analysis, I'm thinking that EUR/USD and GBP/USD are moving away from Level3 top and biased to downside, forming Level1 drop. USD/CHF to upside Level1 rise. AUD/USD still in uptrend Level3 highs with corresponding USD/CAD ...

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It's like an "all-in-one" indicator so you don't need separate MACD, Stochastic, CCI, RSI, etc that filled the secondary chart space and left no room to see actual candlestick price actions. The volatility bands are calculated at 1.618 standard ...

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I'll add Larry Pesavento's 2007 book: Trade What You See: How To Profit from Pattern Recognition Look for the indicators you need here.

Harmonic trading-harmonic patterns

NFP trades using this method. EUR/USD price spiked up to prior day's highs with negative divergence in TDI. Go short. Similarly USD/CHF spiked down to prior day's lows with negative divergence in TDI. Go long. (these are TradeStation charts, and the ...

M&W-Trading

There were several confluence of factors: 3 swipes to the lows, 1.3100 round number, 61.80% retracement, shallow W-pattern in TDI, rising 800ema, but right before the 8:30amEST U.S. Weekly Jobless Claims.

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GBP/USD is see a continuation W-pattern. Do you think long 1.58409 is ok?

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The choice of moving averages is to help "see" trend without cluttering your candlestick chart. The original set included 5ema, 13ema, 50ema, 200ema (optional 800ema). The most important are the 50ema and 200ema only. Note that 200ema on 15mins ...

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You lost me there. Maybe next time we can show pictures. (EUR/USD might be showing head-and-shoulders reversal on 4hrs)

M&W-Trading

in hindsight, the first leg entry long on EUR/USD at 9:15amEST worked well going into Tuesday, as W-patterns formed on GBP/USD and AUD/USD at same time. Still my same question about when we can take first leg entries ...... if waiting for second ...

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Would be nice if you mentioned it "last night". After +93pips, what else can we say .....

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I just want to caution those unfamiliar with this picture, that it is old data quoted by Currency Trader Magazine (article author Kristian Kerr) from the 2004 BIS Triennial Survey. The latest report for 2010 is here: url which reflected higher ...

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Have you studied if the volume indicator on MT4 are different on Demo accounts vs Live accounts? More importantly is "volume" on Demo accounts less reliable? Also some MT4 brokers claimed to be ECN straight-throughs to Commercial liquidity provider, ...

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Considering last Friday EUR/USD, there was a sharp move down after 8:30amEST U.S. GDP data, and the best trade appears to be a first-leg entry at 9:15amEST when price touched the rising 200ema. Would you have entered long at the 1.3100 area? ...

M&W-Trading