Classical technical analysis works very well. I trade very important levels of support and resistance (notice that I said very important not important) that have space to run (if I don't have space I don't trade) with pin bars or fake outs ...

Why the stock market is the easiest market to trade

If someone loses all his money in forex in one trade he is not a trader he is a gambler. Leverage has many advantages (you can risk a higher % if you use kelly criterion) but if you risk 100% of your money you have no chances of success.

Why the stock market is the easiest market to trade

24h market means no gaps with exception of week-ends (very rarely big gaps even in week-ends) which means I can know exactly how much I risk. My profits from forex comes from technical analysis, more exactly from support or resistance (I only pay ...

Why the stock market is the easiest market to trade

Fake out on GBP USD 1hr. The trigger bar would have been the blue candle and take profit at FTA.

Mastering the Art of Trading

I don't agree with darkstar and Grkfx that order flow trading is something new different from price action analysis and fundamantal analysis. I think they say this because of marketing purposes but there's no need to reinvent the wheel. There are ...

Mastering the Art of Trading

Mike, I have a question about stock trading. How do you deal with gaps? Gaps are the reason I don't trade stocks because I don't know what my risk is. I also find it difficult to make price action analysis on daily charts especially because of gaps. ...

james16 Chart Thread

Do we still have to wait for confirmation on intraday if the fake out is also a pin bar (yesterday on EURGBP 1hr it was a fake out/pin bar)? How about if the wick would have been huge?

Mastering the Art of Trading

Taking partial profits is almost always a bad idea compared to a strategy in which you take only full profits. If you're a winning trader it may be hard to notice because you still make money even if you take partial profits (but you're not ...

james16 Chart Thread

Ghous, if you look at intraday charts do you look for daily swing points or intraday swing points? Especially on 1hr chart I find the major 1hr swing points are really minor daily swing points.

Mastering the Art of Trading

If you defer the entry till you get a move through the FTA you won't enter anymore near the HHR/LLS. Where it's good to put the stop loss if we enter after the FTA (under the FTA or under LLS)?

Mastering the Art of Trading

This pair doesn't have much activity during Asia session. Do you look for 4H during Asia session or the first 4H after Europe session?

Mastering the Art of Trading

Yes, the order flow is advanced but I don't think a new trader must understand why it works to make profit. I think (and hope) an understanding of how it works (fake out of HHR, close below the HHR, space, entry close to the source) is enough to ...

Mastering the Art of Trading

I don't agree that this stuff isn't also for new guys. I find it easier to apply than the james16 stuff (it took me months to understand james16 stuff and I really think it's easier to look for important swing points than for important PPZ or other ...

Mastering the Art of Trading

Thanks for your answer. I was thinking about historical swing points that you can't see if you don't zoom your chart. For example a pair is in a strong up trend at 1.4800 and a historical high from a couple of years ago is at 1.5000. Do you look for ...

Mastering the Art of Trading

Backtesting gives you the answer if you make money or not. I made backtesting in the last years on the daily charts and it works for me. I didn't make backtesting though for the period before 2008. I plan to do this too but the results of the ...

Mastering the Art of Trading

Ghous, you said here that "The human race will need to evolve into something totally different to stop order flow and market dynamics to work the way they have been working for hundreds of years." This means this strategy of trading fake outs from ...

Mastering the Art of Trading

Here is a setup from silver I liked a lot but I wanted to trade with a sell limit order and the trade wasn't triggered. I think this was better than the gold setup. Ghous what do you think about correlation? I sometimes use correlation to decide if ...

Mastering the Art of Trading

This strategy doesn't work if we apply it to important PPZs or important trend lines?

Mastering the Art of Trading

You clearly don't understand the strategy from this thread. We don't trade pin bars, we use pin bars to confirm a good support/resistance and a bigger story. I think over 95% of the pin bars I don't trade them. Because the support/resistance is not ...

james16 Chart Thread

Fake out on EUR NZD. Is this a good fake out?

HCR-LCS + SFP Research thread