This video resonated with me: url

Higher Edge within a Single Candlestick

Welcome Anusragger. Unsure of exactly what you are asking since you omitted a quote. I will do my best to answer. A) The high would be the daily high. When price makes a new high for the day on the previous H1 bar[1] and fails to make a new high on ...

Trading is as simple as 1-2-3

"It doesn't matter at all where they are on the chart one does not hold more weight than another...ever." There was a study, on a another forum, showing this is not the case.

Higher Edge within a Single Candlestick

image When we talk about price we usually refer to price as "up" or "down" or "going up" or "going down". The reference point is usually an open, in most cases the daily open. Another perspective or reference would be "moving towards" or "moving ...

Trading is as simple as 1-2-3

Welcome baidovich. What you mean by reverses ? In this case reverses means the current bar opened below the high of the previous bar, price went up but did not reach the high of the previous bar and then price starting dropping. Sell when price ...

Trading is as simple as 1-2-3

Welcome Emmpoli. A1) Chart period is immaterial. The brown line is at the open of the M15 bar that happened after the low of the day was established. The M15 bar failed to make a lower low. Price reversed and an entry at the brown line would have ...

Trading is as simple as 1-2-3

Welcome MikeCo. "All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident." - Arthur Schopenhauer This is fascinating! Your first opinion or impression is that of ...

Trading is as simple as 1-2-3

Do you read the "simple" trading threads here on FF and other places? One thing most have in common is after 100 posts or so things start to get complicated. Something as simple as a horizontal line cross trade chart has a gazillion indicators and ...

Trading is as simple as 1-2-3

Secret is not believing in trading secrets. Sticking to the plan is the edge. Mastery of the simple. Rejection of nonsense.

What is your secret and edge?

Candlesticks, bars, lines, etc... only represent what price has done.

About Candlesticks: Why they were created? What do they reveal?

Do retail traders have access to real and accurate money flow data?

Challenging a Loser

when do you ensure that there is no loss? Set your stop loss at breakeven +/- spread. If price is against you, when do you ensure that the loss is manageable? Before entering the trade, calculate position size based on $ risk and pips to stop. If ...

Trading is as simple as 1-2-3

"The probability is 50% (minus the spread)." With all due respect, CrucialPoint, that statement is something to overcome, in my humble opinion. Many traders confuse probability with possibility. As you stated, there are 2 possible outcomes: 1) price ...

Which type of trader are you?

Thank you. But credit should go to the thread starter, Neio. Neio's first post is credit worthy. I have said nothing that hasn't been said before.

Higher Edge within a Single Candlestick

Price moves up or down, right?What to do? Enter, exit or wait are the choices so we know what to do. When to do what is the question ;-)

Trading is as simple as 1-2-3

Open in this case is the open price of the H1 bar not the daily open. Please accept my apology for being vague. Please refer to this post: url Price had returned to the H1 open which was below the daily open.

Trading is as simple as 1-2-3

Think of trading as decision making. Asking and answering questions about price: IF X THEN Y ELSE Z. Traders do that all day long, whether they realize it or not. Your system or method is a list of questions. Even indicators and EAs are a list of ...

Trading is as simple as 1-2-3

image GBPUSD fell to a lower low. Clue!! Next bar failed to go lower. Clue!! Entry when price recovered past open. No way of knowing what would happen next. Two clues proved to be enough. The 1-2-3 (HL-LL-HL) was the pattern. This pattern repeats ...

Trading is as simple as 1-2-3

Looked it up: Swing trading is a speculative activity in financial markets where a tradable asset is held for between one to several days in an effort to profit from price changes or 'swings'. Not sure how to respond.

Trading is as simple as 1-2-3

Daily open is Broker open. The open corresponds to 5PM NY time. What makes that the most important information?

Trading is as simple as 1-2-3