CHFJPY — This is +100 pips now, so will move stop to +5 pips

FXJake's Free Pips

CHFJPY — Short CHFJPY @ 79.25 Stop 82.05 Target 1: 77.60

FXJake's Free Pips

NZDUSD — This was a late signal, I meant to get in around 5440, so I am going to get out now. Normally I would be at breakeven now, with nothing to worry about. But now I can't really do that. So, will exit now. Entry 0.5470 Exit 0.5525 +55 ...

FXJake's Free Pips

NZDUSD Buy Signal — Buy 0.5470 Stop 0.5269 1st Target 0.5590 2nd Target 0.5700 Always very flexible with the second target.

FXJake's Free Pips

NZDUSD Chart — Here's the chart.

FXJake's Free Pips

NZDUSD tonight — I will take a long on the NZDUSD tonight. Details to follow. Happy Trading FXjake

FXJake's Free Pips

December's Trades — Very few trades, but no losers here. It is so funny to me that most traders could make a LOT more money by trading less.....and I am no exception to that...

FXJake's Free Pips

Welcome to Forex, David. Personally, the three books you have listed are good, although High Probability Trading is probably my least favourite of those three. Not sure about the "Dummies" books....... I think that, if you can, it would be great to ...

Another FX Rookie here

You can always just slap the ATR on the chart and keep the period constant and compare pairs. The EURCHF, NZDUSD, AUDUSD and EURGBP are usually pretty tight.

Whats your favorite Low Volatility pair?

Be careful. As a fellow trader in Oz, you should be aware of the AUDUSD rate and how that affects your withdrawals. If you are wiring money from a USD account into your Australian bank account, then you are basically at the mercy of the AUDUSD ...

Opening an Acc with Alpari

Honestly, it really does not matter. You may want to choose a broker that starts the 4hr bar with the 'open' of London, but really, in the end, it just does not matter. This is coming from someone who trades naked, and thus the open and close of the ...

What is the best server time for H4 trading? GMT+0, GMT+1 or GMT+2?

Dave, this is a great post. While I agree with your trading style (because it works for me - charts under 4hrs are probably best left unopened.....), I have also seen enough over the years to realise that there are as many ways to make money in the ...

Look for just two trades per year

Investing Time in Trading — As many have mentioned - sometimes the best thing you can do, as a trader, is to enter when you see fit, and then walk away. I, like many traders, have had much more success with those trades that I don't watch from ...

Real - Trading for a living

If you have a good system - backtested, forward tested, etc. then you will KNOW that you will win. (This would be Method, of course). Confidence in your Method will help with your trading psychology (Mind). Money Management - that is up to you, but ...

Best single characteristic of a trader?

The interesting thing about successful traders is that they often have no need to convince others that they trade successfully. In fact, this is, as I see it, one of the real attractions to trading. ------ Who wants to convince some blowhard boss ...

Forex success, are there any stories?

I average over 1000 pips per month using a chart with support/resistance and candlesticks. And nothing else....... The great thing about trading is that there are *so* many ways to do it (profitably). The best thing a trader can do is to find a ...

Naked Candlesticks

Exactly. More volatility may not = more false breakouts. The real beauty in these sorts of systems is that they WILL capture trends...but identifying trends will always be the tough part, particularly if the trader would like the satisfaction of ...

Dennis' Turtles

This is such a great thread. It is funny how easy it is to make money once one removes the 'indicators' from the chart. Reminds me of the first time I rode my bike - without training wheels. It was liberating to look behind me and see that my ...

Trading Naked - Reading Candlesticks and other Price Analysis

1. The period that Mystic made this money during was a good period for many. For example, Ronald Raygun took $200 to over $20,000 during this period. 2. Why must Mystic show up and defend his claims? Most traders who make money may be completely ...

How I Turned 1k To 100k In A Wk!!!