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Richard7 commented Jan 4, 2018I was thinking the same thing Aussi
The Aussie dollar is on a winning streak never seen before
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Richard7 replied Nov 19, 2017Hello, I am a long time trader, haven't posted for a while. Been having success trading with the fundamentals so I'm in here. Looking forward to following along, hopefully I can contribute something worthwhile, thanks to all for your input here.
Fundamental/News Thread
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Richard7 replied Apr 7, 2015OK, I'll try posting a chart, GBPAUD. I haven't done a whole lot of trading but here's one that worked out. Unfortunately I'm still struggling with MT4 a little and inadvertently closed out the entire trade at around +185 pips. I wanted to close ...
Trading Made Simple for Day Charts
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Richard7 replied Mar 14, 2015Thanks for the quick response. Before I ask a bunch of dumb questions I'll study what you've posted here and go back and re read some of this thread. Right now I know enough to be dangerous (mostly to my account balance) so I'll keep demo and back ...
Trading Made Simple for Day Charts
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Richard7 replied Mar 14, 2015Britpip 7, good to see you're still with us. I will post some charts as they come up. I've made a few demo trades so far with mixed results but learned a little from it, perhaps I'll get together a couple of examples and post them. Still getting ...
Trading Made Simple for Day Charts
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Richard7 replied Feb 25, 2015Britpip7 and all, I've been an off and on trader for the past few years, most recently trading index options, but I've managed to get interested in forex again and want to concentrate my efforts here. I found the original Trading Made Simple thread ...
Trading Made Simple for Day Charts
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Richard7 replied Jan 8, 2012OK Hugh, now that I have a few minutes here are some questions I have for you. I took a brief look at the thread but may have missed a little so my apologies if I'm asking redundant questions. First, I understand that the system is not so concerned ...
The Seventh Wave
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Richard7 replied Jan 8, 2012I've never looked at volume in forex for the reason you describe, but it's clear there is some correlation here. On further reflection, it only stands to reason that tick volume from any given broker should be a microcosm of the broader market, ...
Tick Volume Divergence Trading
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Richard7 replied Jan 5, 2012I am still keenly following this so I hope you keep it going. I haven't been able to jump in with both feet yet due to holidays, work, etc., but I have tried a couple of demo baskets. First one not so good, this one's +250. I have a few questions if ...
The Seventh Wave
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Richard7 replied Dec 28, 2011Both Equity Guard and the Trailing Stop aren't working for me. I can't get them to attach to my chart. The Large Print Equity Plus works fine so I don't know. I put them all in Meta Trader>experts>indicators, right? It's been a while so I may be out ...
The Seventh Wave
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Richard7 replied Dec 28, 2011Good Stuff — Just wanted to thank you for starting this. I'm very interested to follow along and see how this develops so I'm subscribed and looking forward to more good info. I've downloaded the indicators from post #1 but can't get Equity ...
The Seventh Wave
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Richard7 replied Jun 10, 2011I also took the Euro short on an hourly Elliott Wave set up. I think these flag trades could work very well with EW analysis. I'm curious as to what triggers your trade? Did you wait for the retest of the break of that low fractal? When did you ...
Flag trading the trend
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Richard7 replied Jun 10, 2011Longer term trading — Willf, I agree with you about trading this on longer time frames. Far less noise and intereference from day to day news. Besides I don't have the time to day trade
Perhaps we could discuss it outside this thread. PM me ...Flag trading the trend
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Richard7 replied May 5, 2011I'll take a swing at this. The first two instances of divergence on your chart are when price action was flat. That's not really divergence, it's known as neutralization. When price goes sideways during quiet periods in the market oscillating ...
Flag trading the trend
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Richard7 replied Feb 18, 2011I guess the 20 that you trade regularly are ones that you cover in your blog? I'll keep an eye on it, and also look around some. BTW, I noticed you've posted a couple of times over in the Commodities and Stocks forum. Anything worthwhile to learn ...
Profitunity (Chaos) Trading System by Bill Williams
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Richard7 replied Feb 17, 2011Slight, thanks for the thorough reply. I agree with your assessments about the forex market. I am doing a little scapling and some swing type trading, but I don't really have time for that, so I'm glad to have a trading partner with deeper pockets ...
Profitunity (Chaos) Trading System by Bill Williams
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Richard7 replied Feb 17, 2011Slight, Good to hear from you again. I quit trading for about two years and am just getting my feet wet again, but I remember seeing your posts back then. Your answer regarding volume was well reasoned and makes sense to me, so thanks for that. I'd ...
Profitunity (Chaos) Trading System by Bill Williams
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Richard7 replied Feb 10, 2011On MT4 there is an indicator called BW MFI which displays as volume type bars at the bottom of the screen. Each one of BW's four Profitunity Windows is represented by different color coding. The squat bar is described as having greater tick volume ...
Profitunity (Chaos) Trading System by Bill Williams
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Richard7 replied Jan 23, 2011Longer Term — Is anybody currently trading this on a longer time frame, like 4H or Daily? I know everyone has settled on the 5m, but that's not for me. I'm going to do a little backtesting to try and determine the best management of these on ...
How to use the 123 strategy effectively