Nice to see a Pacific NW trader in here. I'm in Portland. After further analysis and some of the comments by more experienced guys here, I arrived at conclusion that I made an error of not having another resistance level/line on my chart @ 1.3088 ...

No Brainer Trades

Went short EurUsd @ 1.3112 with 20pip s/l. See attach. S/L hit for -20. Some of the thoughts why didnt work out is because there was a good size retracement earlier at 1.3084. and it seems price was not creeping up slowly to the 1.3100 level and ...

No Brainer Trades

Spasibo muzhik.

Trendline only system- Please critique

EurUsd i find more difficult as it seems there can be quite a few s/r lines. I just look for the ones that stick out like sore thumb right away at extreme ends and middle.

No Brainer Trades

i like it - no brainer. cheers! p.s.thought you meant ej. i'll take a look at eg.

No Brainer Trades

Would be much appreciated if you do.

No Brainer Trades

I'm with you on that, bank 50% at 20 pips and set the other 50 to b/e and see if we got a runner.

No Brainer Trades

I'm Short USDCHF @ 1.1710 and long EurUSD at 1.2981

No Brainer Trades

haha, pretty much with the fact that you cant close out positions unless you meet the rules. thats a real short cut for beginner to bust their account,lol.

FX Pulp - Zero Account

This is a fantastic thread, so much wisdom and knowledge, i'll be reading and re-reading. Went short eurusd upon break of support line. Going to hold this one to target profit and tighten up s/l. What do you guys think?

No Brainer Trades

Thanks. Thats funny i was just thinking of adding 2 moving averages to the charts, havent seen the thread yet but noticed there is a couple of trendline break threads. Thx!

Trendline Break (The Only System You Need)

You couldnt be more right. Im learning that discipline + patience is key here. Money management, lock in your profits and protect your capital. If i do that i all the time, i'm going to accumulate some wealth thru trading.

Trendline only system- Please critique

Chart examples would help. I've gotten couple false trendline breaks too and thats fine,i'm only risking 10 pips, i'm actually going to start only risking 5 pips because once these things go they typically go down if its true break, otherwise you ...

Trendline Break (The Only System You Need)

Sure it can work, with proper trade management you can make some great pips with these shorts. I'm not sure of other software and brokers but my broker allows me to liquidate part of my positions in metatrader 4. If you properly backtest this ...

Trendline Break (The Only System You Need)

It seems on 5m chart if you consistently used 10pip s/l and 20pip target each trade, you could have an overall pretty consistently successful system.

Trendline Break (The Only System You Need)

so you pretty much trade channels on short timeframe? you must use a stop loss for each trade, otherwise it can always break out of the channel and when it does it can be very rapid - with no s/l in place guaranteed to leave you with not happy ...

3 week demo account leading up to live account.

Directly from their website: Minimum and maximum profits: in the ZERO accounts, there is a minimum number of profit points you have to get before you close the deal on the 7 major currencies which is 35 Points, meaning that the client will not be ...

FX Pulp - Zero Account

Do you draw the trendline looking at longer term chart and then execute trades based on the 5m chart as you mentioned? I would think that trendlines on 5m chart are not as significant, prone to false breakouts. Do you take into account news and keep ...

Trendline Break (The Only System You Need)

I see what you mean Tony. I definitely like the 2pip stops. Do you see the best setups occuring during london open for this type of trading?

Central Banks & Big Players

Tony, great thread. Why do you think this is where the central banks and big players making trades? just curious as i'm always interested in learning how those guys trade. Also, better to use candlesticks or heiken aishi on this? thx!

Central Banks & Big Players