I would just draw it from the highest high to the lowest low. In this case, 1.3735 or so down to 1.3415. Keep it simple, and make sure its obvious to the rest of the world. In this kind of situation, though, going to be hard using fibs as a meter. ...

No Brainer Trades

Hi Walt, Support and resistance trading isn't all about going against the trend. Plenty of opportunities to go in line with the trend based on these principles as well; in fact most of my trades are usually in line with an underlying trend.

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All is well! Side projects kept me busy for a while but need a break from this morning's activity, so thought I would go ahead and post. Everyone making $$$!!!?

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Fun morning everyone?!! — Ok Geitner and his comments can hang around for the time being. I glanced away from my charts for 2 seconds to find my buy stop at 1.3515 executed and on fire!! Ahhhhhhhh! How is everyone? Long time no speak. I ...

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It is. Short term I see it bid but over the next few days I think the offers will prevail. It's mixed in an immediate sense. The 1.3000 area was the place to sell. I'm looking for pullbacks personally. Its stuck in the middle right now with the ...

No Brainer Trades

Stick with the trend is always my best practice. If the trend is down, and the news is positive, fade the news. If the trend is down and news is bad, sell a pullback when things cool off, simply stated. Just watch out for the news so severe that it ...

No Brainer Trades

Either way, with proper money management and diversification across multiple, non correlated pairs, results still stand well within a trader's favor.

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Right......here's the second major issue - distinguishing false breakouts. The best remedy I came up with is that if a level has not been hit within 2 pips to wait for a third retest before attempting to sell. This is a frequent occurrance, and it ...

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Hi Cliff in terms of news sources my main ones are just Bloomberg and IFR. I try not to overwhelm myself and take note only of what I believe most traders are focused on. Like today, its all about the retail sector for the S&P, therefore carry ...

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Its been an interesting day so far. I think in terms of the spot market gaps are virtually non existant for the time being today. What I'm noting the most here is ES futures and a break to the downside after recording 6 consecutive upcloses. The ...

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Funny you should bring this up. Over my break, I too, was working on some automation techniques. I'm getting more ambitious as time progresses and found the need to diversify recently more than ever before. After reading Market Wizards a couple of ...

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Just checking in! — Hi everyone, Just wanted to let you know that I'm back from a well overdue time off and will be updating materials as soon as I can. I've gotten a few messages wondering about my whereabouts but despite the rumors of my ...

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See this is what I like to hear ....thank you and glad I could be of some good help here. Its a long road we all know but I've tried to atleast make it shorter and a little less agonizing so of course very glad to hear things have been working out ...

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Hi and thanks....good to be here This WHC trader platform has them for free - this is ES_CONT listed.....

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No idea sorry.....I'm not an expert on oil but I do know that the lower exchange prices have been causing them difficulties around a move past 60 or so. Not too sure.

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Well here's a chart - we're getting a pretty clean bounce off of this trendline here this morning....probably the main reason for the break past 1.5000. I'm not sure if we're looking at anything spectacular on a break of this but we'll see. For now ...

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What a weird day today. Early buy stops triggered across the board on some of these pairs.......I think the part that shocked me the most was GBP/USD breaking through 1.5000. Didn't envision it going that high originally. I thought sells there were ...

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Yeah this what what I posted earlier today - confluence with the diagonal trendline.....it just hit it and failing for now. My oanda quotes hit it on the head, but my other platforms arent recording it yet.

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Not bad....+75 pips so far......if you want to hear my horror story about how I missed this trade I can fill you in later but thankfully I trade full time so I can make it up soon enough .

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One thing I cant ignore today is news of the Citi layoffs. That kind of number (50k or so) I wouldnt be surprised to send a decent ripple though the market as the day progresses. We're already getting an initial reaction here today but looking lower ...

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