because you have a large close time for futures the open can and does gap much of the time where in a 24 hour market the open will almost always start right at the close of the previous bar. this causes the bars in forex to much of the time cover ...

My Journal Of Beginning Again.

you just touched on one of the most difficult aspects of forex trading for those who are used to futures markets. look at any daily forex chart and notice the staggered effect you get from a 24 hour market. now go look at a daily futures chart and ...

My Journal Of Beginning Again.

day trading off of daily charts is a road less traveled and a road to success. I have been looking for this statement for almost a year from someone. khoong just dropped gold if anyone cares to look closer. jim

My Journal Of Beginning Again.

Rule #1. Its not about trading its about not trading. I know you will understand what I mean. I have admired you for some time. Good stuff my friend. jim

My Journal Of Beginning Again.

Early Pf Subscribers — Just returned for from a two day trip to show off my new son to some great grandparents and discovered some early subscribers. THANK YOU. i will be sending out access instructions on jan 2. for those of you who are ...

james16 Chart Thread

fx is playing this in his own way which is fine. if you want to play this a bit more conservative play a buy stop around 1620 to 1625. remember this is the weekly chart and a position trade with the bottom of the pin 200 pips away.

james16 Chart Thread

i am doing a ret of the pin bar itself in other words the entire day.

james16 Chart Thread

great stuff habeeb, who are you trading with?

james16 Chart Thread

what do you set yours at fx and do you like to see the tail protrude thru the bb or just touch it? jim

james16 Chart Thread

thanks huskr, you made my day/night. i wonder a lot who's out there watching and not posting. welcome aboard and keep posting. jim

james16 Chart Thread

as with all brokers you will get varying reviews but like john i like tight spreads and no dealing desk to worry about. thanks for watching my thread. you will like it here.

What exactly is 'scalping' ...?

ahhh my good friend john. how are you sir. my brother on the battlefield with tradevomit. share your scalping method with us sometime john.

What exactly is 'scalping' ...?

if your gonna scalp and i dont consider 10 to 30 minutes scalping use a broker without a dealing desk like interbankfx. at least you wont have someone actually trading against your actual position. i have heard some horror stories about forex ...

What exactly is 'scalping' ...?

another good question. lets look at it. if i had played a buy stop at 1535 and put my stop under the bar at 1425 i have a 110 pip stop. a large stop yes but remember we are playing the daily chart. we could have taken a fib retracement of the pin ...

james16 Chart Thread

great question, there are multiple ways of playing them. what i will usually do is wait for the pin bar to form and then play a buy or sell stop. look at the current cad pin bar. the eyes are not even but many times they are not. fx entered at 1516 ...

james16 Chart Thread

great question. no supp/res here just a good pin bar at an extreme low. i didnt take it either because i am so dang busy with the holidays a pregnant wife and the pf but i sure wish i had. thats ok, there will be another one.

james16 Chart Thread

what a great post man. there's gold in this post.

Help@ info overload!

did anyone else take the daily cad pin bar?

james16 Chart Thread

i love the gold market, great job habeeb. all of you should begin the process of paper trading the futures markets. give yourself a bunch of markets to watch and watch patiently for the best trade set ups. why in the world with all the markets to ...

james16 Chart Thread

fx, i see your trade went almost 100 pips into profit. where are you at? have you taken partial profit? this was a true pin bar and as usual they tend to work. the long nose and where it closed gave a great trade. jim

james16 Chart Thread