Update as of 5:32 pm est, Sunday, October 30, 2016: Current open trade(s): EURCAD; buy 236 units @ 1.4747 (opened 10-30-16); TP @ 1.4847 (EURCAD position #1) Today's closed trades: None Pending orders EURCAD; buy 237 units @ 1.4847; TP @ 1.4947 ...

Grid-Hedge Reboot

Follow-up Q&A from December 2015: Several members of FF have sent me private messages to discuss, in more detail, specifics of the trading approach described in post 12-7-15. The correspondence below exemplifies many of the questions asked... First ...

Grid-Hedge Reboot

You don't need anyone's opinion..as of this writing and according to myfxbook, you're up 72% after 9 months on a live account...so you must be doing something right. If you change your system to accommodate someone else's "expert" recommendation(s), ...

Swing Trading Strategy

To follow up to what Ferrufx stated, see www.forexfactory.com/showthread.php?t=565244 for the mathematical relationship between all pairs. Best, Dave

USD Crosspairs

Hi Daryl, When you start to trade please feel free to discuss the trades here... I'll be a bit more diligent in posting charts as well... Best, Dave

Simple 1-2-3 reversal PA scalp

Hi Darryl, Great video! I would taken the same trades as described in the video, but would have included the first setup that you described which would have been a breakeven trade for me (I don't use a pip threshold to get into a ...

Simple 1-2-3 reversal PA scalp

Hi Darryl, Generally for a 1-2-3 setup, the "price point" bar (bar #1) is a bar prior to the swing high/low (Bar #2)... I described this more fully in post #5. But with that said, the confusion comes in picture 3 of post 1 where the buy limit order ...

Simple 1-2-3 reversal PA scalp

Update... was stopped out of the USDJPY trade @ 109.685... (+17.4 pips)... Unfortunately, since I don't trade full-time, there's no way that I'll be able to update this journal as I'm doing now once the workweek starts, so I'll just post a few ...

Simple 1-2-3 reversal PA scalp

Note: ended up buying USDCAD @ 1.31235 (yellow line)...the hourly trend had just broken to the upside (see post 11) but waited to enter until the spread dropped to 2 pips.... as you can see from the image below (5 min chart), I got in late.. was ...

Simple 1-2-3 reversal PA scalp

USDJPY hourly is in downtrend.... 5 min chart showed trend line break to the downside... opened USDJPY sell @ 108.859 (yellow line); initial stop-loss @ 108.94 (aqua line) - 5 min chart. Will move stop to BE+1 as soon as the trade reaches +10 pips, ...

Simple 1-2-3 reversal PA scalp

Currently watching USDCAD. Chart 1 shows an upside trendline break on the 60 min chart...the yellow line represents the buy trigger price at 1.3116. NOTE: if price drops below the trendline at ~1.3107, this would indicate that the downward trend is ...

Simple 1-2-3 reversal PA scalp

Hi TooSlow, Whether it's called a "reversal" or "breakout"...its just a matter of nomenclature. When the trend line is down and price "breaks out" above the line and starts a counter move, I call it a "reversal"... vice versa if price reverses and ...

Simple 1-2-3 reversal PA scalp

Will start the trade explorer on Monday, May 23..... The first post has been edited to explain how to trade the 1-2-3 patterns in conjunction with trend line breaks in the direction of a higher time frame trend.. this considerably cut down the ...

Simple 1-2-3 reversal PA scalp

Best of luck to you my friend, and be safe...

My Monthly Returns

Minimum of three bars... as long as there is an "obvious" reversal bar (bar#2)... and "obvious" means that bar #1 (which proceeds the reversal bar and can be 1-3 bars away from the reversal bar; see figure below) has a higher high than bar #2 (when ...

Simple 1-2-3 reversal PA scalp

yes.... But If the market moves really fast, then I'll trail by 10 pips...

Simple 1-2-3 reversal PA scalp

Attached is an Excel spreadsheet that shows the calculated price relationships between the 7 majors and 22 crosses....a snapshot of the spreadsheet is shown below. Basically, the spreadsheet shows how the rate for any given currency pair can be ...

Useful Excel worksheets

Daniel, Looking forward to reading your journal...and congrats on the upcoming arrival of your bundle of joy! Babies grow up way too fast.... Best, Dave

My Daily Coffee Money