I think the fact is that they are basic standard calculations that a lot of people use. They are all over the interweb for all to see. I don't know why they work, but they do. Clearly big players use the levels. Can't get a chart up yet, but look at ...

Question Everything

What we need to look at more I think is what causes or where the price stops trending and reverses. This is where pivot points and round numbers come into it. I am focusing purely on this area now as I found that I was constantly trying to catch a ...

Question Everything

I couldn't agree more. The problem with trends are that they are all different depending on what time frame you are looking at. So which one do you follow. You then also have problems identifying whether its a trend change or a retracement. This is ...

Question Everything

I assume if they empty your account then they'd be pretty happy lol

What the ^&*%% just happened?

Interesting, does anybody know how this works. They would obviously empty your account, but if for example the quoted price after slippage took you well beyond what you had funds for what would they do?

What the ^&*%% just happened?

Superb — All of us would do well to listen very carefully to what Acumen says here.

Trading for a Living - Cliff Notes

US to reverse todays gains — Hourly chart, double top formed more or less with the 10am and current candle (GMT+1). This with the 'usual' US action of reversing the days trend seems a good reason to hit short. Trail stop with 15 min candles, ...

EURUSD

Failure? — I guess the absence of a response = account wipeout Fool are you still with us?

4% A Day Forever

being reliant on an indicator — Guys, I see this thread is still going strong which I can only assume is because the TDI works? Does it? Firstly please excuse me as I have not read all the thread yet! My concern is that you guys are all ...

Trading Made Simple

ok so this isnt just a bull trap then, seems to be working from what I hear on here at the moment! 1.21 you're having a laugh

EURUSD

Identifying trend — I am struggling a bit here. Suppose I base my trades on the daily/4r charts, and I trade with the trend should I be looking for long or shorts here? The way I see this is that the daily is in a down trend, but the 4 hour is ...

Silent Service Method

Look at a daily chart, clearly in a down trend. Look at what happens at the round number of 1.0500. That is why I am short. Expect to see the trend pull price lower over next couple of days. Stop at 1.0510 just above the recent highs.

USD/CHF

R1 hit — Straight upto daily R1, and bounced off to the pip

EURUSD

Agree, thats how I would try and play it

4H Box Breakout

Wow that is a longterm trade. How long do you see yourself holding this for?

EURUSD

Not at all. Why would I be taking a hit? I have only just entered in the last hour or so as we have been pounding at the bottom of this flag. Any yes longer time frame, my setups are from daily/4 hrly. Entry using 1hr/15min charts. Being out of the ...

EURUSD

Long ?!?! lol — You guys who are going long are hilarious. Pull up a 4 hour chart, see that big flag that we're sitting right at the bottom of? We will drop by a good couple hundred pips in the next couple of days.

EURUSD

Sorry what is a CPA?

EURUSD

So what is the big crisis?

EURUSD