I also have been straddling it and this again goes back to what your timeframe is and whether you are willing to wait for the serious pips. You can prolly trade more than one pair if you are trading longer timeframes. Normally, I will pick and ...

Peaks and Valleys (Trading Naked)

dagoods, What's your timeframe mate? If you can see past all your fibs, you might notice the last 4 days being relatively flat on this pair. It's all relative to the timeframe you're trading. Personally, my take on this pair is that it's poised to ...

Peaks and Valleys (Trading Naked)

This Week.. — I have been pretty busy this week, and have only made 2 trades since I am trading off the daily trend. Basically, my plan right now is to use peaks and valleys on the daily timeframe and to pyramid the crud out of good trends. ...

Peaks and Valleys (Trading Naked)

Into My Mind? — Hey bogus, You're doing awesome man! Keep up the good work I want to address a thing or two about the above question and also trading in general. First of all, what about sideways? Have you forgotten sideways already? This is ...

Peaks and Valleys (Trading Naked)

Me? No T/P — Hey guess, I'm a little unsure if you got 4 wins using your 2:1 Reward to Risk TP and S/L or you used it the normal way. If one must set a T/P, then I agree it should be greater than 2:1 R:R. However, I'm content with riding ...

Peaks and Valleys (Trading Naked)

Multiple Timeframe Entries — There's been some talk of pyramiding positions here, and I wanted to throw out an idea of mine for good entry schemes in order to achieve maximum pips by pyramiding. The idea is to wait for a trend to develop on ...

Peaks and Valleys (Trading Naked)

Answers and Such — Alright guys, a lot of good posts.. If I don't address yours, I still like you, you just didn't ask me a question. First point of mine is to talk about how I'm not going to use T/P's, and that's just me. I won't say that ...

Peaks and Valleys (Trading Naked)

Anyone Can Do it... — Easy pips, no indicators.

Peaks and Valleys (Trading Naked)

hnic and melpheos — Hello hnic, I'm actually from Plano also. Seems to be a few more Dallas traders around here than I thought Anyway, I see melpheos answered your question so you should be all set. For the record, the 3 pip cushion isn't ...

Peaks and Valleys (Trading Naked)

Nice! — Hey dude, Nice job! Keep up the good work Kevin I just got one trade today while I was at work and am up 190 pips in EUR/JPY.

Peaks and Valleys (Trading Naked)

Short Orders Based on 3-Hour Charts — Below are 3 short orders set for GBP/JPY, GBP/USD, and EUR/JPY, based on the 3-hour chart recent valley/support. Just my EUR/JPY chart below as they all look pretty similar.

Peaks and Valleys (Trading Naked)

Hey Arctic4x, Thanks for posting! It looks like jest found out simple is good a long time ago and we all failed to notice! Thank you for bringing up this resource. I believe it works toward the common goal here: to keep it simple, and you are quite ...

Peaks and Valleys (Trading Naked)

Hey findcount, Good questions here, thanks for stopping by! Right you are about peaks and valleys and simple break outs being essentially the same thing. I hesitate in adding patterns such as 1-2-3, and double tops and bottoms and such. IMO, the ...

Peaks and Valleys (Trading Naked)

Blackfeet, Thanks for the nice words and stopping by. I went to Paris last summer for my first time out of the US, and it is a beautiful city if only my French were any good. I've ridden my share of horses, but now I'm civilized "Good Wind" to ...

Peaks and Valleys (Trading Naked)

Update — Well then, my apologies about my poor maintenance around here. Many expressed concerns about line chart vs candle charts. My solution is simple. Use both. I now use a candlestick chart with a 1 period SMA over it so I can determine ...

Peaks and Valleys (Trading Naked)

Hey longhornxtreme, From Austin are you? I'm from the Dallas area myself. I do have an intel based mac and such but A) I wasn't aware that you could get parallels for only $70!!! I thought windows would be much more expensive no? and B) At this ...

Peaks and Valleys (Trading Naked)

Answers to Questions — Hey Lighty, Good of you to stop by! Great post. In fact, you have just about convinced me to use candles instead of lines. Perhaps that is what I will use from now on... and LOL on your PS. Call them whatever you want, ...

Peaks and Valleys (Trading Naked)

Update — Hey guys, A lot of great questions, comments, and contributions. Keep it up! Unfortunately, I've got work today, so I will not be able to respond to them all until I get home later this evening. I'll try to get to answering as soon as ...

Peaks and Valleys (Trading Naked)

Speaking of False Breakouts... — scottymoll pay attention here So that EUR/JPY trade I was long in from that example got stopped out today and therefore I was also short for a little bit. It was actually one of those scottymoll mentions ...

Peaks and Valleys (Trading Naked)

What's up Chris, No worries dude. You gotta learn sometime. My orders are around 3-5 pips above each peak and below each valley for average price. I'm going to talk more about my reasoning later for average price. This should be alright for now. ...

Peaks and Valleys (Trading Naked)