I would advice you to hide SL above/below daily extreme. If SL is too far away, don't trade it.

The IGROK files - Adventures of a rookie using the Igrok method

There is nothing wrong to use any indicator as a tool if you know how to use it. As with many other things, very few even know how to correctly spot divergence on such a common tool like MACD.

Indicators or none?

For some real statistics; url

The 5% success myth busted by CFTC

Most suspicious statistics I have seen in a while. Too much lack of important data to open your bottle of Champagne.

The 5% success myth busted by CFTC

I think the reason why TA is so useless for most people on FF, is lack of proper education. Think of it, the reason why people strive to educate themselves, is because they want to learn a set of skills they successfully can apply in real life, ...

Is 90% of TA useless?

Yes, most of the common stuff floating around, also here on FF, are mostly useless for making money.

Is 90% of TA useless?

Usd/jpy comb;

Drawing correct resistance and support-lines

Here is a TL with 3 touches. Quadruple divergence on MACD too so we'll see 0.8400 area very soon.

Drawing correct resistance and support-lines

A TL is broken when price heads on the other side of the boarder even with 1 pip. Like Igrok said: "either your pregnant or not. You can't be half or little pregant".

Drawing correct resistance and support-lines

Pullbacks happen. Personally I never trade pullbacks anymore, I like breakouts better. Also I'm more fan of patterns and horizontal lines than angled TL.

Drawing correct resistance and support-lines

Triangle with flat surface along with changed MM to down on the break. SL above daily high. P.e.r.f.e.c.t.

Drawing correct resistance and support-lines

Nice-1

Igrok Method. Q's & A's. Comments, thoughts and ideas

Perfect "combs" on usdcad with nice breakouts. First one looks best on higher TF;

Drawing correct resistance and support-lines

DT! Good to have you back For those who do not understand this, you still have a lot to learn.

Leverage Reduction: First USA now Japan. Who's next?

My god, how will the Japanese traders survive with only 50:1 leverage !?

Leverage Reduction: First USA now Japan. Who's next?

Cookie in the mail I knew you got this one first

Igrok Method. Q's & A's. Comments, thoughts and ideas

Saturday Quiz — I found this picture from a Germany trading-floor, showing a intraday chart of DAX. A cookie to the first person who recognize the pattern it formed

Igrok Method. Q's & A's. Comments, thoughts and ideas

Any discussion about a trends strength is really not much of importance even though I responded to your quote. What matters is how you capitalize on it before it finally comes to an end. The eurusd trend that lasted many years was great. I made ...

What does strongest chart trend look like?

What throws me of is how badly informed and educated most people here really are. It must be a goldmine for brokers to advice here.

Stop fooling yourself; There is no system

Where do you guys get your incredibly useless information and market education from? Did market makers drive gbp/usd from 2.1$ down to 1.35$ in less than 2 years? Who says all CB make a killing on currencys? Phone SnB and ask them how much money ...

Stop fooling yourself; There is no system