I am an intraday range trader. Years ago, I did scalp, but it was based on so much precision that I ended up losing more money than I made. I kept losing my place in the market direction and so trading become quite emotional. Then I went through a ...

Trying scalping with a 1000 bucks - Scalping is expensive!

You need to learn how to exit so you can profit more than 3 pips per trade. It will only take ONE time that you are losing and decide to hold onto it to see if it will turn around and you will be hurting, because you didn't ride out previous ...

Trying scalping with a 1000 bucks - Scalping is expensive!

You need to check the news calendar on FF every day before trading, or if you use meta trader, you can download this tool and it will show you the news for whatever currency you want, draw lines on your chart to visually see it coming, and do a ...

What happened yesterday?

Did you take a sell, but the market went up? If so, you need to fix that.

LFX Trading Proverbs

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GBPUSD movement poll

I am not sure, but I think that was about 11 years ago. Many things have been improved since then. url

LFX Trading Proverbs

You should not speak negatively about yourself to yourself. If you think you can, or think you cannot, you are correct. Overall, Forex trading is just a matter of interpreting a graph. If you do not know much about graphing, start there. Each price ...

LFX Trading Proverbs

I do not use any acceleration indicators. Consolidation is normally identified as a mismatch between buying and selling on different time frames. The lower time frame might show sell, while the higher time frame will show buy. In range trading, if ...

LFX Trading Proverbs

Go to Tools / Options / Charts and reduce the number of bars in your history. Personally, I use 850 and my mt4 is fast.

Indicator Bank

Whipsaw and small ranges are a common pattern. That is why I use multiple time frames to determine if it is even worth bothering to trade. Two things to note about the TDI. My homemade one worked in real time. The actual TDI works on candle close, ...

LFX Trading Proverbs

The more I think about it, my oscillators are like an advanced design of a TDI. Understand, I do not use TDI on my current template, but in the past I actually invented my own before I even knew the TDI existed. The TDI is written against arbitrary ...

LFX Trading Proverbs

If the bandwidth indicator has a Common Tab, you can set the minimum and maximum values in it. Just click each box, input your number(s), then click OK.

Indicator Bank

A trend is a range on a higher time frame. Learn to trade ranges and you will find lots of trades.

Does the Market Trend More or Range More?

No. It was a visual of how to overlap moving averages from various time frames that we had discussed privately. I used his parameters to create it, so after he saw it I deleted it to prevent any confusion.

LFX Trading Proverbs

I realized that a time frame is just a time frame. They all draw the same patterns. They differ in the range from high to low and in the frequency of those ranges. If they are all functioning the same, then when their movement aligns to each other, ...

What helped you the most to be profitable?

In this pic, the yellow dot "3" represents the concave where the slope is "0". The red boxes are the inflection points. In this case, all three inflection points are the horizontal type. It is important to learn how to identify the horizontal ...

LFX Trading Proverbs

First you have to learn about graphs. I think this is where most traders fail. Rather than learn some simple concepts, they veer off into guessing the outcome of news releases or drawing lines to connect apexes. In this video, the inflection point ...

LFX Trading Proverbs

NSFW = Not safe for work? LOL. Only about 5% of us use indicators and only about 1/2% actually know how, so I am not too concerned. It was only meant to be temporary to emphasis my point. I think he saw it, so it's gone now. All's well that ends ...

LFX Trading Proverbs

While that is mostly true, it would not make much sense doing that on 5M and 1HR charts. I say mostly because if someone is short on the 5M and making money, it means the person that is long on the 1HR is temporarily giving money back, lol. But ...

Diversify by trading the same pair but on different timeframes

It sounds like you learned a great lesson. What looks good in history does not always translate into live trading. This is because of moving averages. As the sample size increases, the moving averages adjust, so what you see live can alter with new ...

LFX Trading Proverbs