Up 8 pips and looking to breakeven soon. I like the fact that a downward sloping trendline has been broken.

Nelson7 vs Eur/Usd

Entered buy @23:45, currently down 4 pips with a total risk of 13 pips.

Nelson7 vs Eur/Usd

Canceled buy market order. Market has retraced to far. For now will sit by and watch for more favorable conditions.

Nelson7 vs Eur/Usd

I just set a buy market order, waiting to see if uptrend resumes.

Nelson7 vs Eur/Usd

Woke up earlier and saw that trend had changed. The 1 hour is now in an uptrend. Will continue to watch.

Nelson7 vs Eur/Usd

Earlier I entered sell at 1:51 GMT open price 1.35890 , with the stoploss at 1.36110. Total risk for trade 22 pips. Market ran down almost immediately and when approximately at 1:1 I set the trade to breakeven only take be taken out a few candles ...

Nelson7 vs Eur/Usd

Entered earlier 1:51 at 1.35890 with a stoploss at 1.36110 , total risk 22 pips. Market ran down, set order to breakeven when almost at 1:1. Market retraced once again and trade was taken out breakeven. Looking for market to realign and continue ...

EURUSD

I like to look at the hour for the trend using 2 ema's. Then look at the 5 minute for a valid retracement and i'm in.

What is your trading timeframe?

I agree, it doesn't matter what MA you choose. I like to place an ema on a larger timeframe such as a 10 ema and then go to the smaller timeframe and trade with the trend all while looking at the how price reacts to the larger ema on that smaller ...

It's kind of curious...the war between price and indicators

I agree, don't over complicate trading. All you need is the larger timeframe to give you the overall trend. And you then make your entries using the smaller timeframe. Use moving averages to give you concrete evidence as to whether the trend is up ...

Multiple Time Frames Analysis!

if you can trade randomness you can trade any instrument. its easy, find the trend and trade with the trend. at the same time make sure your winners are larger than your losers.

Can you tell with naked eyes?

[quote=markmm;3637227]It is tradeable, but not using patterns, at least not the traditional patterns.[/quote i agree

Can you tell with naked eyes?

definitely, van tharpe "trading your way to financial freedom". it gives a simple probabilty based approach as to how to look at the market. especially the example in the book on probabilty and pulling colored marbles from a bag. keep it simple let ...

Forex Books you would Recommend

Sorry I wasn't able to respond sooner. Nice trade. Congratulations. I had my eye on that trade ever since it hit the bottom of the previous support turned resistance. I actually exited the trade at 1.57703 due to the fact that I was also in a few ...

Nelson7 Simple Trading

I understand that trends last for days and that when they do they will make you plenty of pips but there is nothing that says that while you exited the first part of the trade at 1:1 and captured the rest with the second half of the trade that I am ...

Nelson7 Simple Trading

Glad to see you following the thread. I personally prefer to either be all in or all out of a trade, keeps it simpler for me. I also have tried in the past opening two positions one at 1:1 and the other was allowed to run but what I found with this ...

Nelson7 Simple Trading

Thank you, I see it now.

Nelson7 Simple Trading

I use experience and optimized observations to move my stoplosses. Sometimes I move it to lose some of what I risked and other times I move it completely to breakeven. In this case I saw weakness in the movement at major support.

Nelson7 Simple Trading

Nice indicator, i'm sure traders will find it useful, only thing is that it only showed formations for long entries. And I just want to remind traders that not all 1,2,3 candle formations are entries they must be with the trend, they must be ...

Nelson7 Simple Trading