@Winston Thanks for the advice I am looking at resistance lines a lot more now since I have read and heard that if you trade price action together with S/R lines then your accuracy improves significantly. ...

Swoosh's Journal

Well, this has been a good week for. I made 3 profitable trades in a row and made around 70 pips. I have almost regained all my loses since I have started trading. I have really grown fond of price action. There are no indicators and my charts are ...

Swoosh's Journal

So, it has been a few days since I posted something on my journal. My old strategy was not working. I was just getting some good ol luck. Over the weekend I was studying price action and the simplicity is amazing. I read through a 150 page price ...

Swoosh's Journal

So, this has been my first day of live trading and I has been fun. Luckily I returned a profit of 10 dollars. However, I found it really hard not to check my charts every minute to see how my trades are doing even though I am not a scalper. I ...

Swoosh's Journal

So, I closed my GBPJPY and I made close to 30 pips. Which is nice for my first trade. I just opened a short for USDCAD using the 30 min time frame. I am hoping to make 8-12 pips. Here is the chart: image As you can see all of the indicators ...

Swoosh's Journal

image Here is my first live trade!! As one can see, the Stochastic Histogram is below zero, the CCI Arrow indicates sell, the IrEKo has crossed, and the MACD is showing downtrend. So, I believe this is going to be a good sell. I have put ...

Swoosh's Journal

Yes, I would bet that it would go below 0.7400. I really haven't been trading forex for too long so I can't really say with much confidence.

Take the Emotional Bias Test!

I would say it will continue to go down because the ma looks like it is changing slope and the green line has changed to red.

Take the Emotional Bias Test!

I am pretty sure an indicator like that would have to be redrawn until an extreme is found almost like zig zag. I have attached the zig zag indicator from MT4, but I recommend finding one that is faster and does its best NOT to redraw. If can change ...

ASI indicator with trendline

Anyone try using this strategy on the daily charts? I was looking back at some historic charts and this strategy would have made you a lot of dough predicting some 500+ pip movements. For example, one could of made a lot of money shorting on the ...

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

I heard Australian jobless unemployment rate was better than forcasted. It made some nice pips today. However, I am still going to short the AUD for the long run. All my indicators are saying downtrend and my three EMAs just got greater than my ...

AUD/USD