I trade using a currency strength meter I found on Trading View. It's called 8 Pair Strength. I usually trade it at the beginning of the NY open, and I'm generally looking for both positioning AND slope of the lines. I would rather trade a pair with ...

currency strength meter

This is a great point. As we can see with the benefit of hindsight, the trade did not work out. When you look on the Daily TF you can see where price fell to the 365 EMA and consolidated there. I think this is an important thing to look out for if ...

4 Hour Strategy (MACD)

I may have just picked the wrong pairs (or wrong time) to test. Currently, -1,150 pips in drawdown with the Hybrid NN nearly all of which is on USD/CHF and USD/JPY

Lost Sock Evolution - Automated

Thanks for the detailed explanation. So am I right in assuming that your Magic 7 pairs are E/U, G/U, A/U, E/J, G/J, G/A, E/A ...?

Lost Sock Evolution - Automated

I have an idea for an EA that I have tried to develop myself but have failed miserably in doing so The idea is to trade hammer/shooting star type candles. The rules would be as follows: For Long (H1 timeframe) - MACD (12,26,1) value must be ...

I will code your EAs and Indicators for no charge

Agreed... I'm in the same situation with USD/CHF as you seem to be with EUR/NZD... Two trades opened yesterday morning that are -140 pips and 3 more yesterday evening that are -100, for a total of -240 pips floating on that pair. From what I can ...

Lost Sock Evolution - Automated

Looks to me like a bullish correction that is about to bounce off the 50% fibbo and will continue down. Or maybe that is just wishful thinking We’ll see.

USD/JPY Discussion

url

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Agreed. No one makes a steady 1-2% a day, everyday, trading spot forex.

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Why do you automatically equate “offshore” with “sketchy”? These two concepts are not mutually exclusive. There are plenty of reputable brokers outside of the US just as there are sketchy ones within the US. Personally, I’ve never had a problem with ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Got out of EUR/GBP on the plus side of things. Currently jumped in the TC on EUR/CHF.

4 Hour Strategy (MACD)

I originally was too but decided to take the leap of faith anyway (not always recommended lol) Looks like the resistance has been broken pending this current candle closing above.

4 Hour Strategy (MACD)

Agreed on both. As far as Euro goes, I decided to take the TC that set up 3 candles ago on EUR/GBP. We'll see how that goes.

4 Hour Strategy (MACD)

It appears we got a TC signal but I haven’t taken the trade based on how it looks on the Daily. Seems like we could be coming off a significant support level.

4 Hour Strategy (MACD)

There are off-shore brokers that offer higher leverage. I don’t think I’m supposed to recommend brokers publicly though, so PM me if you want more details.

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

I like the AUD/USD trade. I would've been in on it too, but unfortunately I was a candle late and decided not to take it.

4 Hour Strategy (MACD)

Not as big a fan of those personally. As of this writing it looks like E/A is wanting to jump back into consolidation. E/G looks a little better, but I would prefer it to break that 89.20 resistance before getting involved. Just my $.02

4 Hour Strategy (MACD)

Looks like a TC setting up on the 4H for U/J... Thoughts?

4 Hour Strategy (MACD)

Way to go, Alicia! I’m wishing I would’ve done the same after running my first go up a ways. I’m thinking I might give it another run though.

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Nothing to be honest. There’s no indicator or special tool that’s going to keep false breakouts at bay. I think the one one thing you can do is study your trades. Try to look at the breakouts that worked and those that didn’t work and see if you can ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest