Hey Chris, You got it. It's not necessary to do it all the time, but if you want more trades then you got them to take. I personally did set a buy order at the peak you mention. My chart is below, good job Regards, Kevin Hey melpheos, Good to see ...

Peaks and Valleys (Trading Naked)

To Continue the Example in PDF... — The trade in the PDF is still going. A new valley has formed so I have cancelled old orders and moved stop up to just below the new valley area. I made a new order to be triggered short if my S/L is hit.

Peaks and Valleys (Trading Naked)

Hey Chris, Thanks for stopping by. As higher/lower peaks and valleys appear, I usually just adjust the old orders to the new price locations. Does this make sense? Basically, New peak/valley = cancel old orders and make new ones. Let me know if ...

Peaks and Valleys (Trading Naked)

Hey Ed, Good to hear from you! Appreciate the positive contribution; had never seen that article before, but am well acquainted with the concepts. Always good to get another person's perspective so please give me some feedback later when you get a ...

Peaks and Valleys (Trading Naked)

Forex37, Timeframe is all relative to your available time: If you can check forex < once per day = Weekly Timeframe or higher If you can check forex ONLY once per day = Daily Smaller timeframes get to be tricky and just depend on what method you're ...

RSI Daily Pivot Point System v2.0

Hey guys, It's been a while since I've traded forex(1 month) as I've been clearing the mind...and very busy I have to say BB on steroids is one of my personal favorites... but it can take a beating in choppy conditions.. Kinko is way too risky... ...

RSI Daily Pivot Point System v2.0

Hey Fx1618, Not too many people posting here, and I think you deserve some encouragement! Keep it up, man, you will be there in no time. You will learn a lot along the way. Have fun with it. Best of luck, Kevin

1KT-Voyage

He's not worth the time billbss, let it go

Cable Riding

Not true. I think we both can agree that price reaching 5 pips from current price is more likely than price reaching 10 pips. It is this principle I will borrow from you. See above comment. Please don't tell me things like there are no guarantees in ...

iandekoker's 5 profit target trades

Yes, but how do you know that you will get more than 5 pips before the fact?(you don't) With R:R of 1:4, you have to win greater than 80% of the time to be profitable. 8 Wins = 40(8 X 5 pips) 2 Losses = 40(2 X 20 pips) Something about 2 losses ...

iandekoker's 5 profit target trades

I've had Apple since $74.87... God bless you Steve Jobs PS Booooo Merlin for hating on Apple

Apple, Crocs, Stocks oh my

I've had Apple since $74.87... God bless you Steve Jobs PS Booooo Merlin for hating on Apple

Apple, Crocs, Stocks oh my

Hey Ian, I like your ideas, man. Just stumbled upon them right now, and went through the thread. Seems interesting. I'm not comfortable with your R:R of 1:4, but I like the idea of shooting for 5 pips. I'm going to mull this over in my mind for a ...

iandekoker's 5 profit target trades

It depends what timeframe you trade if you want to take news into account. If you are trading 3 hour charts and above, then news shouldn't matter too much since you will use a wider stop. On TF's less than 3-hour, be careful. Good to see some posts ...

Ichimoku Kinko Hyo

Just got off work and haven't had much time to glance at my charts. I'm sorry for your one loss, I hope you can survive. We all have our vices, and I don't see USD/JPY as a bad pair to trade, just aim lower for profits. Got a dumb question for ...

15-Minute Time-Based Strategy

Hey smilee, thanks for stopping by! Good catch, that is definitely an error on my part. It should be around 165.42(I'm too lazy to get the exact # for you) Good luck to you too, Kevin Hey Nip, Saw your post last night, and have been mulling it ...

15-Minute Time-Based Strategy

Long @ 165.628 A little early, but I knew I was going to be ok. EDIT: I exited for 3.4 pips because we have some resistance that will be troublesome I think @ around 165.50. Once we are past that, I may enter again.

15-Minute Time-Based Strategy

About 2.5 years of trading currencies for me. A year or so prior I started trading stocks. I started trading longer-term when I first began trading, but in the last 6 months to a year, I have been shifting my focus to getting in and out with ...

15-Minute Time-Based Strategy

Looks like I missed a ton of pips there! No worries, thanks for the perfect example. Also, most of this is Palmer's idea; I just set up his chart for him. I read earlier that you had said you were fairly new to scalping, and that's fine, it's a lot ...

15-Minute Time-Based Strategy