Short EU anyone? — Does this qualify as a no brainer?

No Brainer Trades

I can't imagine paying that kind of dough for a news feed. I do quite well analyzing charts on my own without talking heads clouding things up. Put you money in your trading account!

"Light" alternative to Bloomberg anywhere?

I had 2 excellent trades this week on USDCHF. Caught the nice move today closed out 2 for 160+ this morning. For the week chalked up 200+ pips. I'm not rich though because I am only trading a mini account. For the year up 1.5%. I hear your ...

A Trading Journey - S&R, RNs and PA

Have a good weekend. Took a trade on EURUSD after the dust settled a little for whopping 9 pips!!! Following your thread with interest and enthusiasm.

A Trading Journey - S&R, RNs and PA

Daily shows Kiwi hit supply and reversed. The MACD is above zero so I look for longs. Daily has painted red for now but that means to me there is a retracement going on. I know don't need the MACD to tell you that but I guess psychologically it ...

A Trading Journey - S&R, RNs and PA

Those lines are spot on. For what it is worth I use the daily MACD to dictate the direction of my trade. If it is above zero I trade long. So even though the Kiwi hit a pretty convincing supply zone I passed. I will wait for price to visit one of ...

A Trading Journey - S&R, RNs and PA

Kiwi — Hope you don't mind my comments and some occasioinal posts. My thoughts on Kiwi. I was itching to short this one at the supply area but I respect the MACD which is above zero on daily and 4 H so I passed. Kiwi tends to correlate with EU ...

A Trading Journey - S&R, RNs and PA

EURUSD — Took a short at green hashed line and exited at red hashed line. Felt that strong drop was an area where more sellers with unfilled orders were lurking. I do use MACD and BBs as confirmation tools but mainly I like S/D levels. This ...

A Trading Journey - S&R, RNs and PA

HTF vs LTF — IMHO higher time frames in general provide more reliable signals and offer newbies more time to analyze. Trading on 1 min, 5 min is basically scalping and I know few who are able to turn consistent profits trading exclusively such ...

B.S. Trading with Kenneth Lee

Oanda has very low spreads and MT4. MT4 highly recommended as probably majority of FOREX traders use it.

anyone need help?

Very much depends on the time frame. Just because a S/R line is broken on a daily chart doesn't mean it won't be respected later. On the hand an S/R line on a 5 minute chart may be insignificant one hour later. Look at higher time frames, say 4H and ...

Support & Resistance Line Width

Prescription for blowing your account. — Follow this advice and you are on your way to blowing your account.

The Catch 22 of Trading

If you trade full lot on 1K account you will blow your account in short order unless you are truly spectacular trader. Don't be fooled. One loss of 10 pips will result in 10% account depletion. C'mon!!! There is no get-rich in FOREX. If you have 1K ...

The Catch 22 of Trading

Is this a joke — When I read the attached file I thought it was a joke. If it isn't then you are using the opposite of KISS. Throw away 90% of the stuff in the word file and concentrate on building a system that uses no more than an indicator ...

Help 4 Struggling Trader

I admire those who trade "pure price action". But some of us are challenged in this area and having an indicator or two can greatly improve and help some. I get irritated when price action traders bash those who use indicators or belittle them. At ...

Indicators CAN work!

"Trading using MACD and Bollinger Bands"

Any Bollinger Band Fans?

Check out my thread. I'm not trading yet using the potential method but looks promising. I have been observing correlations between BBs and MACDs. When price pushes the outer bands you will almost always see a zero MACD cross. This is momentum! ...

Any Bollinger Band Fans?

I have read all the books listed in this thread and many many more not listed here. Many helped me learn about FOREX in general. Some had methods/systems but I use none of the systems/methods in the books I read. Reading and studying is integral to ...

A Good Forex Trading Book For A Noob

Took this trade too but a little later.

B.S. Trading with Kenneth Lee

Thanks — Thanks acetrader. Your comments, suggestions and insight are always welcome.

B.S. Trading with Kenneth Lee