Just saw your thread DonPato, looks very interesting. My methods work pretty good, usually. But something always comes around and steals my lunch money. Most recent, the Wuhan virus. I hope I can find some nuggets here to help me see the lunch money ...

Discussions on Order Flow/Volume

Not yet time for the scalp long. We have FOMC. After FOMC, maybe? Depends on the reaction the press confer. Right now we are at important retracement area. I drew the fib upside down from the head and shoulders so you can see the extension. This may ...

EURUSD only

"Anyway, have any idea what CLUB would that be?" Sorry my bad. I should have specified trading club. Any trading group does not have to be forex as the same principles apply to stocks, bonds, soy bean, etc. Try googling that for where you live if ...

Successful traders are very, very rare to find

This forum is not a place to find traders. Better to join a club and meet up with fellow traders. Typically, if you say you are successful, you get the following responses "Show me a TE." or "What are you selling?" or "You are a scammer." or It ...

Successful traders are very, very rare to find

Good spot to scalp long. I just went long. Will close before End Of Day. image It does not work every day, but most days it's good for a few pips.

EURUSD only

This is very old rule, I believe first used by Jessie Livermore over 100 years ago.

EURUSD only

image Missed my short order by a few pips. Looks like a M pattern inside a larger W. I see this as indecision and/or rangebound. I have orders to sell 1.1038, also buy orders at 1.10980.

EURUSD only

Took profits before end of week. Next week I am looking at range trading between 1.1038 and 1.0980. Not predicting as anything can happen, but that's my plan. image

EURUSD only

Great movement. Finally we can make decent money! image

EURUSD only

Nice W on the 5 minute but it stalled out right around where I went long. image I am covering here for small loss and standing down. Looking now for short side trades. As Porky Pig would say, "A-yee-bid-duh, A-yee-bid-duh, A-yee-bid-duh, That's ...

EURUSD only

Which way do we move first? I am double bearish as now we have the wuhan virus and flight to safety. And retail heavy on bull side as posted earlier. But first I believe, a little tease from the movers --- to bait the bull trap? The push up to get ...

EURUSD only

can be both fear of missing the move and greedy to want more fear of losing profit and greedy not to lose winnings long from 1.1090 stop below 1.1065 target 1.1135 area image

EURUSD only

I flipped bias to scalping short last week. Retail traders appears to be committed to long side and this happened last week. image On the 1 hr chart, you can see either the bear flag, or the inverse head and shoulders so indecision in the charts. ...

EURUSD only

I stand by my original statement however I will flip the statement for the not. Failure does not guarantee a negative attitude. We can choose how we handle failure. A negative expectation on an outcome will always, in the end, be achieved. Sometimes ...

has anyone EVER seen a successful trader/trading system?

I agree that many new traders come in with the casino mentality. They place their bet and cross their fingers. There is no way to stop people from gambling, regardless of how many posts you make. The gambling addiction is hard-wired and perpetuated ...

has anyone EVER seen a successful trader/trading system?

just got first buy signal but it is weak, so small buy .1 lot at 1.1095. stops below 1.1067 no target yet I plan to add to this position

EURUSD only

Not all traders can take a small amount, say $10,000 and turn it into $1,000,000 in one year. But it has been done and is documented. A while back, you took a small amount trading in retail Forex and made quite a profit. I remember this. I did the ...

has anyone EVER seen a successful trader/trading system?

"Not true for all businesses" Ok, Name one that stayed in business selling their first and only product. Just one. And critique how they were able stay in business with their only product. I will get you started - tell me how Microsoft could have ...

has anyone EVER seen a successful trader/trading system?

I am thinking out loud right now as my shop is closed but I am looking at the 1.1130 area as the entry point for long orders. I think it will get there but I am on wait and see until next week. image

EURUSD only

I could also write a longer post giving the facts why every business that survives has to diversify but won't. I know of no gas station that sells only gasoline (petrol if you prefer) and is prosperous. They sell food, lottery tickets, car wash, ...

has anyone EVER seen a successful trader/trading system?