So price went up a bit and is now consolidating around the 1.754500 region. Need to see the price go: ABOVE: 1.75600 - to determine if it's going up a bit more. BELOW: 1.75300 - to determine if it's going to turn and go back down.

GBP/AUD - Daily Trading

So the pair picked up this morning and went along the D1 downward trend. Seems to be pausing currently and may be turning to go back upwards. I had an entry at 1.76306 and had my exit (TP) at 1.75497 - so about 800 pips. I have a zone at 1.73407, ...

GBP/AUD - Daily Trading

Seems to me that the price has been going down mostly from the H1/H4. There's certain areas of support/resistance as it's been going down and lots of consolidation. The D1/W1 shows that it's been going up, but that's really for longer term trading. ...

GBP/AUD - Daily Trading

Thread seems dead. Was thinking of switching to this as my primary based on the movement it gets daily. Any thoughts on this? From what I'm seeing the M1 appears to be in an up trend but pulling back down for now. And the D1 seems to be in a down ...

GBP/AUD - Daily Trading

Thanks for all the assistance so far everyone. I realize that I've been doing the very noobish thing and fighting the trend - wanting the price to go where I want it to and not where it's going. There have been pullbacks but it's going up. The head ...

EUR/GBP Trading Room

What about confirming direction with D1/H4 and then doing shorter trades in the H1? Or confirming on the D1 and trading the H4?

EUR/GBP Trading Room

Hi all. New to this thread. 400+ pages is a lot to go through, but will take my time and see. Would like to learn how to find the waves and then learn how to use the Fib. retracement tool. Will post back when I eventually catch up.

Elliott Wave Trading

Thanks for that. Will pay more attention. Part of the learning process.

EUR/GBP Trading Room

Very first post labeled the pair "for persons who like to watch paint dry" - LoL. Anyways. Guess I was premature on the down. I forgot to take the daily into account. Part of the learning process. I'm focusing mostly on the H4 since it seems to be a ...

EUR/GBP Trading Room

OK. Well I'm no expert, and I'm still learning (trying to get more info on Elliott Wave) but here's my reasons for thinking it's a down. Zones were drawn on the MN and D1 charts using line chart before switching to candlesticks. Exceptions to these ...

EUR/GBP Trading Room

Personally - I don't think it's going to run much higher - it's on a zone by my checks. If it breaks then it may go up a bit more (expecting 1.00000), but if it turns then it may go back down to about 0.98630. That's just my thought still. The more ...

USD/CHF

Thanks for the reply. Pattern is there, but it seems to be meeting resistance on a zone - also ADX is showing a decrease in the upward trend IMO. I guess it's waiting on the news items up to Wednesday/Thursday to make an definite move.

EUR/GBP Trading Room

No new thoughts on this pair? Seems like it was headed down but the recent news pushed it up. Not sure of direction as it seems to be on a zone.

EUR/GBP Trading Room

I'd suggest no more than 1% to 5% of your equity. This depends on your risk appetite. If you have s trading system where your scalping works great for you then risk what you like. I'd suggest starting with smaller amounts or a demo account and ...

How much do you risk per trade?

Depending on your trading style/system, you could just completely hedge or half hedge during news events. Bear in mind that unless it's something major or catastrophic, normally the long term trend stays the same. You really should only be worried ...

How much do you risk per trade?

I've tested the ECN and it has the lowest spreads I've seen anywhere! Excellent! Thank you very much for this!

LiteForex Discussion

For someone that knows absolutely nothing about Forex it's a good start. You get the basics and can move forward from there. You could actually just start trading after going through the app and the PDF that they have. url It will eventually send ...

Why 99% of traders lose money

There are lots of guides available online and on YouTube. Let me get you started on the same things I started on. Forex Hero App cTrader Tutorial BabyPips You can go through in any order you like. The Forex Hero app is very good as a fast intro. The ...

Why 99% of traders lose money

Here's something that may work for that - the more experienced persons can correct me if I'm wrong. Assuming you use candlesticks....... Pick a pair. Pick a timeframe. If selected timeframe is lower than 30 minutes then move to a higher timeframe to ...

What best indicator to entry signal and TREND?

The 99% is probably an exaggeration, but it is a high number even if it's 80% give or take 2%. url url url url

Why 99% of traders lose money