The arrow denoted my entry NOT the pinbar!

james16 Chart Thread

Thanks for the swift reply Mike. I guess I'm doing it wrong as I'm late! I waited for a 'confirmation' of the move, in this case downwards and the eye bar after the pin nose. So I entered just after the low of that bar, I'm not sure how accurate my ...

james16 Chart Thread

Hey Mike, sorry I should have said the arrow was my entry!

james16 Chart Thread

This is my first post in this topic, was this a valid trade or did I just get lucky? Cable Daily.

james16 Chart Thread

I've always used candles but I can see how the little 'arms' of the bar for open/close can be quite useful/descriptive.

james16 Chart Thread

I've been reading this thread for some time and I've searched through it but to no avail so forgive me if I've missed it but I'd like to ask the following question: why use bar charts instead of candle charts? I'm just looking for the strength of ...

james16 Chart Thread

I couldn't agree more, it's those times you get 'saved' that are the most dangerous in the long run. It's healty to lose an account once (or twice) if it makes you a better, stronger trader.

4% A Day Forever

I think you missed what I was getting at, they never seem to turn back until you're out! I was referring to the psychological blow that these kind of actions create, it's unhealthy (in my opinion) to trade in such a way. Of course it's highly ...

4% A Day Forever

We've all been there. I blew two small accounts in my early days by letting losers run because I expected them to turn or come back, they NEVER do and they always turn AFTER you close out for a massive loss. It happened very often in my demo ...

4% A Day Forever

Step 3 represents my current position after 8 months trading from scratch, although I'm doing better than 'break even'. I also wouldn't agree with the figures, remember there a LOT of people that give-up or way too early and/or break rules ...

The 5 Steps to becoming a trader

My platform (GFT Dealbook360) offers 'market depth' level 2 trading, much like the TS Matrix. I know it's likely just my own brokers retail orders but even so, I'm going to have a go at trading using it to see if it works - it might be a real ...

(binned per thread starter's request) Behind Price-Orderflow

Your annotation of that chart sum up my exact belief of what was happening too. I'm glad I'm not going mad.

(binned per thread starter's request) Behind Price-Orderflow

Funny you should say that, I have been testing (in demo) counter Tech Indicator trades that go against the majority and it's proving very profitable - if I have time I'll write up an article on my antics.

(binned per thread starter's request) Behind Price-Orderflow

It's Friday already? Where did my bloody week just go!

(binned per thread starter's request) Behind Price-Orderflow

... I was doing it right all along?

(binned per thread starter's request) Behind Price-Orderflow

I think that's the problem, separating the obvious from the no-so obvious - this topic is very much intertwined with the levels being posted but it asks we interpret them a little different? I'm still not sure this topic is on the right path or ever ...

(binned per thread starter's request) Behind Price-Orderflow

We can see a key Support and Resistance setup is appearing on the EUR/USD 15m chart. 1.4344 has proven to be a past master and a successful shorting opportunity, with another touch the only concern would be a break higher 1.4367 which incidentally ...

PipShift Trading Journal

I'd agree. That does level very 'manufactured' doesn't it, keenly pummelling through the lower support where you'd 'expect' most traders to have a long a stop 10-30 pips away.

(binned per thread starter's request) Behind Price-Orderflow

True, on a longer timeframe of say 4HR + you'd be looking to get in a price that offers good value and therefore expect the trade to run for much longer and so yes, stops after the initial entry would be more a case of catching a reversal or profit. ...

(binned per thread starter's request) Behind Price-Orderflow

...but that would imply you would always need to be right. We only have to look at the charts to see the market run away in minutes on occasion, a false move with no stop in those areas would make for serious hits! I can just about understand having ...

(binned per thread starter's request) Behind Price-Orderflow