Good morning traders... bettervolume... No I don't trade oil though it should make no difference i.e. a chart is a chart. I rarely trade anything other than the AJ (AUS/JPY) because the lot size is cheap, the spread is good, the price movement is ...

More simple is impossible

I guess that is what I am asking then BBalazs What are those precise entry points you speak of and what is the risk based upon. I am guessing the entry is associated with the direction change and the stop would be below/above that same point. Thus ...

More simple is impossible

That is correct, however the difference is I know what lot size to use to get the desired result and the distance it is likely to go. Just using trend line breaks is fine but where is it going and how much should you risk and where are the stops to ...

More simple is impossible

Here is my chart in all its glory but I read more into the chart than what you see here. For instance the resistance is broken and the support is holding. A test line (not trend line) has been broken. I still don't know if the trade is going to work ...

More simple is impossible

Yep BBalazs it seems to me most people like to keep things simple and as long as it continues to work for folks then there is no need to change a thing. This doesn't mean we cannot always improve ourselves in some way or other and understanding ...

More simple is impossible

Here you go Dee50 This is a great example of the use of the Quartile though I wish it would happen everyday. I trade 5% per Quartile so it doesn't matter whether they are 5 pips apart or 50 pips apart the results are the same. I look for the trend ...

More simple is impossible

Hi dee50 hi I am not surprised you cannot find anything on the Internet because there is very little of value there and what there is is usually useless or incorrect relative to reading the price action. As a result most people then start to look ...

More simple is impossible

Well that puts the mockers on Sunday school

More simple is impossible

Damiend this is the same piece of chart you posted illustrated differently to show you how to draw trend lines. The key to drawing these is to locate the resistance levels (shown) or the support levels (not shown). Note how we can get very tight ...

TMT Scalping System

I don't understand what triggers your trade entries

Simple Fibonacci Trading

Hi AtillaFx Not sure about your 1 min EJ above where you ask why did you take it. Here is my take on that pair though I don't trade it (I stick to one pair only i.e. Aud/Jpy) See how nicely the Quartile picks the target distance from the range at ...

Simple Fibonacci Trading

Public holiday here in Oz AtillaFX, may be a quiet session during the Asian on Oz pairs

Simple Fibonacci Trading

We would now swing the Quartile from top to bottom because we have a bullish divergence and can pretty guess we have reached the bottom because we have made two Quartiles. Then we see the bulls find support above the waterline and above the EMA so ...

Simple Fibonacci Trading

Hi AtillaFX I had no intention of getting you excited but I can tell from your attitude and your intellect you are smarter than the average trader. Please understand I have been trading this for many years and that adds up to a lot of experience in ...

Simple Fibonacci Trading

Here is an example of the way I use it. 1) The inference is taken from the 30 min chart i.e. Price finds support above the water line and above the 26 EMA 2) Put Quartile on the last swing high and low on the 5 min to find the potential levels. 3) ...

Simple Fibonacci Trading

Hi AtillaFX...There are actually many ways to trade a Quartile and yes they can be applied to all time frames, as we say fractal. This is your thread so I really don't want to impose here by putting in my bit. I merely wanted to show there are ...

Simple Fibonacci Trading

Why use the Fib at all, I have always found the Quartile to be far more accurate and predictive. If the price fails to break a Quartile level then it retraces to test the opposite side. Below is a bigger picture of post 961

Simple Fibonacci Trading