- Search Metals Mine
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dkrock replied Jun 18, 2016Goofy question. Why not just trade the market that occurs? You cannot "predict" anything, but you can follow it very easily. If you are trading line breaks, WOW, good luck with that!!
How to know if a S/R level is going to hold or break
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dkrock replied Jun 13, 2016You can trade blindfolded as long as price is moving up and down. Unfortunately, that doesn't last. It might seem like it does because you are looking at really high time frames, but eventually they will collapse, and consolidate flat. Unless you ...
Being on the correct side by following the momentum
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dkrock replied Jun 13, 2016Sometimes Bollinger bands will show you flat areas, depending on how you use them. The outer limits will go horizontal. I use a custom indicator, but you can try Bollinger bands for simplicity. In the charts you posted though, there was not enough ...
Consolidations
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dkrock replied Jun 11, 2016I reviewed your post, and it looks like you are using market position via horizontal trend lines to spot what I call consolidation areas. Unfortunately I use market momentum per indicator analysis, not chart analysis, so it is an entirely different ...
Consolidations
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dkrock replied Jun 10, 2016Not sure I understand your question? Why would anyone avoid ranging markets? That is the bread-n-butter of trading. If you are not trading ranges, what are you trading? Nothing? Just staring at charts? A trend is nothing more than a higher time ...
How to identify ranging market?
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dkrock replied Jun 9, 2016That is true in the beginning. So, you seek out forums to find someone to support you, but then you get trolled with worse attacks than from your family. Tough business to keep vision and rock solid confidence for a lot of people. I think if you are ...
If you haven't made it yet, what makes you think you will?
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dkrock replied Jun 8, 2016Broker politics aside, gaps are normal trading events. You see one nearly every Sunday when the market opens. My advice? If you do not have access to a trading news report, why are you trading news? I understand some people prefer fundamental ...
What's the deal with forex.com?
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dkrock replied Jun 8, 2016It is really only a measure of commitment to your craft. You can hit balls at a batting range, but that doesn't make you a baseball player. You either do it, or you don't. FF has a great many "investors", but few traders. I understand why someone ...
If you haven't made it yet, what makes you think you will?
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dkrock replied Jun 8, 2016What is the link to your book that describes how we are being scammed by the types of income discussed by Robert Kiyosaki, every business book, and every business school?
Why I trade Forex? Hbu?
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dkrock replied Jun 8, 2016I suppose for the same reason people play video games all day long...to enjoy the challenge and eventually win. Forex is similar to battling against online video game players, only the winner gets paid. In essence, it is a video game you get paid to ...
If you haven't made it yet, what makes you think you will?
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dkrock replied Jun 8, 2016Choose a time frame with a good range to make consistent profit and a good sample size to reduce head fakes. Then convert it to a lower time frame to gain precision.
which time frames to use
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dkrock replied Jun 8, 2016In my opinion, there are two mindsets in the world, corporate and entrepreneur. A corporate mindset desires a steady income with some security in their labor. You agree to become a pseudo slave to help someone else make money. An entrepreneur ...
Why I trade Forex? Hbu?
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dkrock replied May 28, 2016Sure. I understand. I experimented trading like that a long time ago after reading Strignano's ebook. Later I found that trading against multiple time frames makes those patterns irrelevant. That is just me though. Some people might like it, but it ...
Consolidations
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dkrock replied May 27, 2016Okay. Thank you for explaining. You are calling consolidation the area of the market contained by trend lines and so I am guessing you want to trade the break-outs? That is completely different from my view. I attached a trend line indicator that ...
Consolidations
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dkrock replied May 27, 2016What is your definition of consolidation? My definition is consolidation is an area where the market runs horizontal and the range between entry and exit is too low to profit, so it results in several break-even or small loss trades in a row. Do you ...
Consolidations
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dkrock replied May 27, 2016The problem with your opinion is that some of us don't use dead charts to trade. Some of us are more advanced, so we trade according to current conditions, technical and fundamental. Trading dead history to us is guessing. Trading live action is ...
Before or after the fact?
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dkrock replied May 27, 2016How much have you been trading with them? What time frame? I got refunds from them for being fined for slippage on about 20 trades. I also had to redefine my strategy to account for the spikes that occurred after they would fall about 20 pips off ...
Need US broker for a large account
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dkrock replied May 17, 2016If you can trade a trend, you might consider trading a lower time frame. A range on your time frame might be a trend on a lower one.
Method needed for Range trading
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dkrock replied May 16, 2016HA, a cartoonist. Actually I heard about a profession the other day I am thinking of changing it to called Financial Engineer.
What's the job title when working as a retail forex trader?