I agree with the OP, it really is/can be as simple as that. Though how one defines S/R, and whether or not to enter a trade there at a given point in time, is another matter.

The whole 9 yards

Markets do change. It really depends on what aspect you're talking about. Some things change, others are constant.

Market is ever changing?

Not sure what gave you the impression that there is a gap in the over-saturated, generic-advice-for-newbies market, but good luck. Only you can answer that question. You presumably have some sort of record of all your trades. Assuming you are ...

Question for you guys: What do you need advice on the most?

This shouldn't even be a question. By changing your lot size, your strategy and RR/WLR remain constant. By changing your TP "target", you're completely changing your system, and therefore your RR/WLR. Maybe you'll turn a winning strategy into a ...

Which would you prefer: increasing lot size or TP size?

I might be missing something but how is point 1 pyramiding? You're entering, exiting, and re-entering trades rather than adding to a position (i.e. pyramiding). The conservative approach seems the more aggressive of the two. How about this (idea ...

How to Pyramid Entries to Increase Initial Risk/Reward 10-fold

Macro is such a varied subject that you'll probably need several books (at least) to get a good understanding. For some reason no books come to mind though I've read many... but besides a basic general economic textbook (like Principles of ...

Need book recommendations for Macro analysis

Yeah bond prices fluctuate just like any other commodity or security. Reasons for price change can include various macro factors e.g. the ones that EE mentioned, as well as technicals and other intraday stuff, overall just supply/demand like any ...

What drives the Bond Market

Doesn't look very rounded to me... it's back just in a few candles.

Fail Better

Possible support forming in DAX ~8030-40 if we break/retest (h1 chart): image

Fail Better

url Take a look at the prices listed for cash vs Sept '13 futures contract.

Trading S&P 500 on Oanda Asia Pacific

I don't know how trading with MT4 works, but a stop order is simply a market order which isn't executed until the trigger price is hit. So if you sell, your stop loss will be a buy stop order above market, and your take profit will be a buy stop ...

Slippage explained

It all depends on the type of order being used on TP and SL. Broker must have assumed the sensible option of a limit for TP and stop for SL. Your experience suggests you use stop orders for both SL and TP, hence slippage on both. See attached doc ...

Slippage explained

Be careful when drawing levels and general charting on CFDs (e.g. your SPX from Oanda) as the PA and/or prices and subsequently the chart will often differ from the underlying futures. E.g. try using Oanda's Bund CFD chart for charting and you're ...

Fail Better

I don't believe it's necessarily so. Just because there *was* interest to buy/sell somewhere doesn't mean there will be again next time round. It might be more likely in the case where price makes a low, and then later on we come down to it again ...

Order Flow - Achieving the mindset

The market is an "auction". There are people interested in selling the security, and there are people interested in buying the security. Naturally, as you can imagine in an auction, if lots of people want to buy something which is low in supply then ...

Order Flow - Achieving the mindset

No need for an opinion - here's fact. These spikes are caused by (a) lots of order hitting the market by people trying to urgently enter positions to trade the news or exit positions taken on different expectations, in a (b) low liquidity market, ...

Order Flow Trading

Ah - you're good dude.

Order Flow Trading

How about when you have to pay interest, which is probably more often than not? Oanda: any plans to add CFDs for bunds?

OANDA Discussion

FWIW - Beggs is the best PA guy I've come across.

Recommendations on forex mentors and courses?

Oanda: have you considered implementing a functionality allowing positions to be transferred between (sub)accounts? I don't know how feasible it would be but I've often wished to be able to move a position from my main trading account into a ...

OANDA Discussion