Exactly, usually a few pips above recent high/below recent low. For profit taking, most times I use trailing stops, but sometimes also Limit orders.

Tick Volume Divergence Trading

Yes, I look out for them and trade in the direction of the trend when the countermove is done (decreasing volume). My chart example above should help you understand. Happy trading

Tick Volume Divergence Trading

I've found Tick Volume useful for trading on the one-minute chart & M15, less on others.

How can tick and volume charts work for FX?

Hey Jason, I've opened my micro account. I was surprised how quick everything was proceed, I can also say that the Micro support team answers much faster than I expected (within 24 hrs). Cheers

FXCM Discussion

Markets are open. Ask your broker if they're doing business as usual, maybe they haven't opened trading yet. If they have, re-install MT4.

FX Markets Open? - 2 Jan

Your posts are exactly the same as the meaning of your nickname.

Price action is dumb, and you're lazy for thinking otherwise

You analyze way too much and making trading harder for yourself. My advice would be to stick with the analysis you feel most comfortable with, is not too complex (= doesn't include 100 other analysis within) and you have backtested. Historic ...

Help 4 Struggling Trader

I actually think that USD/CHF FX SPOT chart is more attractive to trade than the USD/CHF futures.

Do you guys find that forex trading sucks?

Sure, thank you for your comments and successful trading in 2012 to you.

Indicators CAN work!

And I don't understand people who try to generalize their opinions. If indicators don't work for you or you don't like them, fine, but don't say it cannot work for anybody. I can understand why people think like that, most likely they were also in ...

Indicators CAN work!

@ Ignocito: 14 periods CCI @ Redlion: I am aware of how CCI and SMA are being calculated, but unfortunately I don't see what you are asking me? As I said I understand that indicators are following price and not predicting price, also I'm filtering ...

Indicators CAN work!

It's simple, I'll write it down here. Daily chart with a 200 SMA on it -> if price is above the 200 SMA, trend is up. If price is below the 200 SMA, trend is down. H4: Short if trend on the daily is down and CCI crosses from overbought (above 100) ...

Indicators CAN work!

Indicators can work too, if you know how to use them. Still, every trader should be familiar with PA, S/R.

Are the PA, S/R and candle formations the key to be successful traders?

Hi, Do you use indicators or similiar, price action or only fundamentals? If I may ask...

Do you guys find that forex trading sucks?

Jason, thank you for the answer! Yes, I had to submit a passport copy + proof of residence and uploaded them in the application. I've already sent it and I'm waiting now for a response that I can get an account number and deposit. I'll deposit via ...

FXCM Discussion

Hey Jason, A few questions: 1. Is it possible to trade micro account on the standard Trading Station II or does it only work on the Micro Trading Station? 2. How long does the Administration needs to open my Micro account? Thanks!!

FXCM Discussion

I wouldn't do business with such a mysterious broker with unfriendly customer support, I'm sure you can find better one's. Good luck.

Another Bucketshop?