Thanks for the clarification, so trend you are analyzing will be dependent on the amount of data you are viewing. The corrective leg from the above chart can be viewed as an uptrend making hh and hl if you reduce the amount of data you are viewing ...

(binned per thread starter’s request) Trading with the Blues?

Thanks for your reply but when price touches any of those levels, do you go with the current trend or trade against the trend.

(binned per thread starter’s request) Trading with the Blues?

How do you identify the sellers/buyers zone?

(binned per thread starter’s request) Trading with the Blues?

vvFish what is the system you are using to do news trading?

News trading discussion - continuation

Sepramfx, Please do you use pending order at the breakout level or do you wait for price to break the level before you enter a trade? Regards, Sutiv

There is no Magic Moving Average - You need only one

Please can you explain your profit-taking strategy, do you move your SL to each TP as the trade move in your favour.

There is no Magic Moving Average - You need only one

Okay, correction taken, no more top down analysis and will remove all indicators, thanks a lot. I will remove nos 4, 5, 6 and 7 as stated above and move to 5 min. chart to observe the price formation and feel the pulse of the market. Do you look ...

Technical Analysis Fallacy

After going through the first 200 pages of this tread and practicing for few weeks, below is my interpretation of the MO. 1. I use the daily chart to determine the trend. 2. I mark the OHLC on the daily chart. 3. Move down to hourly chart to look ...

Technical Analysis Fallacy

Fti, Thanks for your insight. I usually leave level 1 for the gurus but attack with level 2 and 3. So far so good, G/U this morning is okay going up. I will start considering level1 when i cure my predictive nature.

Technical Analysis Fallacy

Fti, Thanks for spending your precious time to lead the way with your MO, it is well appreciated. I have gone through the first 200 pages and I'm making progress with the demo account but my predictive nature seems to be an obstacle, how can you ...

Technical Analysis Fallacy

I like your kind of mentoring but I want to do the the assignment of reading the first 200 pages before I can ask more question.

Technical Analysis Fallacy

In feeling the pulse of the market whether it should go down or up, do your consider Phi.

Technical Analysis Fallacy

Thanks for responding to my questions, what you said about me is correct and I'm still going through the thread but my major challenge is feeling the pulse of the market. I take the market read as pattern formation.

Technical Analysis Fallacy

Thanks for your explanation but I have two more questions if you will not mind: 1. In Wave C-D ,in addition to forage on the capital, do you attack with more troupe at this level? 2. If the retracement wave B-C move beyond point A, what will be your ...

Technical Analysis Fallacy

Thanks for your correction and whipping, I didn't label my wave well and my question was not clear. Please below is the question I intend to ask. Wave AB = Level 1 attack Wave CD = Level 2 attack Wave EF = Level 3 attack Assuming my attacking ...

Technical Analysis Fallacy

I want some understanding on attack and forage. Attached is a 5 min. chart on G/U. image AB - Wave 1 attacking sequence CD- Wave 2 attacking sequence EF- Wave 3 attacking sequence How do I forage on each of the attacking sequence of wave 1, 2 and ...

Technical Analysis Fallacy

The quote is on your money management and attacking method: I wanted to understand your own approach.

Technical Analysis Fallacy

Please can you explain this statement: what do these do to our break even and book - on paper look at what happens if every loss is 10 pips and every win is 20/30/40 etc pips (ie this represents more men) play around with nos to see what happens in ...

Technical Analysis Fallacy

Hi SolidSnake, I have been following your trade and have also gone through TAF, please can you answer this question for me: If you are in attacking mode (1, 1, 2, 3, 5) and you played 1, 1, 2 and then close 1 leaving 1, 2 in the battle field in ...

Learning to Dance, The Journey!!

FXpro is good, I have not experience platform freezing during news time but they will charge both commissions and spread especially in their ctrader's platform

True ECN/STP Broker recommendations