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Lou replied May 16, 20091. If I had $ 500,000 on my plate for trading purposes, that means I would have at least 25 times that much as my income. If that were so, I quite possibly would not be trading at all. Rather I would be managing the charitable foundation I had set ...
james16 Chart Thread
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Lou replied Apr 28, 2009I believe he was joking. Anyway.... I wonder what the number of deaths due to swine flu throughout the world is, compared to deaths from auto accidents over the same period.
james16 Chart Thread
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Lou replied Apr 24, 2009Just a curious statement that is really a question. A video is worth a thousand words.
Silent Service Method
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Lou replied Apr 21, 2009jarroo, are you saying ... take profit on the first run as you see it lose momentum, say on the 15 or even 5 min chart with some of your position and then give the rest of your position more room to breathe.. with a wider SL , even as far back as ...
james16 Chart Thread
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Lou replied Apr 21, 2009What about the 'tweezer top' pattern on E/G daily. But at 8800 we had a 100 pip upmove just a couple of days ago. Now back to 8800 with some strong support there. Sorry cant seem to get a chart to show up.
james16 Chart Thread
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Lou replied Apr 20, 2009I took this trade too. But when I brought my SL to BE..cushion of 40 to 50 pips. price retraced through it. So I was stopped out. Then a few hrs later price dropped like a rock. I was asleep.

Thexder's journey to(ward?) freedom
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Lou replied Apr 20, 2009Hi Thexder, I am not familiar with this pattern. Is it the two bars circled or the 2 red bars after the green bar?
Thexder's journey to(ward?) freedom
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Lou replied Apr 19, 2009If you want to compare apples with apples, then I suggest charting on a mt4 platform and trading on O . This is because of the printing of the daily candle on O is in the mid Asian session. Whereas the charts we see on this and other S/R threads ...
james16 Chart Thread
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Lou replied Apr 17, 2009Yes. I like the ability to customize the size of my trade. Very low spreads on several pairs. They have treated me fairly when their platform had a glitch and caused me a loss when I should have had a gain. My account makes interest even when I am ...
james16 Chart Thread
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Lou replied Apr 14, 2009Nice job on locating the double bar. Unfortunately my feed had no such placement.
james16 Chart Thread
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Lou replied Apr 13, 2009"It's also worth noting that the small friday bar is from very low levels of trading on friday because of the public holiday. " Tia That makes sense. But does it make a difference?
1.4850 to 1.5000.... that is 150 pips.james16 Chart Thread
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Lou replied Apr 13, 2009Isn't today's buob on G/U an invitation to look at a long entry on the pullback during this current Asian session? Alpari with 5 EDT close.
james16 Chart Thread
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Lou replied Apr 10, 2009Can anyone speak to the usefulness (success) of using fibs drawn on the prior week as S/R levels? Once a new weekly bar has started, draw a fib from top to bottom of the just completed weekly bar. Use those levels for reference on the new week. What ...
james16 Chart Thread
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Lou replied Apr 7, 2009Thanks ghous, Jellybean, g j hook@yah, billye and Jduester for your wisdom with regard to my situation.
james16 Chart Thread
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Lou replied Apr 6, 2009managing the trade when you can't be there — Except for about 6 weeks out of the year I can only manipulate my trades during the late Sydney to mid Asian sessions and then again, just prior to the US session. So that means most price action ...
james16 Chart Thread
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Lou replied Apr 6, 2009Just got home, and read this great post. There is no place like our USA home.
james16 Chart Thread
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Lou replied Apr 5, 2009Here are my conflicted thoughts on this one. At least 4 tests of the ppz : Quoting from someone on the FFF " Never fade a 4th test" [ so anticipate a move up ] Strong ppz S/R ... price has retreated from this area [so anticipate a move down] BBands ...
No Brainer Trades
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Lou replied Apr 3, 2009Alexpio simply said ... he trades differently than the ideas put forth on this thread. He simply said... even if the methods on this thread are sound, he is uncomfortable with them and prefers his own method. Ok.
Silent Service Method