All the charts you posted are in a range.

Trading Made Simple(r)

Read Post # 4661

Trading Made Simple(r)

I ALWAYS, ALWAYS, ALWAYS, ALWAYS, ALWAYS, ALWAYS, ALWAYS, ALWAYS, ALWAYS, place a Stop as soon as I enter a trade. I learned this lesson in 1998 when I was day trading the S&P 500 ($500/point) with no stop. Something diverted my attention and I ...

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image I am also using the settings 12, 12, 12 on MT5 on Futures only. I only trade the Forex on MT4.

Trading Made Simple(r)

There are ways to deal with this. If you want to take a trade when it's in congestion, you certainly can, but it becomes a 50-50 proposition (at best). So I will look at 1 or 2 time frames higher and only take a trade in congestion if the signal is ...

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I know that many of you are using the MACD Line in the lower window now. It's a great addition in my opinion, however, it FLOATS, meaning it moves around as you change the chart compression or when you scroll backwards. It effectively does almost ...

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That was a TEXTBOOK Continuation short trade.

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That's a good entry, plus it also looks like it's going up on the Daily chart.

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It's technically a perfect entry. But, it's the fact that it's in the middle of congestion on the 1 hr., 4 hr., and Daily charts that would stop me from entering right now.

Trading Made Simple(r)

How about this one? url

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Hold on a minute, I've got to go find a spoon.

Trading Made Simple(r)

Ahh, I never knew this! All these years other traders have always said to close and restart MT4 so that's the only way I knew to do it. And personally, I always thought it was stupid to have to do it.

Trading Made Simple(r)

This is absolutely true but it does not repaint. It only changes if you enlarge or compress a chart. If you don't do that, the MACD line does not change. If you are going to use it, I would suggest finding your favorite chart compression size and ...

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I use the default settings. But, I do change the green dots to blue, and I increase the width of the Slate Gray Line so I can see both of them better.

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You are welcome! I am really happy to know that it's working for you. Keep it up!

Trading Made Simple(r)

You could always try using a profit target like 10-15-20 pips and when it hits, you exit. Do that every day with enough size and you'll be smiling all the way to the bank.

Trading Made Simple(r)

Yes, that's a good practice to adopt.

Trading Made Simple(r)

I trade commodities and futures and I also think Oil is a sell. In fact, I also trade oil stocks and I bailed on my 2 of my 3 oil stock trades just today. MRO and AXAS. I am still holding CHK but I am taking a bath on it. image

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Great! I am glad to hear that it's working for you. Try to move up your time frame to at least 15 mins and you should do even better. Let me know if I can ever help you with anything. Good Luck!

Trading Made Simple(r)

You are welcome! You can use my methods to day trade if you want to but I'll tell you what a world famous trader (Ed Seykota) who was profiled in the book "Market Wizards" told me. "Day trading is like having a slot machine on your desk that you ...

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