Risk/reward is pretty darn important, too.. Looks to be an up day tomorrow (at least for me; long term). I've been long since 1.9643, and expect it to continue based on pivots and RSI. Good luck

Daily Cable Analysis

Just a lucky 19 year old — I started about a year ago, trading a demo, made 30% in 3 months (I had NO IDEA what I was doing, just extremely lucky). I opened a real account in July 2006, and finished out 2006 up 77%. I have finally found a ...

Success In Forex Have You Achieved It.

Yen, Wow! You're too kind, really ! People are gonna think I'm paying ya to say these things.. Thanks for the very nice compliments. I am a true believer in karma, and it really is my pleasure to help you and anyone else that may need ...

RSI Daily Pivot Point System v2.0

yen, Thanks for taking the time to answer my question. I've had this preconceived notion that leverage is bad ever since I started forex trading(only a year ago!). With that being said, on 20:1 leverage I have managed to grow my account ...

RSI Daily Pivot Point System v2.0

It is nice to only HAVE to look once a day. I still get the urge to keep an eye on things.. I'm only a 19 year old college kid working part time, but I think this is what I want to do for a living, so I'm kind of putting all my eggs in one basket ...

RSI Daily Pivot Point System v2.0

Hey there Tim, Your questions are far from stupid! I'm a little uncertain of where you got 1/15. It may be that we have different brokers. I use Oanda. Let me just explain why I am in GBP/USD now. On January 10th, a low pivot was formed. The low of ...

RSI Daily Pivot Point System v2.0

Alright guys and gals, I have a question for you.. Given the success I'm having with my system, I'm planning on increasing my leverage. My experience with risk is limited to only putting up 5% of my account, and other than that my knowledge is ...

RSI Daily Pivot Point System v2.0

Woke up to a pleasant surprise this morning: Long GBP/USD @ 1.9643 S/L 1.9633 = 115 pips Long AUD/JPY @ 94.87 S/L 95.07 = 112 pips Long USD/JPY @ 120.68 S/L 120.32 = 99 pips Long USD/CHF @ 1.2521 S/L 1.2416 = -17 pips Net Unrealized pips = 309 With ...

RSI Daily Pivot Point System v2.0

First of all, "bringin sexy back" I never thought Justin Timberlake lyrics and Forex terms would be used in one place, but here I am seeing it in action Secondly, Thanks for sharing your system. Kevin

bringin sexy back - stochastics

Hey Phil, I remember glancing at your system earlier and blowing it off like it was nothing without looking into it . Given the popularity it has had lately, I finally sat and looked at it. Thanks for sharing it! I'm looking at some ...

5Min Intraday System

Wow, good trading! I'm glad you've had some success! Keep me posted on your future trades. And it is my pleasure to help you, and anyone else for that matter! Wodwave, Very good suggestion. I have this disorder where I think people can read my ...

RSI Daily Pivot Point System v2.0

This is why I don't trade news

My trade cockup - UK retail sales

Leguimp posted this code for Trade Station in my other thread. As I'm not a coder, I don't know if it includes the RSI scenarios. It doesn't appear to from the looks of the graph. He mentions that it would be easily converted to mq4 for those that ...

RSI Daily Pivot Point System v2.0

Hey there brain, If you want a simple, time efficient system, look into mine. There's a link below. Good luck Kevin

who knows profitable daily system

Yes, backtests indicate that whipsaws would cause a significant increase in losses. This fact combined with the ineviatble lower profit targets, make the system worse. When I have a good solid free week, I have plans to come up with another simple ...

RSI Daily Pivot Point System v2.0

How'd we all do this week? — I have no realized gains but unrealized gains are decent. Feel free to post your trades for comments and criticisms My trades: Long GBP/USD @ 1.9643 S/L 1.9633 = 94 pips Long AUD/JPY @ 94.87 S/L 95.07 = 82 pips ...

RSI Daily Pivot Point System v2.0

Hey Kwackers, Sounds good. What was your money management like with that $10,000. Was it all in per trade, or what? Do you have a PIP value for us?

Another Daily Range Strategy GBP/USD

You know the drill

RSI Daily Pivot Point System v2.0

Answers are in the text

RSI Daily Pivot Point System v2.0

Also, If you want a good example of why I chose this rule, please look at USD/CHF yesterday. I bought at 1.2521 when the green bar was waaay up. As you can see it met some major resistance and ended up going up just a bit. Would you rather buy when ...

RSI Daily Pivot Point System v2.0