I only trade the 4 hr. and/or the Daily Charts. I normally check the next higher time frame to confirm the direction and I ONLY enter trades based on the 5 minute chart when it is also going in the same direction as my trade. I have a saying: "Don't ...

Trading Made Simple(r)

Yes, it would be a Crossover Trade BUT you can't short it because the RSI is still above the 50 Line. Here are the Crossover Trade entry rules (look at # 6) Crossover Trades: 1. The HMA Line is Lime Green and crosses above the Yellow Line for long ...

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I don't have a chart for the NAS100. Can you post yours? You insert an image by: 1. Clicking on: Reply to Thread and then click the area in the white box where you want the image to go (it's the same blank white area where you type messages that you ...

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Noors, I GENUINELY APPRECIATE the kind words! It's for people like you that I hoped to make a difference for when I started this thread and it makes me happy to know that for at least a few people I have done that. This story best illustrates what ...

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You're welcome.

Trading Made Simple(r)

Hi, and welcome. All of these things have been covered in the thread at some point. Part of the reason I stopped posting very much is because I had to answer the same questions over and over and so it became like Groundhog Day. Study Posts: #1, #9, ...

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I gave up on them because the vast majority of them that I looked at conformed to price instead price conforming to the bands, meaning you couldn't trust the bands to act as real support and resistance which is what I believe most of them were ...

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Great Job! Keep it up.

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I would advise sticking with exactly what's in Post # 1. I have tried many variations but so far I have always ended up back with what's in Post # 1.

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You are welcome to post here as much as you want.

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I think it "may" have something to do with Sunday night messing things up for Monday, but that's just my own personal opinion that isn't based on anything other than Sunday being a short day with relatively light trading.

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Yes.

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You're welcome. Good luck!

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I have seen lots of Forex traders that don't trade on Mondays.

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The reason they both said LONG is because I copied and pasted the sentence and forgot to change the word from Long to Short in the second sentence.

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It's always the high or low of 2 bars back UNLESS the last bar is a BIG bar and then I might only use 1 bar back.

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I took that trade.

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Those are just arrows that I inserted on the chart to point out some things. It's under: Insert > Arrows

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I don't know without see the image that you are referring to.

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Typically, I only look at the next time frame above the one I am trading and won't trade against it. I also "fine tune" my entry by looking at the 5 min. chart and will only enter when that also agrees with the direction of the time frame that I am ...

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