Yep, you're right. However, I'm looking at longer term trades. Thing is, it seems most of the 'usual' rules many follow (price action, moving averages, Fib. levels etc.) don't seem to hold true much any more. I'm going to look at shifting down to a ...

Longer Timeframes on GBP Pairs - Pointless?

Me three. 40 pips from my b/e.

Cable Update (GBPUSD)

Wow, it's in free fall! I imagine it's going to hit my B/E by the end of the day. Crazy pair to trade at the moment. I have a feeling there might be a vote of no confidence in our PM soon too which will mean only one thing if it happens: sell, sell, ...

Cable Update (GBPUSD)

I'm still in with the long order I placed last Friday. I'm confident the price is going to continue to 1.3285 (seems to be a good support level). After that there could be a reversal? I hope not as I want to take profit @ 1.3440.

Cable Update (GBPUSD)

Entered long @ 1.31199, initial S/L @ 1.31000, T/P @ 1.34400. I traded this from the weekly chart. 50SMA is above the 100SMA which tells me there's an upward trend. In the last three weeks price has bounced from 50 Pivot level (set from 01/17 - ...

Cable Update (GBPUSD)

Oops, wrong thread!

EURUSD only

Don't do it. Sure, you might win next week. And, the week after. But without proper money management in place you're going to come a cropper sooner or later. Are you in the UK? Can't you apply for emergency benefits whilst hunting for another job? ...

from 1k$ to 20$ per day

I understand what you're saying, but that argument doesn't equate to what DogDays is saying. It would be more a case of people asking something like "how do i drive (to location)?" without even having taken a driving lesson first. The information ...

why are people so lazy?

It really annoys me! There's so many on these forums that ask basic questions that could be answered with a quick Google. If they can't be bothered to do that, and expect everything handed to them on a plate, then just go away and stop clogging up ...

why are people so lazy?

Will do. I'll wait for a setup and then post it. Might take a while though as I'll only be trading this once a week.

Simple Breakout System By Zach V2

Hi Zach, Read both of your threads and have come up with my own plan to try and apply the strategy to daily charts. Just wondered what you think of it? My Plan Look at previous Monday>Friday for trending currency. From previous week, draw Fib levels ...

Simple Breakout System By Zach V2

Hi again, Just looking at the EURCAD daily chart and think I've spotted a signal for a hidden bullish divergence in the stochastic? All the other indicators are in the buy territory too. Not sure if it makes much difference, but price is also above ...

Simple Low Risk Price Action Trading w/ TE Results

Took an entry on the 2hr chart this morning (at the 8am point). I think it's okay as all the indicators were in the 'right' places. I've gone for a 1:1.5 risk/reward. Let's see what happens. ETA: Later noticed it was at the bottom Bollinger band on ...

Simple Low Risk Price Action Trading w/ TE Results

That's interesting. Were you looking for all 4 signals? If so, then I am missing something!

Simple Low Risk Price Action Trading w/ TE Results

Just a quick update on the 4hr charts... For me, I haven't seen many 4/4 entries this week (so far). I've been looking at around 18 different pairs (all with spreads of less than 5 pips) and not come across anything promising. Then again, I could ...

Simple Low Risk Price Action Trading w/ TE Results

I'm going to try this strategy on 4hr charts and see how it goes. I'm too busy for the 15M charts, so can just use wider TP's and SL's on the 4hr. Nothing to lose from trying it out.

Simple Low Risk Price Action Trading w/ TE Results

Thanks very much for your reply. I'll make sure I've got it all up to date tomorrow. Thanks once again for taking the time to share (and reply!).

Simple Low Risk Price Action Trading w/ TE Results

Hi Embry1, Thank you for sharing your system. I've been reading all morning and now got to this page. Further to what is written above, would it be possible for you to explain the indicators you are using now please? I've installed the ones from the ...

Simple Low Risk Price Action Trading w/ TE Results