For those of you trading through O A N D A, if you switch your account from "Spread Only" to "Core Pricing + Commission" you will save money. Look how low the spread is on the USDJPY with "Core Pricing + Commission". image

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As you can see, neither of those things mattered. Just follow the what the indicators are telling you.

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I am long the UJ from 108.67 and I moved my stop to slightly above break-even at 108.675 because I am going to be gone for the next 8-10 hours and can't monitor the trade.

Trading Made Simple(r)

You are EXACTLY right. Traders MUST learn to only "Fly By the Instruments" just as a professional pilot does, or in our case, the 7 trading indicators. Traders MUST accept the fact that Support and Resistance FAILS just as often as it works. Using ...

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Good job!

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1. You can use it to trade on any time frame YOU want, but the best results will come from using it on the higher time frames, 4 hrs. and above. 2. I don't use them so I can't help you with this. 3. I don't use them so I can't help you with this.

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You're welcome. Good job!

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Yes.

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I'm very hesitant to say exactly because most newer traders do not yet understand that the win rate is relatively UNIMPORTANT. I would likely be criticized if I put any number less than 100% and they would also likely think that only 40% is terrible ...

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I don't trade using my phone so I can't help you, but I know some others here do and can help you hopefully.

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Those are EXCELLENT results. Great job!

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You wait until the 5 min chart is going in the direction of the 4 hr. trade signal. You get the direction by using our same 7 indicators on the 5 min chart.

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You're welcome.

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You can use any lower time frame you want. I chose the 5 min because I used to day trade the 5 min. charts (and so I'm very comfortable with it) and the 1 min has way too much noise for me. You could use the Monthly and the 4 hr. if you wanted to. ...

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For those who don't understand WHY I drop down to the 5 min chart to "fine tune" my entry, it's because you ASSURE yourself that the lower time frame is going IN THE SAME DIRECTION AS THE HIGHER TIME FRAME that you got the signal on...at the time ...

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It's simple. After you get a signal on the 4 hr. chart, you drop down to the 5 min. chart and only enter when the 5 min is going in the same direction (based on using the 7 indicators in the same way we do on the 4 hr. chart). You don't wait for a ...

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It's a visual thing, it's personal preference, I guess you either see their value or you don't. image image

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1. They more clearly show me a trend, or chop. 2. They make it easier for me to stay with a trade. 3. But most importantly, they tell me where to place my initial stop, and where to trail it.

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Welcome, I don't trade price action anymore because it's just too subjective for me (and because I never made any money trading that way), so I can't help you with that. At this point, the best advice I can give you right now is to read and re-read ...

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I actually took the trade 2 days ago on Monday based on the Daily chart. I bailed because the HMA Line turned green and the candles turned Blue/Blue on the 4 Hr. chart. Then, I remembered that I had entered that trade based on a Daily chart so I ...

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