You're welcome! Best of luck to you.

Trading Made Simple(r)

I'm in that trade and I suspect that it may go down about another 100 pips before it reverses up. I've already banked about 80 pips trading it this week.

Trading Made Simple(r)

You're welcome. It always pleases me every time I hear that my methods have helped someone. Best of luck to you!

Trading Made Simple(r)

You're welcome. Good luck!

Trading Made Simple(r)

All I use is the 7 indicators I provided to make my trading decisions. Before I enter a trade, I usually look at next higher time frame to see confirmation of the direction. I am however testing out a new layout for the lower indicators (using an ...

Trading Made Simple(r)

It's the number of pips that I am ahead on the trade.

Trading Made Simple(r)

You're right, it's not. But as I said: I SOMETIMES use it for exits.

Trading Made Simple(r)

Actually, I've never discussed why I use that EXACT version of Stochastic indicator. So I'll show an example now of how I SOMETIMES use it: image

Trading Made Simple(r)

AGREED.

Trading Made Simple(r)

These methods will work on any tradable that moves (as long as you are doing it on a higher time frame.)

Trading Made Simple(r)

I just shorted the GBPAUD, 4 hr. chart. 34 pip stop.

Trading Made Simple(r)

It make me feel better when I think of them as shoplifters...LOL.

Trading Made Simple(r)

You're welcome. Best of luck.

Trading Made Simple(r)

Here's a video that might help people understand the concept of 1:2 (1 Risk and 2 Reward) a bit better. "Trade Like a Casino for Consistent Profits" by Adam Khoo video

Trading Made Simple(r)

You're welcome. Best of luck to you.

Trading Made Simple(r)

I don't know. I only watch my indicators and that's not one of them.

Trading Made Simple(r)

It is, but based on my experience, I don't think that there is a whole lot more left to this down move (on the 4 hr. chart). But, I could be wrong.

Trading Made Simple(r)

You're welcome. Welcome to the thread.

Trading Made Simple(r)

That's really great that you made 4.4% on your account. What's not so great is averaging winning 1.5 pips per trade. If you switch to 4 hr. charts, you will do much better than that.

Trading Made Simple(r)

Yes

Trading Made Simple(r)