Nice Trade. One thing I've noticed - our mind will see whatever it wants to see. I've put lines on every ten pips and price respects those levels. I've divided the quarters into thirds and had lines drawn pretty much every 8 pips and price respects ...

Make Money Everyday - A Guide to Short-Term Trading

Thanks for the comments. Reason that wasn't traded?? Sometimes I miss things. Nice catch. Mongolian

Make Money Everyday - A Guide to Short-Term Trading

I personally would not classify anything as typical. I don't want to get in the trap of expecting the market and price to have a certain amount of action to it. The more you trade it - you will get a good idea for what kind of day/week you will get. ...

Make Money Everyday - A Guide to Short-Term Trading

Post all the charts you want my friend.

Make Money Everyday - A Guide to Short-Term Trading

Nice looking chart - Thanks for dropping by and contributing. The answer to your question is it is up to you. I personally do like to have price run through and come back, but that doesn't have to be the way for you. Sometimes it just doesn't work ...

Make Money Everyday - A Guide to Short-Term Trading

Last chart I put up took the high overview approach - Giving an example of how price looks @ a higher time frame. This chart is from today's fun on the Eur/Jpy. I've highlighted the areas around the quarter levels. 129, 129.25, etc. This is how I ...

Make Money Everyday - A Guide to Short-Term Trading

It's a nhen sighting!!! Sweet! Thanks for the charts my friend.

Make Money Everyday - A Guide to Short-Term Trading

Ok - I've been getting lots of PM's about how I trade - If I still trade this way, is it profitable, etc. Let me start and give a quick Top-down approach to how I see the markets. This first chart is a 4 hour chart on the EUR/USD pair. I have put ...

Make Money Everyday - A Guide to Short-Term Trading

Good call - nice chart! Keep them coming.

Make Money Everyday - A Guide to Short-Term Trading

That is one good looking chart isn't it! PA is a thing of beauty.

Make Money Everyday - A Guide to Short-Term Trading

Good looking chart. 3 for 2 isn't terrible. It will get better the more you trade it. Even @ 3 for 2 - if the three losses were small enough - a trader could end up with a positive day. Keep the charts coming - would love to see how your trading ...

Make Money Everyday - A Guide to Short-Term Trading

url There's the link to the book. Read it!

Make Money Everyday - A Guide to Short-Term Trading

Re-reading Jesse Livermore's book - How to Trade in Stocks. First Chapter - The Challenge of Speculation. This stuff is so good - I had to put up it up here. He's talking about taking a position - his example starts on previous page - Stock goes ...

Make Money Everyday - A Guide to Short-Term Trading

Depends on the day. Some days it's a lot - some days not so much. I've done pretty much all of those except the mosquitoes!!

Make Money Everyday - A Guide to Short-Term Trading

Haven't put up a chart in a while. This is today's PA on the EUR/YEN. Anyone making any money today?? Mongolian

Make Money Everyday - A Guide to Short-Term Trading

Thanks for the comments. Always glad to see someone benefiting from this thread! Mongolian

Make Money Everyday - A Guide to Short-Term Trading

Indeed. Figures.

Make Money Everyday - A Guide to Short-Term Trading

I have tried that but have not been able to get it to work.

Make Money Everyday - A Guide to Short-Term Trading

Nice. Thanks for the quickie lesson!

Make Money Everyday - A Guide to Short-Term Trading

1. number of trades increases, if using an ecn broker with commissions cost escalates. [/QUOTE] I'm not apposed to more trades... If I'm making $$! But if it's just treading water, It makes no sense. There are plenty of setups day in day out that I ...

Make Money Everyday - A Guide to Short-Term Trading