Well, since you suggested, why not post some of your charts or thoughts? Many people here have posted theirs, and I have as well. If you want the discussion to progress, then why don't you initiate with a contribution?

Linuxtroll Simple Scalping

Thanks for the reply candy. Notice the sentence I bolded above though--my question in response to this is, what are you going to do about it? This goes along with what dominican just said as well. If your broker quotes 115.15/17, and your 3rd party ...

Linuxtroll Simple Scalping

Is there a serious disadvantage to Oanda's FXTrade platform? If I'm using Oanda as a broker, I would think the convenience of on-chart orders would overshadow any minor problems otherwise. I mean, if Oanda is my broker, don't I basically want their ...

Linuxtroll Simple Scalping

If the system you're using now helps you quit your daytime job, then why not just stick with that system--it works, right? :-) Beware of the psychology of using trading for this though--many people fall trap to the "work one hour a day in your ...

Linuxtroll Simple Scalping

Just be aware that there is no "tick-to-time equivalent" such as "10 ticks = 1 min" and so forth. That's the whole advantage of tick charts--they represent market activity, and are not time-based. So during busy market hours, 10 ticks may equal 3 ...

Linuxtroll Simple Scalping

Mr T, this is actually a huge issue I've been dealing with, and reading this strengthens my own conviction in the way I believe. I think this was the missing piece of the whole "system" puzzle for me--I liked the concept, but knew that a single one ...

.SI4 for GBP/JPY & EUR/JPY

Seems like a good plan MuddBuddha. As I'm sure you know, there are umpteen methods out there for calculating (in other words, not eyeballing and discretionary human opinion) market conditions and volatility. One is by Kaufman, who calculates what he ...

.SI4 for GBP/JPY & EUR/JPY

I wish! Typical is 1 pip = 7 cents. So I'd have to have a BIIIG winner for a beer. At least a good Bass or Newcastle. :-)

james16 Chart Thread

I'll let other more experienced people answer this, but my opinion is that if price has crossed the spine then a trend reversal, or at least a consolidation, has taken effect. I look at more than the rainbow--also note the peaks. In a downtrend, are ...

Linuxtroll Simple Scalping

Now that's customer service!!

.SI4 for GBP/JPY & EUR/JPY

Just a thought--when we take human discretion out of the picture (good discretion I mean) and rigidly follow a system, aren't all systems subject to fail over the long run? Unless a system can adapt to new conditions and markets, which is ultimately ...

.SI4 for GBP/JPY & EUR/JPY

jj, I like the tick chart. :-)

Linuxtroll Simple Scalping

From what I bolded above, it sounds actually like you should focus on better exits. Moving your stop in the opposite direction is something you should never ever do, and this is an example of a bad exit. Good entries are important, but good exits ...

Linuxtroll Simple Scalping

Gooz, thanks for your feedback from your experience! I remember starting with 5min bars about 6 months ago, and knew nothing of what was going on. Then I began associating with the good folks here and began to use 4-hr and daily bars. I think that ...

james16 Chart Thread

I'll give you an example of how useful a 5min chart was this morning, in affecting my decision to not go short on EURJPY. Note the S/R line I drew, and how price hit it and stopped dead in its tracks (at the circle), even when there was a decent ...

Linuxtroll Simple Scalping

wow man, that's a nice 1st trade. If your stop was pretty tight and you traded the proper number of lots, you made a killing! As for exits, honestly, I would have snagged my pips at 9:19 after the huge decline. When price drops 25 pips in 4 minutes, ...

Linuxtroll Simple Scalping

EURJPY — EURJPY was absolutely, totally exploitable over the last 24 hours. I happened to get in tonight and had 1 loser and 2 winners. (update, add another loser and another winner)

Linuxtroll Simple Scalping

A case for shorter TFs... — Hi all, After considering one component of system development as outlined by Tharp, namely opportunity (the number of trades you get in a given period of time), the last week or so I've been trying new ways of ...

james16 Chart Thread

:-) I'm sure LT would agree that while the tool, the rainbow MMAs, is our common tool, it can certainly be used in different ways. Multiple TFs are a great way to give the overall trend direction, and if it helps someone to use it, then they ...

Linuxtroll Simple Scalping

Thank you so much!

Linuxtroll Simple Scalping