Trader V I think you have a solid point on the breakout. I am going to look at this matter more closely but I believe you have brougth an excellent point. It's better to have more than one pair of eyes looking at the same thing. Peace

The System (Irony included)

yes entry would be at the next candle if it breaks the higher high/lower low depending on where the tredn is. In order for you to have a vaild pattern you must wait at the close of the candle.

The System (Irony included)

Here you go

The System (Irony included)

Trader V I think you have understood the concept quite well. But there's a couple of things you need to be on the lookout 1) Risk. Remember, we're looking at charts based on hindsight. It's easy to say "well I buy here and sell there" but ...

The System (Irony included)

A beautiful market probably my favorite the cube's qqqq -stock index notice the same pattern - 8/16/2007

The System (Irony included)

Trading ranges are irrelevant in my humble opinion. I go down in time frame looking for a discount in price when a range occurs. Like now the EUR-USD broke 1.45 and it's 1.46 something. If it ranges and goes down to 1.45 or less I'll be a buyer. If ...

The System (Irony included)

I suggest all of you to study these charts very carefully. That,s how I do. Get your hands on the dirt and break your head.....I assure you it's worth it. Don't be an ignorant just looking at one piece of the puzzle......check the whole enchilada. ...

The System (Irony included)

One step ahead...the fabulous DOW JONES (Music please) Also notice 8/16/2007.... Isn't that funny????

The System (Irony included)

Now, let's go a little further and check the S&P500 and make a little correlation here...notice The arrow on August 16 2--7.....now go back check cable and euro and look on that same date.

The System (Irony included)

Here's one (daily) for cable. - now compare it with EUR-USD and ask yourself what's going on???

The System (Irony included)

Naked chart on EUR-USD Could anybody tell me what's going on???? How difficult is to know what's going on there?? Make a list of what's happening....notice the corrections, size of the candles etc.

The System (Irony included)

Thanks for posting Rick Actually I keep my heads up for spinning tops/hammers. I don't trade off them, just I used them as a warning. If I see a hammer on a daily chart I still go lower to check the quality of that pattern. Looks can be deceiving ...

The System (Irony included)

Great explanation!! exactly what I am talking about

The System (Irony included)

Ok now is when I keep my ear on the ground Tomorrow and Friday, there's a bunch of reports piled up all together. We had a "down day" today in all markets I should say. Kinda tempting to "buy a discount" but will advise caution. Let the smoke ...

The System (Irony included)

In forex the lower I go is 4 hours. That' me as I don't like to be sit in front of a computer all day, unless I have a valid reason (like when the dow reach a significant number) but that's another story and another market, which I play rough. I ...

The System (Irony included)

Once the market has broken the "box" wait for a pullback at a lower time frame. Don't go blind chasing the market, that's what everyone does and believe me there's a lot of sharks outhere waiting on "breakout traders" to hunt them down. Play smart. ...

The System (Irony included)

Sydney I trade a variety of markets. Forex is just one of them. If you're trying to see how I do, we should be back to probably 1989 when I started on nasdaq. Actually I barely traded Forex on 2006 as I think it was not a good year especially for ...

The System (Irony included)

GPB/JPY is definitely a rough ride. I have plenty of heat from crude oil and e-minis already AUD/CAD....how does this pair works for you clockwork??? " that you never want to be the first or last in. exactly how I think

The System (Irony included)

mrjtdude I know what you feel. Jesse livermore has been my inspiration due to the simplicity of his methods. I don't follow then to the core, but the "pivotal points" as been a fundamental part of my trading I will love to see how it changed you ...

The System (Irony included)

Listen guys Don't marry yourself to anything nor any market. Be diverse. I know this is a forex forum and everything but will be nice for you to learn about equities, bonds etc. Think outside the box. You have no idea how the forex market will be by ...

The System (Irony included)