Part of the reason i don't understand this post is i don't know what PPZ means... any help?

james16 Chart Thread

Ok bear with me folks, just trying putting this together. Here is a dbhlc on the FXDD daily. I put in a sell stop below the db. Not sure if i am too early to detect if this is the swing high or not. Small stop and tp as it is against the trend and i ...

james16 Chart Thread

Thx for you input. However the indicator that was posted you actually have the option of just displaying just the pivot line or any number of the s/r lines so that is not the problem. What i am getting at is i want the daily pivot points to appear ...

Pivot Point indicators?

Thx for the reply Ian. Could you please clarify some of you points? I understand that you need to look for pa in the correct setting before you take a trade. However you say the pinbar was not at the swing high (.07027), i thought it was. What is ...

james16 Chart Thread

first trade posted — Hey guys. I have been sifting through systems and i am back to basing my trades on pa. Mark Douglas mentioned being in the flow is kinda like swimming in a school of fish, when they move they move in unison. To me pa is ...

james16 Chart Thread

Thanks for posting and sorry for the late reply. I don't know how to interpret pivot information when they are not in line format but rather this graph format. Would anyone have an indicator that you can see horizontal lines representing pivot ...

Pivot Point indicators?

I am not an experienced trader however i also work full time and am trying to demo trade forex. I faced the same situation as you and i just changed time frames. I would suggest day or 4hour charts for you. Also it is a little less risky being new ...

how much time?

Heh, thx!

Fear

Appreciate it. I also realize that this system i employ used to be to only trade in the direction of the long term trend thus putting me into the flow. There i was trading against the flow, obvious a lack of patience (or just thinking that i knew ...

Fear

Hey Peter I have dabbled in stocks during the tech boom but i had no idea what i was doing. I basically read a book and off i went to make my fortune. It was an excellent learning experience. I have been interested in forex off and on for a year or ...

Fear

By the way thx for the feedback guys. The fact that i fear to go long on a currency that has been trending down for some time now (and my trade was on a daily chart) could be that my conscience was trying to warn me. However I am trying to force ...

Fear

I have thought alot about it and it comes down to this. I don't want to admit that it is possible that i am not cut out to be a forex trader as i feel that i "need" another source of income. That was my initial motivation to trade forex, is that i ...

Fear

Thx Peter. My MM is fine and i don't lose sleep. Fear of losing money is not the issue. Currently i am trading 10 cent pips.

Fear

You just gotta love the "unlimited freedom" of forex. Thx for your opinons.

Live Traders -What time frame is your charting on?

Melpheos I was going micro either way however now i am thinking starting with 1k at Onada with 10c pips as it should work out fine with my system. There will be times that i will have more than one trade open so if i am not to exceed my 1% rule i am ...

When starting out live, smaller or larger better?

Thx for the input guys. Since i am leaning towards Onada due to variable lot size a small amount does sound like a workable idea. The idea of rewarding consistency with additional money sounds better than blowing up a larger account due to lack of ...

When starting out live, smaller or larger better?