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- TraderBen replied Nov 5, 2013
I'll see if I can dig up something which explains it better than I can and send it to you. It's not that it is complicated or anything, just that it would be better explained (and therefore more useful to you) by one of the people who taught me ...
- TraderBen replied Nov 5, 2013
We were talking about trading with the higher timeframe trend one of Sam Seiden's key odds enhancers. If you watch some more of his webinars and read some of his articles on trading with the larger timeframe trend, he does in fact talk about using a ...
- TraderBen replied Nov 1, 2013
Really good to see you back!!!!!
- TraderBen replied Oct 31, 2013
By the way what a lot of people do is use a 20 period moving average. If the moving average is pointing up then they say the trend is up, or if it is pointing down then the trend is down. I don't because I prefer looking at market structure i.e ...
- TraderBen replied Oct 31, 2013
I am not suprised that you are confused. To me it looks like an uptrend on H1 and H4 but consolidation on the D1. What makes me very wary is that it has recently hit a D1 Supply Level (higher timeframe levels are stronger) and so there is a danger ...
- TraderBen replied Oct 31, 2013
Sam Seiden teaches to only take trades with a minimum of a 1:3 risk/reward ratio. BTW I have just realised that I made a mistake my post 513 above - I usually quote it as 3:1 reward to risk. It should read either 1:3 risk/reward ratio or 3:1 reward ...
- TraderBen replied Oct 31, 2013
Good points - I agree!! I also don't like the level in my post 512 for the same reasons (whats above it) but I didn't mention them because I was trying just to stick to pure supply and demand.
- TraderBen replied Oct 31, 2013
I would ask myself: 1. Is it a fresh level - yes 2. Was there a strong move from level - not really (especially not on a M15 chart - always study the level on smaller timeframes) 3. Is the risk reward a minimum of 3:1- yes 4. Is it with with the big ...
- TraderBen replied Oct 31, 2013
How long did price spend at the level? Too many candles for me so not high probability enough. More of a support level to me (lines up with 23.6 fib and previous resistance turned support) Edit: BTW On a H1 chart I would have put the top of the ...
- TraderBen replied Oct 31, 2013
Hi. Sam Seiden teaches his XLT students to get in one or two pips early for exactly that reason. He has noticed it too. A lot of supply and demand traders believe that this happens because institutions and other big players know that supply and ...
- TraderBen replied Oct 25, 2013
Hope that you don't mind me butting in with an example. 1. USD Dollar Index - price is falling but approaching a strong Demand Level. USD is likely to reverse at the Demand Level and go up. 2. EUR/USD - price is rising but approaching a strong ...
- TraderBen replied Oct 25, 2013
The top level isn't fresh. If you use a 1 hour chart and scroll back then you will see that it is the fourth time that price has returned to that level. Price did in fact react strongly there later but fresh levels are very much higher probability ...
- TraderBen replied Oct 25, 2013
Odds Enhancer No 1 - How did price leave the level image
- TraderBen replied Jun 21, 2013
Also, price reversed at 38.2 fib - see attached daily chart
- TraderBen replied Jun 21, 2013
Sure that you know them really well mate!!!
- TraderBen replied Jun 21, 2013
Why bother trading? Just sell it to the likes of Goldman Sachs - they will pay you millions for such returns- well maybe not, wonder WHY????? But hey don't let me put you off - what do they know!!!!!
- TraderBen replied Jun 21, 2013
Nice trading!!! Bet you used sensible money management too!! Nothing like sticking with an expert's system!!
- TraderBen replied Aug 9, 2012
You can get a list of ECN brokers and reviews here: url You can also search for brokers by for example MT4 ECN, country and regulation. Hope it helps.
- TraderBen replied Aug 3, 2011
What is the current price? Great trading/timing so far!
- TraderBen replied Mar 21, 2011
Gaps — You are welcome. Some banks and professional charting packages like esignal will show 24/7 data. As regards retail brokers, I heard someone say they can see the trades taking place during the Wellington open on Sunday when most retail ...