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The Asian box breakout is simply buying a breakout of the asian trading range (forex). When london opens you buy/sell on the breakout. Sounds simple, I never tried it.
Can you help answer these questions from other members on NexusFi?
TRO, thanks for sharing so many of your set ups. It is such a different way of looking at the markets than I am used to. I'll have to do some serious studying of the charts that you posted tonight so that I can formulate some sort of half way intelligent response.
So TRO is it important to section the chart in 10 point increments? Regardless of the instrument that you trade, i.e. CL/ YM/ EC etc. I know you trade forex but you get what I mean.
Thanks for your insight, and I for one would like to welcome you to what I feel is the greatest forum for traders helping other traders. Thanks Big Mike for hosting it.
Ok guys keep it simple. Look at the mirror/monitor and no hope no fear. Jump in and out. Set a targetfibs, mml or price action hh ll lh hl (this are true friends), do this also for stop. See also in higher frames and use this as confirmation. So you have the control ...
my personal target is a 1/3 rocket mean 20 pips max. loss and 60 pips goal. i do not trade then more as 10 trades per week. this was the hardest for me. at the beginning i had high performance and higher loser ... overtrading is simple ... keep it simple ...
I am also a angry guy, so i look at the damned indicators, but only stoch or dinapoli stoch looking for oversold and overbought ... the same signal in two frames like 5 min / 30 volume and 30 min / 300 volume (calculate on eurusd) ... make a good signal for me ...
i like the 240 minute frame or the 2700 volume, they shows me i can do something for the develpoment of my style, system or show a movie or i babysitting my trades (when action is ...
i looked at a view frames like range, renko or tick ... you can win on all, but the basics i had learn on time ... so i like this ... my partner only trade on range like 16/21 and as conformation the 55 ... he trade a other style, but looks he looks only mins and maxs zoom in and out ... i believe he do the same ... but i look left and right and he only straight ...
thanx to george ... the sedona method helps ... one importent step is you do not need the money ( i need money too but for my rent, kid and wife mean 100 $ / day for this) ... forget the commercials and you will win ...
do not look at to much indicator, i believe now they are not your friends. follow the price and the averages ... i mean it simple like guppy stock trading ... why, the most indicators have the same background (average, osc.) one smooth better ...
for example i buy/sell at point 2 (see frame) then i do trend trading or in tro's word down/up for a longer time with a target ...
or i buy/sell at the middle of the outside bar in the direction of the color (blue == long and red == short) and take the pips on the point 2/ 3 / DB / DT ... and i look at my stochs ... whether it makes sense
wh
and tro i like your style not your platform (this sucks) but your are old and i am a young guy. was not upset i learn also from you.
Can you explain how you do this? Sorry but I'm really new to trading without squigglies.
So you draw horizontal lines above & below the high & low of the 1 hour candle. Now let's say price goes above. Do you program a buy stop ahead of time? Say 3 ticks above the high to prevent a fake out?
once you're in you have 10 tick stop you said. From what I see in the markets price rarely moves straight up. It moves up 10 back 6 up 10 back 6 etc. So let's say you get stopped out. Do you program another buy stop above the high?
I'm convinced this works on major swing pivots but on a 1 hour range I'm having a hard time seeing it.