Recent content by cha-ching

Using a stop order can make things complicated. It may never trigger (i.e., you placed the order a little too late). One thing I tried in this case is, if price on the chart has already broken 1 pip from the barrier but stop order is not triggered, I place a market order instead and cancel the...

I use Tickstory Lite to download tick data from Dukascopy, then export daily bid candle prices (using New York 5pm price as close price) to spreadsheets. Then I have my own spreadsheet to calculate the daily price range and median range by month. If you just want to take a brief look at recent...

Anybody trading USDCAD? The pair has been much more volatile than before, with average (median) daily range of more than 100 pips every month this year, except for July (98 pips), higher than both USDJPY and AUDUSD. If you can get a good spread it may be worthwhile trading. I remember somebody...

Sorry if I made you feel that way. I think PipMonster24 has explained it very well. There's always discretionary element since it's discretionary trading. So, when the pressure is in favor of the trade, no adverse magnet, no resistance to the left to block your target, you look at the setup...

Then why do you think he's shooting from the hip if you understands his words? He's not.

This is quoting out of context, ignoring all he said about pressure and favorable location. Yes, it is shooting from the hip if you ignore the pressure and unfavorable conditions.

Agree with PipMonster24 trading is boring. Volman style scalpers are like snipers. We wait patiently for the best opportunity and have to minimize the risk of backfire. I found this link helpful where you can compare a sniper's quality with that of a BV scalper...

Anybody else trading today? Since ECB changed schedule this year, Bob's charts have shown only one trade in US mornings (14-18) on minimum bid rate days. One skip and one trade today. Should have skipped the trade. Matt Chao, have you ever had problems with fxTrade? This is the first time for...

One trade today. Took it 1 min before UK close, was concerned about volume but the buildup was very good. Plus a couple of skips.

One losing trade today. Need to improve my reading of the market pressure. Probably anything that looks like a flag should give me a second thought.

I missed your last setup as an IRB but did trade the RB minutes later. Did plan to exit at 50 (there was some stalling right after the news) but the moved was so fast that it filled my target in a few seconds at that bar (the one that crossed 50).

I skipped too. I want to see a horizontal line break after the angular line was broken (there are many such examples in Bob's charts). Here the only good one is 44 but it's too close to 50, and 49 was high of the day at that time. Like your pep talk.

JRS, In your 8:36 trade, the original tipping point would not have been taken out right?

Failed breakout -> barrier bounce? Fellow Volmanites, Here's one setup I missed today. Was monitoring upper barrier of the big range (UJ 200 tick) after the false break right before 9am. There were two teases, and if they had broken out further, preferably taking out the red horizontal line...

Hi JRS, great analysis. Any typos? I had the impression you have been doing quite well. Is it 152 instead of 52? What's your broker? Also I'm surprised that trailing tipping point only gives you 3 pips (excluding today).