Recent content by jefftheripper

Did you post a chart? I just noticed the girl :cheesy:

It's a good point everyone is making about detaching yourself from the money. That way it doesn't influence your thought process about the trade. Where I disagree is where it is said successfull trading is following your plan and not about profit. This is a business and a business must make a...

Hi dcraig1. surely you don't think humans can actually change the weather by burning less coal, turning off light switches etc. It is our responsibility to take care of our planet, reduce polution etc. But it is absolutely rediculous to think us human can control the weather of our planet...

thanks for sharing Forker.

re: Support & Resistance Explained If the round number is where orders are piling up then it'll show up as an s/r level when looking back on the charts. You will see price has reacted there before. Otherwise it might be 25 pips higher where the price reacts over and over and that is where...

Good questions Sopodo. Technical anaylysis is primarily reading the charts and assuming the price action you see is taking into consideration the fundamentals. I am in a trading room with Trander_Dante (pro trader). We take into account fundamentals but don't trade off of them. Mainly, we...

good point. you may want to send a p.m. to trader-dante as he is a pro trader and has worked at a prop firm with many other pros. I'm in a trading room with him and several others. Their daily charts differ from mine because I'm in the U.S. and most of them are in Europe. Since we're day...

great question jonboy. I think changing different indicies, futures etc. to match the market their own market hours would make things faily complicated. But that said it would be up to the trader. It may make things more simple for you. I used to trade futures and it seemed almost everything...

You are correct, price action can happen anywhere. Looking for price action to react off of a support/resistance line is just a technique. What many traders are referring to by "price action" is some sort of formation on the chart. like an inside bar, pin bar, doji, engulfing candle etc. As...

Here is a chart showing an example of price action. There was a s/r level at 1.2389, when price hit that level it retreated and formed a pin bar on the hourlly time frame. Also, notice the tall upper shadow on the candle before it. This is considered price action in relation to that level...

hi jonboy, I took a look at your charts. With the first chart it almost looks like an anomaly. The up trendline on the daily chart shouldn't even be showing on your hourly timeframe since price is far enough below it. Are you sure the hourly timeframe doesn't have a 3rd trendline that is...

Hey elchoco, thanks for the reverse engineering of magelan's method. Let us know how it works. I may demo test it myself. It seems most of my trades start off winners, but by trying to be patient and let the trade work, I get stopped out. My natural instinct is to snatch profits and the heck...

I've been in contact with them too...just today. Started researching them but haven't drawn any conclusions yet. They said something about me funding $3000, not sure what that's for if we are to be using their funding. They called today but I missed it, so I have some questions too. From...

DHB and TD, Thanks a million. I'm going to print those post out and add them to my notes file. DHB, great explanation on the TF's. And TD I see what you mean on the blind touch, and yes that would be too risky there. I sent you a pm with my email. I definitely need a mentoring session...

I got it from page 7 of your pdf. You were talking about large moves and traders booking profits. "I much prefer to fade high range candles at carefully selected areas on the chart." The difference being as you've pointed out, this wasn't a carefully selected area on the chart.