Recent content by Daniel Lummis

Hey all. I want to try purchasing a trading course, trading strategy, mentorship, that kind of thing. I know how much garbage is out there. I assume that most of them that sell their strategies is because they cant make enough money from the strategies themselves. Those who can't, teach...

Thanks guys. Where can I buy the raw data? In the right format.

Hi all, I need some help finding a back testing software similar in functionality to to Forex Tester 2 but with all the stocks and commodities etc. Thanks

Fantastic.

To follow up on my previous post about the weekly chart, I am still very bearish on the FTSE. We saw a drop as expected and the bounce failed to break through resistance. I would be looking for a very short term bounce of the price perhaps to around 6500 and use this as an entry point for a...

So we did not get a bounce back from 6400. Price has plummeted right through and now sits around 6280. This adds emphasis on why I am long term very bearish. The price on the weekly chart now has penetrated support lines and looks to be starting a new downward trend. The 50 day SMA has been...

Ha I just realised, thanks. Whats your opinion on the strategy? could it work?

Also, what about the Renko wicks? Wont they make you enter a trade before the breakout has been formed and whip you into a loss?

Interesting. I am just getting into trading with Renko now, I like how it eliminates noise. Anything else to share with a Renko beginner?

Short Term Bullish Although I am long term bearish I believe there will be a bounce from around 6400 - 6450. Price has reached significant support levels and we could see a bounce of what I think will be between 200 - 300 points. History does tend to repeat itself.

All based on Technical Analysis and Behavioural Finance. From personal study I don't believe there are any fundamentals (public available information) that have not already been factored into the price. Most Technical Analyst believe this but I'm sure many others will disagree. Let me know what...

Long term bearish First Idea Why I am long term very bearish and expecting a LARGE pull back in the not too distant future. The weekly chart is currently hovering around a previous resistance point and failing to break through. The MACD is also showing divergence which means although we are...

This thread is for anyone who wants to or is currently trading the FTSE100 Index. I have traded the FTSE100 price movement for many years. I am starting this thread as a way to share my ideas, receive feedback and hopefully get some new ideas from anybody viewing the blog.

Id tell myself to stay away from the one to ten minute time frame patterns. Only use them to gain a better entry.. Not much below the hourly really gives reliable signals