Recent content by Nikitafx

Another good example of a reversal pattern and entry. AU D TF. Note the candle on the previous day. No confirmation candle formed yet. But I took it because the two other USD pairs that I trade gave me a correlation confirmation. Even looked at NZD USD and it was showing a buy. AU H1...

Another example of Pure price action trading. EU D TF. Please note the candle that is being pointed by the arrow. Its a classic reversal candle. Keep in mind, there is no confirmation candle to validate the candle being pointed. But if we had checked other USD pairs for correlations, we...

The Following are the D TF Charts of three USD pairs. GU EU AU They are not complete candles as the trading day has not ended. I look at these in the morning +- 9 am GMT + 8 so that I can see what is going to happen today. I did not take screen shots of yesterdays candle first thing...

Need To Know 1. Wave Patterns in a real chart. - No need to be an Elliot Wave expert. Just watch and learn on how prices move in a real chart. Especially Higher Highs HH and Lower Lows LL. ( helps with TP and SL ) 2. Candle Stick Patterns - First 6 basic patterns will do. 3. Support and...

Below are the example of a screen shot that I use to trade. Again I dont use Indicators for this trading method. D TF H1 TF I believe in keeping it simple. Especially when you are starting off and you should be paying attention to the candlestick charts and money management more than...

Pure Price Action Trading For Dummies. :D No Indicators. No Guestimations. No Checklist as long as a pilots to enter a trade. Ideal for newbies if they have not yet cluttered their trading method with too many things. Now enough of the sales pitch!!!! :D All you have to do is click...

The post above is so so true. The first thing that crossed my mind was Buy or Sell GJ and EJ as I was watching the news flash. Felt like a vulture for a second.

Quoting the owner of the thread, If you have traded for two years plus without prior experience trading using charts and your real account has pretty much survived without being killed or suffering from serious losses then I guess you must be doing something right. Maybe all you need is to...

Kwickwool, Nice meeting you. Like yourself, I will be watching this thread closely. Might get an opportunity to learn something new. Cheers.

Asian Market sort of went flat after the earlier Yen intervention ( not the G7, earthquake one but earlier ). Before that it usually was a continuation of market bias after a small correction with the end of the American session. Both EU and GU have been quite flat if compared to AU and NZU...

The post above is pretty spot on. Different people tend to find different systems and different combination of indicators etc to work differently for them. I think it comes down to our inherent nature, our appetite for risk and a few other factors. With that being said, if a trader finds...

p/s Yes, as one of the senior members pointed out earlier in this thread, I did have all my rules in regards to entry triggers and things to watch out for printed, laminated and prominently stuck on the wall behind my laptop so that I wont miss a cue when Im about to take a trade. It didnt help...

We have had 26 replies at this thread and I guess 25 was advising against your idea, and one said "good luck". Assuming the good luck is a thumbs up, the odds are really stacked against your idea before you have even deposited your cash into your trading account. That should tell you...

I dont know if there is such a thing in MT4....thats one of the reasons i put orders on TS......I use to enter multiple entries on MT4......its my way of closing half or 1/3 of the position when my TP hits and I want to let some ride.

I agree 100% with the advice above