Recent content by seven9ine

I will start posting my trades clearly. I understand the shark comment and I wholeheartedly agree. Thanks for the positive criticism.

No worries. Obviously you are new to forex trading so I would suggest visiting babypips.com and going through the "school" there. On my blog I write of things that may be above some beginners, so for that I apologize. S/R is a point where bulls ( that is, people who believe the price is worth...

I looked at the chart you are referring to and the green line there was my take profit line. I didn't have an actual horizontal line drawn there, just a circle pointing out the resistance area. So that is my mistake. I should have drawn a line. But other than that I am unsure how my other S/R...

Yes I meant resistance, thank you. As for connecting candles, in my opinion it's not going to be 100% accurate. This is because of the buying or selling forces in action. There may be automated orders that get hit causing a some flux of the price, or some other factor. But if its in within 5 or...

Some people don't have the time to do extensive research because of full-time jobs, families, etc. There is nothing wrong with that. Some people take longer than others, though I hope that this thread can help speed things up :) But I am glad to hear you are doing well! Keep it up! Good luck.

Thanks Peter. I plan on adding video lessons once a week and hope to do a EUR/USD video analysis daily once my schedule slows down. Regards, Greg

Actual trade Here is an actual trade I took earlier. I set my stop loss so that I will take +20 as I got in at a good price. Now I don't like to trade the GBP/JPY too often since it's sometimes too volatile for my liking, but when the market tells me there is an edge I simply trade it and...

... Trading itself, at a technical standpoint, is not really that hard as many make it out to be. For example, let's say that we just guessed the movement and 50% of the time we were right. And at the same time we had a decent risk reward ratio(2:1). Without even knowing that much about trading...

more tools... The technical tools you use on a daily basis News You can either use this to your advantage (if you are an experienced trader) or you can completely stay away from it. If you are a newbie I would recommend 100% staying away from major news releases as it will cause your...

timeframes... What kind of trader are you? Are you a longer term trader? Meaning that you don't like to watch trades too often and maybe trade once a few days or once a week? If so you are probably more inclined to trade the 4 HR charts or even the daily charts. Here you will able to determine...

tools... Tools you need to be a successful long term trader 1. An Edge This is a very important tool to have because without it you would not be able to make any profitable trades. It's basically being able to determine a good price point that has a good risk reward ratio. Thankfully...

Good weekend! Thanks for the kind words David. As well to JDtrader. I am hoping to build this thread into a meaningful one. I will be adding more content after the weekend. There is lots to talk about. Until then, have a great weekend! :)

Thanks Andy. You have a nice weekend too.

... Ok so what actually moves prices? People's belief that the price should be worth x amount and the fact that they are trying to make money. So what you are looking at when you are looking at any sort of technical chart is the emotion of the market, so to speak. Well how can you use this to...

More... I try to keep my trading simple. The strategies I use are as follows: -trendlines -S/R -50% fib -candlestick formations -time I know that some people use indicators to help them make a decision to enter a trade, or even to completely make the decision for them. But for me I like to...