I actually went long the AUD/USD and am currently up 140 pips.
2 for 2 with this system. Gonna keep looking for setups and paper trading this system.
The UDS/JPY just broke the 5 min. 60 SMA to go short
I just wanted to mention that I shorted the USD/CHF early this week using this method and made 165 pips .9325 - .9160.
This was actually my first Forex paper trade ever. I'll be looking to paper trade this method for a while.
This is some scary shyte!
I thought you might be pulling my leg, but there's a huge thread at babypips forum on offshore brokers for Americans.
I've got to rething this whole thing. Thanks for the heads up!
I I don't want to give the wrong impression. While I'm not a beginner or when it comes to stock trading 50% is not the norm either. How I wish it was! improvin my stock trading that' my stock trading that's all
Thanks for the input.
I'm just wondering if it's productive for me to spend more time studying for ex or if I should It seems like you can make more money trading stocks fo It seems like you can make more money trading stocks for instance a recen pic kwent up 50 percent in four weeks I don't...
I've been reading the various online beginners courses on Forex and will study Price Action Trading before opening a Forex demo acct.
Reason being, I spend a huge amount of time screening stocks and then you have earnings surprises and what have you.
I'm curious if some of you found the same...
Great thread Mr. Charts and very generous of you to share - I just wish I didn't work during market hours so I could experiment with this method myself.
Have you ever tried this method with 1 hour charts as a swing trade? If not, I may have to do some paper trading to test it.
Thanks,
Steve
Just posting this to hold myself accountable and for input from others if you'd like.
One of my more successful setups swing trading stocks is to buy the first bounce off the 50dma after a stock has had a nice advance of 30% or more - when it bounces on heavy volume - a sign of institutional...
1 - A couple of my hobbies are photography and electric guitar. I just try to be the best I can be knowing I get a little better everyday with more experience. It's the journey.
2 - I don't feel I'm putting too much pressure on myself at all. For me, with the majority of my money in index...
15% per year?
In my 401k - yes. In my personal trading acct - not at all.
If I can't beat money managers in my personal acct then why bother? That's what makes it worthwhile for me.
I can only comment from my own personal experience, but while I'd love to eventually make a living trading, I'm being realistic in my situation - I work a day job during market hours, need to provide a stable income for my family with health insurance, so I swing/position trade going for the...
Thanks for the heads-up on Chartmill - they have some great parameters to screen for. Do you think it would help to screen for the price near lows as well?
I've been a CANSLIM guy, but I think this method has the potential to get in much earlier for a bigger chunk of the runup, although...