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- coralsands replied Mar 9, 2017
It will break soon but it might take the NFP tomorrow morning or the FOMC announcement next week. I am with you that it will probably go short, but would wait for some confirmation on that opinion
Zappa's Journal
- coralsands replied Mar 1, 2017
What kind of account did you open at FX Choice? Was it classic or pro? I'm in the US and thinking about opening an account with them as well. Thanks.
Profits with an Offshore Broker
- coralsands replied Feb 22, 2017
Caillo, thanks for giving back to the community of traders. I like your fibo indicator with the various colors. Can you attach it here? Thanks.
Weekly Fibo trading levels
- coralsands replied Jan 28, 2017
I need a clarification. When you say you made "300 pips" on a pair, then what you really mean is 30 pips, is that correct or no? I say this because you mentioned to someone that in one day they would have made 1000 pips on the NZDCAD, so I assume ...
Day Chart Stress FREE - Complete Chart
- coralsands replied Nov 1, 2016
Good call again JAKammus. The AUDJPY broke out last 4H. Also, the USDJPY broke out of it's channel during last 4H candle. Also, the AUDUSD has been going up and down in triangle formation on D. Nice to catch those pips in both directions.
Channel/SR Strategy - My Journey in Becoming a Better Trader
- coralsands replied Oct 31, 2016
Good call JAKammus on the EURNZD setup. It looks like you might have made some pips on that one. I just got back into town and saw the setup now. The USDJPY is shaping up for a good setup on the 4H chart with major support (blue line) just below the ...
Channel/SR Strategy - My Journey in Becoming a Better Trader
- coralsands replied Oct 29, 2016
Thanks for the clarification, now I understand your MTF analysis. I hope to stay around and contribute and help each other. I will probably stick to higher TF's like 4H, Daily, and possibly 1H for entry, simply because of my work schedule. I'm not ...
Channel/SR Strategy - My Journey in Becoming a Better Trader
- coralsands replied Oct 29, 2016
Regarding major S + R. Here is a recent example of the USDCAD with a channel on 4H chart. image Now, if we draw in the Major S +R (from over 20 years of history) you can see how price reacted to it in shaded ovals. First, it bounced a couple of ...
Channel/SR Strategy - My Journey in Becoming a Better Trader
- coralsands replied Oct 29, 2016
Wow, what a very nice description of your trading system, with great pictures. This is very helpful. Sometimes I trade channels as well. I wonder if having the major Support and Resistance lines (from past months and years) would help your system, ...
Channel/SR Strategy - My Journey in Becoming a Better Trader
- coralsands replied Oct 29, 2016
Just a head's up - backtests can really be deceiving. I've had lots of systems similar to yours that fail miserably in live trading. Also look at your drawdown. One loss and all of your profit and capital are gone. I hope it works for you but you ...
Found my jackpot strategy "THE X FACTOR"
- coralsands replied Oct 4, 2016
If you have lost a lot of money then you are certainly risking too much especially without a tested game plan. My recommendation would be to only do demo trading until you have a tried and tested game plan. Or you could spend your time working a ...
Should I quit trading forex?
- coralsands replied Oct 3, 2016
Yes, SMA 5 shift 3 would have avoided some bad trades but it also would have missed out on some great trades. So which do you want? To miss out on some good trades or avoid some bad trades? Personally I use a mix - I have both the SMA 5-0 and 5-2 on ...
Monthly Profit - Daily Trading using SMA
- coralsands replied Sep 29, 2016
I have been trading this system for several weeks now with an average of 400-500 pips per week. Average. My first week I made 900 pips and second week made 750 pips. This is with just a few minutes of my time each day. (I also have on my chart an ...
Monthly Profit - Daily Trading using SMA
- coralsands replied Sep 24, 2016
EUR/GBP long should have happened about 12 candles ago. It's way too late now.
Monthly Profit - Daily Trading using SMA
- coralsands replied Sep 21, 2016
Joseph, that is another system that Bk8 is working on. It takes a lot more, time, effort, and the rewards are not as promising... yet. It is still being refined. To me, this daily system (monthly profit) is much easier and much more profitable. Just ...
Monthly Profit - Daily Trading using SMA
- coralsands replied Sep 20, 2016
There is something on FF called a private message if you don't want to pollute the thread with personalized comments. Just a thought.
Monthly Profit - Daily Trading using SMA
- coralsands replied Sep 18, 2016
Seriously, some people are just trying to hop onto a popular thread and make some money by being a copycat. But you need to study the basics of Forex before you begin trading. Spend some time on educational websites or actually read a book that ...
Monthly Profit - Daily Trading using SMA
- coralsands replied Sep 11, 2016
Do you think NZD USD is good for shorting? Check out the supports: image
Monthly Profit - Daily Trading using SMA
- coralsands replied Jul 29, 2016
Did you read his answer to the other lazy bums!
I have a profitable trading strategy. Should I quit my job?
- coralsands replied Jul 22, 2016
Yes, you certainly exposed GJScalper - he showed us how to double an account in just a few days. That is crazy math. Meanwhile, you showed us how a "swing trader" opens and closes 114 trades in 5 days and loses 20% of his account. If I were Geppy I ...
Geppy vs. GJscalper - a duel to the death!