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- 148 Results (146 Replies, 2 Comments)
- Nijee replied Feb 6, 2013
The only trader I have seen with a system that can distinguish between a fakeout and a breakout is Crucialpoint. He has a proprietary method of measuring momentum that can identify if an initial impulse has enough behind it to push through any S/R ...
How Do You Identify A Fake Breakout?
- Nijee replied Feb 5, 2013
Couple of things; - correlation does not mean causation - fooled by randomness, hindsight bias is alive and well in all of us
Extracted Thread (per thread starter's request)
- Nijee replied Feb 2, 2013
Agreed! The market is both predictable and unpredictable (some say random others say chaotic). Regardless of the semantics or personal views we have to take what the market gives. In such a dynamic environment we need a dynamic exit. Having a ...
Improve My EXIT
- Nijee replied Feb 1, 2013
I trade similar to you. For me my exit is based on measuring momentum. At present I am using the TSI for this. Think we have a mutual friend in mahdiquandt. Have some interesting articles on measuring momentum that have shaped my thinking on this ...
Improve My EXIT
- Nijee replied Jan 10, 2013
Thanks Spudfyre, finding this thread of real interest but have a basic question relating to your threshold volume levels. Why are they not linear across TFs eg 500 @ M15 = 2,000 @ H1 but you use 1,000. Sorry to be a pain but it is just bugging me!
Volume Price Level Trading
- Nijee replied Jan 9, 2013
Was immediately drawn to your thread title. What a great educator Lawgirl21 was. She was so patient with newbies and explained things in practical terms with real, live trade examples. She is sorely missed and I hope she is doing well in both life ...
Yet another Heiken Ashi system
- Nijee replied Jan 1, 2013
From Athene’s Theory of Everything;"In quantum mechanics, we have learned to approach reality differently and see everything as probabilities instead of certainties. In a mathematical sense, anything is possible. As well as in science as in our ...
Extracted Thread (per thread starter's request)
- Nijee replied Jan 1, 2013
Subscribed. Thanks for sharing Spudfyre and happy new year to you.
Volume Price Level Trading
- Nijee replied Oct 24, 2012
Another poster here drew my attention to this tool. Found it an excellent way of doing some comparisons/analysis; http://www.forexticket.us/en/tools/02-01-volatility Real situation is less clear as it seems very mixed across currency pairs.
Seriously... Is the lack of activity due to the US Election?
- Nijee replied Oct 24, 2012
Firstly you need to be aware of BRN = Big Round Numbers. This is where price ends in a say a 00, 25, 50 or 75. The7 stated he looks for rejection at 00 and 50 levels for confirmation of a trade. Bit of a self fulfilling prophecy at work with BRNs. ...
The7 Trading System
- Nijee replied Oct 19, 2012
Cable only. Reason is London open fits in with my trading window, only need one currency to trade. Great tool BTW - thanks.
What Currency Pairs You Trade And Why
- Nijee replied Aug 22, 2012
Subscribed. Think Wyckoff/VSA should be a mandatory part of any newbie's forex education. Issue about volume data is a vexed one with a lot written about it. Like you I think the MT4 volume data is as good as any given where brokers get their feeds ...
VSA/Wyckoff Simplified
- Nijee replied Jul 20, 2012
Sorry, cant see the contradiction in what I wrote, pls elaborate.
Extracted Thread (per thread starter's request)
- Nijee replied Jul 20, 2012
The whole business plan thing is a bit of a myth. Everyone has plan, mostly just in their head. Yes, there are some advantages in formalising it on paper as it forces people to justify their assumptions about key elements of their business model. ...
Trading is not a Business
- Nijee replied Jul 20, 2012
At 2.28 the number 6 appears - freaky! Flocks of birds like this can be mesmerising to watch. I often watch wild pidgeons doing the same thing, just on a smaller scale. Who would have thought the answer to how birds and insects swarm would be so ...
Extracted Thread (per thread starter's request)
- Nijee replied Jul 20, 2012
Yep, like the rest of the world, aussie consumers love their bigscreen TVs, iphones/ipads and new cars, mostly all imported - made in China. Our imports come in containers given they are mainly consumer goods. In contrast most of our exports are ...
Aussie Trading Room and Cartoons Gallery
- Nijee replied Jul 20, 2012
For me, trading is really like a business. I run a brothel. Lot of up and down movement, even sideways. Lots of different approaches and styles used. Some people like the hourly but drop down to lower the TFs to make an entry. Some also use the ...
Trading is not a Business