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- damagedv1 replied Jun 30, 2011
Have you ever noticed moves seem to happen at times like 10:20 am, 10:40 am and 11 am eastern time? I see it a lot.
- damagedv1 replied Jun 30, 2011
Excellent advice..
- damagedv1 replied Jun 30, 2011
...And the other ingredient that makes Cloggie's price level breakouts work even better is the presence of momentum. When there's no momentum..levels are more likely to be rejected.
- damagedv1 replied Jun 30, 2011
It's nice to see someone who understands price action instead of talking about some lagging candlechart closing..after 4o pips already moved by. Keep it coming!
- damagedv1 replied Jun 24, 2011
Just scalped that little breakdown below 1.4160..Thanks to my audible price alarms.
- damagedv1 replied Jan 18, 2011
A tick refers generally to one unit or one point of price movement. In Forex, a pip is the same thing as a tick. I'm assuming you know what a pip is.
- damagedv1 replied Sep 12, 2010
Excellent point. Sometimes as I'm watching...the Dow will start nosediving, and sure enough the euro/yen will make one of those fast 100 pip moves. I've seen it over and over and it's so obvious. I like to wait untill something significant is ...
- damagedv1 replied Sep 3, 2010
Good points...but then what would all the Forex Forum guys do that want to try 100's of Forum strategies for decades on paper accounts and micro-minis, in their never ending quest for The Holy Grail? What would they have to live for without their ...
- damagedv1 replied Sep 3, 2010
No problem, my point is there are far more factors in the Forex Industry that set up clients for failure rather than leverage and I think if the Powers that be were serious about protecting consumers, they would adress those things as well. Why even ...
- damagedv1 replied Sep 3, 2010
I'm not complaining. I have a 100k account with a DMA broker. I have flawless execution...but having been with other brokers. I know the tricks they play. I can assure you, no one at my broker trades against me and I can get fills on 10 lots of ...
- damagedv1 replied Sep 3, 2010
Protect us by eliminating the deal desk brokers — If the CFTC really wanted to protect people, they would get rid of all dealing desk brokers who use technology to trade against their clients, use stop hunting spikes, make sure orders aren't ...
- damagedv1 replied Sep 1, 2010
Well, look at it this way. If I were using my "great scalping skills" to produce a few thousand dollars a week income and that money was used to pay living expenses, then it's an issue. Let's say I couldn't put additional funds into a trading ...
- damagedv1 replied Sep 1, 2010
Please explain to me how you would make any real money with a couple of $100 to trade and 10 to 1 leverage. I seriously doubt it could be done. Lets face it, for the vast majority of these guys that spend endless years testing every "system" on ...
- damagedv1 replied Aug 29, 2010
What has been working for me — I will share in a basic way my system that has been allowing me to consistently make profits for quite some time. A few things first: This probably won't be helpful to most people on here since the skills ...
- damagedv1 replied Aug 19, 2010
Was just reading this thread...It's interesting from the standpoint of analysis of the mathematics and probabilities of trading. However, it also assumes that most of the people on here talking about the percentage of sucess see most trades as ...
- damagedv1 replied Aug 13, 2010
So now you want to rip other people off and become like these guys? Not me. Of course I would never be foolish enough to trade with these type of brokers..Anyone who uses a dealing desk broker, at this point, should know better. Why play a game that ...
- damagedv1 replied Jun 24, 2010
A variation on the original strategy using alarm technology — Just saw this thread and I will put forth my two cents. After 5:00 Pm est. I check the highs and lows of the day on several currency pairs. I have a program that alerts me when ...
- damagedv1 replied Jun 2, 2010
When you learn how to scalp momentum moves, you don't need more than 10 pip stops..and your trades last less than 10-20 seconds. I do it all the time. But you can't do it watching candle charts. Oh, and you need a broker that can fill you on ...
- damagedv1 replied Apr 20, 2010
I agree. I've been live with them for 3 months now and I haven't had one problem with execution and I jump into some extremely fast moving trades. I was with MB trading before that, and I had problems virtually every few days. If you trade slow ...
- damagedv1 replied Mar 14, 2010
You can still profit from News releases..but the best idea is not to try to always trade the initial spike. Euro/yen is a good news mover. Here's what I do..and this pertains to news releases during the US session (8:30 am est releases or 10:00 am ...