Dislikedps...GJ is just beneath its Daily 100sma by the way, 16,336, so watch that!Ignored
The Secret to Success and profitable trading - What is it? 431 replies
Trade management... The secret to success 27 replies
The Big Dog Trading Secret 272 replies
most simple method to achieve big success 34 replies
Dislikedps...GJ is just beneath its Daily 100sma by the way, 16,336, so watch that!Ignored
DislikedAs promised, here are a few charts from the index I trade every day, which is the Dax 30 rolling daily. In the New York trading hours, I normally switch over to the Dow. I don't trade anything else, though my favourite forex pair, which I still trade from time to time, is GBP/JPY. I'm showing the entire month of April, which has been in a strong uptrend. Starting with the Daily, you can see where the 200 zero laf moving average (turquoise/pink), came underneath the price to offer support when the price came back off the 50% fib ( brown horizontal...Ignored
Disliked{quote} thanks Cat for sharing. Amongst your charts I couldn't actually see the daily chart that you refer to. Rest made sense and I will give further thought to see what I can incorporate into my trading. Is zero lag indicator common? (I couldn't see it available from my broker for instance)Ignored
Disliked{quote} Yes I know dab, sorry about that, for some reason it didn't post, so here it is again. If your broker doesn't offer the ZL, then the best you can do is play around with the MAs you've got and fins something that is similar. Not sure how many people use the ZL, but you'll find it's a personal thing, as traders all have their pet MAs, this is just one of mine. {image}Ignored
Disliked{quote} Trading is of course much more complex than merely waiting for a pullback and jumping in with the trend, you have to know that it is a continuation and not a top or a bottom for example, but getting into the habit of trading with momentum instead of against it, like surfing a wave instead of trying to paddle through it, is the most effective way I know of making consistent money in this business.Ignored
DislikedHundreds of books have been dedicated to this question, hundreds more threads have discussed it and analyzed it, everybody knows what it is, and yet, the majority of traders still lose. The answer boils down to just one thing around which everything else will, given time, fall into place. The reason we lose is that we ignore it, and we ignore it because it runs counter to human nature, for we humans are especially prone to over-complicating things and failing to see the wood for the trees. Such an approach to the markets is usually fatal. As Einstein...Ignored
Disliked{quote} Thats the million dollar question ! I'm glad that you started a new thread on a topic that I have been struggling with the past couple of months. You don't have to answer my pm if you've already (going to) discussed this. I'm following your thread. No nonsense here please ! Cat knows what he's talking about.Ignored
DislikedWhat the London boys love to do at the open is move the price aggressively in a counter trend moveIgnored
Disliked{quote} Bread and butter tactic of the boys. One can build a good trading strategy on just these moves (1m/5m chart) and only work for 2-3 hours a day. Doesn't always work of course but then nothing works all the time in this game.Ignored
Disliked{quote} Rest though, is very very important, and I use every opportunity I get during the day.Ignored
Disliked{quote} And Sleep Cat, sleep is an edge in my book. Can't remember the last time I didn't get 8 hours. The downside to getting 8 hours is you've got to be in bed early, like 9pm because in the UK it's a 6.30am start. And you're 100% right, you've got to study those early morning moves, they can be tricky and very fast but there's Gold in them.Ignored
DislikedThis thread is essentially all about trading with momentum, which is actually not the same as trading with the trend, it just means that you are not about to enter a trade which is about to run against you. If it doesn't, and it runs for you soon after your entry, you have correctly opened a trade in which the majority of active traders trading the same market have also recognized as an opportunity, ie, you are trading with them and not against them. this, if there is a secret to trading success, is it. If you can recognize exactly where the price...Ignored
Disliked{quote} Very informative entry as usual. I see that you have new addition to your arsenal 200 zero lag. I have noticed this price behaviour time and time again on a pair I trade often EURAUD. But I often find myself wondering about the perfect entry point. To me this is a bottom , it's good to know that I haven't been doing things entirely wrong. Is there anything else you look out for besides MAs that you know for sure price is headed for an upturn ? For instance certain price structure ? From my experience in calling bottom there's a usually a...Ignored
DislikedThis thread is essentially all about trading with momentum, which is actually not the same as trading with the trend, it just means that you are not about to enter a trade which is about to run against you. If it doesn't, and it runs for you soon after your entry, you have correctly opened a trade in which the majority of active traders trading the same market have also recognized as an opportunity, ie, you are trading with them and not against them. this, if there is a secret to trading success, is it. If you can recognize exactly where the price...Ignored