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- Musashi replied Feb 22, 2013
Might seem a bit crazy, but seems like a good level to be going long on EURUSD to me.
- Musashi replied Apr 6, 2012
Identification of a possible trend is one of the most important aspects to any trading plan. We can anticipate the beginning of a trend by looking for congestion in the market, this can be seen on any time frame or on any price bar chart. Typically ...
- Musashi replied Apr 6, 2012
You know what the most difficult thing is? It's taking those run of losses in a row and then the self doubt kicks in, however knowing that all it takes is one or two trades at r:r 1:2 and 1:3 to wipe out a run of losses keeps you going. Self ...
- Musashi replied Apr 5, 2012
Going along nicely still.
- Musashi replied Mar 10, 2012
It's not too scientific I'm afraid, it could be a two bar reversal, that is one bull candle followed by a bear candle for a short and the opposite for a long. It could be one candle being a reversal candle that is one with a upper or lower wick. Or ...
- Musashi replied Mar 10, 2012
One more example of an actual trade taken, you can see prices making lower highs. This is the sort of thing that you need to train your eyes to see.
- Musashi replied Mar 10, 2012
Here's an example of an acutal trade I took using this strategy of waiting for a breakout then observing price after this happened. I don't need to know what is going to happen, just that i know prices will tend to go to the next xx00 levels once ...
- Musashi replied Mar 10, 2012
I'm not saying it's easy, it's not easy. It takes training and patience. Training your eye to see price levels and not indicator levels. Once you see the market as price moving from one congestion level to the next, look for what happens at price as ...
- Musashi replied Mar 10, 2012
This is a picture of what I'm talking about. Patience is what is needed, and wait for something like this to setup. Profitability doesn't come from making lots of trades. Only from good R:R and good Win:Loss ratios.
- Musashi replied Mar 10, 2012
Stick with those price levels, look at congestion around those areas, and follow the direction of the moving averages. You'll increase your chances of a successful trade if you follow the direction of the intraday move. Wait for price to move out of ...
- Musashi replied Mar 10, 2012
When the market trends you make money, when it goes sideways you typically lose money. Keeping the size of winners bigger than losers is what helps you make money.
- Musashi replied Mar 10, 2012
It matters little which moving averages you use on your chart. I am using a 30, 50 and 100 EMA on the chart.
- Musashi replied Mar 9, 2012
Yes indeed, correct money management is key, and keeping risk the same regardless of stop loss location is critical to success. I've setup my trading platform using Internet Trade Mirror, which can duplicate my orders over the internet. Some will ...
- Musashi replied Mar 9, 2012
Yep still going along nicely.
- Musashi replied Mar 7, 2012
Seems like it's not going to breakout lower at this stage... a spike above resistance and then some bearish bars will be a really good sign to look for shorts...
- Musashi replied Mar 7, 2012
Closed bullish... still waiting for a bearish close...
- Musashi replied Mar 7, 2012
A bearish close here and it will be a short for me...
- Musashi replied Mar 6, 2012
Things are going along ok.. one thing will always remain the same when I trade and that is price levels...
- Musashi replied Jan 23, 2012
As you can see this is the type of move aiming to capture at the opens.
- Musashi replied Jan 23, 2012
Closed...