- Search Forex Factory
- 453 Results
- notouch replied Oct 7, 2021
Hardcore pivot action on crude oil this week. R100 straight down to the weekly pivot. Do you ever trade it directly? image
- notouch replied Mar 18, 2020
Bank of England intervention.
- notouch replied Jun 1, 2017
Thanks for the suggestion. I'd like to do that because that indicator is definitely something that would help me visualise my current strategy better, but it would be a massive hassle and probably wouldn't even work. I think the indicator must be ...
- notouch replied May 31, 2017
So it's a bug that doesn't affect everyone. That doesn't mean it doesn't have a bug.
- notouch replied May 30, 2017
Nice idea but TDI RED GREEN BAR.ex4 causes my MT4 to hang. No other indicator does that so must be a coding issue.
- notouch replied May 24, 2017
The problem with trading GBP/USD at the moment is that different brokers have different prices for the low of the flash crash, so it's difficult to draw long-term fibs. Some brokers have their low as something like 1.1425 but this was just because ...
- notouch replied May 11, 2017
How much time do you spend staring at the screen each day? I think the more time you spend staring at the screen, the higher the probability of 'losing the plot' and entering trades just to relieve the boredom or because you're worried you'll miss ...
- notouch replied Apr 16, 2017
Comparing treasuries to forex is not comparing like with like. Notice this website is called forexfactory, not treasuriesfactory. If you want to talk about treasuries go to elitetrader. I made it very clear my comments were comparing fx futures to a ...
- notouch replied Apr 16, 2017
For scalping it does but for trading the 4H charts it makes very little difference. When you're looking for a 500 pip move trade placement is more important. Also the liquidity isn't there in the futures market, especially on crosses, so you're not ...
- notouch replied Apr 16, 2017
You're the one who has no clue, that's why you keep backtracking. First you claimed you could see 'someone' i.e. one trader placing large orders, now you're just talking in general terms about order flow. Of course you can use order flow to scalp. I ...
- notouch replied Apr 16, 2017
Not really true. You're instantly down trading futures too as you have to pay a commission to your broker that's typically equal to about 1 tick. Some forex brokers have favourable spreads so you only need the market to go 0.5 pips in your favour to ...
- notouch replied Apr 16, 2017
Given the huge size of the market I doubt very much you can see 'someone' placing large orders in treasuries. DOM is useful for scalping but there's going to be some other guy closer to the exchange than you who is better placed to make money. The ...
- notouch replied Apr 16, 2017
Let's do the maths. He has 2707 in his trading account now. An average of 4 trades a day, risking 2% on each trade with 2 winners and 2 losers at 1:2 risk:reward gives him a return of about 4% a day (2 wins of 4% = 8% and then subtract the 2 losses ...
- notouch replied Apr 16, 2017
Order flow can be and is faked. Read up on the SP500 flash crash trader. If anyone can place and cancel orders what value is it? There's also the fact that unlike stock index futures, FX futures are a tiny fraction of the spot market.
- notouch replied Apr 15, 2017
It really depends how you trade. If you just look for 1 or 2 good trades per day then 2% per trade is no more gambling than what you do.
- notouch replied Apr 14, 2017
You're in the mindset of a losing trader. The fundamentals and technicals are pointing down and you're sinking deeper and deeper under water, scared to take a loss because you've got that demon in the back of your mind saying 'what if you close now ...
- notouch replied Apr 12, 2017
I think you've taken a couple of comments I made a bit too personally which confuses me as they were replies to other posters. I've read a lot on this thread and I do find confluence between a harmonic and fib pivot level together with price action ...
- notouch replied Apr 11, 2017
I've recently read the books of Scott Carney, use his website and also attended some of his live trading sessions. He doesn't use fibonacci pivot levels, 78.6 or otherwise. He uses harmonic patterns based on fibonacci retracements and extensions but ...
- notouch replied Apr 11, 2017
This is what I mean. Sitting on a losing position while the market is trending against you is no way to trade. The reason for the move is a big unwinding of the Trump Trade. There was a long period of 'risk on' and now it's being unwound so the Yen ...
- notouch replied Apr 11, 2017
The benefit of not using SLs is that your win % will be higher, but the problem is that when the market moves against you very quickly it can be very difficult to close a losing position. You might be hoping that the market is going to come back in ...