Careful with using conventional trend lines and this method. Because the trend line is directional, price can coil around the trend line while still remaining directional - causing your swap cost to increase dramatically. This is definitely NOT for ...

Check your PM. You've got mail.

I've been a successful trader for a number of years now, but one of the most important lessons I learned was that I did not need to know which direction the market would go, in order to be consistently profitable. For eons, I thought I needed to ...

Unless you are opening with more than $300k, you don't really have that many good choices. You have not stated the capitalization level yet, so here is my short list: FXall: - Institutional sizes - Professional platform/trade execution - API ...

Here's what I would do. Open up a tiny cash account with a bucket shop (who else would you be able to open a tiny cash account with...) for the exclusive purpose of testing all trading ideas and trading theories. Get really good at not blowing the ...

To the OP: How is it possible to trade against the market and win? Shift your current position to that of the market, and you have to work very hard at not making a profit by definition. The key is to keep your transaction costs low during the ...

It is not the indicator you use, rather, how you use the indicator. Any indicator will do. Just make sure that it provides you with good information about the probability for either Swing and/or Magnitude (momentum). Then draw a horizontal line on ...

The absolute best advice that I could give you is for you to learn the value of Non-Directional Trading in the Currency Markets. That means, learning when, where and why to draw a horizontal line on a chart, and then learning how to defend that line ...

I pretty much do this all the time: image Today's EURUSD market (11/15/11) between 1300 GMT until now), was deemed by many traders to be impossible to trade, given the "volatility." Check the boards - many were frustrated today. You will see ...

No problem Ranger and thanks. I'm not "back" - but I thought this trading session (in one of my small cash-test accounts) offered a rather fitting rebuttal to what's being put out there right now by the "professionals." Everywhere, even the ...

It is time for me to get back to production trading. I'm satisfied with my test results. This will end my participation in this thread and this test sequence. I actually won't need to continue for four weeks - I have pretty much confirmed what ...

Test complete. Minimum pip requirement met: image Calling it a day.

Thanks, that was kind.

A little different format this time around. Targeting 50-75 pips (daily requirement) Mode: Swap on Close Chart: M1 and M15 (so there will be discretion on how I swap) 0000 GMT T-Trigger on M15 image Cycle Details: 0000 T-Trigger: Entry Long at ...

And, here's another piece of good advice for you, Dennis. Learn (rather quickly) the value of simplicity in trading. The most important technical piece of advance that I can give you, is to learn the value of an instruments normal volatility Range ...

Yes. There is no such number. What you make depends on how well you trade day-to-day and how much you capitalized your account from the start -vs- how well you do at growing your capital per year. $100k is not a lot of money. Some "advanced" traders ...

Test was successful as trade cycle saw between 50-75 pips. Will close position for about a +36 pip net gain, and a +92 pip total within the 24 hr period. The trade at 0000 GMT and the trade at 1345 GMT. (see other thread for trade details) image

Ok, that just about does it for me on this test. I've reached me 50-75 pip net profit range on this one as price did reach 3711, which was +64 pips. 1345 V-Trigger Entry Long at 3647 1406 M1 bar closed below Line at 3643 (-4) Entry Short 1409 M1 bar ...

Enough play-by-play. I think I've made it clear on how I use 127%.

Nearest bullish 127% expansion test passed: image