For traders, the cost (of having 2-3 backup computers with different connections, and the monthly cost to keep them running) is offset if they save your a** just once every several years. So yeah, it's definitely worth it.

First it didn't break, and the reason might be the downtrend bias the pair has -> just look at recent highs and lows and the direction they are pointing to. Lows have been broken so the bias is down down down for now.

Sorry for the off-topic but where did SeekingLight disappear? Or is he still active in the PF?

I know this chart is already in this thread, but I wanted to my best trade of the week, after having survived a retracement close to my Stop loss to the pip last night 300 sweet pips in one trade following simple rules

If you read only the posts from old timers on this forum, you probably won't need an offline brainstorming group

Thought the same thing... psychology. Nice trades anyway

DId you close the trades around the time you posted those charts?

Nice thread aediaz1. I'll bookmark and watch it in the future. And v2 if you decide to open the new thread

It seems I forgot to add the rest of the post before clicking Submit. Oh well. This is a very small Pin bar, but coupled with the ppz (and if it breaks) it could prove to be a good entry for either a quick scalp, which in this case would be 75-100 ...

GBP/JPY Pin bar on the daily and on the 1h chart there is a nice ppz at 142.02. Two good reasons to go long if it breaks. image image

Hey Seb. The links don't work for me. All the links have "...." in them. Anything I should know or how I can fix it?

Nice rally to the strong 141.70 resistance area. I think we may see a bounce here. If I am wrong, there's always the chance to recover the SL (if taken) on the break upwards.

Yes that's right. Also: When price crosses the 200 moving average several times in a short period of time you will get a range, trade only when price breaks out of that range. Another basic and crucial piece of info for trend trading that many ...

Go on the daily EUR/USD chart, add 200 simple moving average and observe 1. when price above we are clearly in an uptrend. 2. when price below we are clearly in a downtrend. Consider 200 SMA the line that separates bullish territory from bearish ...

Did anyone profit from this nice Pin bar? So, silver broke a very clear trendline and made a higher high marked by that Pin bar and higher low now. Up scenario kicks in above 10.00 - 10.05 with a target of 11 or more (new high) and down scenario is ...

Silver is not very tidy in general. But it usually follows through on the signals it gives. Well most of the time. Let's see how this one plays out. PS: I like silver because it always managed to test my patience to the limits, as it moves extremely ...

10.20 is the resistance, the bar pierced it and came back down just to close as a PB.

There's a nice PB on the Silver 3h (for Oanda users) & 4h chart. The red line - 200 EMA, the other line - 200 SMA. The PB looks like a rejection in that area. With MACD also positive on these time frames, I'd say it's a nice setup worth at least 40 ...

Looks like a great reversal/retracement area for GBP/USD and GBP/JPY. Sorry I can't post charts right now.

Where and why did he go? Seriously now...