FYI — Profitable Accounts Report from Forex Magnates (I am not affiliated) & also available from CFTC. Q3 should be out in a few days: image

Think of the bright side. Your account can never reach $0 if you always risk a % of your account. For example: take your account and multiply it by .98 (a 2% loss). Now, repeat, repeat, repeat....and so on. It is impossible to go broke in this ...

GJ = GU x UJ — Here is what I see on the Daily GU & UJ. GU is sitting on support and is begging me to put a straddle around it. However, I can't figure out what the yen is trying to tell us.

You may want to PM him. He is a really nice guy and very knowledgable. The way I interpreted is draw a fib between support & resistance and trade upon entry into the 38.2, exit at 61.8 and vice versa. He does say this is not a system, just a way to ...

url Great for ranging but not trending.

I agree. It should be discussed more. I am scalping both between the fibs using Monarch's method (discussed earlier) while waiting for a breakout.

Windsor Direct & North Finance

FYI: Dow futures are down 100 pts from yesterdays close

I was reading markam's article above and ran across this: url Also, note that Japan will be in holiday mode next week.

Right click on the word "volume" in the volume window. Then add indicator from there. Just use "Moving Average" it is simple by default.

No. SMA=Simple Moving Average which will draw a line where the average volume is. Simple is the type of moving average where others are accelerated (like exponential) Since the volume changes, the average volume will change but much much slower. 50 ...

Mr. S, If you are using MT4, try reducing the window to size first then Save as Picture (as is). If you save as a picture (800x600) you lose quality.

Yes. also add a sma to the volume window. I use 50 but there is no magic number. The SMA will let you know if it is above/below ave volume.

Yes. I believe he said if the price action moves on low volume, the SI can give a false reading. On VT, I have volume with a 50 SMA added to it. The last 8 hours on 1h have been way below average volume, except for the dragonfly doji (bullish ...

Yes, it can. Through away that logic and read your charts. Don't second guess what you see.

click on the "!" icon in the top right corner of the offensive post and report to the moderators...they do listen

Good observations. However, my humble opinion is that if/when it drops, it won't be rapid or exteme. I am expecting a minor correction if it breaks support you mentioned.

Even though forex is a 24/7 market, most volume takes place during business hours in Asia, London & US with it peaking during US & London overlap.

DOW — Dow, Dow mini and Dow futures can be found on MT4 from North Finance or Windsor Direct.

Yes. It confirmed! So, according to A, we should be watching for a ret to the 5 sma (currently 240.70) on the 1h and a bear to bull move on the SI before opening a long. Probably in the Asian session. Anyone agree?