Nice trade. Glad to see things are going well. I'm still using your old techniques of 8+ pip candles. I've just gotta find the time to trade and get enough sleep in for work the next day.

I've been using Interactive Brokers for ages now. Have not found a better broker for forex or stocks.

You can use whatever rules you like but don't follow things blindly because its written somewhere. Use your own judgement and back test extensively.

Some more examples: image image

Most of it is the same as Tony's. I've just taken what he gave me and developed my own system. - Look for large candles like 8 pips or more. - It should be followed by supporting price action forming an L, like in the examples shown. - Enter once ...

image Look for a large candle followed by supporting price action. If the price immediately drops back down, avoid trade. You can see the price action goes sideways forming an L. This is a big indicator of whether the price will continue to rise ...

We're still here. I've just been busy with work and haven't had time to trade or post anything. Tony, by the sounds of it, is dealing with a personal loss. Thoughts are with you Tony.

I'll do my best to be as active as possible on this board during the London open. I trade only from 11pm-1am pacific time. I find the big moves usually start here. There are big moves during the New York open but I dont have the time to trade all ...

sick with the norwalk virus. be back soon.

Hi Tony. Nice to see you're still around. I've stuck with the 8+ pip candle system that you originally came out with. I've been fine tuning this for the past 8 months and absolutely believe that this works. There are a few filters that I believe are ...

From my own experience working in a prop trading firm, the 5% number is correct. This is a tough business to be in and everyone is trying to make a buck. There were new faces every month. Some guys did well for a few months only to crash and burn ...

Both those trades you identified had no price action follow through, which is what you need to look for. Taking any 8+ pip candle just because it is in the open is a quick way to lose a lot of money.

yeah its not as simple as taking the first 8+ pip candle you see in the open of either market.....that's a recipe for trouble.

I prefer to stick to just the london and new york open as I've found these times tend to have more successful moves. Its a personal choice. I consider you the times you trade as one form of a filter.

As you get more experience, you'll learn to filter trades better. You'll see plenty of 8+ pip candles everyday on certain pairs. Only a few will work out.

The volatility on the GBP is just insane. 10 pips drops are everywhere.

That's the last time I'm using market orders.....switching back to limit.

I entered same trade at market price and got a bad fill at 1.5448.....slippage.

hehe I'm still here with ya Tony

I've worked at a proprietary trading firm in Canada for about 12 months. Getting in wasn't so hard as long as you can past their profile test in the interview. You only get paid by commission, so if you don't make money, you dont get paid. They were ...