Is this thread officially dead???
somebody post a chart!
somebody post a chart!
If you make money, does Oanda make money? 35 replies
EveryDay just need 10PIPS for make a living . 7 replies
Bulls make money, Bears make money. And Pigs get slaughtered. 12 replies
Everyday I make around 80 pips 33 replies
Short Term / Medium Term / Long Term? 3 replies
DislikedI was going to post Friday's chart, but since it was essentially all one big giant short, I'll wait until there is one a little more interesting and challenging. Enjoy the rest of your weekend girls!
MongolianIgnored
DislikedI've seen this video before. I do believe it was the Sunday before President's day probably 2008. It's still about the funniest damn thing I've ever seen.
http://www.thetrader.se/2012/05/07/s...er/#more-18217Ignored
Disliked
Framework:
Currency price action has natural support and resistance levels at each whole number, as well as each quarter level between whole numbers, AND the halfway point between each quarter level as well.Ignored
DislikedNever really looked at this however I've just put them on my chart and I see what you mean, I trade mainly using whole, half and quarter numbers, aswell as pivots.Ignored
DislikedFrom Mercenarytrader.com
Mercenary Creed
I. Thou Shalt Heed the Price Action.
The seasoned trader knows that “prices move first, fundamentals come second.” Conviction is my ally, intution my guide — yet only price confirms and validates. I know that charts, in essence, are simple abstractions… a complex interplay of forces, reduced to two dimensions in a tightly defined space. As a Mercenary I walk the middle path, heeding price action without deferring to it.
[b]II. Thou Shalt Respect the Risk....Ignored
DislikedI've used pivots in the past, but not too much these days, just wasn't getting that many trades off of them. Granted, the trades would be usually for higher pips, it just didn't really fit into my over scheme. Thanks for dropping in!Ignored
DislikedWell traders, figure I've slacked off long enough. Here are a couple charts. First one is just PA - big picture - 300 tick charts. Second chart is this mornings PA (US morning) through just now. PA doing what it does. Pretty nice looking in my humble opinion.
MongolianIgnored
DislikedMate good to hear from you!
I'm reading a book I think you would really love - Price Action Scalping by Bob Volman. He uses 70ticks and has about 7 setups that he runs based on PA around the 20EMA, candlestick patterns and box break/range break style trades.
I'm only a short way through the book but another trader I talk with is getting fantastic results with the approach.
So far I've been using it in combination with the 10ticks and levels discussed in this thread. Both charts together provide a really detailed look at PA and the 70tick chart...Ignored