I agree 100% with the recomendation of reading the thread, and I do think is very valuable
The Chonchy
USD/JPY Discussion 7 replies
NZD/JPY Discussion 12 replies
long eur/jpy, gbp/jpy, usd/jpy 11 replies
EUR/USD Bollinger Band Discussion 3 replies
Suidster's GBP/JPY Discussion 19 replies
DislikedThe breakout is determine by the power in the daily trend.....Ignored
DislikedChonchy,
(Dove, correct me if i'm wrong) I believe what dove means is that he uses indicators on a longer scale to have a gauge and/or expectation of market trends. shorter trends have more volatility.
The daily price action with the analysis on the 2hr and weekly charts will determine and serve as a validation of the day's strategy.
using slowk could be because it smoothens out the trendlines as compared to fastk which can show alot of spikes in the trendlines which maybe clouds the view?Ignored
DislikedChonchy,
(Dove, correct me if i'm wrong) I believe what dove means is that he uses indicators on a longer scale to have a gauge and/or expectation of market trends. shorter trends have more volatility.
The daily price action with the analysis on the 2hr and weekly charts will determine and serve as a validation of the day's strategy.
using slowk could be because it smoothens out the trendlines as compared to fastk which can show alot of spikes in the trendlines which maybe clouds the view?Ignored
DislikedClose - but my major daily trend is on the 1 hour in which there are two trends which represents the power of the trend as it makes its crossing during the trend..... The slow_k does help me to determine the trend in a longer scale from day to day.....Ignored
Dislikedthank you very much for the explenation, leachimeewg, I apriciate it.Ignored
DislikedClose - but my major daily trend is on the 1 hour in which there are two trends which represents the power of the trend as it makes its crossing during the trend..... The slow_k does help me to determine the trend in a longer scale from day to day.....Ignored
Dislikedthanks, that has given me abit more understanding.
I can only say that you make really amazing calls.
Question:
As you mentioned, you use the 1hr chart, does that mean that you do not look at any other timelines to substantiate your call?
For example. the 1hr chart could be diverging but on the m30 chart, its already 25% completed.
If you don't then you must be really focused on your calls.Ignored
DislikedI focus on the 1 hour for the trends. But my calls are off the 3 and 20 minute charts.Ignored
DislikedA lot of trader do not like the 3 minute chart and to a certain point, I agree.Ignored
DislikedBut when it comes to these pivots, the 3 minute is your biggest arsenal determining the movement in relationship with those pivots.Ignored
DislikedI make 150+ pips every day in this market - How about you?...... I'm not threaten by you or any one else for that matter......
God bless.Ignored
DislikedIf you open an account at Oanda for example, you can by units instead of lots.
And if you compound everyday just for 1 month at a leverage of 50:1 with an initial deposit of $1000.
After only 20 days of trading at 150 pips each day.
This is what happen.
$1,601.702
$2,565.443
$4,109.064
$6,581.485
$10,541.556
$16,884.397
$27,043.718
$43,315.889
$69,379.0010
$101,514.0811
$162,594.9912
$260,428.2213
$417,127.6014
$668,112.8215
$1,070,115.5816
$1,714,002.9617
$2,745,316.6818
$4,397,170.7519
$7,042,943.6220
$11,280,675.15
Are you making millions each month?Ignored
DislikedIf you open an account at Oanda for example, you can by units instead of lots.
And if you compound everyday just for 1 month at a leverage of 50:1 with an initial deposit of $1000.
After only 20 days of trading at 150 pips each day.
This is what happen.
$1,601.702
$2,565.443
$4,109.064
$6,581.485
$10,541.556
$16,884.397
$27,043.718
$43,315.889
$69,379.0010
$101,514.0811
$162,594.9912
$260,428.2213
$417,127.6014
$668,112.8215
$1,070,115.5816
$1,714,002.9617
$2,745,316.6818
$4,397,170.7519
$7,042,943.6220
$11,280,675.15
Are you making millions each month?Ignored
DislikedThis would not be correct if his system allows risking only 1% of the acct balance.Ignored