COT : the precious data ignored & FX investing: mid/long term ideas
DislikedSame info for the same time frames so they're the exactly the same, candles are just more visual.
And I still don't get it! it's okay tho, it'll click eventually.Ignored
Dislikedjust how to trade on price action in general. It seems about as blind as darvas box trading. no biggie.Ignored
DislikedYou'll get it...you just need to understand the meaning of each candle related to each other.
You know ..all the higher high higher low higher close...lower low..etc..
It ain't that hardIgnored
DislikedI don't think japanese candle formations apply as much in the currency world though, there aren't gap ups and downs as often which many of the strong patterns look to.
You have skype by chance? It would be interesting to discuss.Ignored
DislikedI'm curious to find out how many people out there trade with no indicators.Ignored
Dislikedfor the people that trade price action only, do you use bars or candles for your chart?
I've been a full time stocks day trader and have been gradually switching to forex for some months now, and it is just unheard of that someone would trade a fully naked chart. So, in other words, I'm interested! Fill me in, I'm reading that price is everything thread.Ignored
DislikedI'm curious to find out how many people out there trade with no indicators. I'm sure a similar thread has been started before, but I doubt they asked who uses NO indicators to trade with.
Personally I only use trend/support/resistance lines, and every time I try to use an indicator I find that it clutters my charts too much. I've also found that when I chart an indicator I rely on it too much (almost completely).Ignored
Dislikeddon't mean to offend you, but just seeing your charts made my stomach churn a littleIgnored
Dislikedactually you are overanalyzing the trades...they are simple 1-2-3 trades...
price makes a high, retraces and moves back to break the high...
entry is at the break of high...stoploss is below retracement low, TP is equal to retracement...
personally, I use 20pips SL and 20pips TP with some discretion...that is, I may set the SL below a support if it is nearby...or I may take profit if price is approaching a round number...Ignored
Dislikedhahahahah I saw that change! And don't worry, rationality is my existence. Reason and logic are king... and humbling yourself when you just don't know.Ignored