Trading Made Simple

Quoting WDays

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This is me about to give up on currency trading, and move to a different market. This stupid central bank protectionism is killing forex quickly. I remember, when I first started, most pairs had 200+ pips ADRs, MO momentum was huge every time... Trading was easier. Right now, you have 70 pips ATR on GJ and are supposed to be extremely happy that you managed to get 50 to 100 pips off a pair like EURAUD/GBPJPY (pairs that used to move explosively back in the day) and still have to discern a good signal from all the choppiness that is going on most...

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Quoting Bizzzle

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{quote} My personal advise don't trade anything below the 4 hour chart, If you look at an average move on the 4 hour in them pairs they are at least 200-300 pips. The 4 hour its a lot easier you have time to take the trade and don't have to trade everyday to make good money Best of luck

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Quoting itsallover

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{quote} It is a different market WD and yes the ranges are much smaller. I've been tweaking the way I trade for God knows how long, and the market just keeps changing. I'm now on M15 and M5 and hope I don't have to go any lower. Stick with it WD and target smaller gains.

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Quoting WDays

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{quote} Don't get me started... It's just absurd, and I don't even know how long it would take for markets to go back to "normal"... You can still be consistent by trading very rarely and hope to stumble on the right setup and not just the next fakey...

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Quoting WDays

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{quote} I'm trying to trade in the direction of H4. EURAUD was taken because of a divergence on H4, TDI crossed on H4 and so on. I just timed it with H1. GBPUSD was mostly H4, a countertrend trade taken based on APB color change and TDI cross, entered on H1 as price went under the low of the last 5 candles, APB was red and TDI bounced... The whole issue is you have to wait forever, so I open and close trades within the day, targets are set using ADR most times... GU is 50 pips because usually, after a large move in one direction, follows one 1/3...

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Quoting Bizzzle

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{quote} Every day and every trade is different, why not try instead of opening and closing your trades everyday find the best set-ups on the 4 hour and hold your trades for 200-300 pips! An average SL on the 4 hour is between 50-100 pips so R:R is very good. My advise would be only take long trades above the MBL for longs and below for shorts.... Don't over complicate it! Best of luck

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Quoting emmanuel7788

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{quote} I am beginning to like your use of S&D zones. Those two price bars before that UPthrust bar did send an alert, price got pushed down lowrer with higher volume, that looks like someone is buying at lower prices, creating demand.

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Quoting WDays

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{quote} Thanks for the advice, I could try that I've stopped paying attention to the MBL lately... all I use it for is to know if I'm CT or not...

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Quoting lastingwell

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{quote} Put this on your chart as well and watch the reaction at the lines. {file}

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Quoting WDays

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{quote} Been a while since I last put that thing on my chart... Isn't it just as good as drawing S/R levels on your own?

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Quoting emmanuel7788

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{quote} It is still a tradeable market and we are all in the same market. That is why I look more at R and R-Multiple method rather than looking at the pips.

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Quoting lastingwell

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{quote}Judge for yourself but I think its far better and accurate.

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Quoting mkfx

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{quote} Hi emmanuel what is this R method? Thanks

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Quoting WDays

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I bailed on EURAUD btw, really didn't like those wicks... It's been 4 hours of slightly moving up followed by rejection... ..

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