Gravity goes both ways in forex...
Trading is this Simple? Finally Explained simple and clearly! 46 replies
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DislikedI kept out of it. I am not sure in these cases whether to take the bounce or look for the break out. As such my trades are mostly on the pullbacks at the moment.Ignored
DislikedHey Billy Nice thread. Sorry for the basic question but I take it the best time to trade the DAX is during the London session?Ignored
DislikedI thought it would be. I work during the London session. I really wanted to give it a go. Have you used the 12 second charts with Forex? I typically trade 5 minute charts with Forex but the 12 second charts look interesting.Ignored
DislikedDon't look to first trade... I took it from 3 renko after TL bounce.. The next two trades are important. ) My bias was long.. from many reasons, ascending TL bounce, 9700 bounce, 50 FIB, HDIV on 5renko etc... so the only option was to go long.. I wanted to give your style chance so I had to go to 1p renko to pinpoint. I also wanted to close it earlier but momentum was strong. So I decided to close it on 9750level. Anyway I'm glad you have your own thread even though in commercial section. {image}Ignored
DislikedHi! I have followed your threads and you are incredible. Even tho i have read all post i still dont understand how you use your bais or change bais for that matter. I thought if price is over a pink line then your bais is long if the 30min chart shows a bullish trend(HH HL). But why did you change your bais at a local white line like the chart you posted. Why didnt you change bais again at the red circle. It was a breakout to the upside. Whats the difference?. {image}Ignored
DislikedI must admit I'm still closing trades way before they get to the purple line. When I check the charts later it is quite amazing how many times the closed trade goes on to hit the line. I know I am not maximising my profits but I guess this will improve with time. It is starting to work though!Ignored
DislikedBilly Where did you learn your scalping methods. Any books or websites you can recommend.Ignored