"Hi Peter,
yes, i personally would not use this on such a high timeframe,at least not for entries, but I wouldn't trade any system off daily charts,100-150pip stops is not my thing I think 1hr would be the max I would take it to. I was just…"
Indy's Page
Latest Activity
"Hi Peter,
Something I have been experimenting with lately is using linechart/candlechart combination to address the ,when is a break a break? when is a rejection a rejection?' question. simply using the 2 in combination to create a…"
"Hi Talisman,
The interesting thing is that this s/r line was basically expanded off the same 2 points that were used to draw the trendline from the original post, only diffrence is candles gave a trendline, linechart gives a s/r line, just a bit…"
"hello everyone,
just wondered if anyone has been watching the big picture on a linechart setup? everything so far is candles.
regards
Indy"
"Hello Market analyst,
so are all 3 of the trades shown in the initial chart still open?
just curious
Regards
Indy"
"Hello Daologic,
I do not actively trade with ichimoku so forgive me if this is a stupid question, I am just curious about your comment that ' if the Chikou span will go under 1.5260 then I will feel sorry for GBP because there will come a…"
"Hello everyone,
Maybe I am missing something here, but if people want a way to verify their results in some sort or 'big balls' challenge, if you go on the fxstreet.com webpage there is the 'trader of the year' demo…"
"1,3260"
"While I am here,
Regards
Indy"
"Hi Guys,
Yes, Absolutely no reason why people can't have one chart with lines and one with candles, as they can give different perspectives on the action. Just as switching timeframes can give a different view. some things can be very obvious…"
"Hi Waqar,
sure UK situation is not great, but where is good atm?
the question is, if you were an institution with $100million where would you rather have your money?
eur, usd, gbp or jpy?
maybe chf, aud or nok?
how about Gold?
If gbp is going…"
Market 26 april 2013
"Hi guys,
I watch 9 pairs, 5 main pairs and 4 additional. the reason is that I am sort of halfway between scalping and intraday. I try to scalp my entries but I do not chase every 10pip move, I try to wait for intraday entry areas where I might…"
"Racket?
Tennis and trading?
Indy"
"Hi Jasmine,
Very good question, when does a high actually become a high? not just a bump in the move, when is a rejection a rejection? I mean at what specific point?
I don't have the time to do an answer to this but you may have just…"
Profile Information
- About Myself
- an improving fx trader who wants to improve some more
- Trading style
- daytrader
- Current Broker
- alpari
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Indy's Blog
Entries determine losses but exits determine profits
Posted on April 13, 2013 at 11:00pm 38 Comments 4 Likes
Hello everyone
I was just wondering if anyone wanted to talk about exits as I am of the opinion that 'Entries determine losses but exits determine profits' and for me a discussion of exits would be the most helpful. Unfortunately I do not have a really good answer to this exit question which is why I am asking. most of the blogs etc talk a lot about entries which is what most people worry about. which is also logical as the entries are what determine losses but as it is the…
Continuependant trading dicussion
Posted on March 15, 2013 at 10:09pm 24 Comments 4 Likes
Hello everyone,
I haven't been too busy on here lately so thought it may be time come in and talk about what I am working on atm and a few other general trading things. I actually was in Peters blog http://www.forexstreet.net/profiles/blog/show?id=3252082%3ABlogPost%3A477681&xg_source=activity&page=1#comments earlier today so that i could log…
ContinueHas the Eur/Usd trend changed?
Posted on February 21, 2013 at 9:44pm 10 Comments 3 Likes
Hello everyone,
The eur/usd has had quite a big selloff this week and I see around the internet lots of people chattering about wether this is a trend change or not. with a split between the 2 opinions it can be a bit confusing. I am not going to answer this question but I am going to suggest an exercise that people can try if they want.
its quite a simple one. The aim of which is not to give you any trades but just to help you take a step back for a minute and look at the…
ContinueTrend or counter trend?
Posted on September 21, 2012 at 11:17am 24 Comments 2 Likes
Theres been a bit on here lately about trend trading, personally I have never been a big fan of the labels trend following or counter trend trading.
A short time ago I took this trade, I'm not going to say much right now, (I'm a bit busy trying to trade ATM and unlike our favourite posters here I am no good at blogging and trading simultaneously, I don't know how they do it). but heres a few charts to look over, I would be interested to hear some comments.
I'll come back later…
ContinueComment Wall (3 comments)
- At 11:17am on October 20, 2011,
Peter jcp said… - HI Peter - welcome and notice you are from UK - let us know how its going etc and speak to you soon - regards Peter
- At 5:53pm on October 21, 2011, Peter jcp said…
Hi Peter - Know the feeling - i wasted my first 2 years getting lost and not knowing how i wanted to trade. After I went full time about 3 yrs ago i have had more success shrt term trading - ideally after 7-25+ pips and trying to take 5-10 trades a day. The key Peter is studying live charts and watching time frame changes especially every hr - which can lead to the "bouncy ball" effect. I do swing and even scalp off monthly candles - but only on lot lots - but i scalp for 10-15 mins at key times for those 7-25 pips with bigger lot sizes - You will get there - but you will need patience and effort and loads of practice to become profitable every day.
Speak to you soon in chat - have a good weekend - regards Peter
- At 2:39pm on November 27, 2011, Peter jcp said…
Hi Indy - here is one link worth looking at - http://www.onlineforextrading.com/forex-tools/forex-charts
I personally feel you need to try at least 3 different trading platforms to see which type you like.Also please always use a minimum of 2 platforms ideally getting their feeds from different sources - so that if one platform freezes - you are aware from the other. As a day trader a platform that freezes a lot can mean you miss 3-10 mins + of info and price might have moved 30 pips against you without you knowing.
All reputable large broker paltforms are ok - but by having a second one you can have differeent set ups avaialble and you may have other indicators taht are not shown on the broker platform.
I also suggest you google a list of all free and professional sets ups like E signals and Intellicharts pro - and then try and get 7-30 free trials.
Intially you will want to keep it simple - but a syou progress the correct broker platform etc will be important for your trading and for your success. Good luck on trying a fee and as of today I use GFT uk Dealbook 360 and also intellicharts pro set ups. - regards Peter
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