torero

I see what you mean. TS provide tick charts, so I can use that to measure volume, best we can do I suppose.

I'm watching this rally for possible short here. I wasn't here to see the first drop but no support is near by, so why not?

It's harder to judge on smaller timeframes, yes you're right about the lower lows, let's see how it goes here. This area is congested so I'll wait for a clear breakout to go either way.

I just realized that you have volume on eurusd chart. Is this from tick charts or where are you getting this data?

Like tex, things are not very clear right on many pairs, except EURUSD. They seem to coiling up and wait for some news to release and bang, out the gates they go. I'm flat since this morning and don't see any tradable setups at all. Don, I see a different picture with EURUSD here, a double-bottom above 50% retracement, including a small HnS from smaller timeframe, all looking bullish to me. But I respect your decision and I could be wrong myself. I'll see how it goes for a setup.

Not sure what GBPUSD is doing right now, but I see an interesting pattern moving about in EURUSD, an inverted head and shoulders, it's at the neckline now. I'll be watching closely for this play.

I like that wishing phrase, think I'll adopt that motto. Yes, it's tough to sit on one's hands and watch it ride without you but it's better off in the end because many don't imagine the opposite scenario may occur: exit is door is farther than expected or worse, not even visible when the trade turn sour. I think chess players would make great traders, but they can envision the scenarios before the move is made. Imagine if we can do that to manage our risk before leaping.

Of course, I see you as an expert. I just see someone who knows more than me . Back to anchoring, when is the moment to anchor the entire feeling (emotional state and attitude, etc), when the trade is taken or when the positive results are seen, that is anchor at the entry or anchor at the exit? Which is more important?

Great explanation on your work PP, what do the green x's mean?

Hi mnkc, TS is good but 99$ a month might be not what you want if it's too expensive. It comes with all the historical data you need (as long as the existance of the stock), including tick (1 yr max). As for the other, there is MetaTrader that is provided by many forex brokers to demo for free, but it's only for forex pairs. I learned plenty from this site: forexfatory.com I think there is Wealth-Lab Technical Analysis, Charting and Trading Systems, I believe it's free but not sure about the historical data. I heard it's pretty good. Good luck and let us know how it goes.

Held it overnight and finally got stopped out from 50 pip trailing. I'm going to tweaking my trailing stop, 30-35 pips would be sufficient I believe.

I'm sure I (and possibly we) can learn from you on anchoring successful mental attitudes with certain physical cues. I'm very new and don't know how long it takes for things to work. Also, do affirmations and self-talk work?

Decided to take a chance after seeing a higher low and on the first small breakout action. Let's see if it can take it higher, I'm giving this baby a bit of room to maneuver so placing my stop below a major support area. See how it goes.

yes, tex, it's gotten better and faster, but there are days, it'll act up. Soul harasses programmers constantly to get the site to hum like a ferrari, but once in a while it hums like a FIAT LOL! I see the major resistance here, but it's trying to finish off the rest of the bull stops before going higher?

Excellent chart, tex, and glad to see you back! No wonder it's been hanging around this area for so long. We'll see if it can hold or start lifting.

Excellent advice, Emile, I didn't think anyone were using it. The only other reference I learned this from (no forum mentioned it) from Vic Sperandeo. Do you practice often?

I usually for volume when it nears resistance and support areas to find weakness or strength of the trend. If a stock has been moving up quite a bit and getting near a major resistance fast with high volume. I'd be cautious of this price action despite common sense teaching of high volume price up is good. Chances are it will bounce because increasing volume can be shorts are in or bulls are taking profits furiously at the same time new bulls are buying as well. High volume up price is valid only when it's breaking through the resistance already at least once. If the high volume has been steady then I won't consider this to be the case, only when it noticed in last 2-3 bars that I would consider it a potentially good resistance. Downside is a bit different, high volume going down might pierce it because when the large mass is screaming sell, I'd not step in without clear signs of prices turning up or sideways (stampede can hurt). That's how I interpret it.

It's at the Asian Low and just below 50% retracement, let's see how it takes this support.

You have any tricks, sayings or affirmations you want to share, soul? I'm actually looking into using it. Right now, I'm working on Anchoring techniques and I've come up with a few ideas to get my attitude and mind in proper state before trading day begins.

wsam, how's the liquidity? fills are quick even on the bid or ask?

slippage or spread is 1 tick and sometimes 2 ticks in fast markets for ES, NQ, and ER2, but YM not really sure.

It's curious to find some prop firms are so focused on a particular market or sector or a trading methodology. There's no room for creativity? Of course, that's also disastrous in itself but you know what I mean.

hi nsitt, do you trade forex? it's about as even as anywhere else I believe. You see what everyone else sees

So how do they recruit traders? There is no criteria to filter the potentials from the wannabes (or the will-never-bes)?

Much better now. Lately I've been getting hung after posting. Now seems much better. Thought you weren't a coder?