Thanks dentist for all the encouraging words. I have duplessis book and I am reading at the moment. I have an a/c with IB and to trade EUR.USD on their ideal pro is $2 per pip and I have made some trades there-though not profitable but I am coming nearer, Who else will allow me $1 per pip? Thanks
osho my own opinion...read all the book first.make sure you understand it.then practice a bit the crux being that you are tracking the pice....so does the chart look right ?? how does it co-ordinate with higher and lower box sizes..that is what needs to practised then just break it down into bullish and bearish parts using 45 degree trendlines fx brokers that take $1 a pip ...igmarkets,dukascopy,cmsforex,there are many others incidentally,the new bullseye can take data from ib
s500 index hourly data..10 points by 1 reversal#euro downgrades have not had too much effect on the index there is a major supp area 1270-1280.the top two trendlines being close together.if that breaks then 1250 trendline area
nasdaq100 index hourly data 12 points by 3 reversal the latest breakout has not pulled back could be vulnerable
a closer look at the latest break on the nas 100 same box size 1 reversal now we can see trendline supports and the previous breakout point
Hi Osho you can trade fx in micro lots.20 cents a pip.a few brokers do these the one thing with p/f is that you must not be trigger shy you do need to use bullseye for charting.so that does mean a few mouse clicks to get the data into bullseye...but well worth the extra effort...imho my own experience is that you will have an edge..how do i know this ?? well i use a couple of chat rooms from time to time and i see what other people are saying who use candlestick and bar charts so...look at the chart does it look right ?? if not or you want some confirmation,then adjust the box size or reversal this is why i prefer duplessis book against the dorsey book.dorsey only talks about 3 box reversal.really for short term trading 1 box reversal is the key...imho
Thanks for your suggestion for 1 box reversal. I have tried 2 box reversal but today I will definitely try one box as well. Quote tracker gives p and f charts but they donot have perfect square boxes so 45 degree trnd lines are not possible , I will look into bullseye broker as well. I have send you a p.m
s500 index 30 min data 5.00 points box size by 1 reversal. close data..chart is from 23 november a very smooth uptrend...mind you it did not seem like that.i had to keep in the back of my mind an irresitible urge to go short..so just kept to the chart signals,which was buy the dips
s&p 500 index 2 hourly data input 8 point box size by 3 reversal at this point the latest break looks like another fake.no retrace to find supoort as yet looking vulnerable now