Recent content by tomorton

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    Smash Days in forex

    Sitting on my hands tonight. I wish Trump would sit on his.
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    Smash Days in forex

    Rule 2 significantly adds to the basic requirement of Rule 1. Now you're ready for a reversal of a swing leg not just after 1 isolated Close but a Close that was so far isolated it beat not just the last close but the last 5 highs as well. So this isn;t just an isolated bt pof volatility, it's a...
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    Smash Days in forex

    For people with less experience who might be tracking this thread, it's worth being aware of how your forex chart provider deals with the time period between the end of the US business day and the start of the next calendar date's trading. I am in the UK and use charts produced here. Most of...
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    Smash Days in forex

    Wednesday's Close - GBP/AUD short stopped out. I guess that's what happens when you take a position across major news events....... Trump seems to have thrown a spanner in everyone's plans. Right now I see only two Smash Day set-ups, EUR/JPY and USD/JPY, so I'm setting a buy order on USD/JPY...
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    Smash Days in forex

    Tuesday's Close - GBP/AUD short triggered. This position will run until it is either stopped out at today's High or it makes a profitable Close on 08/04 or later. The other two orders were not triggered today so they are cancelled. No new Smash Day set-ups today. No less than 10 of hte 28...
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    Smash Days in forex

    Mondays Close - GBP/NZD short was not triggered today so this is cancelled. Plenty of Smash Day set-ups printed today - almost all the AUD and NZD pairs, plus USD/CAD. Can't take all the trades, and as AUD and NZD mostly follow each other, a trade on both would double the risk on what would...
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    Smash Days in forex

    Your chart inadvertently demonstrates the differences between charts from different providers/brokers. Your chart shows a Close which is lower than mine and does not quite top the preceding bars' Highs. It's still the highest Close for 10 bars so the market might be said to be ripe for a...
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    Advice Against Using Indicators

    All three work on all time-frames and all have adjustable periods anyway. Don't worry you might pick the wrong one, that's not how they work. Pick your strategy first and then pick an inidcator if and only if that strategy demands an esential input from an indicator. Stick with that indicator.
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    Smash Days in forex

    Larry Williams developed the idea of Smash Days. It’s a day which smashes through yesterday’s range and reverses a whole bullish or bearish series of recent days. The set-up is simple and objective, the trade is easy to understand. The objective is to join a reaction move away from a new swing...
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    Advice Against Using Indicators

    You select the indicator most likely to be a good fit for the strategy you have selected, but there are only three common off-chart indicators - RSI, MACD and stochastic oscillator. Having done that, it is more important to continue to use that indicator with those settings than it is to...
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    Advice Against Using Indicators

    I advise against using them to pinpoint entries and exits - only as confirmation of market bias. I advise against using multiple indicators with the false idea that this forms a strong concensus. If a strategy really needs an indicator, that one indicator is enough.
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    I need help please :)

    Took my first look at Hyzon's share price chart just now. It immediately appears that nobody has wanted to buy and hold this share since February 2021. Price has fallen over 99% since then. In the same period, the company's index, the Nasdaq has risen over 50%. A lot of investors who are not...
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    Nasdaq100 - Buy high, sell higher

    Anyone jumping into this strategy from Friday morning would have had an interesting ride to say the least. Just to re-cap, if you had set orders at the available high and low daily levels immediately after my original post, you would have lost a couple of longs from Thursday and Friday for...
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    Nasdaq100 - Buy high, sell higher

    Hello all. This is a very simple spreadbetting strategy requiring only a short session at the NY Close using the D1 chart, and no technical or fundamental analysis as such. Rules - 1. Set a buy order at the high of the day, stop-loss at the low. 2. Set a sell order at the low of the day...
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    pull back

    You can't know that. But what you can know is that trends continue more often than they reverse and all trends have pull-backs. This gives you an edge, an opportunity. remember that you can set orders ahd of price, at a level which would indicate that the pull-back has failed and the trend is...
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