the only time frame that matters is daily. the rest are just for fine tuning
4% A Day Forever 1,432 replies
an EA that worked forever 29 replies
Forever Demo Account 9 replies
Dislikedthe only time frame that matters is daily. the rest are just for fine tuningIgnored
DislikedSome do lundu00.
You are best off with a true ECN broker where the broker doesn't have a dealing desk so they can't hunt your stops.
Stay away from FXCM they are terrible for stop hunting at times, especially when you are a profitable trader.
Just my opinion from experience.Ignored
DislikedSome do lundu00.
You are best off with a true ECN broker where the broker doesn't have a dealing desk so they can't hunt your stops.
Stay away from FXCM they are terrible for stop hunting at times, especially when you are a profitable trader.
Just my opinion from experience.Ignored
DislikedEURGBP
Not strictly protocol but this was a 30min Ts/Ks cross but I timed the entry on the 15min chart. I should add that I am not usually willing to trade breakouts because of the nature of price in the markets to trade inwards of these areas but it was the 3rd hit of the 0.8422 area and trend was down indicating a likely breakout.
Took half off at +15, leaving the rest to run.Ignored
Disliked
I am always wary of brokers offering money back and giving you money to join them as this cannot translate into lower spreads.Ignored
DislikedNot the greatest momentum move ever. Got stopped out on the remainder when it moved above the Ks for a massive +2pip profit.
However, the DAX was very profitable today:Ignored
DislikedNot the greatest momentum move ever. Got stopped out on the remainder when it moved above the Ks for a massive +2pip profit.
However, the DAX was very profitable today:Ignored
DislikedNot necessarily as it is an advertising/marketing aspect.
A lot offer loss covers but some traders go ballistic on these and start using a lot of leverage. Fair enough, the get their loss back after the promotion period ends but then lose their account shortly after. If more than 50% of the traders lose with the broker then the broker wins automatically whether they have zero or low spreads if they take the other side of the trade. 50:50, then they get all the spread money.
Really, DMA is the way to go even for trading currencies but it's not...Ignored
DislikedGranted that cashback etc is a marketing expense however I just look at the spreads those brokers offer and they are never great.
The reason I suggested LMAX is that they can be used by people with smaller account sizes and still achieve very competitive pricing. Trading the bigs on the futures market or currenex for most traders on FF is financially out of reach in my opinion.Ignored
DislikedHi All,
I may have an opportunity for a couple of people provided they can satisfy the criteria that my company needs.
http://www.forexfactory.com/showthread.php?t=279795
I posted this a little earlier, if any of you are interested please let me know as spots are limited.
Thanks
4x.Ignored
DislikedHi 4xAddict,
I'd like to seek your views on my demo trading on EURUSD today. I long EURUSD today based on the following rationale:
Daily - price above cloud. Chikou above price curve
H4 - Chikou pointing up.
H1 - Chikou pointing up, price trading in the cloud & Tenken above Kijun.
M15 & M5 - all 3 conditions met.
So I refered to M1 chart to enter position, which I marked with a purple vertical line. Unfortunately, the market went against my position. Could you please help review my trade? Thank you!Ignored
DislikedHi Lundu00,
Your summary of what is happening on each chart makes sense however I think you may have run into trouble because of the way you are viewing the relationship between the other time frames.
Cheers.Ignored
DislikedThanks very much for taking the time to explain in detail to me. It now makes sense.Ignored