MY AUDJPY trade would be sitting at 80 pips right now, I closed it at almost that now it is back down there.
--NM
--NM
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DislikedLOL good to know, I had to change a few bars not long ago but not that many what folder does it store the data in?
--NMIgnored
Dislikedon mine it's C:/user/acer/AppData/Local/VirtualStore/Programs/metatrader
and then you have a folder history in there and in that one you should find all the saved history data. Just delete the history file for the pair and time-frame with the bad bars and metatrader will automatically download that one again.
If it's not the same folder, just search for metatrader, and then look for some weird folder like the one I wrote down above.
best regardsIgnored
DislikedHi Coolshades,
The entry on that pair was not a long term trade I was after a whopping 40 pips based on the momentum breakout, I atually re-entered that after it got back down to my orignal entry which happened pretty quick, and my TP was just short of the previous days low, for 78 pips. During the Asian session I am very reluctant on any pair to take a trade for the long haul. That was the reason I took that trade and the fact that it had bounced off the daily resistance level reinforced the position. I had a very small lot size on that pair....Ignored
DislikedI think cool shades was asking why a counter trend move.
NM, I think you mentioned you have been trading this system for a while and I just wondered if you had noticed before whether trends seem to go a little stale in January after the holidays?Ignored
DislikedOh ok maybe I misunderstood the question. I am not really sure this is a counter trend move, it actually has bounced ooff resistance that has been in place since October, I personally think the trend is changing but thats just me and only my opinion and I could be wrong.
And yes I have noticed that, the trends seem to get a little sluggish right after December, and really until about the 3rd or 4th week of the month then they start picking up again.
--NMIgnored
DislikedHey 70 pips is 70 pips no matter what, you will have more profitable weeks I am sure, this method is pretty solid has a good win to loss ratio.
Here the 2 charts, the setup and the trigger, normally I like to see at least a 2 or 3 bar pull back but sometimes especially during this session you just do not get it, so I had to go with just the one bar pullback.
--NMIgnored
DislikedNM - THANKS for posting charts and answers last night. Sorry, I am just now replying as I got sick last evening and just now getting back to the forum. Did not want you to think I did not appreciate your time and help.Ignored
DislikedNightMoves...
I'm confused...isn't the trade on this chart going the wrong direction? It looks like the 4H is in an uptrend.Ignored
DislikedYou are correct on the 4 hour chart and direction, but it bounced of of a resistance that has been place since October, and since that bounce it has created lower highs and lower lows on the 4 hour chart and that is what prompted to take that tread, I was originally going to hold until the bottom blue line and hit that line but I missed it and did not get it closed.
Then I re entered the trade after it bounced back and then just followed it for while and then I set my TP and it got hit, I followed long enough to move SL to BE and it looks like...Ignored
DislikedI am not sure how many of you are aware that there is a new bill proposed to reduce the leverage from 100:1 to 10:1. here is what it means:
All figures listed below are for one mini lot (10k) and taken from an FXCM (US) mini account.
Current Margin Requirement in USD:
EUR/USD: $160
USD/JPY: $100
GBP/USD: $180
USD/CHF: $100
If 10:1 leverage proposal goes into effect:
EUR/USD: $1,600
USD/JPY: $1,000
GBP/USD: $1,800
USD/CHF: $1,000
These are the amounts which would be required just to open one position. Not included are any additional...Ignored
DislikedThey won't stop until all the free market is crippled or destroyed.Ignored
DislikedI know what you mean, there is an email where you can voice your objection to this, This is just rediculus in my opinion.
--NMIgnored
DislikedCan you give the e-mail so I can pass it to all my friends? It's government interference that got us where we are today anyway...the bastards.Ignored
DislikedHi NM
I am currently working my way through Hectors course. It is well worth the cost and thanks to you I found this system. My only slight moan is, it is all video based which is great, but I do sometimes like to read through the written text. You mentioned you had a pdf document of this system, would you be willing to share it?
thanks again for starting a very informative thread.
Andy_GIgnored
DislikedI am not sure how many of you are aware that there is a new bill proposed to reduce the leverage from 100:1 to 10:1. here is what it means:
All figures listed below are for one mini lot (10k) and taken from an FXCM (US) mini account.
Current Margin Requirement in USD:
EUR/USD: $160
USD/JPY: $100
GBP/USD: $180
USD/CHF: $100
If 10:1 leverage proposal goes into effect:
EUR/USD: $1,600
USD/JPY: $1,000
GBP/USD: $1,800
USD/CHF: $1,000
These are the amounts which would be required just to open one position. Not included are any additional...Ignored
DislikedSo as not to distract from this thread, I won't go into details or editorialize (although I want to). I will say killing the hedge was first and leverage will not be last.
Consider an overseas broker. Some are very strong and stable. More than one is in the process of or already has become a bank, increasing safety.
This is separate from voicing your opinion to your elected officials or administrators in charge of writing policy.
The saying...
When life hands you lemons..... applies.
Have a good weekend,
BRIgnored