Joined Mar 2009
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Status: Just visiting
|12,891 Posts
Whoa I love forex. so exciting.
crashed through the the trendline.
Got a few pips...
put tp right at the trendline in case it just tested and fell back..
Just before market opens and closes, the brokers go stop hunting..
Joined Mar 2009
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Status: Just visiting
|12,891 Posts
In with a buy on the pull back from the spike... but considering now that the spike may have been brokers going stop hunting just before London close which was in 3 minutes. My joy may have been premature..
All these considerations have to become like second nature to me before I can trade real money..
Joined Mar 2009
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Status: Just visiting
|12,891 Posts
Today is my worst nightmare day.
I'm so thankful this is not real money...
This is the 5 minute. and the 15 minute.
I just need to accept it that these lower time frames will be churning around the 400 and going flat for a while...
Joined Mar 2009
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Status: Just visiting
|12,891 Posts
One very important thing I am overlooking is MACD.
If macd hsitogram is below zero do not buy anything
If macd histogram is above zero do not sell anything.
Lesson hard learned today.
How to buy a top...
Joined Mar 2009
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Status: Just visiting
|12,891 Posts
Same technique, closing outside bands and then inside bands
but just using the 400 instead of the 20
This is the 1 min..
I'll be trading this tomorrow.
On several pairs.
Joined Mar 2009
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Status: Just visiting
|12,891 Posts
Two basket trades today and both profitable.
I'm sure there will be a basket that goes against me.
But this is the third one this morning that is looking good.
1 min. 400 bb
profit target net gain $10..
There are 9 positions so I have to net at least $3 just to pay for fees and commissions.
Joined Mar 2009
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Status: Just visiting
|12,891 Posts
The strategy doesn't have to be perfectly right all the time. Forget that. It ain't gonna happen.
But if it is good enough to give me an edge, that is enough.
Being right more times than being wrong means net gain...
Money management and position sizing can greatly magnify that net gain.
Joined Mar 2009
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Status: Just visiting
|12,891 Posts
Hate to step away from desk but....
need to take rest for a little while.
It's not vps... so hope there isn't a power failure...
the ea won't be able to close the trades if there is.