I would like chatroom also. Can someone help me? I am new here.
Disliked{quote} spread widens is typical , monday open euro with my broker was 200pips so 17 pips stoploss was a loss ----- wider the betterIgnored
Disliked{quote} This exactly right! Very good explanation on the topic! Still, if a broker trades against all clients trades, the broker will be very, very profitable... Following few bad traders might not work as well as following all traders' trades. Surely, if one can do that, one will become very rich, very fast...Ignored
DislikedHow reliable is moving average ? Here I used SMA 365 on D1. See the screenshots and difference between two brokers. What do you think ? Why is this diference ? What is more reliable SMA or EMA ? {image}Ignored
Disliked{quote} When a price is below average, what does that mean? When a price is above average, what does that mean? When you see price come up to, go under, and bounce back off a moving average, what does that mean? When you trade forex, you can go both ways. What does that mean? What does a moving average indicate? You tell me >Ignored
Disliked{quote} Yes, indeed there are issues. As an indicator of FV, however, they are quite useful as training wheels because they do line up often quite reliably with FV. FV is however better articulated by price action, and for doing that - horizontal lines are actually better and more accurate than moving averages. To that end, you could say that moving averages are useless, but I tend to find that they help ease the visualization process - even though they are simply an indicator and not accurate at all. I also think EMH is a load of bull.Ignored