yep, the big picture (weekly) shows we're at the 618 retrace, PA points to a higher high but we're in the middle of that circled congestion area. My shorts will start at 1.135

Not taking anything away from you're analysis, I enjoy it but the oscillator channel seems to resemble a triangular MA band, not sure if it is but a tri MA band will always curve fit the data because of the way the MA is calculated.

July 10, 2013, everyone was waiting on the break of the big head and shoulders pattern, market does what it does best, fooled them.

Wow! Memories of the past. Sugar was my 1st trade ever, pretty much where it's marked 1980 I went long. 1st account blown and I learned almost immediately a new term "limit down" , couldn't even get out of the contracts. Now at least you can ...

Any coders here know how to getComputerName within MT4. The stuff I've googled using #import kernel32.dll hasn't worked yet. Thanks

I've had trades that go 1000 pips after I close for 50 . At the same time, I've had trades that went 1000 pips against my entry ( which is why you need stops). The best way I've figured out to handle your situation is to close 3/4 of the ...

wow! so you had a 1 to 10 risk reward. Assuming you had 1% risked then you were up 10% at some point. Being a newbie you probably had way more % at risk, you had a big gain at some point, foolish not to take some off. ALL MY TRADES are at least 1 to ...

When you originally entered the trade, where was your target? Where was your stop? 20 pips away, 5, 10? If your stop was 20 and you were up 100 pips then your reward was 5 times your risk. Foolish (greedy) not to have taken some off. Markets don't ...

man, that's a serious battle going on in USD/CAD. Lot of tears shed by both longs and shorts getting whipsawed.

I can recall trading the crash of 1987 when the dow lost over 20% in one day, 9/11's crash was nothing in comparison, point wise 9/11's was bigger but not % wise

the biggest use of global vars for me is in my stops. I like to have tight stops but when I place my stops in MT4 they always seem to get picked off. Maybe I'm paranoid but to fix this I have a EA that just does Stop loss/ Targets. When the bid is ...

Gator, This is the way I use global variables. In my EA's I define my important variables (money management vars) as global which means they get saved to the hard drive not in memory so that if my computer reboots or crashes in the middle of the ...

What's the box size of your renko? I generally use a 16 & 32 pip box size Thanks

Thanks Ken_A and Ill_be_back. Between your two answers I was able to correct my calcs so that my calculated margin matched what I actually used. No more surprises for the CAD/??? pairs. Appreciate it again. The base pair is basically 1/(USD/CAD) so ...

Hey all, Can someone help with the formula for calculating margin requirement for CAD/CHF? My account is dollars, any pair I trade with CHF requires 5% margin. I know how to calculate USD/??? and ???/USD and most crosses, I just don't know when CAD ...

Until you can actually trade and get that price nothing is reliable

mbtrading.com allows this. I didn't have any issues during the chf problem but they did raise margin. They are ecn also

While I'm a long term bear and only trade long term charts, today's daily is hard to ignore. We're above the long term trendline, a higher high yesterday, a higher low this morning and more importantly someone just keeps pumping it. So a stop below ...

The real issue is you couldn't make 1 decision on when to stop out of your trade. Now with this hedge you're trying to create you have to make 2 decisions, when to close one side and when to open the other. Making 2 decisions is not going to be ...

Can't say people don't learn stuff here "abattoir" Translate from: French abattoir Definitions of abattoir noun a slaughterhouse. "Once in southern Europe, many animals are slaughtered in abattoirs using methods which are illegal in Britain." ...