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THE only Pattern

  • #8,821
  • Feb 8, 2019 10:29am Feb 8, 2019 10:29am
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ITB - Seeing Orderliness amongst 'Randomness'
  • #8,822
  • Feb 8, 2019 1:25pm Feb 8, 2019 1:25pm
Where was ensale last couple of days?

Probably made a fortune trading DAX - just look at that lovely trend!
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  • #8,823
  • Feb 8, 2019 7:39pm Feb 8, 2019 7:39pm
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ITB - Seeing Orderliness amongst 'Randomness'
  • #8,824
  • Feb 8, 2019 8:32pm Feb 8, 2019 8:32pm
reminiscing the 70's ......... the last man standing ......
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ITB - Seeing Orderliness amongst 'Randomness'
  • #8,825
  • Feb 8, 2019 10:32pm Feb 8, 2019 10:32pm
Quoting jmtini
Where was ensale last couple of days? Probably made a fortune trading DAX - just look at that lovely trend! {image}
HAha I wish , am abroad atm. Although did sneak a trade or 2
It's in fear when people show what they truly value.
  • #8,826
  • Edited 5:10am Feb 9, 2019 4:53am | Edited 5:10am
Quoting ensale
{quote} HAha I wish , am abroad atm. Although did sneak a trade or 2
Phuket? Seychelles? Hawaii? Don't blame you at all - enjoy your holiday!

Must say I like trading the DAX although I didn't trade it yesterday, was concentrating on CAD but what is great about trading index is no commission and very low risk!
  • #8,827
  • Feb 9, 2019 5:05am Feb 9, 2019 5:05am
Quoting JvD3
{quote} That seems to be a good alternative for news traders, have a seperate account where you play the news, ideally with a broker that allows good leverage and has negative balance protection. This way you can play relatively safe

Yes I'm going ahead with that plan next week. Very little downside especially with the account balances that I play with! Witha $40 balance one can use 1 mini-lot ($1 a pip) and on a good news break (like the CAD one yesterday) 80 pips is quite achievable which would actually treble the balance. One could then bank the $80 profit and start all over again

With the Tickmill account you can get 500:1 and also they have negative balance protection which is vital of course if the trade goes against. I am not punting Tickmill though because I have a lot of gripes against them (I think they often take the opposite side of the trade), however is there a perfect forex broker out there? I doubt it
  • #8,828
  • Feb 9, 2019 6:54am Feb 9, 2019 6:54am
Quoting jmtini
{quote} Yes I'm going ahead with that plan next week.
Wow bags all packed ready to go wuthin 24 hrs. Wish you a safe journey.
ITB - Seeing Orderliness amongst 'Randomness'
  • #8,829
  • Feb 10, 2019 6:15am Feb 10, 2019 6:15am
Quoting Inthebox
{quote} Wow bags all packed ready to go wuthin 24 hrs. Wish you a safe journey.
Thank you

Unfortunately I don't have your patience or the ability to handle the occasional hefty drawdown! At least with all or nothing one knows where one stands within a few seconds!!

As a matter of interest are you allowed 500:1 leveraged accounts if you live in Singapore? I know that in the US the maximum is 100:1
  • #8,830
  • Feb 10, 2019 6:23am Feb 10, 2019 6:23am
Quoting jmtini
{quote} Thank you Unfortunately I don't have your patience or the ability to handle the occasional hefty drawdown! At least with all or nothing one knows where one stands within a few seconds!! As a matter of interest are you allowed 500:1 leveraged accounts if you live in Singapore? I know that in the US the maximum is 100:1
Hi JM,

In this part of the world, we can get brokers that allow up to 500:1 leverage. But personally I don't set such a high leverage as it is too risky for me.
  • #8,831
  • Feb 10, 2019 10:26am Feb 10, 2019 10:26am
[quote=jmtini;11984393]{quote} Thank you Unfortunately I don't have your patience or the ability to handle the occasional hefty drawdown! /quote]

Myself use 50:1. But to each his own, whatever suits your personality. Since you are trading in lower time frame, you already have margin call as stop loss in that plan. So it's alright
ITB - Seeing Orderliness amongst 'Randomness'
  • #8,832
  • Edited 8:36pm Feb 10, 2019 6:22pm | Edited 8:36pm
the psychological struggles of slow moving monday asia session m1 scalping.
will illustrate later whether win or lose.
edit: have to go out. will run until whichever side exits. it's ranging now.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #8,833
  • Feb 11, 2019 5:02am Feb 11, 2019 5:02am
Quoting Inthebox
the psychological struggles of slow moving monday asia session m1 scalping. will illustrate later whether win or lose. edit: have to go out. will run until whichever side exits. it's ranging now. {image}
Yes, mixed picture

I traded the news and picked up 15 pips on GA - no brainer that GDP would be down - but I forgot to open up that second account so only traded a micro-lot!

Anyone else trade the news?
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  • #8,834
  • Feb 11, 2019 5:39am Feb 11, 2019 5:39am
Quoting jmtini
{quote} Yes, mixed picture I traded the news and picked up 15 pips on GA - no brainer that GDP would be down - but I forgot to open up that second account so only traded a micro-lot! Anyone else trade the news? {image}
Do you trade right at the release? I haven't found the right broker for that yet but i trade the reaction ~10-15min after
  • #8,835
  • Feb 11, 2019 6:28am Feb 11, 2019 6:28am
Quoting cdb07d
{quote} Do you trade right at the release? I haven't found the right broker for that yet but i trade the reaction ~10-15min after

No problem with my broker - spread stays OK until a few seconds before the news break.

Yes I trade the release - obviously it's a gamble which is why we were discussing the strategy above. Because I had not opened the news trading account yet, I had to trade micro-lot.

Have to say though that this morning's GDP release was a bit of a damp squib
  • #8,836
  • Feb 11, 2019 6:33am Feb 11, 2019 6:33am
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ITB - Seeing Orderliness amongst 'Randomness'
  • #8,837
  • Feb 11, 2019 6:47am Feb 11, 2019 6:47am
Quoting jmtini
{quote} Anyone else trade the news? {image}
negative gbp news. sold but on retracement to day open.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #8,838
  • Feb 11, 2019 7:34am Feb 11, 2019 7:34am
Quoting Inthebox
the psychological struggles of slow moving monday asia session m1 scalping. will illustrate later whether win or lose. edit: have to go out. will run until whichever side exits. it's ranging now. {image}
the sale was taken because of impulse wave down and yesterday's low was broken.
if the mind remained focus on m1 rr 1:1.5 it may turn out fine. there were even more than 3 chances of break even.
finally the loss was taken when price remain above day open.

however if one were to look at h4, there was no signal candle to sell. so this may be a good filter for scalping.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #8,839
  • Edited 11:31pm Feb 11, 2019 11:05pm | Edited 11:31pm
frankfurt
atm aud strong. finding weak currency to pair.
cad too.
ITB - Seeing Orderliness amongst 'Randomness'
  • #8,840
  • Feb 12, 2019 12:46am Feb 12, 2019 12:46am
london
atm aud cad strong. eur gbp weak.
ITB - Seeing Orderliness amongst 'Randomness'
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