Hi Cemilfx, this looks interesting but, what about stoploss? you have some loss as low as 1 pip, and I don't believe you have a stop loss of 1 pip, so how do you manage loss trades?
Hi Cemilfx, this looks interesting but, what about stoploss? you have some loss as low as 1 pip, and I don't believe you have a stop loss of 1 pip, so how do you manage loss trades?
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ş was using an ea to enter trades farter. i just dont like buy amd sell buttons of mt4. its called one click precision (which wasnt necessary) so this ea does when you get in trade it automatically puts sl and tp.
over all you dont need sl or tp. abt 1 pip stop loss. i when the jumps not returning back i move my sl to 1-2 pip. bc if my jump trade is wrong and if it can jump to other direction 1 pip sl is nothing.
Congratulations on your engagement. I wish you many years of bliss. In my understanding, Forex Spot market is tied to Forex Futures. During the "Fix time", (after NY close) the Futures Market suspends trading. I "think" the actual time it is closed is 17:30 to 17:45 NY. During 17:00 to 18:30, spreads on US brokers, tend to be much higher then other times. Even though Forex Spot market remains open during "Fix" time, brokers, in effect, are guessing where prices will be adjusted to. If I have any of this wrong, I apologize.
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i thought and tried to solve this a lot. maybe this is whats is all about.
if i can only have my history data back.
when i try to analyse if it has to do anythnig with 23:15 price some pairs are well adjusted to it but some pairs are not. so i can never be sure.
Thanks for this system. I would like to ask a few questions. Do you close your position or personally this indicator? How much do you see? How many points do you think you are going to be in minus? You probably have some virtual things that I let you lose. As for the chain itself with this system, I see with the indicator that you are not sure at what time it is best to trade with it. You should probably let it run for 24 hours to work in very small positions, so you can examine the time at which it works best. I think this is one of the ways to find out when it works best. Thenks.
Hi Cemil this also happens on pivot points, I know some traders who scalp when prices spikes up and touch R1 for example they sell and close very fast. This requires some practice of course.
Joined Jan 2008
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Status: French Trader
|895 Posts
Hi rajancr
I don't understand what you mean on your charts.
1/ What's your GMT time ? your broker ?
2/ Could you explain exactly how you trade during the good time ?
Thx.
Hi rajancr I don't understand what you mean on your charts. 1/ What's your GMT time ? your broker ? 2/ Could you explain exactly how you trade during the good time ? Thx.
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My friend,
0/ No trading on MONDAY 1/ GMT 21 to 22 is the trading time
2/ draw FIBO from GMT 20:30 to 21:00
3/ take decision to trade against the direction of 20:30 to 21:00
4/ place your order @ 0.236 or 0.764 level
5/ SL @ 0.000 or 1.000 level. also consider nearest round numbers of 0.236 or 0.764 level, select the most comfortable one
6/ if order @ 0.236, TP is @ 0.764 and vice versa
this is only a probability to trade
remember..... only the RISK will give REWARD so TAKE IT....
{quote} My friend, 0/ No trading on MONDAY 1/ GMT 21 to 22 is the trading time 2/ draw FIBO from GMT 20:30 to 21:00 3/ take decision to trade against the direction of 20:30 to 21:00 4/ place your order @ 0.236 or 0.764 level 5/ SL @ 0.000 or 1.000 level. also consider nearest round numbers of 0.236 or 0.764 level, select the most comfortable one 6/ if order @ 0.236, TP is @ 0.764 and vice versa this is only a probability to trade remember..... only the RISK will give REWARD so TAKE IT....
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OK ... it's not exactly the first rules but it's interesting.
On September 14, your trade is working (SELL) but for only 4 pips...it's not enough.
IMO , you need to be in front of your screen and look at the chart.
The moves are not in the history.
