{quote} So, how do you get into a trade, market / stop order?
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Never use stop orders, only market entries. When you trade breakouts it's very important to catch momentum and see how candles move. Entries happen on breakouts if CCI confirm or on it's way to confirm and price move with momentum and there is no range candles with wicks on both sides. The best time is LO or LO+1 or 2 hours.
{quote} Thank you for faithfully keeping the thread up. When you enter on MACD divergence, how do you decide where to exit?
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I don't trade naked Divergences on MACD on H1. It's the way to analyze the big picture, i search entries on M15 with CCI and BOs.
If you want to trade naked Divs on H1, then you have to watch candle patterns and other PA. Entries could happen after pinbars and breaking out the hi/low of previous candle (but only if divergence is confirmed!), targets set on support/demand levels or depends on your R:R ratio, or exit manually depends on candle patterns and so on. Simple Price Action.
Interesting system Whatever. But one doubt. Before the candle is closed we cannot be sure that CCI will stay higher/lower than 100/-100. Should we wait for the candle to close?
Interesting system Whatever. But one doubt. Before the candle is closed we cannot be sure that CCI will stay higher/lower than 100/-100. Should we wait for the candle to close?
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Yes, that's right. CCI confirms only on a candle close, like any other indicator. So sure it's perfectly if we can wait until candle close and then enter after fully confirmation. But sometimes i enter before candle close when BO happen, if there is a good momentum. For that you should know behaviour of your pair and feel the right timing. But it's better to wait for the candle close. And never enter if price moved too far - it makes your SL wider and it's very dangerous to enter after big candle move, retrace can happen.
hello.today trades,just learning,I notice that gbpusd and gbpjpy had biger pip value then other pairs (correct me if I am wrong),if in eur usd for example I use 0,10 lots then for gbpjpy is better to trade with 0,05
Whatever witch pairs you exatly trade? I look eurusd euraud eurcad audusd audcad usdcad usdjpy gbpusd gbpjpy
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I trade EUR/USD, GBP/USD, EUR/AUD, DAX. Sometimes i take USD/CAD, Gold, JPY pairs.
AUD/USD is very nice and smooth pair, but volatility is very slow last years. My favourite is EUR/AUD - i traded this pair during last 5 years, it was perfect, but now it's not as good as before. GBP pairs are always more active and more volatile than EUR pairs, so have to be careful with them, especially such as GBP/JPY or GBP/AUD - i don't recommend these pairs at first, only when you learn them very well. Generally, AUD pairs are very good in tech analysis, they are pretty smooth and comfortable to trade. DAX is very very quick, have to be carefull with it too. And yes, pip value is different on JPY pairs or AUD crosses. So it's better to calculate it before and to determine what lot you need to follow your MM.
Monitor multiple pairs with ease. The same template applies to 5M and 15Min Charts. {image} {image} {file}
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Hi TFF
That's a very handy dashboard you have coded there. Could you possibly mod it to only show buttons for selected pairs and going right across the screen ? That would be regardless of screen width. I don't fancy trying to scalp all pairs but a selection would be great.
Many thanks for your previous effort and hopefully a new one. :-)
AltosT
Hi Whatever,
Nice idea, I just set up an instance to trade this next week. I am normally on 4hour charts but this is nice for some casual scalping. Thread is nice so far also. Am enjoying your input.
Thanks,
AltosT.
Hi Whatever, Nice idea, I just set up an instance to trade this next week. I am normally on 4hour charts but this is nice for some casual scalping. Thread is nice so far also. Am enjoying your input. Thanks, AltosT.
{quote} Hi TFF That's a very handy dashboard you have coded there. Could you possibly mod it to only show buttons for selected pairs and going right across the screen ? That would be regardless of screen width. I don't fancy trying to scalp all pairs but a selection would be great. Many thanks for your previous effort and hopefully a new one. :-) AltosT
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Try this one. Key in the desired pairs and play with the following parameters:
Seperate_window
Line1At
col1At
Have not tested it properly but it should work. Should also work with other than forex pairs. Need to key in the items exactly as named by your broker.
and everything will be ok.
.... NEW YORK opening gave one more possibility.
