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  • #50,621
  • Oct 5, 2018 10:05pm Oct 5, 2018 10:05pm
so i hope this puts to rest all the griping cause now you all know what youre up against LOL
buy the rumor,sell the news
  • #50,622
  • Oct 5, 2018 10:11pm Oct 5, 2018 10:11pm
Quoting Lcky
{quote} Wow, Thanks a lot being in this forum is a precious since I know traders like you, Ata and so many other great people who are kindly advise and help newbabies like us that I am proud being among you all. thanks for the detail it is very helpful what I am currently doing is that I am using the trading view chart the free one which allow me only three free indicators, which I have already using the RSI, LWA, and cant use the Moving averages. what I do is I am looking at the yearly S/R and mark them with black color and then Monthly S/R, Weekly...

why dont you just download an demo mt4 or 5 and then you can use all the eas and everything? you can use the demo accounts forever
buy the rumor,sell the news
  • #50,623
  • Oct 5, 2018 10:14pm Oct 5, 2018 10:14pm
Quoting wasntme
{quote} why dont you just download an demo mt4 or 5 and then you can use all the eas and everything? you can use the demo accounts forever
Sounds doable thanks for good idea I will do.
  • #50,624
  • Edited Oct 6, 2018 7:49am Oct 5, 2018 10:20pm | Edited Oct 6, 2018 7:49am
When comes to account profitability, I have a mindset of an Investor.
Investor mindset cares more about the return.
While trader mindset is all about pips.

Investor care more about squeezing every pennies from the market. If the market is BE+ x pips, that’s already more than enough. Slow but surely it will be acumulated into a large amount.
If you go after pips, for sure you will be greedy which eventually you will/might widen your SL in order to keep the position alive and hoping it will hit your desired TP or pips.

Sometime I go for pips when my lot size is small.
I go for big money, when the lot size is >1 lot.

I hope I have explained what’s in my head clearly.. lol

Enjoy your weekend y’all
This is not investment/trading advise. Will not hold accountable for loss
  • #50,625
  • Oct 5, 2018 10:23pm Oct 5, 2018 10:23pm
Quoting wasntme
so i hope this puts to rest all the griping cause now you all know what youre up against LOL
Lol,, aint that the truth ,, wouldnt be suprised to see fx on some kind of regulated platform in the not overly distant future ,, ,, dropping all the leverage down in the regulated countries ,,, either that or just plain get the leveage so low everyone does switch to futures ,,, ,,hope your week was good man
  • #50,626
  • Oct 5, 2018 10:29pm Oct 5, 2018 10:29pm
Quoting digger1
{quote}Lol,, aint that the truth ,, wouldnt be suprised to see fx on some kind of regulated platform in the not overly distant future ,, ,, dropping all the leverage down in the regulated countries ,,, either that or just plain get the leveage so low everyone does switch to futures ,,, ,,hope your week was good man

moty might have some success then if leverage goes down
buy the rumor,sell the news
  • #50,627
  • Oct 5, 2018 10:35pm Oct 5, 2018 10:35pm
Quoting wasntme
{quote} moty might have some success then if leverage goes down
Assuming it’s true he can requests to lower his leverage....

IMO leverage doesn’t make you a better trader....
Leverage allows you to open less trades with significiantly lower size because it requires bigger margin in order to open a trade.
If 1:500 allows you to open 1 lot with $200, then with 1:100, you need $1000.
When you have $10k, you have 10 shots when use 1:100
But for 1:500, you have 50 shots to open trades and cover previous loses and win more....

That;s the power of leverage, it’s very very powerful.

Reminds me Spiderman’s uncle, with great power comes great responsibility

The repsonsibility is to keep the account floats above the initial deposit and never get Margin Call, better yet keep it breakeven as possible with little profit. If one could keep making breakeven over and over and earned little profit, he will end up with a much bigger profit... I have been doing this for ages....
This is not investment/trading advise. Will not hold accountable for loss
  • #50,628
  • Oct 5, 2018 10:40pm Oct 5, 2018 10:40pm
Quoting yousername
{quote} Assuming it’s true he can requests to lower his leverage.... IMO leverage doesn’t make you a better trader.... Leverage allows you to open less trades with significiantly lower size because it requires bigger margin in order to open a trade. If 1:500 allows you to open 1 lot with $200, then with 1:100, you need $1000. When you have $10k, you have 10 shots when use 1:100 But for 1:500, you have 50 shots to open trades and cover previous loses and win more.... That;s the power of leverage, it’s very very powerful. Reminds me Spiderman’s uncle,...

i understand....but someone that thinks they can make money opening a 1 lot with 200 dollars might as well put a gun to his head and pull the trigger
buy the rumor,sell the news
  • #50,629
  • Oct 5, 2018 10:53pm Oct 5, 2018 10:53pm
With good risk and money management, leverage should enable a trader have room for their trades to 'breathe' without being stopped out. One can have a leverage of 1000 and trade as if they had 100.
  • #50,630
  • Oct 5, 2018 11:28pm Oct 5, 2018 11:28pm
Quoting wasntme
thats why at the least you shouldnt bother listening to people here when they give up s and r levels or breakout levels cause each broker for whatever reason has different candles. could be their servers your isp and computer or just the stupid traders on that broker or some bugs on the platform or more likely a combination of all that or even skullduggery by the retail broker ( i wanted to put that in for the conspiracy crowd LOL)
Hy wasnt me, please dont spam your comment here that is not related with trading with EU. It bothers other newbie that is looking for signal. Thank you.
Profit growth tells you the trader ability.
  • #50,631
  • Edited 11:46pm Oct 5, 2018 11:30pm | Edited 11:46pm
Quoting Lcky
{quote} Wow, Thanks a lot being in this forum is a precious since I know traders like you, Ata and so many other great people who are kindly advise and help newbabies like us that I am proud being among you all. thanks for the detail it is very helpful what I am currently doing is that I am using the trading view chart the free one which allow me only three free indicators, which I have already using the RSI, LWA, and cant use the Moving averages. what I do is I am looking at the yearly S/R and mark them with black color and then Monthly S/R, Weekly...
Nothing wrong with what you have there ,, some very good levels marked ,,not always easy to know exactly what is happening at those levels from just an hourly chart tho ,,,, now you drill down to a M15 ,,, really dont have to go much lower unless you scalp every pip back and forth ,,,,, m15 you can see a day / a day and half alrite with out the chart being too messed up looking ,, now look for little things around a previous high or low from hourly chart ,, may start to see little recognizable price patterns ,, such as the inverted h&s patterns ,, mark the nearest support and resistance on the m15 ,, like where price got above the M1 200ema look at the patterns,,, even the feared nfp did what ,, spiked price to support and sent it to the previous high and at the end of the day a paltry 66 pips ,,big fiing deal ,,now if it keeps getting bought ,, what will you see ,,, more inverted h&s patterns ,, more bounces from support ,, less falling back from res may may just keeping pounding on res till thru not even get back to good support etc etc ,,, if it gets sold what will you see regular h&s pattersn ,,bear flag type patterns ,, price not making it back to res ,, price dropping thru previous support levels ,,,,, ,,chess match every day ,, piece it together like a puzzle ,,, starts with rollover ,,the 1st line in the sand ,, trades below daily open for a few hours after rollover slight bearish bias ,, above slightly bull bias ,,, asia will do its little 20 25 pip range ,,, still above or below the open ,, look for that to used as a res or sup point till taken out one way or the other ,,, then franki ,, sometimes fake sometimes not ,, then london ,, and probably what the 1st part of the days direction will be ,,, usa is just goning to spike it back towards the open then add to it or completely reverse it ,,,, what kinda price pattern,,,, bull flag ,,bear flag (aka trend line break steep or otherwise ) has been put in so far during the day ,, is it above or below the m1 200 ,, has it used it for support or res etc etc how many days once london has got a direction started does it just keep going that way till eod =end of day till you get to what around 60 80 pips or so,,,, or a weekly level or higher time frame important level sure you can kinda see the steps ,,, its a bit of everything thrown in with what you basically know for any given day ,,, the when to trade ,,, the how far it may go and when the action is going to die down ,,piece by piece put it togather ,,, find the better levels ,,trade said better levels collect your pips ,, on to the next day where it starts all over again with the 1st line in the sand , ,, same things from other charts I posted ,,, if you want to be greedy go with the mkt ,, such as where the yellow circles are ,, then when the next pop comes ,, your acct explodes ,,, not implodes ,,,, would highly recommend some practice 1st tho ,, start with the basics ,,, you have decent levels from your hourly chart ,,, now its just refining it down to what is actually happening at those levels on the hourly chart ,, as I ve have told my bud moty several times it does no good just to buy or sell because a level has been touched ,,, dumb to buy a mkt thats dropping ,,, dumb to sell a mkt going up ,,,little things like these patterns help one get thru the chess match everyday ,,, price patterns ,,flags the trendline breaks ,,steep ones usually after london and the best most active part of day as mentioned those things mean something .
Attached Image (click to enlarge)
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  • #50,632
  • Oct 5, 2018 11:56pm Oct 5, 2018 11:56pm
Great week end to all ,done, over and out lol try and enjoy the slow time ,,,, the charts are probably not gonna move ,,,cheers all
  • #50,633
  • Oct 5, 2018 11:57pm Oct 5, 2018 11:57pm
Quoting voketexpert
{quote} Hy wasnt me, please dont spam your comment here that is not related with trading with EU. It bothers other newbie that is looking for signal. Thank you.

hi vok...i dont know whats spam about that post, just trying to educate those "newbies" with reality if they think they getting correct datacause the discrepancies even go up to daily chart

https://www.cmegroup.com/apps/cmegro...rtMode=dynamic

check the oanda and cme

the last 3 candles on the chart
Attached Image (click to enlarge)
Click to Enlarge Name: daily.png Size: 41 KB
buy the rumor,sell the news
  • #50,634
  • Oct 6, 2018 12:09am Oct 6, 2018 12:09am
Quoting wasntme
{quote} hi vok...i dont know whats spam about that post, just trying to educate those "newbies" with reality if they think they getting correct datacause the discrepancies even go up to daily chart https://www.cmegroup.com/apps/cmegro...rtMode=dynamic check the oanda and cme the last 3 candles on the chart {image}
Yes true because every broker uses different liquidity providers and different tick data providers.

Solution to overcome this is use daily or weekly TF to find major support and resistance therefore it is good for swing trading.
This is not investment/trading advise. Will not hold accountable for loss
  • #50,635
  • Oct 6, 2018 12:26am Oct 6, 2018 12:26am
H4 EU in pivot seems in weak S/R
but lets see on manday,
Attached Image (click to enlarge)
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Profit growth tells you the trader ability.
  • #50,636
  • Oct 6, 2018 1:02am Oct 6, 2018 1:02am
Quoting fontu
{quote} May be but market should not that hurry yet to pay free to all, so rinse and repeat and unexpected range can expect, bull side than bear to waste more time around. Will wait for 1300 or better a new low to buy and buy for unlimited time perhaps. Waiting many years to buy here. 2 months may to wait apparently. Market going to close undecided as always do. So a bottom test or not up likely than a leg down to up towards 1.1551/80/92/1623/18 target to 1.1726.still can crush though as once for all down to all up, not expect but by 2 days many...
ok seeing chart.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURUSDH4.png Size: 47 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #50,637
  • Oct 6, 2018 1:19am Oct 6, 2018 1:19am
We had a baby boy today
MRMALIK1
  • #50,638
  • Oct 6, 2018 1:21am Oct 6, 2018 1:21am
Quoting mrmalik1
We had a baby boy today
, Have you got him a demo acct yet ,,congrats man
  • #50,639
  • Oct 6, 2018 1:40am Oct 6, 2018 1:40am
Quoting yousername
{quote} Yes true because every broker uses different liquidity providers and different tick data providers. Solution to overcome this is use daily or weekly TF to find major support and resistance therefore it is good for swing trading.
Solution to overcome this is use daily or weekly TF to find major support and resistance therefore it is good for swing trading.

yes and try finding the S and R using the line chart.

=
  • #50,640
  • Oct 6, 2018 1:49am Oct 6, 2018 1:49am
Quoting digger1
{quote} , Have you got him a demo acct yet ,,congrats man
Hahaha not demo lol....It's real
Thanks buddy
MRMALIK1
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