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Daily Trading Ideas

  • #1,981
  • Jan 6, 2019 3:12am Jan 6, 2019 3:12am
I donīt use indicators that much but as a reference. When setting indicators 1440 is a suitable number as it represents the total minutes in 1 day. 360 is also another good number as it represents total degrees in a circle. I would appreciate no questions as it is down to the trader to find out whether this is good or not for him/her. Just my 2 cents
POSTMASTER
  • #1,982
  • Jan 6, 2019 3:15am Jan 6, 2019 3:15am
Quoting Robinhood1
I donīt use indicators that much but as a reference. When setting indicators 1440 is a suitable number as it represents the total minutes in 1 day. 360 is also another good number as it represents total degrees in a circle. I would appreciate no questions as it is down to the trader to find out whether this is good or not for him/her. Just my 2 cents
Most indicators lag or repaint so if you find an indicator that does not then the numbers work better
POSTMASTER
  • #1,983
  • Jan 6, 2019 3:19am Jan 6, 2019 3:19am
1440 on a 1min TF chart is good but does not necesaraly have to be set on 1 min TF. On an hourly chart 24 (1440/60= 24)
POSTMASTER
  • #1,984
  • Jan 6, 2019 3:23am Jan 6, 2019 3:23am
Quoting Robinhood1
1440 on a 1min TF chart is good but does not necesaraly have to be set on 1 min TF. On an hourly chart 24 (1440/60= 24)
What indicators do u use for ur ta?
  • #1,985
  • Jan 6, 2019 3:26am Jan 6, 2019 3:26am
Inserted Video
POSTMASTER
  • #1,986
  • Jan 6, 2019 3:27am Jan 6, 2019 3:27am
Quoting blaze1
{quote} What indicators do u use for ur ta?
RSI is one
POSTMASTER
  • #1,987
  • Jan 6, 2019 3:29am Jan 6, 2019 3:29am
Quoting blaze1
{quote} What indicators do u use for ur ta?
Do some tests yourself on various indicators dont be lazy m8 . Maybe youīll find out something that suits you. Not all indicators are the same for all traders. It depends on caracter etc
POSTMASTER
  • #1,988
  • Jan 6, 2019 3:32am Jan 6, 2019 3:32am
Quoting 9jatrader
{quote} AUDCAD entry is not new entry. Learn how to trade. Don't get into trade because somebody else said he has taken the trade.
I was referencing another trade.
  • #1,989
  • Jan 6, 2019 4:08am Jan 6, 2019 4:08am
Quoting Robinhood1
{quote} {image}
very true.Wonderful observation.

They just assume we opened our laptops and became legends.

If i were to tell the world how much i lost to be here today-they would call me a lier,a scammer,and an attention seeker.
(i have seen people attend a trading seminar/class-and thought after the class they were eventually now ready to go make millions-like the person teaching that particular class.)
  • #1,990
  • Jan 6, 2019 4:20am Jan 6, 2019 4:20am
Quoting ColinFF23
{quote} I was referencing another trade.
Nobody knows whether the stock market is going to go up or down this coming week-not even warren Buffet knows this.

Free Piece of Advice:
The reason Most of newbie traders loose when the markets opens Mondays is due to looking at a charts on weekends.
Why?...Once you look at the charts-you automatically form up a bias mentality in your mind-and on Monday you tackle and approach price movement with a subconscious,bias mentality you picked up from your bad behaviors/habits of analyzing the charts on the weekends.

I REPEAT,NOBODY KNOWS WHETHER THE STOCK MARKET IS GOING TO GO UP OR DOWN THIS COMING WEEK.not even Warren can tell you this.

Don't move until the Banks move,a.k.a reveal their hand.
  • #1,991
  • Jan 6, 2019 4:20am Jan 6, 2019 4:20am
Quoting EXpRINCE
{quote} very true.Wonderful observation. They just assume we opened our laptops and became legends. If i were to tell the world how much i lost to be here today-they would call me a lier,a scammer,and an attention seeker. (i have seen people attend a trading seminar/class-and thought after the class they were eventually now ready to go make millions-like the person teaching that particular class.)
I too lost quite a bit. I once mentioned it here at FF and could not beleive the responses i got. I thought i was surrounded by robots.
POSTMASTER
  • #1,992
  • Jan 6, 2019 4:24am Jan 6, 2019 4:24am
Quoting EXpRINCE
{quote} Nobody knows whether the stock market is going to go up or down this coming week-not even warren Buffet knows this. Free Piece of Advice: The reason Most of newbie traders loose when the markets opens Mondays is due to looking at a charts on weekends. Why?...Once you look at the charts-you automatically form up a bias mentality in your mind-and on Monday you tackle and approach price movement with a subconscious,bias mentality you picked up from your bad behaviors/habits of analyzing the charts on the weekends. I REPEAT,NOBODY KNOWS WHETHER...
Traders can have an opinion but in the end the market will perform its way
POSTMASTER
  • #1,993
  • Jan 6, 2019 4:28am Jan 6, 2019 4:28am
Quoting EXpRINCE
{quote} Nobody knows whether the stock market is going to go up or down this coming week-not even warren Buffet knows this. Free Piece of Advice: The reason Most of newbie traders loose when the markets opens Mondays is due to looking at a charts on weekends. Why?...Once you look at the charts-you automatically form up a bias mentality in your mind-and on Monday you tackle and approach price movement with a subconscious,bias mentality you picked up from your bad behaviors/habits of analyzing the charts on the weekends. I REPEAT,NOBODY KNOWS WHETHER...
Investors like W. Buffet or Soros make millions because they buy large and hold. suppose they have means to know they are buying from someone(busness, group etc) desperate. they also have losses. I canīt see Soros at FF trading everyday. Some traders can make a living but no yaught or private planes
POSTMASTER
  • #1,994
  • Jan 6, 2019 4:33am Jan 6, 2019 4:33am
Quoting Robinhood1
{quote} Investors like W. Buffet or Soros make millions because they buy large and hold. suppose they have means to know they are buying from someone(busness, group etc) desperate. they also have losses. I canīt see Soros at FF trading everyday. Some traders can make a living but no yaught or private planes
Traders should not rely only on forex. Must have another source of income and be cautions not to over fund in Forex
POSTMASTER
  • #1,995
  • Jan 6, 2019 4:46am Jan 6, 2019 4:46am
Quoting 9jatrader
{quote} Already missed the daily bearish movement on USDCAD? Wait for either 4hr setup after the bulls advanced-setup below SMA or daily SMA after the bulls advanced. Am tracking this pair.
hi,
which sma period you meant? 20,50,100,200?
  • #1,996
  • Jan 6, 2019 5:08am Jan 6, 2019 5:08am
Quoting ColinFF23
{quote} I was referencing another trade.
Okay. On general practice when joining the bulls, your stop loss should be little below the low price of the last bullish candle that formed the setup. If you're joining the bears, your stop loss should be little above the high price of the last bearish candle that formed the setup. If you trade S/R breakout we have to be careful with stop loss. For support breakout the stop loss should be little above of the broken support. On the other hand, when trading resistance breakout, the stop loss should be little below the broken resistance. I hope these generally helps you and others who may still have stop loss question
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,997
  • Jan 6, 2019 5:11am Jan 6, 2019 5:11am
The reason of putting stop loss above the broken support is that sometimes the bulls advance strongly to test the broken support, And so if you're too tight with stop loss, it would be triggered so easily before going to your your direction again. Opposite is the case for trading resistance breakout
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,998
  • Jan 6, 2019 5:12am Jan 6, 2019 5:12am
Quoting EXpRINCE
{quote} very true.Wonderful observation. They just assume we opened our laptops and became legends. If i were to tell the world how much i lost to be here today-they would call me a lier,a scammer,and an attention seeker. (i have seen people attend a trading seminar/class-and thought after the class they were eventually now ready to go make millions-like the person teaching that particular class.)
anyone who calls anybody a scammer is the real scammer. If you tell the truth about your loses, they donīt like it because it can discourage traders from trading. If you do well they still donīt like it because they fear you could make others win. Broker trolls firms who trade against you donīt like this. this is my opinion. the best is make money , say nothing unfortunatley
POSTMASTER
  • #1,999
  • Jan 6, 2019 5:14am Jan 6, 2019 5:14am
Another thing we should know also is that when the candle that formed the setup is too big for our risk management level we should skip it. Don't think of taking all the available trades.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #2,000
  • Jan 6, 2019 5:15am Jan 6, 2019 5:15am
Quoting Robinhood1
{quote} Traders should not rely only on forex. Must have another source of income and be cautions not to over fund in Forex
Lol...i rely on trading alone my dear friend.

I occasionally come in here to see how the half lives.

I rose or came up from here...it would be a foolish idea to forget where i come from.
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