Disliked{quote} You can check for swap information directly in MT4 by right clicking on the currency symbol in MT4 then left clicking on specification. {image}Ignored
Thank you I did not know this its very useful
1
- #25,302
- Feb 14, 2019 2:05pm Feb 14, 2019 2:05pm
- Joined Nov 2009 | Status: You are what you is | 1,962 Posts | Online Now
Quoting lev10 {quote} You can check for swap information directly in MT4 by right clicking on the currency symbol in MT4 then left clicking on specification. {image} Thanks for the information. it seems that some brokers really show this in MT4. I made a table for quick reference, but in a short time it is possible to memorize these directions. *********** o a n d a ************** {image}
Porta itineris dicitur longissima esse
{quote} I recommend not shorting CJ and not buying EC Both pairs should be traded one direction until major R/S EC should be shorted and CJ should be long.Better let market makers do the heavy lifting.This will make more sense once you understand value of positive swap. So what I do if I like a pair to long like CJ NJ AJ I let the market drive it down then I buy at +swap with better positions (read larger lots) When you look at weekly chart there is obviously lot more room to go up so its imperative your direction should be buy on dips.Trend is...
After really taking some time to look at the charts on these pairs on multiple time frames and setting and thinking about the amazing knowledge Davit just shared in these words. I must confess It took me a minute to really let it sink in and wrap my head around it totally.
First both of the trades that I was posting about shorting CJ and buying EC would have made some pips positive but Davit advised me not to do either so I flat out didn't take them because what I have been doing for years has let me down over and over as my account has been a YO'Yo for years up down up down. To be totally honest my old self would have been mad that I sat on the sidelines and watched these trades go in my expected direction thinking I had missed out and was right. But instead I let that go and started to really want to see why Davit would be willing to not take those trades and his WHY behind doing so. So I went to my charts on these pairs and really tried to see the reasoning behind it .... THEN
I totally had an Ah ha
momentThere is always a bigger picture in trading what Davit was pointing out was that while I may have made some pips on those trades in that direction the bigger picture shows those were not the safest and most profitable entries for me to do so. At any point if you are not correctly aligned with the bigger picture (and your bigger picture can only have 1 unified single direction bias) that everything you were in profit can quickly and most of the times will be taken away from you in a heart beat. YOU can't be both a BULL and a BEAR at the same pair at the same time. Just like in life you have to stand for something and stand up for what you believe in. You Damn sure better do the same in FOREX or you will be eaten alive.
It has totally changed how I will be looking at the markets and what trades I will be placing. Taking the time to open you mind by asking WHY.......
instead of closing it off and staying stuck in what has not worked for you will only keep getting you the same results
DOING THE SAME THING OVER AND OVER AND EXPECTING A DIFFERENT OUTCOME !! Is the definition of an IDIOT
- #25,307
- Feb 14, 2019 3:12pm Feb 14, 2019 3:12pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote} After really taking some time to look at the charts on these pairs on multiple time frames and setting and thinking about the amazing knowledge Davit just shared in these words. I must confess It took me a minute to really let it sink in and wrap my head around it totally. First both of the trades that I was posting about shorting CJ and buying EC would have made some pips positive but Davit advised me not to do either so I flat out didn't take them because what I have been doing for years has let me down over and over as my account has...
I hope I made some difference and that's all I strive for.Help people make money.
Your progress is evident
.
In trading, you have to be defensive and aggressive at the same time
{quote} Thank you
You have differently made a huge difference in my trading and in my mental approach to trading in just the last 2 weeks. I am starting to get a clearer picture of the markets and now I am trading not just taking entries as I have been for so long.
- #25,315
- Feb 14, 2019 10:34pm Feb 14, 2019 10:34pm
- Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,089 Posts | Online Now
We obey the structure that results from the market's reaction
- #25,318
- Feb 15, 2019 12:44am Feb 15, 2019 12:44am
- Joined Jun 2010 | Status: Trader | 1,509 Posts
Hi, Can someone explain in our template ADR cases, what is the condition for entry ADR level? Thank you.
- #25,319
- Feb 15, 2019 1:14am Feb 15, 2019 1:14am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #25,320
- Feb 15, 2019 1:16am Feb 15, 2019 1:16am
- Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,089 Posts | Online Now
We obey the structure that results from the market's reaction