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  • #181
  • Jun 20, 2019 11:41am Jun 20, 2019 11:41am
Quoting Hutch
{quote} You can always trade on a daily chart. It takes less than 30 minutes a day. Of course you need a good strategy. You can find many on the new metals mine site but there aren't enough. Here is an easy one that works on any asset. An MSN commentator stated that when gold breaks $1,400 it will quickly go to $1,700. {image}
Our first metals mine site plug - nice one!
  • #182
  • Jun 20, 2019 11:43am Jun 20, 2019 11:43am
Quoting infinitus
XAGUSD weekly looks very bullish in the moment when the scenario on chart evolves keep in mind: some have counted the sideways movement since the low as triangle, which has already finished. After that an impulse down for wave 1, then (now) up in wave 2 zigzag. A sudden drop for wave 3 would certainly surprise many. comparing this with Gold, the second scenario seems to be more likely, because gold has already reached its first targets so, in Silver I stay cautious {image}
Normally I trade silver but gold is hot these days. We can all learn more about metals on the new metalsmine site. Here is my daily system.
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  • #183
  • Jun 20, 2019 12:32pm Jun 20, 2019 12:32pm
Quoting GearZero
Hey FIT. After sometimes of understanding your idea. ive found some pattern in the chart below They are about weekly reversal (from the first week each month) and daily reversal from (every monday each week) The GREEN ARROWS mean profit predictions The RED ARROWS mean loss predictions What do you think about it? i havent tried to combine them with fibs. This is a raw idea from me. EUR/USD Weekly Chart {image} EUR/USD Daily Chart {image}
Your system looks good the only problem is that the EURUSD doesn't move much. Take a look at the new metalsmine site and you will find a few systems like this one. Here is mine. The EMAs are 10 and 21. All indicators can easily be found. Of course no trading on flat markets.
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  • #184
  • Jun 20, 2019 12:52pm Jun 20, 2019 12:52pm
Quoting RaviKiran
Hi, Came across this new strategy, Wish every one will find one which should be suitable to their own appetite {image}
Looks like you're using 12.5% Shift Renko Bricks. Do they move too fast to enable you to enter into a trade?
You may wish to look at the metalsmine site to find strategies. Here are mine to trade gold. Daily and $1 Renko Bricks.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Gold $1 Renko Bricks.png Size: 18 KB
  • #185
  • Jun 20, 2019 1:10pm Jun 20, 2019 1:10pm
If you want to trade metals you might want to check the sister site of FF called metals mine where you will find some systems. Here is one of mine with $1 Renko Bricks for gold.
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  • #186
  • Jun 20, 2019 1:24pm Jun 20, 2019 1:24pm
>
Quoting Hutch
{quote} I agree with you. Unfortunately, many traders will be caught up in the hype and will end up losing money. I was highly criticized for promoting the new ...ine site but at least metals are real since you can touch them and this is not the case for any so called crypto currency.....
while trading crypto is always expensive. We all live and learn but we can only hope that the learning process will protect us from fraudsters />
Hi Hutch old pal 🍻🍻

Unfortunately, while u agree with me i disagree with you 😱😱😱🙉

Metals... Ok. Real. But where do you use them?? i mean YOU?
Where do you store?
Gold vault takes 1-2% fee.

Trading crypto ?👍👍😱

Will be cheaper than lighting a cigarette
Just wait 1-2 year. DEX are coming .

Also - forgery .
Gold is easy to fake .👎👎😨
Bitcoin 😂😱👍👍👍

Good day today . 9300 area.💰💰💰😂👍
2-3% up. I wonder if that's because FED cutting rates ...soon
Beware of robber banks (RB), bad advisors.
  • #187
  • Jun 20, 2019 2:52pm Jun 20, 2019 2:52pm
No I don't trade gold at all, although I wished I might have in the last few weeks. The MM tip was just a PSA for Twee,,,,,
"If The Fool persists in his Folly he will become wise." - William Blake
  • #188
  • Jun 21, 2019 10:18am Jun 21, 2019 10:18am
Quoting johnnybegood
When is the EUR/USD the quietest? What are the hours when it is ranging and moving sideways? Thank you!
I no longer trade EURUSD because the ATR is too low so it really limit your chances of profit. For example the 10-day ATR is a bit less than 62 pips. If you were to time your trading at the bottom of the range and close the trade at the top of the range it would be unlikely that you would make more than 62 pips. Since time is money you don't want to spend all day trading for a measly 62 pips. On the other hand if you use high ATR pairs such most of the GBP pairs and my favorite the USDDKK you get a lot more opportunities to earn a serious number of pips. As you can see on the chart today's ATR is 348 pips. If you want to diversify your trading you might take a look at the new metalsmine.com site that is run by the same people as FF. Have a nice weekend.
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  • #189
  • Jun 21, 2019 10:35am Jun 21, 2019 10:35am
Quoting CarlosNorb
Undoubtedly, Forex trading is not a main source of income on the rise for most of us. This option appears as an additional way of making money for those who want to make things better. When I first heard of Forex, I was working for the company as one of many employees with the fixed schedule. Obviously, I wasn’t confident that it would work out for me to earn money by trading currencies. Hence I focused on part-time trading which allowed me to stay in the comfort zone to some extent. It was only later that I have realized that the best way of getting...
The best way to start is to choose a currency pair that will not ruin you. The best is EURUSD since the average daily range is less than 62 pips for the last 10 days. Of course you seriously limit your potential profit with such a low range. The biggest problem is that most people think that they can make the same profit trading with a live account as with a demo account. After you know how to trade properly you might want to trade metals. As for me I like to trade silver because it ranges a lot as you can see on the picture. You can find more information on the sister site of FF that is called metalsmine.com
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  • #190
  • Jun 21, 2019 11:06am Jun 21, 2019 11:06am
Some brokers are better than others. I like to trade silver because it ranges more than gold and is less risky. If you trade gold/silver you might want to look at the new metalsmine.com site. What is better trading silver or gold?
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  • #191
  • Jun 21, 2019 11:12am Jun 21, 2019 11:12am
Quoting followthroug
I read their previous legal documents and the current, why i chose them is because they explain everything in details in their documents, i like it since its transparency Yet im still thinking about Cayman Islands, never had any experience with brokers overseas anywhere other than US and Australian brokers!!
Best Canadian brokers are Oanda with a million CAD$ guarantee and Questrade with a 10 million CAD$ guarantee. If you trade gold/silver they also have decent spreads. Please take a look at the metalsmine.com site. Have a nice weekend.
  • #192
  • Jun 21, 2019 11:23am Jun 21, 2019 11:23am
Quoting Not-KPMG
>{quote} Hi Hutch old pal Unfortunately, while u agree with me i disagree with you Metals... Ok. Real. But where do you use them?? i mean YOU? Where do you store? Gold vault takes 1-2% fee. Trading crypto ? Will be cheaper than lighting a cigarette Just wait 1-2 year. DEX are coming . Also - forgery . Gold is easy to fake . Bitcoin Good day today . 9300 area. 2-3% up. I wonder if that's...
It's better to store gold in private vaults (outside the US) unless you want to take the risk of having the Gov confiscate it as was the case in 1935. You can also buy gold certificates but I don't trust any of the companies promoting them since I'm sure the value of these certificates is in excess of 10 times the value of the physical gold they hold. Have a nice weekend all
  • #193
  • Jun 21, 2019 11:34am Jun 21, 2019 11:34am
Quoting TheSpoof
I trade with Vantage FX and Dukascopy. My leverage is 1:100. You can trade with anyone that will accept you since it isn't against any sort of criminal law. The issue is simply brokers that have an IIROC license must abide by the rules set forth by the licensing body if they want to keep their license. I was an Alberta resident so based on the Alberta's overlord's rules I couldn't trade Forex at all with a Canadian broker (I didn't meet the requirements) so I found ones that would accept me and then I eventually left the nanny state of Canada. I...
You can get a 1:100 leverage with OANDA if you are considered a professional trader and forego the guarantees of CAD$ 1,000,000 in case the company goes bust. Did you try the new metalsmine.com site for hints on how to trade gold/silver?
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  • #194
  • Jun 21, 2019 11:39am Jun 21, 2019 11:39am
Quoting Hutch
{quote} The best way to start is to choose a currency pair that will not ruin you. The best is EURUSD since the average daily range is less than 62 pips for the last 10 days. Of course you seriously limit your potential profit with such a low range. The biggest problem is that most people think that they can make the same profit trading with a live account as with a demo account. After you know how to trade properly you might want to trade metals. As for me I like to trade silver because it ranges a lot as you can see on the picture. You can find...
LMAO, was waiting how you will get the connection done to metalspam...
seriously hope FF.com paying you well, bcos you are making a clown out of yourself for all this spamming!
there is always, always another trade!!
  • #195
  • Jun 21, 2019 11:43am Jun 21, 2019 11:43am
Quoting clemmo17
Obviously gold didn't drop from 1310 to 34 in just a few minutes. I don't see this spike anywhere else. However it stopped out all my trades, wiped out my account, and left me with a sizeable debt. Stops were in place. I suspect this was a personal attack from my broker to get me to go away after making such large profits in recent months. Am I just being paranoid? {image}
Only way is to trade with reputable brokers that have insurance in case they go bust. The best are in Canada followed by the UK and Cyprus. Some will even give you a nice leverage. If you trade gold the new metalsmine.com site provides very good information. Have a nice weekend
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  • #196
  • Jun 21, 2019 12:01pm Jun 21, 2019 12:01pm
I'm an American and have an account with OANDA Canada since 2006. As you know it's now illegal for Americans to trade with any broker located outside the US but, fortunately, that rule wasn't in place in 2006. The best is that the guarantee in case OANDA Canada goes bust is CAD 1 million and in the US it's a big ZERO. Have you looked at the metalsmine.com site yet?
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  • #197
  • Jun 22, 2019 4:22am Jun 22, 2019 4:22am
Quoting Hutch
{quote} The best way to start is to choose a currency pair that will not ruin you. The best is EURUSD since the average daily range is less than 62 pips for the last 10 days. Of course you seriously limit your potential profit with such a low range. The biggest problem is that most people think that they can make the same profit trading with a live account as with a demo account. After you know how to trade properly you might want to trade metals. As for me I like to trade silver because it ranges a lot as you can see on the picture. You can find...
Hello Hutch,

I looked on metalsmine.com but couldn't find your system/indicators. Could you post or tell me where you got those two indicators in your lower screen?

Thanks!
  • #198
  • Jun 22, 2019 9:12am Jun 22, 2019 9:12am
Quoting oblong
{quote} Yep never give up, will continue on demo account for at least 3 consecutive months and feel I have system before I go in with real money again. Already learnt that painful lesson. Lack of preparation and not cutting trade at lose, went against my brain telling me to cut it. You just know but i choose to ignore.
It all depends on what you trade. Trading EURUSD is good for two reasons. First the ATR is low, less than 62 pips in the last two weeks, so losing trades will not kill your account unless you trade bigger lots than you should. Second the spread is the lowest of all pairs so it's easier to make profit. Please take a look at the metalsmine.com site if you want to diversify into trading gold/silver. The advantage is that the ATR is high so you get a lot more trade than trading EURUSD. It was over 3000 yesterday.
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  • #199
  • Jun 22, 2019 9:18am Jun 22, 2019 9:18am
Quoting logicpoints
some traders despise EA but imho you just need to find the right one. this is mine. not for sale though. still in RnD phase. price action based martingale. aiming at higher pip counts instead of opening new post at a defined fixed pipstep. {image}
If your EA works on metals please post it on the new metalsmine.com site as there are not many EAs there. Have a nice weekend
  • #200
  • Jun 22, 2019 9:27am Jun 22, 2019 9:27am
I got burned too many times trading fundamentals based on news. Trading high ATR pairs such as the GBP pairs plus silver/gold works for me. Please take a look at the new metalsmine.com site and you will see that most metal traders are adverse to fundamental analysis because of the downside. In any case I'm ready to see gold above $1,700 by the end of August. Have a nice weekend.
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