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What's the tool that helped you most in trading?

  • #21
  • Feb 10, 2020 11:32pm Feb 10, 2020 11:32pm
I follow the price wherever it goes and that is the key for me.
  • #22
  • Feb 10, 2020 11:58pm Feb 10, 2020 11:58pm
Eyes aka TA or understanding market structure.
Brains aka experience and knowledge of market behaviour and economics, knowing when to cut losses etc etc (this one's the most important.)
Guts aka actually pulling the trigger on trades and having confidence in your decisions not getting out of a winner to early.

And finally LOGIC aka common sense.
  • #23
  • Feb 11, 2020 5:42pm Feb 11, 2020 5:42pm
Quoting Aboutera
Hello! What's the tool that helped you most in trading?

Microsoft Excel. Without question. Hands down. I've never seen a better tool for market data exploration. You can design anything in Excel. The problem with Excel is that it was not built for streaming data. I wish Microsoft would go back and change that.

In fact, I wish Microsoft would develop Excel for Traders and include built-in agnostic connectivity to the Broker of your selection along with FIX Protocol support. That would change the game for me.
  • #24
  • Feb 14, 2020 1:44pm Feb 14, 2020 1:44pm
When I first started, I used the Snagit Capture program to take screenshots and make notes on my charts. I took a screenshot when I got into a trade of the 5min, 15min, 30min, 1hr, and Daily charts and did the same when I exited.

It really helped to actually see if a trade was actually worth getting into, and I would often see that it would have been better to wait on another timeframe or something. Nothing like having to actually justify WHY you got into a trade (and WHY you exited a trade) when you did.....
  • #25
  • Feb 14, 2020 10:22pm Feb 14, 2020 10:22pm
Quoting Aboutera
Hello! What's the tool that helped you most in trading?
FerruFx's eyes.
All you touch and all you see, is all your life will ever be.
  • #26
  • Feb 14, 2020 10:36pm Feb 14, 2020 10:36pm
Skype...

Connected me with Dave from Florida, Kevin, Zoltan,George, Pete...best advice I could ever. give ....link up with people and chat!!
  • #27
  • Feb 14, 2020 10:44pm Feb 14, 2020 10:44pm
Quoting Aboutera
Hello! What's the tool that helped you most in trading?
Help from Gurus and Gurus comments. Thanks and
Regards
  • #28
  • Feb 14, 2020 11:16pm Feb 14, 2020 11:16pm
only horizontal line High n Low + CCI default.
3Some Candle TacticaL
  • #29
  • Feb 15, 2020 1:21am Feb 15, 2020 1:21am
Without a doubt, the only tool I'm using is,

FIBONACCI TOOL

As shown in this fine thread

https://www.forexfactory.com/showthread.php?t=976730

It takes a lot for me to IGNORE you, but you can try.
  • #30
  • Feb 15, 2020 1:24am Feb 15, 2020 1:24am
A fat chain saw and splitting some wood, to clean my head from so many trading tools.
  • #31
  • Feb 15, 2020 2:24am Feb 15, 2020 2:24am
Quoting Loftboy
{quote} FerruFx's eyes.
MT4/MT5 EAs/Indicators/Alerts coder
  • #32
  • Feb 15, 2020 2:44am Feb 15, 2020 2:44am
Quoting goodways100
{quote} Help from Gurus and Gurus comments. Thanks and Regards
Lol we all love a guru....
J12
  • #33
  • Feb 15, 2020 2:47am Feb 15, 2020 2:47am
Some great tips & advice on tips. So has anyone put these tips into practice?? Some long time members here, if you can show us the tips & tools in action will be great...
J12
  • #34
  • Feb 15, 2020 4:03am Feb 15, 2020 4:03am
Quoting JetTrader
{quote} Microsoft Excel. Without question. Hands down. I've never seen a better tool for market data exploration. You can design anything in Excel. The problem with Excel is that it was not built for streaming data. I wish Microsoft would go back and change that. In fact, I wish Microsoft would develop Excel for Traders and include built-in agnostic connectivity to the Broker of your selection along with FIX Protocol support. That would change the game for me.

Checkout the DDE server in options/server.

From Help: Attention: For data to be shown properly in MS Excel, one has to enable "Tools — Options... — Translation — Translation formula entry" menu option of MS Excel.
  • #35
  • Feb 15, 2020 5:30am Feb 15, 2020 5:30am
Quoting j12
Some great tips & advice on tips. So has anyone put these tips into practice?? Some long time members here, if you can show us the tips & tools in action will be great...
You have a great pip count yourself

https://www.forexfactory.com/showthread.php?t=979239
It takes a lot for me to IGNORE you, but you can try.
  • #36
  • Feb 15, 2020 7:01am Feb 15, 2020 7:01am
Quoting Erebus
{quote} You have a great pip count yourself https://www.forexfactory.com/showthread.php?t=979239
Thank you I try, it'll be good to see if anyone giving ideas on tools that's helped them, show these tools on a live account over several years. To see if the tools have readily helped them...
J12
  • #37
  • Feb 15, 2020 7:04am Feb 15, 2020 7:04am
Quoting Erebus
Without a doubt, the only tool I'm using is, FIBONACCI TOOL As shown in this fine thread https://www.forexfactory.com/showthread.php?t=976730
Fibonacci is one of the first things you come across then you start to learn about forex.

I must say it is probably the only thing in my head, after doing this for about 13+ years that actually makes some sense...

I agree with you. I don't use the tool but the principle carries a lot of weight....

Regards

J
J12
  • #38
  • Feb 15, 2020 11:38am Feb 15, 2020 11:38am
Quoting j12
{quote} Fibonacci is one of the first things you come across then you start to learn about forex. I must say it is probably the only thing in my head, after doing this for about 13+ years that actually makes some sense... I agree with you. I don't use the tool but the principle carries a lot of weight.... Regards J
The funny thing is, I don't use Fibonacci per se, only the Tool to draw levels of High and Low.

The Tool is great as it goes on to plot other specified lines at 25% of the high to low range. Every pair will have a different range but the Fibonacci Tool automatically compensate for volatility.

It's all in the thread
It takes a lot for me to IGNORE you, but you can try.
  • #39
  • Feb 15, 2020 11:41am Feb 15, 2020 11:41am
Quoting Asw
{quote} Checkout the DDE server in options/server. From Help: Attention: For data to be shown properly in MS Excel, one has to enable "Tools — Options... — Translation — Translation formula entry" menu option of MS Excel.

Thanks for the tip. I've used DDE before in all my previous Excel based trading systems. Live Streaming RTD is (of course) a different technology and when using either a large number of indicators or indicators that have complex formulas and calculations, Excel tends to choke.

Successful Trades!
  • #40
  • Feb 15, 2020 11:56am Feb 15, 2020 11:56am
Quoting Erebus
{quote} The funny thing is, I don't use Fibonacci per se, only the Tool to draw levels of High and Low. The Tool is great as it goes on to plot other specified lines at 25% of the high to low range. Every pair will have a different range but the Fibonacci Tool automatically compensate for volatility. It's all in the thread
Spot on
J12
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