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  • #1,166,521
  • Apr 15, 2020 4:00pm Apr 15, 2020 4:00pm
Quoting newbegger
Quite vicious movement in market today, I think this is prepared to go higher but first they had to knock out all the longs. I am buying dips. {image}
Yep, we all have our myriad trading strategy and our money management to get us out when we are wrong. So buy on, you can't be wrong.
  • #1,166,522
  • Apr 15, 2020 4:16pm Apr 15, 2020 4:16pm
Seems like the world has paused for a moment
You can lead a horse to water, but you can't make it drink
  • #1,166,523
  • Apr 15, 2020 4:23pm Apr 15, 2020 4:23pm
Quoting xkwisit2001
Seems like the world has paused for a moment
Not on my clock.
Learn from your mistakes and march on.
  • #1,166,524
  • Apr 15, 2020 4:31pm Apr 15, 2020 4:31pm
i dont find any trend on this pair,sell or buy?
  • #1,166,525
  • Apr 15, 2020 4:32pm Apr 15, 2020 4:32pm
Quoting T4Trade
i dont find any trend on this pair,sell or buy?
What does the Weekly chart tell you?
Learn from your mistakes and march on.
  • #1,166,526
  • Apr 15, 2020 4:35pm Apr 15, 2020 4:35pm
Quoting here2there
{quote} What does the Weekly chart tell you?
isnt it making a flag?,ranging'
  • #1,166,527
  • Apr 15, 2020 4:47pm Apr 15, 2020 4:47pm
Quoting tullamulla
{quote} HI Moty, If you look at the daily it appears the trend line was broken and retested. How do you choose between which tf to trade with given the contradiction? Because it appears the daily might be ready for upside? Thanks
Daily graph analysis by trendline breaks is doomed to failure, because until you find out that it's false break , your account will be deleted.
If there is a long trend, I can easily see it in the hourly graph too.
I just have to pay attention to the high and low of the day before to make sure a trend,
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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mix signles
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yes yes yes
  • #1,166,528
  • Apr 15, 2020 5:16pm Apr 15, 2020 5:16pm
Quoting Moty
{quote} Daily graph analysis by trendline breaks is doomed to failure, because until you find out that it's false break , your account will be deleted. If there is a long trend, I can easily see it in the hourly graph too. I just have to pay attention to the high and low of the day before to make sure a trend,{image}{image}mix signles{image}
Thank you for this!
Much appreciated!
  • #1,166,529
  • Edited 6:00pm Apr 15, 2020 5:31pm | Edited 6:00pm
Quoting T4Trade
{quote} isnt it making a flag?,ranging'
The weekly is clearly in a downtrend, and has been for a very long time. The Daily is also in a downtrend, and has been for a very long time.

So if you are a trend trader, then you will be looking to sell. The problem, however, is you could be waiting a long time for a trading opportunity if you are strict about following the main trend. The better option, in my opinion, is to use the High, Low and Close of the previous day, week or month - indicator for MetaTrader 4, found Here, and base your buying or selling decisions on what happens when price hits key levels. I recommend only using period 1 (2 at the most).

Note: on the indicator I linked to above, you can use multiple versions of it on the same chart, so as to show different time periods (Daily, Weekly, Monthly). The one I use is much better, but it's not free. And I am forbidden to link to it (FF rule). I use Simple Line for MT4. You can find it in the marketplace on MQL5.com

I would also suggest using an ADR/AWR/AMR indicator, such as DWMRanges. You can find it in this post.
Learn from your mistakes and march on.
  • #1,166,530
  • Apr 15, 2020 6:18pm Apr 15, 2020 6:18pm
Quoting here2there
{quote} The weekly is clearly in a downtrend, and has been for a very long time. The Daily is also in a downtrend, and has been for a very long time. So if you are a trend trader, then you will be looking to sell. The problem, however, is you could be waiting a long time for a trading opportunity if you are strict about following the main trend. The better option, in my opinion, is to use the High, Low and Close of the previous day, week or month - indicator for MetaTrader 4, found Here, and base your...
Thank you for your time and generosity to explain it,i exactly use smHiloOpen lines_V1.2 by swing man,it gives hi and lo and open of present day ,previous ,weekly and monthly,very useful indicator.God bless you!
  • #1,166,531
  • Apr 15, 2020 6:35pm Apr 15, 2020 6:35pm
Quoting PippyPat
Just curious: Do y'all hold your positions through maintenance? And if so, what happens?
What do you mean? Maintenance margin?
Que Sera
  • #1,166,532
  • Apr 15, 2020 6:38pm Apr 15, 2020 6:38pm
Quoting T4Trade
{quote} Thank you for your time and generosity to explain it,i exactly use smHiloOpen lines_V1.2 by swing man,it gives hi and lo and open of present day ,previous ,weekly and monthly,very useful indicator.God bless you!
That sounds like a good indicator. Swing Man does high quality work.

God bless you, too.
Learn from your mistakes and march on.
  • #1,166,533
  • Apr 15, 2020 7:56pm Apr 15, 2020 7:56pm
Quoting eastrader
Hopefully its good to sell at pullback. {image}
Hope for price reach target.

Attached Image (click to enlarge)
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wise man say, only fools rush in
  • #1,166,534
  • Apr 15, 2020 8:34pm Apr 15, 2020 8:34pm
Quoting eastrader
{quote} Hope for price reach target. {image}
I have a long and a short going. New hedge strategy I am working on (using two separate accounts).
Learn from your mistakes and march on.
  • #1,166,535
  • Apr 15, 2020 8:46pm Apr 15, 2020 8:46pm
Quoting here2there
{quote} I have a long and a short going. New hedge strategy I am working on (using two separate accounts).

People like us who trade from US always got messed up, no benefits for us! Leverage or other stuff.. 1:50 what a joke
  • #1,166,536
  • Apr 15, 2020 9:07pm Apr 15, 2020 9:07pm
Quoting here2there
{quote} I have a long and a short going. New hedge strategy I am working on (using two separate accounts).
back then i knew hedging strategy in 2 accounts in the time of NFP news.very successful strategy,right now i am stuck in USA,away from my home,when i will go back,i will share that with you
  • #1,166,537
  • Apr 15, 2020 9:18pm Apr 15, 2020 9:18pm
What is this long shadow telling us?

Please keep in mind that the long shadow in the image is the result of price hitting a demand zone.

Attached Image (click to enlarge)
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Learn from your mistakes and march on.
  • #1,166,538
  • Apr 15, 2020 9:26pm Apr 15, 2020 9:26pm
Quoting itzfaisal
{quote} People like us who trade from US always got messed up, no benefits for us! Leverage or other stuff.. 1:50 what a joke
I am Ok with the leverage, as I am a conservative trader. But the no hedging and FIFO rules are totally unfair.
Learn from your mistakes and march on.
  • #1,166,539
  • Apr 15, 2020 9:34pm Apr 15, 2020 9:34pm
Quoting here2there
{quote} I am Ok with the leverage, as I am a conservative trader. But the no hedging and FIFO rules are totally unfair.
you can get away from FIFO if you use different trading size in Oanda
  • #1,166,540
  • Apr 15, 2020 9:45pm Apr 15, 2020 9:45pm
Quoting Catempire
{quote} What do you mean? Maintenance margin?
Every day, my broker shuts down trading for 10 minutes at 4 pm CDT. Then the spreads are crazy for another hour or so. I was wondering if tghere is any effect on your trades if you don't close them during that time. Do other brokers do this?
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