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  • #721
  • Apr 27, 2020 12:53pm Apr 27, 2020 12:53pm
the wait was worth it after the atr was broken. but had a tp because i couldn't stick to the trade
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  • #722
  • Apr 27, 2020 1:11pm Apr 27, 2020 1:11pm
Quoting ingo3344
the wait was worth it after the atr was broken. but had a tp because i couldn't stick to the trade {image}
I think it is an invalid entry for a long, the channel is below the SMA, RSI is less than 50, all SMA MTF is Red.

Will wait for others feedback.
  • #723
  • Apr 27, 2020 1:14pm Apr 27, 2020 1:14pm
Quoting karun
{quote} I think it is an invalid entry for a long, the channel is below the SMA, RSI is less than 50, all SMA MTF is Red. Will wait for others feedback.
It's an advanced type of trade (ADR Reversal).
  • #724
  • Apr 27, 2020 1:28pm Apr 27, 2020 1:28pm
Quoting LauraT
{quote} It's an advanced type of trade (ADR Reversal).
Laura kindly explain further the rationale behind this trade. Want to understand the ADR stuff.
  • #725
  • Apr 27, 2020 1:34pm Apr 27, 2020 1:34pm
Quoting ogboriefor
{quote} Laura kindly explain further the rationale behind this trade. Want to understand the ADR stuff.
Sure, here's a chart showing oil today. It hit the ADR (average daily range) Low (solid red line) and reversed a little upwards.

It's an advanced trade because you are trading against the short-term trend. It is risky and I advise people to focus on the trend-based methods first.

Hope this helps.

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  • #726
  • Apr 27, 2020 1:49pm Apr 27, 2020 1:49pm
By no means do I wish to start an entire broker based dialogue, but I have never seen so much commodity and index trading via MT4.

is there any brokers available to trade these underlyings in the US? Speaking specifically to trading the American indexes, DAX, Oil, etc.

thanks in advance for any insights from those that are replicating here in the US!
  • #727
  • Apr 27, 2020 2:05pm Apr 27, 2020 2:05pm
Quoting LauraT
{quote} Sure, here's a chart showing oil today. It hit the ADR (average daily range) Low (solid red line) and reversed a little upwards. It's an advanced trade because you are trading against the short-term trend. It is risky and I advise people to focus on the trend-based methods first. Hope this helps. {image}
I don’t want to make any confusion in this thread, but believe me, when you learn trading on kickbacks, you don’t want to trade on breakouts anymore, because kickbacks are risky, but more predictable and in total if you take the whole pair and calculate the number pips on kickbacks and breakouts, oddly enough kickbacks are leading. And why? This is psychology ... the market, this is 98% psychology. Understand what drives the market and everything else will not matter!
  • #728
  • Apr 27, 2020 2:42pm Apr 27, 2020 2:42pm
Quoting LauraT
{quote} Sure, here's a chart showing oil today. It hit the ADR (average daily range) Low (solid red line) and reversed a little upwards. It's an advanced trade because you are trading against the short-term trend. It is risky and I advise people to focus on the trend-based methods first. Hope this helps. {image}
Thanks. Well explained.
  • #729
  • Apr 27, 2020 2:46pm Apr 27, 2020 2:46pm
Quoting tradeChaser
By no means do I wish to start an entire broker based dialogue, but I have never seen so much commodity and index trading via MT4. is there any brokers available to trade these underlyings in the US? Speaking specifically to trading the American indexes, DAX, Oil, etc. thanks in advance for any insights from those that are replicating here in the US!
You may want to check FXChoice. They are located on the Belize and accept US clients. They offer some indexes and a few commodities, and if I am right 1:200 leverage (also for US clients??) From a few years back I experienced them as trustworthy, transparant and of highest quality. I guess you can find up to date reviews on FPA.
Hope this helps.
Trading S/R with PA only. No indicators anymore!
  • #730
  • Apr 27, 2020 2:55pm Apr 27, 2020 2:55pm
Finished the day by closing out 2 of my medium term trades on the Dow.

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And now it starts all over again tomorrow - goodnight
  • #731
  • Apr 27, 2020 2:59pm Apr 27, 2020 2:59pm
Quoting Jazz1964
{quote} You may want to check FXChoice. They are located on the Belize and accept US clients. They offer some indexes and a few commodities, and if I am right 1:200 leverage (also for US clients??) From a few years back I experienced them as trustworthy, transparant and of highest quality. I guess you can find up to date reviews on FPA. Hope this helps.
Thanks for the reply. I will look into this!
  • #732
  • Apr 27, 2020 3:01pm Apr 27, 2020 3:01pm
Quoting LauraT
Finished the day by closing out 2 of my medium term trades on the Dow. {image} And now it starts all over again tomorrow - goodnight
Awesome Laura! Have a good sleep!
Trading S/R with PA only. No indicators anymore!
  • #733
  • Apr 27, 2020 4:44pm Apr 27, 2020 4:44pm
Quoting Jazz1964
{quote} Ow? It's pretty straightforward, but maybe current price is too far from the SM200 which causes the sma200 to be out of your screen? Otherwise check your settings: {image} And otherwise, if you have Teamviewer, feel free to send me your ID and the password, I'll be happy to enter your workspace and check it out.
Hey thank you for responding I have no problem with the ma its the meter at the bottom. I cant get it work
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  • #734
  • Apr 27, 2020 4:57pm Apr 27, 2020 4:57pm
My trades for today - UJ, UC, GJ.
GJ went the other way and UC went for a free fall after I exited the trade.

UC - I missed the channel cross, then a channel failure - entered when channel was closer to SMA and price was rejected SMA thrice and it was late in the afternoon so took profit when it started looking like it might go the other way. But after exit it dropped further.
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UJ - Missed the initial channel cross, then entered on channel failure.
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GJ - It's one of those trades which didn't go my way.
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  • #735
  • Apr 27, 2020 5:40pm Apr 27, 2020 5:40pm
Quoting ezmonyfx
{quote} Hey thank you for responding I have no problem with the ma its the meter at the bottom. I cant get it work{image}
Not sure but I guess you have to put an "i" in field Currency Pairs Appendix, like this:
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Your broker puts an i as suffix behind EURUSD: EURUSDi
You can try that.
Trading S/R with PA only. No indicators anymore!
  • #736
  • Apr 27, 2020 6:02pm Apr 27, 2020 6:02pm
good evening!

unfortunately only now I had access to the topic.

I downloaded the indicators and I'm really in doubt as to which timeframes are correct to operate SP500, DAX and Brent.

in general, we have stated that for consistent operations, longer times should be used, but Laura herself commented that she uses 1 and 5m for these assets.

below, two screens one with 15min and one 1min configuration.

15 min
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1 min
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operations should be very dynamic when it comes to 1m.

what can you tell me about it. Opinions are more than welcome
Let us be green
  • #737
  • Apr 27, 2020 7:33pm Apr 27, 2020 7:33pm
Quoting Jazz1964
{quote} Not sure but I guess you have to put an "i" in field Currency Pairs Appendix, like this: {image} Your broker puts an i as suffix behind EURUSD: EURUSDi You can try that.
I did that but I get a big block so I went and put false for everything but the 200 seems to be working now thank you for your time
  • #738
  • Apr 28, 2020 12:46am Apr 28, 2020 12:46am
Quoting leafarct
good evening! unfortunately only now I had access to the topic. I downloaded the indicators and I'm really in doubt as to which timeframes are correct to operate SP500, DAX and Brent. in general, we have stated that for consistent operations, longer times should be used, but Laura herself commented that she uses 1 and 5m for these assets. below, two screens one with 15min and one 1min configuration. 15 min {image} 1 min {image} operations should be very dynamic when it comes to 1m. what can you tell me about it. Opinions are more than welcome
Timeframes really are a matter of personal preference.

I mainly trade indices and oil on 1m timeframe but, as I posted last night, I do occasionally take a slightly longer term approach and enter on the 5m or 15m for those instruments.

Hope this helps.
  • #739
  • Edited 1:02am Apr 28, 2020 12:52am | Edited 1:02am
EURJPY 15min Ive taken this......problem is the previous day low.....but lets see..
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Its all just one persons opinion
  • #740
  • Apr 28, 2020 1:05am Apr 28, 2020 1:05am
Frankfurt open taking it down....so far so good TP 115.90

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Its all just one persons opinion
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