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Best indicators for beginners, to minimize losing.

  • #121
  • Nov 15, 2020 4:02am Nov 15, 2020 4:02am
4. I have mentioned all the indicators and how to apply them in the chart, so that all beginners will understand the teaching. This thread is only 6 pages long so it is mandatory for beginners to read from pages 1 to 6 so there is no need to ask very simple basic questions. Please learn to read and learn to understand.
  • #122
  • Nov 15, 2020 4:10am Nov 15, 2020 4:10am
5. Believe me beginners that I will be very focused on reading political and market news on FF, and will follow the price movements very closely before I give any signal in this thread. That's why I won't have time to answer basic questions.
  • #123
  • Nov 15, 2020 4:14am Nov 15, 2020 4:14am
6. Traders who already have experience and happen to be prone to following the signals I am about to give can do so using the least amount of risk.
  • #124
  • Nov 15, 2020 4:18am Nov 15, 2020 4:18am
7. This is how I make this notice to be understood by all beginners and thank you very much for your attention.
  • #125
  • Nov 15, 2020 5:11am Nov 15, 2020 5:11am
Quoting bale
Greetings to all traders, As we know that as beginners, we are often trapped in complicated situations in reading charts so that the hope of getting a profit turns out to be a loss. For that, I advise you to follow the directions of several important indicators and not rely on your own hunches. I suggest you to use the following indicators: 1. Awesome 2. Fibonacci in the form of Moving Average 3. Daily pivots with S / R Time frame is 1 hour, stop loss is 30 pips and Target is between 30 to 70 pips. Please avoid setting very large daily targets such...
USDCHF is stable? I sure don't see it. I do however like your use of the trends. I use EMA 15, 30 and 50 in M5, M15, H1 for support and resistance entry once there is some movement in a direction.
  • #126
  • Nov 15, 2020 6:08am Nov 15, 2020 6:08am
Quoting enarco
{quote} USDCHF is stable? I sure don't see it. I do however like your use of the trends. I use EMA 15, 30 and 50 in M5, M15, H1 for support and resistance entry once there is some movement in a direction.
Based on last chart it will go down
  • #127
  • Nov 15, 2020 5:09pm Nov 15, 2020 5:09pm
Quoting bale
{quote} Based on last chart it will go down
A chart will guarantee direction?

Maybe think of your system and you want it to go up before going down. It would be a higher probability of going down if it goes up and touches the EMA or your upper limit.

91380 or so would provide confirmation if it dropped back after getting there. ie the bears are in charge.

My point was that USDCHF is far from stable in my observation. But that can be played as well. Always will have a large corrective move to any large move up or down. Breakouts will have a large correction. I never chase this pair and wait for that big reversal to get on board. But it does hold the EMA's and your limit lines when it does move. Finding the pairs that hold them is important.
  • #128
  • Nov 15, 2020 6:50pm Nov 15, 2020 6:50pm
Long AU 0,7286 tp 0,7328 sl 30 pips
  • #129
  • Nov 15, 2020 7:23pm Nov 15, 2020 7:23pm
Long GU 1,3221 tp 1,3305 sl 30 pips
  • #130
  • Nov 16, 2020 3:29am Nov 16, 2020 3:29am
Quoting bale
Long GU 1,3221 tp 1,3305 sl 30 pips
-30
  • #131
  • Nov 16, 2020 3:34am Nov 16, 2020 3:34am
Quoting bale
Long AU 0,7286 tp 0,7328 sl 30 pips
+4
  • #132
  • Nov 16, 2020 6:02am Nov 16, 2020 6:02am
Check out the old stable USD/CHF
  • #133
  • Nov 16, 2020 12:08pm Nov 16, 2020 12:08pm
Has anybody here used this indicator, Forex D.O.M. Scalper Indicator?
  • #134
  • Nov 16, 2020 5:25pm Nov 16, 2020 5:25pm
GJ, Long 138,024 tp 140,025 sl 50 pips
  • #135
  • Nov 17, 2020 7:30am Nov 17, 2020 7:30am
Quoting RoshanS
Thanks a lot, @Bale for trade insights. Took the first trade with this method in GBP/USD today. It's quite ok so far with 30+ pip. Let's see how it fairs. It appears that it is better if one can enter closer to the Pivot Line with other indicators' alignment. Happy to share the results for the purpose of learning by everyone. {image}
Congratulations
  • #136
  • Nov 17, 2020 8:22am Nov 17, 2020 8:22am
Quoting bale
GJ, Long 138,024 tp 140,025 sl 50 pips
+23
  • #137
  • Nov 17, 2020 8:39am Nov 17, 2020 8:39am
Quoting RoshanS
Thanks a lot, @Bale for trade insights. Took the first trade with this method in GBP/USD today. It's quite ok so far with 30+ pip. Let's see how it fairs. It appears that it is better if one can enter closer to the Pivot Line with other indicators' alignment. Happy to share the results for the purpose of learning by everyone. {image}
Well done Roshan. Please what are the other indicators you mentioned about?
  • #138
  • Nov 17, 2020 9:46am Nov 17, 2020 9:46am
couple of simple 20 pip trades using the system
Attached Image (click to enlarge)
Click to Enlarge Name: 3b36b44ae3f1263c314d1fdca79e2c1b.png Size: 84 KB
  • #139
  • Nov 17, 2020 11:24am Nov 17, 2020 11:24am
Quoting RoshanS
{quote} Thanks @bale


i am still trying to understand this trading strategy, please who can make it easier to understand..
  • #140
  • Nov 17, 2020 12:00pm Nov 17, 2020 12:00pm
If you need any help regarding strategy and coding it, i can spend some time for it
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