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Best indicators for beginners, to minimize losing.

  • #141
  • Nov 17, 2020 12:00pm Nov 17, 2020 12:00pm
Quoting RoshanS
{quote} I am also learning it but i would be happy to share my experience if that helps. Are you familiar with the indicators used in the stratgy? Have you setup the trading template as indicated in the thread?
For me upper limit and the lower limit is still not clear.. could you pls explain your understanding?
  • #142
  • Nov 17, 2020 12:37pm Nov 17, 2020 12:37pm
Quoting RoshanS
{quote} I am also learning it but i would be happy to share my experience if that helps. Are you familiar with the indicators used in the stratgy? Have you setup the trading template as indicated in the thread?

yes I have setup the template and everything, just need help to understand it better. thanks
  • #143
  • Nov 17, 2020 1:10pm Nov 17, 2020 1:10pm
Quoting RoshanS
{quote} Interesting to see how this trade evolves as it appears the pair is trading in a narrow range for a day or two so
I do have the ability to analyze GJ's behavior better than other pairs. That's why I entered at 6.20 this morning because I saw an opportunity for GJ to go up. Unfortunately the conditions weren't so good that GJ just walked sideways and I was forced to close it with a little profit.
At first I thought the GJ pair was not suitable for beginners so I only gave signals on EU and UCH but it turns out that this thread is followed by experienced traders, so I will no longer hesitate to discuss GJ.
This pair of GJ is indeed lazy and boring but strangely he is able to run faster than Timo Werner the Chelsea striker, because GJ is able to run 150 pips per hour to 300 pips.
  • #144
  • Nov 17, 2020 1:12pm Nov 17, 2020 1:12pm
Quoting bale
{quote} I do have the ability to analyze GJ's behavior better than other pairs. That's why I entered at 6.20 this morning because I saw an opportunity for GJ to go up. Unfortunately the conditions weren't so good that GJ just walked sideways and I was forced to close it with a little profit. At first I thought the GJ pair was not suitable for beginners so I only gave signals on EU and UCH but it turns out that this thread is followed by experienced traders, so I will no longer hesitate to discuss GJ. This pair of GJ is indeed lazy and boring but...
chart
Attached Image (click to enlarge)
Click to Enlarge Name: gj.png Size: 22 KB
  • #145
  • Nov 17, 2020 1:17pm Nov 17, 2020 1:17pm
Quoting RoshanS
{quote} What I take as the upper limit and the lower limit is the pivot line. It is lower limit in an uptrend and upper limit in a down uptrend. For greater clarity, I have shown it in the image below with white arrows. Please correct me, someone, if my understanding is wrong. {image}
Nice job , thanks
  • #146
  • Nov 17, 2020 1:23pm Nov 17, 2020 1:23pm
In a few hours I will buy gj because I see that this pair is still determined to move upwards. Indeed, right now he was catching his breath and would soon be flying at almost maximum speed.
  • #147
  • Nov 17, 2020 2:19pm Nov 17, 2020 2:19pm
AWESOME and FIBONACCI draw the direction of GJ movement perfectly. We just need to follow it with help from PIVOT
Attached Image
  • #148
  • Nov 17, 2020 2:49pm Nov 17, 2020 2:49pm
Quoting bale
AWESOME and FIBONACCI draw the direction of GJ movement perfectly. We just need to follow it with help from PIVOT {image}

if I get this system correctly, you take a trade when the candle stick rests on the lower limit in an uptrend?
  • #149
  • Nov 17, 2020 4:34pm Nov 17, 2020 4:34pm
Quoting youngjosh
{quote} if I get this system correctly, you take a trade when the candle stick rests on the lower limit in an uptrend?
Yes, perfect. I love seeing how you understand this method.

The results that I will achieve from the transaction will be the same as the results you will receive on the condition that you also make an entry after I give a call to the GJ pair and also set a target and stop loss.
  • #150
  • Nov 17, 2020 5:43pm Nov 17, 2020 5:43pm
Indeed we will find defeats here and there but we will win over and over again.
Attached Image
  • #151
  • Nov 17, 2020 6:30pm Nov 17, 2020 6:30pm
GJ, Long 138,000 tp 140,758 sl 137,500
  • #152
  • Nov 17, 2020 9:09pm Nov 17, 2020 9:09pm
Quoting RoshanS
{quote} I think, still, the pair is trading sideways, possibly building momentum for an expansive move.
That's GJ's strength, like biting in a blanket. He moved at unexpected times.
  • #153
  • Nov 18, 2020 1:17am Nov 18, 2020 1:17am
Quoting RoshanS
{quote} What I take as the upper limit and the lower limit is the pivot line. It is lower limit in an uptrend and upper limit in a down uptrend. For greater clarity, I have shown it in the image below with white arrows. Please correct me, someone, if my understanding is wrong. {image}
Good day RoshanS. Please what is that information towards the right edge of your chart - the one containing MACD, STR, and EMA? Below it is 1.32426; Spread 16.0, PIPS to open, 517, High to Low, 835, and Daily Av. 1097.0. What indicator is responsible for this date. Just learning and curious to know. Thank you for being so helpful.
  • #154
  • Nov 18, 2020 2:27am Nov 18, 2020 2:27am
Quoting bale
GJ, Long 138,000 tp 140,758 sl 137,500
Out +12
  • #155
  • Nov 18, 2020 2:39am Nov 18, 2020 2:39am
Today GJ is a bit tired and it is better for him to rest first to recover his strength.
Attached Image
  • #156
  • Nov 18, 2020 2:49am Nov 18, 2020 2:49am
i think it is a good indicator for beginners to define trends better. it is not repainted and also customizable that we can find a better setting for our trading purposes.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADbH4.png Size: 52 KB
Attached File(s)
File Type: ex4 03-Swing Catcher.ex4   31 KB | 541 downloads
  • #157
  • Nov 18, 2020 2:51am Nov 18, 2020 2:51am
It's too risky to go back in because the timing isn't right. Even though there will be a Lower Low in the New York session, I will not enter again.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.png Size: 31 KB
  • #158
  • Nov 18, 2020 4:14am Nov 18, 2020 4:14am
Quoting RoshanS
{quote} That's an indicator called Signal Bars V2
Thank you. Please can you, at your convenience, interpret those parameters, and what is the advantage of using signal bars in trading?
  • #159
  • Nov 18, 2020 7:37am Nov 18, 2020 7:37am
Quoting RoshanS
{quote} Actually, I don't use that as an indicator for trading. It's primarily there to quote prices. I use that because of its visual appeal.
Thank you
  • #160
  • Nov 18, 2020 9:09am Nov 18, 2020 9:09am
Quoting RoshanS
{quote} Still the price is ranging, i think. What would be a likely catalyst for a breakout move?
Of course, news from the presidential election.
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