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On Point

  • #2,101
  • Feb 4, 2021 2:10pm Feb 4, 2021 2:10pm
Quoting kette
bitcoin traded m1 after a nice volume increase, from the daily low {image} {image}
what leverage does the broker provide? it makes sense?
  • #2,102
  • Edited 2:54pm Feb 4, 2021 2:43pm | Edited 2:54pm
Quoting hefer
{quote} what leverage does the broker provide? it makes sense?

1:500 ecn live

demo pro 1:2000


https://roboforex.com/de/forex-handel/handel/ecn/
  • #2,103
  • Feb 4, 2021 5:17pm Feb 4, 2021 5:17pm
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  • #2,104
  • Feb 4, 2021 6:51pm Feb 4, 2021 6:51pm
Hi All,

gonna stay in this thread as found the way looking at market can fit into my system. let me know if im post wrong.
My trading way in 2 kind of chart:
1) 30 minutes trend chart by looking at CCFP & MP
2) 5 minutes entry using 10/34 ema
Attached Image(s) (click to enlarge)
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Do it like a Fool
  • #2,105
  • Feb 4, 2021 7:19pm Feb 4, 2021 7:19pm
5 min vertical line is some trade i will enter. the price is moving away from POC and high intensive areas

* Wags and kette,if any wrong pls let me know, im here for learning
Attached Image(s) (click to enlarge)
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Do it like a Fool
  • #2,106
  • Feb 5, 2021 12:30am Feb 5, 2021 12:30am
gbp
is wanted
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  • #2,107
  • Feb 5, 2021 12:34am Feb 5, 2021 12:34am
usd under pressure
au is being bought at the moment
the correlations are correct at the moment
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  • #2,108
  • Feb 5, 2021 12:38am Feb 5, 2021 12:38am
Quoting kette
{quote} 1:500 ecn live demo pro 1:2000 https://roboforex.com/de/forex-handel/handel/ecn/
I see 1:50 max BTC. Today expiration of option per 1 billion
  • #2,109
  • Feb 5, 2021 12:39am Feb 5, 2021 12:39am
Quoting Foolsgame
5 min vertical line is some trade i will enter. the price is moving away from POC and high intensive areas * Wags and kette,if any wrong pls let me know, im here for learning {image} {image}


ej good example mp classic, buy below sell above
if you did that, very well
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  • #2,110
  • Feb 5, 2021 12:41am Feb 5, 2021 12:41am
Quoting kette
gbp is wanted {image}
USD line is a indicator? Can u share it?
  • #2,111
  • Feb 5, 2021 12:54am Feb 5, 2021 12:54am
Quoting hefer
{quote} I see 1:50 max BTC. Today expiration of option per 1 billion

you asked about the lever 1: 500
it doesn't matter here you see current spreads
btc is easy to handle
pepperstone is even better
thank you for your message in btc
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  • #2,112
  • Feb 5, 2021 1:03am Feb 5, 2021 1:03am
UC
a lot of volume comes in today, at the weekend it is cashed up
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  • #2,113
  • Feb 5, 2021 1:07am Feb 5, 2021 1:07am
Quoting kette
UC a lot of volume comes in today, at the weekend it is cashed up {image}
you do not understand the market correctly - today is the expiration date. today is a unique day- trader's day. Nonfarm and expiration.
  • #2,114
  • Feb 5, 2021 1:15am Feb 5, 2021 1:15am
Quoting hefer
{quote} you do not understand the market correctly - today is the expiration date. today is a unique day- trader's day. Nonfarm and expiration.

sorry
yes, now i understand it is running out, do not follow the things that far
I have an educational gap there
  • #2,115
  • Feb 5, 2021 1:38am Feb 5, 2021 1:38am
am honest the market i will never understand, impossible.
i make my trading very simple, fundamental knowledge is not of interest because i have no influence on the market, so follow the trend and the volume
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  • #2,116
  • Feb 5, 2021 1:40am Feb 5, 2021 1:40am
Quoting netsrac
{quote} The ccfp is in this default set and with option "ShowOnlySymbolOnChart" is actually not much more than an MA cross on the two currencies in the pair (see picture 1). It says almost nothing about the actual strength of the currency. If one wants to capture the real strength of the respective currency, one would have to use the indicator as follows (see picture 2). I do not mean to say that your application does not work. Apparently the opposite is the case ;-) {image}{image}
Bro, could you post a good currency strength, the one that captures the real strength on the respective currency? Thank you.
  • #2,117
  • Feb 5, 2021 2:17am Feb 5, 2021 2:17am
Quoting Foxicle
{quote} Bro, could you post a good currency strength, the one that captures the real strength on the respective currency? Thank you.
You can use the ccfp, which kette also shows here again and again. In my opinion, it only needs to be configured differently in order to make a statement about the actual strength of a currency in the entire spectrum of all currencies.
I don't use a strength indicator. I mean, it doesn't show anything that the chart doesn't show (see picture - GBPCHF).
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  • #2,118
  • Feb 5, 2021 2:27am Feb 5, 2021 2:27am
Quoting netsrac
{quote} You can use the ccfp, which kette also shows here again and again. In my opinion, it only needs to be configured differently in order to make a statement about the actual strength of a currency in the entire spectrum of all currencies. I don't use a strength indicator. I mean, it doesn't show anything that the chart doesn't show (see picture - GBPCHF). {image}

if you can, please create one for gold and btc
if you feel like it, it can never hurt
  • #2,119
  • Feb 5, 2021 2:33am Feb 5, 2021 2:33am
Quoting netsrac
{quote} You can use the ccfp, which kette also shows here again and again. In my opinion, it only needs to be configured differently in order to make a statement about the actual strength of a currency in the entire spectrum of all currencies. I don't use a strength indicator. I mean, it doesn't show anything that the chart doesn't show (see picture - GBPCHF). {image}

ccfp mtf 2
more accurate in comparison
the problem depends on and on
Attached Image (click to enlarge)
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Attached File(s)
File Type: mq4 CCFp mtf alerts 2.07 nmc.mq4   32 KB | 290 downloads
  • #2,120
  • Feb 5, 2021 2:37am Feb 5, 2021 2:37am
Quoting kette
{quote} if you can, please create one for gold and btc if you feel like it, it can never hurt
Hi Kette,

this is impossible. Why?
The real strength of a currency is calculated with crosspairs, which includes that currency. For example the us dollar strength (aka Dollar index):

– Euro (EUR), 57.6% weight
– Japanese yen (JPY) 13.6% weight
– Pound sterling (GBP), 11.9% weight
– Canadian dollar (CAD), 9.1% weight
– Swedish krona (SEK), 4.2% weight
– Swiss franc (CHF) 3.6% weight

(https://www.tradingpedia.com/day-tra...-dollar-index/)

You can calculate a strength the similar way for EUR, AUD, ... but you canīt do that for Gold or Bitcoin. There are not enough pairs, which include that "currencies".
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