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anyone need help?

  • #161
  • Sep 17, 2007 11:33am Sep 17, 2007 11:33am
thanks for the link
"Please sir, may I have some more pips?"
  • #162
  • Sep 17, 2007 6:32pm Sep 17, 2007 6:32pm
Quoting BeachBum
Alpari is 6 PM ET; however, you will still have a Daily Candle for Monday September 17 because THAT candle began Sunday September 16 at 6 PM and will close Monday at 6 PM. Make sense?

Thanks, BB. I see, I was still thinking about Wall Street stock market hours, not forex, 24 hours. So the "candle" is sort of another name for the trading day, and the date given to the candle is the date the candle closes?
  • #163
  • Sep 17, 2007 10:02pm Sep 17, 2007 10:02pm
Quoting Marcy
Thanks, BB. I see, I was still thinking about Wall Street stock market hours, not forex, 24 hours. So the "candle" is sort of another name for the trading day, and the date given to the candle is the date the candle closes?
Correct Marcy.............
  • #164
  • Sep 30, 2007 8:50pm Sep 30, 2007 8:50pm
Thank you Renasdad for offering help to newbies. I was wondering if there are any seminars to go to and learn more about trading. I learn much better when I am sitting with someone watching the real thing taking place. I have read a lot of material and used a lot of different systems in the past year but I am still not confident on any one system that is why I would like to go and have a one on one training class if you know of any. Thanks
  • #165
  • Sep 30, 2007 11:00pm Sep 30, 2007 11:00pm
if I have a account for 500$ and i break all the rules if the leverage is 100/1 and i use a 50 pip stop loss. I am trading 1$ per pip. How many time can i hit stop loss before i get margin call. Can you show me the math to determine this?

Yes it breaks every rule, I would not ever trade this way. I just want to know how to determine margin call with stoploss included??
Thanks,
  • #166
  • Sep 30, 2007 11:43pm Sep 30, 2007 11:43pm
Quoting bigA
if I have a account for 500$ and i break all the rules if the leverage is 100/1 and i use a 50 pip stop loss. I am trading 1$ per pip. How many time can i hit stop loss before i get margin call. Can you show me the math to determine this?

Yes it breaks every rule, I would not ever trade this way. I just want to know how to determine margin call with stoploss included??
Thanks,
I'm assuming your trading mini-lots which are 10k lots. At 100/1 leverage you'll need $100 in your account for each lot traded.
So: Starting balance = $500
1st 50 pip loss = 450 balance
2nd " " = 400 bal
3rd " " = 350 bal
4th " " = 300 bal
5th " " = 250 bal
6th " " = 200 bal
7th " " = 150 bal
8th " " = 100 bal
With a $100 balance you won't be able to enter a trade because the spread will take your balance below $100 and that is how much cash is required to offset the purchase of one 10k minilot at $1 per pip. Of course trading different pairs with different pip values will change this somewhat.
I know you know this is breaking the rules but if you read the stickys on MM you'll find the precise equations for figuring margin requirements along with the definition of broker leverage and true leverage. It's important to know the difference.
  • #167
  • Oct 1, 2007 12:28am Oct 1, 2007 12:28am
Sure, I have a question: how to make money on Forex ?
  • #168
  • Oct 1, 2007 12:37am Oct 1, 2007 12:37am
Good day,
I am highly impressed seeing someone demanding to help. I am really having problem with the rule here in trading. I want to think maybe I have not gotten the rigt thread is the result for all my losses.
I have always found open position goin against me.
5EMA crosses 12EMA UP then I executed a buy but I found it going the other way. I want to think that there is more to trading than going by this simply rule. I have lost alot within this few weeks that I started trading but it was not like this when I was demo trading. whta could have been the problem? What do think I need to know that I dont not know?
Please I need your help
  • #169
  • Oct 1, 2007 1:02am Oct 1, 2007 1:02am
Thanks Billflet for your help
  • #170
  • Oct 7, 2007 12:13pm Oct 7, 2007 12:13pm
After reading this forum and thinking, I belive there are a few here that have over 1 million dollars in there forex account. What brokers could you trust if you are using a multi-million dollar account and U.S citizen? Where do the retail big boys use for brokers? thanks,
  • #171
  • Oct 8, 2007 8:14am Oct 8, 2007 8:14am
Quoting adetinsin
Good day,
I am highly impressed seeing someone demanding to help. I am really having problem with the rule here in trading. I want to think maybe I have not gotten the rigt thread is the result for all my losses.
I have always found open position goin against me.
5EMA crosses 12EMA UP then I executed a buy but I found it going the other way. I want to think that there is more to trading than going by this simply rule. I have lost alot within this few weeks that I started trading but it was not like this when I was demo trading. whta could have been the problem? What do think I need to know that I dont not know?
Please I need your help
adetinsin,
This is probably a question almost every single person that trades has asked others or at least themselves. I take it when you say you are using the 5 and 12 EMA's, you are using some system like the bagovino system. That system is based on the 1 hr charts. Maybe you should go to the daily charts and trade off those for a while until you feel confident and then drop back down to the 1 hr charts. The longerterm charts are much easier to trade on. Have you looked into price action? It is wonderful. Indicators tell you what has happened in the past and not what is happening "now". I know how well the bagovino method works though. I have used it with great results. There are times the system will fail. There is no system in the world that doesn't fail at some time or another. You have had a few weeks of losses? That is nothing really. I am not saying it doesn't hurt when it happens but if you look at the overall picture... You want to trade for many many years to come, a few weeks really is nothing.
Go back and look at the trades you took that were losers. Look to see if there was a good signal when you took the trade. See if there was a reason you shouldn't have taken the trade.
Another thing, when demo trading you didn't lose and now with real money you are by doing the same thing. Are you sure you are doing the same exact thing? In demo did you set your stop loss to where it should be and let the trade pan out? Now with real money did you set a stop loss and leave it until the stop loss got hit or did you just close the trade because you didn't want to lose too much money?
You were also wondering if you have not found the right thread yet. This is a thread I would suggest you go through. There is a ton of info on it. If you apply it to your trading, it will benefit you very much. It's all about price action. http://www.forexfactory.com/showthread.php?t=2331

Good luck and if you have any more questions, don't hesitate.
JOHN 3:16
  • #172
  • Oct 9, 2007 6:16am Oct 9, 2007 6:16am
Renasdad and others,

In yours and numerous FF references to the James16 thread, as we all know this thread is long. I've been trying to read it after work, and lately have been printing out pages to take with me to read. My question: Is there some way to save the entire thread, or portions of it to a thumb drive, so I could stick the drive in another computer and read it elsewhere? I'm not a tech, so I'm not clear on tech terms. I'd basically like to download the J16 thread for use away from my home computer

Thanks in advance,
Marcy
  • #173
  • Oct 9, 2007 12:13pm Oct 9, 2007 12:13pm
Marcy - much of the thread must be sifted through. I've print thread pages 1-65. A lot of the posts are double posted (due to quoting), or just about the James16 website being developed. The only way I could do it is to just copy and paste each page and all the pics I found useful, put them in word and print out 20 pages at a time. Read the 20 pages 2-3 times. Move on to next 20 pages...
I wonder if I'll EVER reach the end of that thread though...

but anyways, my advice is just to alt-tab between word and make the word file and bring that with you to read\print.
"Please sir, may I have some more pips?"
  • #174
  • Oct 9, 2007 12:22pm Oct 9, 2007 12:22pm
2 questions on MT4 -

#1 - I just switched to Interbank MT4 from EFX - to get on the same time frame as most people (GMT). This MT4 seems to have MUCH less in the way of currencies... is this normal or is there a setting I am missing... I think was using some 14+ currencies and that wasn't all of them on EFX. Now I think MAYBE I have 12 available for Interbank.

#2 - My friend and I have both gotten stopped out before our stops were actually hit.
I'm wondering if this quote holds the answer..I'm not sure it does because the price feed is constant even though MT4 doesn't make new bars:
"
Immediately go back on Oanda to the 5 second time frame, then check if it ever hit that price point. It can easily hit your stop and you’d never know because it happened on the 1-60 second time frame, so it never registers on your charts.

Otherwise your broker gave you a reverse reach around."
"Please sir, may I have some more pips?"
  • #175
  • Oct 9, 2007 12:27pm Oct 9, 2007 12:27pm
Quoting J2FcM
2 questions on MT4 -

#1 - I just switched to Interbank MT4 from EFX - to get on the same time frame as most people (GMT). This MT4 seems to have MUCH less in the way of currencies... is this normal or is there a setting I am missing... I think was using some 14+ currencies and that wasn't all of them on EFX. Now I think MAYBE I have 12 available for Interbank.

#2 - My friend and I have both gotten stopped out before our stops were actually hit.
I'm wondering if this quote holds the answer..I'm not sure it does because the price feed is constant even though MT4 doesn't make new bars:
"
Immediately go back on Oanda to the 5 second time frame, then check if it ever hit that price point. It can easily hit your stop and you’d never know because it happened on the 1-60 second time frame, so it never registers on your charts.

Otherwise your broker gave you a reverse reach around."
1. Open market watch. Right click on symbol, click show all. That will give you all the pairs they offer.

2. Is it possible the spread between the 2 currencies is why the SL was hit and it doesn't show it?
JOHN 3:16
  • #176
  • Oct 9, 2007 12:40pm Oct 9, 2007 12:40pm
Quoting renasdad
1. Open market watch. Right click on symbol, click show all. That will give you all the pairs they offer.

2. Is it possible the spread between the 2 currencies is why the SL was hit and it doesn't show it?

Thanks!

It may be the spread... my pal has had this happen with as much as 4-5 pips between his stop and the low\high for the period.

But we'll need to check the spreads currencies, and unfortunatly Idk if that is possible now. But I'm not sure why they would incorporate their spread into their feeds... It would seem to be a way to complicate things more than they need to be - in order to cause the problem I described... getting stopped without the stop getting hit.
"Please sir, may I have some more pips?"
  • #177
  • Oct 9, 2007 1:26pm Oct 9, 2007 1:26pm
well - the consensus is - brokers are incorporating their spreads into our stops. Therefore on a 4 pip spread, if your stop is 1.000 on a short position and price hits .998 then you would be stopped out... I... think...
"Please sir, may I have some more pips?"
  • #178
  • Oct 9, 2007 1:41pm Oct 9, 2007 1:41pm
Quoting Marcy
Renasdad and others,

In yours and numerous FF references to the James16 thread, as we all know this thread is long. I've been trying to read it after work, and lately have been printing out pages to take with me to read. My question: Is there some way to save the entire thread, or portions of it to a thumb drive, so I could stick the drive in another computer and read it elsewhere? I'm not a tech, so I'm not clear on tech terms. I'd basically like to download the J16 thread for use away from my home computer

Thanks in advance,
Marcy
OK Marcy, here's an answer. I've been at this on and off for about an hour, and even then it can be improved.
What you need:

  1. Snag-it (or some freebie screen capture software that can pull a scrolling page off your screen)
  2. PDF Writer (or similar)
  3. Set pages to 5 posts per screen (you may be able to use more, but I couldn't upload the huge file it creates)
  4. Open up the thread
  5. Fire up Snag-it, and set to capture scrolling screen
  6. When finished - Print to PDF

There are some other bits and bobs you need to do but this is the result. If you want to try this and get stuck, call me.

http://www.mediafire.com/?bdk2etcwypy

  • #179
  • Oct 9, 2007 1:51pm Oct 9, 2007 1:51pm
Save as PNG

http://www.mediafire.com/?21xzmvxiepn
  • #180
  • Oct 9, 2007 7:08pm Oct 9, 2007 7:08pm
Quoting PeterFM
OK Marcy, here's an answer. I've been at this on and off for about an hour, and even then it can be improved.
What you need:

  1. Snag-it (or some freebie screen capture software that can pull a scrolling page off your screen)
  2. PDF Writer (or similar)
  3. Set pages to 5 posts per screen (you may be able to use more, but I couldn't upload the huge file it creates)
  4. Open up the thread
  5. Fire up Snag-it, and set to capture scrolling screen
  6. When finished - Print to PDF

There are some other bits and bobs you need to do but this is the result. If you want to try this and get stuck, call me.

http://www.mediafire.com/?bdk2etcwypy

Peter,

Thanks for getting me started. This will be a weekend project for me. I went to mediafire and downloaded the J16 file, but only got the first page. Were there supposed to be more pages, and the ability to scroll through the thread? If so, I'll try downloading it again. Thanks so much for all your hard work. I can certainly "pay" you in prayers!

Marcy
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