Did anyone know a software which takes auto screenshots in .png format???
Lets say every 30 minutes
Lets say every 30 minutes
1M & 5M Scalping System (Scalping Paradise) 21 replies
Simple Scalping System 64 replies
xPip Simple Scalping 27 replies
DislikedOriginally Posted by FiboFan View Post
watch a trend start and not be in it till a pullback then to jump in at
very small signal and hope your at the begining of a trend.
My skills in different areas have mostly improved lately. But, entering on
pullbacks isn't one of them. LOL
Actually my best entrance is not really a pullback but more like a stall after a strong move. A pullback tends to be too inaccurate. Those "stalls" don't retrace and when the move again almost always cover the spread plus extra instantly...
If the market doesn't go my way I'm out at twice the spread!
Do you pre-set a "catastrophic" stop farther out?
Any farther than twice the spread is Catastrophic... : )
Its too tough to gain those pips back
The discipline to get out then is another story!!
DislikedI tried exponential progression of a factor of two (ie: one MA is twice a previous MA). Didn't like how it looked, and went back to linear progression. However, that square of numbers doesn't look too bad.Ignored
DislikedHuh... interesting correlation. I wonder if the intraday is the same. I was thinking of getting into the Dow eminis during US market hours.Ignored
Dislikedus stock market is the reflection of carry trade movements hence correlation with such pairs as gbp/jpy eur/jpy... they will look similar on bigger timeframes but not much on tick or 5 sec chartsIgnored
DislikedI still "sit" on a 7 pip gain waiting for more as it dissapears : (Ignored
I have done record yesterday in demo trading ,I reached the 176 !
So today I received a message that demos are not available anymore in mbtrading,lol.
Is this for me only ,or you don;t have access too?
DislikedThe biggest challenge that any trader will face is the one that deals with the mental strategy of a trader.
If you watch the charts for hours and hours, without thinking of making a trade, but to just get as familiar with the pair you trade, then you will start to see a cycle/trend with that pair.
I use the Rainbow occasionally for more screen time, but I spend most of my time watching the price action itself, thus the second chart Linuxtroll shows on post #1.
It is very easy to get overwhelmed in Forex, but I personally came to a decision some time back to take on one pair, and that has been the E/J.
I have many charts with pairs on my screen top, but I only press the button for E/J 95% of the time, I will take a trade on a few pairs if they are ready to pick.
I remember thinking when I first started that I would be rich in 90 days, no problem, this is easy stuff. Come to find out, that 90 days was the longest and worst 90 days of my trading career.
I don't know how long most traders take in their learning curve, but the Rainbow will teach you fast about price action, and that is where the money is made. One can trade many timeframes, but after a while you just start to see the price move (rainbow reveals this) and you start to pick up more wins then losses.
Learn from small losses, keep it real simple, and do not overtrade.
Linuxtroll says he usually goes for a 6 pip move per day, WOW, if we stopped at our first 6 pip win, then we would be more successful, because most traders are trading way too much.
I have only made about 5 trades since market open, and I have yet to make one trade today, even though I made about 20 paper trades for learning the EJ characterstics.
Keep on pressing on, and make smaller mistakes by making less trades.
Just my two cents worth folks.
Enjoy and prosper.