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  • #28,301
  • Sep 8, 2008 3:43pm Sep 8, 2008 3:43pm
Now that was funny....
  • #28,302
  • Sep 8, 2008 3:44pm Sep 8, 2008 3:44pm
Today being a wide range outside bar I think tomorrow, even with news, will be somewhat smaller range. Probably an inside day or two until it makes a new break.
  • #28,303
  • Sep 8, 2008 3:45pm Sep 8, 2008 3:45pm
Quoting acumen
You'll need to shake that idea.

Loss is very much part of this game... so should a SL of 30 PIPS or less if you plan to trade intra-day.

Treat it as a business expense - not a loss.
Thank you for the advice it is a lesson,that is being learned. any advice is welcome here and can only make me a better trader.

Thanks

Derek
  • #28,304
  • Sep 8, 2008 3:48pm Sep 8, 2008 3:48pm
Quoting SpecialEd
What do you use to get those negative numbers? I can't find anything in MT4 (IBFX) that does that?
Thanks,
First of all I'm using FXAccucharts for 99% of my charting except for some quick and dirty MA's I use on the Ibfx platform. The fib tools (and others) are extremely tweakable and that's why I use them. You can (or should) be able to do the same thing fairly easily using the "Fibonacci Retracement" tool instead of the Fib "Expansion" tool.

In either case however, you can go into the Fibo Properies and click in the different boxes to change the values to whatever you want. Remember to put a (-) minus sign in front of the value and also it's description or you'll get in a mess. I don't use MT4 for charting much as it's a bit limiting, but that's how you would do it.

There may well be some MT4 indicator fib alternatives out there that are customizeable, but I couldn't help you there.
FUBAR...
  • #28,305
  • Sep 8, 2008 3:50pm Sep 8, 2008 3:50pm
Quoting acumen
Sarcasm meter: 80%
Could be taken that way but when somebody says I am down 100 pips, I think well that is OK if they were shooting for a 300 pips profit target. In this case not likely though.

Otherwise it tells me they didn't have a stop loss of whatever 20-30-40 pips or they wouldn't be in a -100 pips loss.

Thats all.

Oh and the fact I have done it in the past too.

But you either learn from your mistakes or die from them.
  • #28,306
  • Sep 8, 2008 3:51pm Sep 8, 2008 3:51pm
Quoting acumen
It was ugly.
But today was excelent, this has been so far the best trading day in my small history, at first the expected gap, later bouncing back from R3 filling the gap, than bearish flag on S1 and another jump to S2 than finally breaking S3 and moving 61.8 from daily low and now getting down again.
I'm anly afraid of sushi.
I think a lot of traders may close the month if they want and enjoy the pips.
  • #28,307
  • Sep 8, 2008 3:51pm Sep 8, 2008 3:51pm
Quoting ak4x
First of all I'm using FXAccucharts for 99% of my charting except for some quick and dirty MA's s I use on the Ibfx platform. The fib tools (and others) are extremely tweakable and that's why I use them. You can (or should) be able to do the same thing fairly easily using the "Fibonacci Retracement" tool instead of the Fib "Expansion" tool.

In either case however, you can go into the Fibo Properies and click in the different boxes to change the values to whatever you want. Remember to put a (-) minus sign in front of the value and also it's description or you'll get in a mess. I don't use MT4 for charting much as it's a bit limiting, but that's how you would do it.

There may well be some MT4 indicator fib alternatives out there that are customizeable, but I couldn't help you there.
Obviously, you can ignore my PM. Thanks again,
Ed
Up or down, gimme a ticket
  • #28,308
  • Sep 8, 2008 3:57pm Sep 8, 2008 3:57pm
Can you tell me where i would get charts that show the below, just started trading.

thank you in advance





Quoting cobraforex
But today was excelent, this has been so far the best trading day in my small history, at first the expected gap, later bouncing back from R3 filling the gap, than bearish flag on S1 and another jump to S2 than finally breaking S3 and moving 61.8 from daily low and now getting down again.
I'm anly afraid of sushi.
I think a lot of traders may close the month if they want and enjoy the pips.
  • #28,309
  • Sep 8, 2008 3:58pm Sep 8, 2008 3:58pm
Quoting SunTrader
Could be taken that way but when somebody says I am down 100 pips, I think well that is OK if they were shooting for a 300 pips profit target. In this case not likely though.

Otherwise it tells me they didn't have a stop loss of whatever 20-30-40 pips or they wouldn't be in a -100 pips loss.

Thats all.

Oh and the fact I have done it in the past too.

But you either learn from your mistakes or die from them.
Quote of the day.
  • #28,310
  • Sep 8, 2008 4:00pm Sep 8, 2008 4:00pm
Here is a weekly chart of Crude with some fib levels lining up with a previous swing low $98 - $102 area:
Attached Image (click to enlarge)
Click to Enlarge Name: QMweekly.gif Size: 52 KB
  • #28,311
  • Sep 8, 2008 4:05pm Sep 8, 2008 4:05pm
Quoting cobraforex
But today was excelent, this has been so far the best trading day in my small history, at first the expected gap, later bouncing back from R3 filling the gap, than bearish flag on S1 and another jump to S2 than finally breaking S3 and moving 61.8 from daily low and now getting down again.
I'm anly afraid of sushi.
I think a lot of traders may close the month if they want and enjoy the pips.
It was a good day.

I slept through the EURO session... but took coin out during the US.

m
  • #28,312
  • Sep 8, 2008 4:11pm Sep 8, 2008 4:11pm
Quoting schandi
Can you tell me where i would get charts that show the below, just started trading.

thank you in advance
The Mt4 I use only for charts, I don’t like the execution of the Mt4 orders, it’s to slow for my style.
Beside I have accucharts where you may trade one click direcly from the chart but I'm still not firm enough to customized the chart tools.
Attached Image (click to enlarge)
Click to Enlarge Name: E8.9..jpg Size: 140 KB
  • #28,313
  • Sep 8, 2008 4:22pm Sep 8, 2008 4:22pm
Quoting acumen
It was a good day.

I slept through the EURO session... but took coin out during the US.

m
I was very tired as well but did what I could, now I'm going to lock profit, take a TP point and sleep until London session to be fresh. The Asians may make errors like last week.
  • #28,314
  • Sep 8, 2008 4:32pm Sep 8, 2008 4:32pm
In the FWIW dept, I just found out from ibfx support that as of Sept 5th, they have added a new restriction that requires a 3 pip difference between current price and any SL's or TP's to be set on both live and demo accounts. That has not been the case before, altho I think a couple years ago, it may have been the case on demo, can't really remember.

That will change some things for scalping and narrow range trading. You can no longer fine tune those levels after the fact.... good money maker for them tho.
FUBAR...
  • #28,315
  • Sep 8, 2008 4:38pm Sep 8, 2008 4:38pm
Quoting ak4x
In the FWIW dept, I just found out from ibfx support that as of Sept 5th, they have added a new restriction that requires a 3 pip difference between current price and any SL's or TP's to be set on both live and demo accounts. That has not been the case before, altho I think a couple years ago, it may have been the case on demo, can't really remember.

That will change some things for scalping and narrow range trading. You can no longer fine tune those levels after the fact.... good money maker for them tho.
What horse shit.

I'd be moving on.

m
  • #28,316
  • Sep 8, 2008 4:46pm Sep 8, 2008 4:46pm
Quoting acumen
What horse shit.

I'd be moving on.
m
looking into it as we speak... the real sticker is you get all these crap emails about useless stuff, and then something that really matters... you have to find out the long way..
FUBAR...
  • #28,317
  • Sep 8, 2008 5:04pm Sep 8, 2008 5:04pm
Quoting acumen
I think 3% is high.

I like 1%.

Simple example.

Let's say your account has $1000.00.

1% of $1000.00 is $10.

Your system has a 30 PIP stop.

Each PIP would be worth 33 cents. (10/30)

Don't get MM confused with Risk/Reward.

Mike

http://www.babypips.com/ <-- Forgot the link
Brand new here, I have been lurking for awhile, thanks for this, puts things in perspective.
  • #28,318
  • Sep 8, 2008 5:15pm Sep 8, 2008 5:15pm
chart
Attached Image (click to enlarge)
Click to Enlarge Name: adas.JPG Size: 146 KB
  • #28,319
  • Sep 8, 2008 5:30pm Sep 8, 2008 5:30pm
http://f460.mail.yahoo.com/ya/downlo...0Bulk&inline=1
{Promotion Removed}
  • #28,320
  • Sep 8, 2008 5:51pm Sep 8, 2008 5:51pm
Quoting Algirdas
http://f460.mail.yahoo.com/ya/downlo...0Bulk&inline=1
You may be right however with aisian session they could push it to 50% fib 1.4240 and then down she goes good observation keep it up
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