Hi Anuar i'm using ibfx too ,just download Alpari so you do your trading on ibfx base on trading signal from alpari ?How is it so far?
-Sterling
Founder of Day Trading Forex Live
Alright guys im off to bed. Im gonna take a small coma and when I get up Ill do a chart to bring us current and give a pip count for the month. Take care and hopefully this short works out. I would be shocked if the carry trades didnt sell off and drag the G/U down with it.
-Sterling
- #2,244
- Dec 5, 2008 8:43am Dec 5, 2008 8:43am
Alright see you soon .About the charting that would be great thanks
-Sterling
Founder of Day Trading Forex Live
For you yes. You are still long based on the charts you are using. People using Alpari as the standard which is what the room uses are short. Over the course of months I think it all evens out.
-Sterling
Either way, you have to forget about 3h59 of market, and worry about those 1 or 2min between bar change.
Now you have a live long only:
When the bar will close, you look if it's a setup bar to go short;
If yes, place the order below it;
If not, place the reverse trade below previous setup bar.
If the sell wouldn't have been stopped, you'd also only have to ask this question first:
Is is a setup bar to a long?
I know it can be confusing, especially if you are always looking at the bars;
Just imagine, each time you look at the chart, that the bar has just close, and ask yourself what to do next.
Now you have a live long only:
When the bar will close, you look if it's a setup bar to go short;
If yes, place the order below it;
If not, place the reverse trade below previous setup bar.
If the sell wouldn't have been stopped, you'd also only have to ask this question first:
Is is a setup bar to a long?
I know it can be confusing, especially if you are always looking at the bars;
Just imagine, each time you look at the chart, that the bar has just close, and ask yourself what to do next.
- #2,253
- Dec 5, 2008 3:12pm Dec 5, 2008 3:12pm
Either way, you have to forget about 3h59 of market, and worry about those 1 or 2min between bar change.
...
- #2,255
- Dec 5, 2008 3:24pm Dec 5, 2008 3:24pm
Of course what I said about actions to take after this bar closes was meant generally for after a bar closes...
This one particularly is the last of the week, and of course you don't place anything - you exit 5min before its end
LOL
Oh, thanks for the reminder. I am telling you, I am really really starting to hate the Cable. I mean so many damn false breakouts. Why is this biatch keep climbing up this afternoon, *od only knows. After breaking all sorts of support yesterday, I thought for sure it is going to test 1.4278. Then bad news came for the dollar (unemployment), but the dollar went up instead! So I thought oh finally. But then again, this entire afternoon the GBP is recovering. But it must go down, it must.... please
Ugly unemployment made Equity go down and dollar to strengthen - everybody went short on Equity and long on dollar;
But then some better news came out, along with some shorts closing before weekend, and others being squeezed out... that made the rally in Equities and dollar to loose strength.
