Trying scalping with a 1000 bucks - Scalping is expensive! 39 replies
CHART Reading for serious traders 453 replies
1M & 5M Scalping System (Scalping Paradise) 21 replies
NITRO Variations for Open-minded Traders 290 replies
DislikedMissed the tail end of Frankfurt so had to wait for the Brits to finish their cup of tea but got in at 131.34 and out at 131.27 for +7 pips. Had to work for a whole 8 mins this time - need a nap now.
Hi Slushfund. There are still a few of us oldies around. I have been busy for the last week but at it again full time. Oanda might not be the bee's knees if you are trading the News but for our sort of trading it suits me down to the ground. Spread on the eur/jpy is only 2.4 and if you wanted to trade the gbp/jpy (which I don't like) it is only 3.8...Ignored
DislikedTwo questions
1.- Frankfurt market time is 1 hour before London, isn't it?
2.- Have you tried the full cycle with Oanda (withdrawing money and everything)? Is it all OK?Ignored
DislikedHere is my template as requested. I don't have the mql for the Mi, the eq seems to work fine on my setup.Ignored
DislikedHi Ferrari
I only trade those times when the Stock Markrts open and the wheelers and Dealers are pushing the prices due, I suppose, to traders having to open and close positions to allow them to trade in the stocks.
I therefore trade 9:30 onwards (Tokyo), 3:00 pm (Frankfurt), 4:00 pm (London) and 10:30 (New York), all times Tokyo.
Trades can take anywhere between a couple of mins to 1/2 an hour depending on the PA.
As I am retired, I am fortunate in that I have the time to do this sort of trading as I have nothing else to do with my time,...Ignored
DislikedAwesome, thx. I guess the indicators can only 'indicate' the probable direction, but the engine needs to be in the market to drive price (ie. volatility around market opens).Ignored
DislikedAbsolutely! In the trade I posted today on E/J, I usually like to wait until the brick after a Trix signal, but in this case there was a sudden strong price movement correlated over the 3 pairs so I took it for 8 pips. Price Action is King and overrules any indicator.Ignored
DislikedYeh I was waiting for the candle after the one you traded to close for a momentum signal, but that didn't happen in the end. Those trix signals look very interesting...Ignored