any thoughts on this? countertrend but close to highs... just learning guys
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- #7,562
- Mar 11, 2010 2:20am Mar 11, 2010 2:20am
hey seba. Was just wondering why you use pro real time EOD data for forex? I find it decent for stocks but forex has free data so may as well utilize it from any mt4 demo source.
You should just get an mt4 demo account with someone so you have the live data coming through.
You can then be on top of things as about 8 hours of trading has occurred since that pin bar you are looking at.
Just an idea hope you dont mind
You should just get an mt4 demo account with someone so you have the live data coming through.
You can then be on top of things as about 8 hours of trading has occurred since that pin bar you are looking at.
Just an idea hope you dont mind
hey seba. Was just wondering why you use pro real time EOD data for forex? I find it decent for stocks but forex has free data so may as well utilize it from any mt4 demo source.
You should just get an mt4 demo account with someone so you have the live data coming through.
You can then be on top of things as about 8 hours of trading has occurred since that pin bar you are looking at.
Just an idea hope you dont mind
- #7,565
- Mar 11, 2010 2:39am Mar 11, 2010 2:39am
thought it looked like a mac, saw those bubbles on the top left lol.
i see your issue, damn macs lol
yeh hard to find a good java based platform, I have tried as i was keen on linux at one stage. fxcm have a mac platform u should head on over there and give it a go. I am not sure if you can demo it though but maybe worth looking into. Oanda has crap charts but hey atleast it is realtime data
i see your issue, damn macs lol
yeh hard to find a good java based platform, I have tried as i was keen on linux at one stage. fxcm have a mac platform u should head on over there and give it a go. I am not sure if you can demo it though but maybe worth looking into. Oanda has crap charts but hey atleast it is realtime data
thought it looked like a mac, saw those bubbles on the top left lol.
i see your issue, damn macs lol
yeh hard to find a good java based platform, I have tried as i was keen on linux at one stage. fxcm have a mac platform u should head on over there and give it a go. I am not sure if you can demo it though but maybe worth looking into. Oanda has crap charts but hey atleast it is realtime data
A beginner with a mac is not such a good combo I must say. I ended up looking for less reliable intraday trades to reduce my risk, and naturally mainly lost.
Also, I'm working on ProScreener filters (pinbars w/ high volume in stocks, and so on) which are quite cool, another good reason to stick to prorealtime I find. Then I can always check the progress of the chart in Oanda or my spread betting platform. But you're right, by the time I get the daily bars the Asian session will have affected the pairs, it's an issue I'll have to look into.
Thanks for you help mate!
- #7,571
- Mar 11, 2010 8:33am Mar 11, 2010 8:33am
- Joined May 2009 | Status: step into liquid | 3,459 Posts
i promise this is definitely the last one today, sorry!
Post all the charts you want. That's what this thread is about imho.
You may want to send lionsden a private message about running mt4 on mac. He has a mac and knows a workaround somehow. He is in my buddylist if you want to look him up. I think he is out of town but he will help when he checks in.
Mike
- #7,572
- Mar 11, 2010 2:15pm Mar 11, 2010 2:15pm
With the way the markets are behaving it's quite clear something big would happen soon. When you take a glance at most of the pairs (even crosses) you can feel what the market is saying (Risk Aversion). Traders are waiting because there's not been much meaningful movements to say otherwise. Basically it's too quiet so the best thing would be to wait for CLEAR breaks (with confirming PA, of course).
CHARTS::
Looking at this pair it's obvious the bears have been in control with price below 90.00 resistance level (which coincidentally confluences with the 50-61 fib level) keeping their bias unchanged. A breach above 90 level would have to see price hitting the 100 key level. And if there's a breach above 100, I'm a bull.
But for now I'm neither a bear nor a bull, I'm just a calm buffalo waiting for the red flag.
CHARTS::
Looking at this pair it's obvious the bears have been in control with price below 90.00 resistance level (which coincidentally confluences with the 50-61 fib level) keeping their bias unchanged. A breach above 90 level would have to see price hitting the 100 key level. And if there's a breach above 100, I'm a bull.
But for now I'm neither a bear nor a bull, I'm just a calm buffalo waiting for the red flag.
- #7,574
- Mar 11, 2010 7:11pm Mar 11, 2010 7:11pm
- | Commercial User | Joined May 2007 | 7,685 Posts
i promise this is definitely the last one today, sorry!
Very interesting pin there.....and don't apologize, calderone is correct - the charts is mainly what this thread is about. Post away, no matter the market.
- #7,577
- Mar 11, 2010 8:15pm Mar 11, 2010 8:15pm
- | Joined Apr 2009 | Status: temporarily correct | 1,757 Posts
- #7,578
- Mar 11, 2010 8:20pm Mar 11, 2010 8:20pm
- | Joined Apr 2009 | Status: temporarily correct | 1,757 Posts
I have been short this NZD/USD pair for ages, with a core position, I think it will fall sooner or later.
- #7,579
- Mar 11, 2010 11:11pm Mar 11, 2010 11:11pm
any thoughts on this? countertrend but close to highs... just learning guys
Sebafx,
Very astute young trader...props to you.
Be patient as the markets will be here long after we're gone.
Study your charts and print them out and plaster them on your wall. Time is a wonderful teacher.
And try not to pick tops and bottoms...leave that responsibility to the gunslingers on the other threads.
Keep your idea's coming.
golferfx
