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  • #642,961
  • May 13, 2012 11:24pm May 13, 2012 11:24pm
good morning guys
last week was quiet good

this week on daily we can see finaly that big H&S breaking
i expect a bounce on daily the question is what will be the bottom on shorter tf
probably i would put my first bet and buy around 2850, so lets wait and do nothing until market decides

on the greece topic:
greece exit from the EU could shake the market on the first few days but after that will be a positive thing on the long run,
hmm however in my opinion greece should stay anyway
like cuting the rothen pieces from an apple it is healthier after but it looks real bad
'You must be the change you wish to see in the world' . Gandhi
  • #642,962
  • May 13, 2012 11:24pm May 13, 2012 11:24pm
Quoting Fjw
ok thx u very much
I am still a beginner
anybody know about trading that rely solely on any candle??
"naked trading" ??????
eh!? look for james16 thread. i saw good advices there about Price actions trades.
  • #642,963
  • May 13, 2012 11:28pm May 13, 2012 11:28pm
Quoting Peepo
why you use 2 accounts? one demo and one live ? are all same trades ?

I test my strategies on the Demo. In the past I used the live account to do that, but cost me too much learning the right exposure vs account size and expected profits.

when I have a good setup that proved forward testing on demo - I run it on my live account. I found out that I need to refresh from time to time the arsenal of systems as they turn poor performers if not maintained, not saying risky to the equity.

I test only solid proven startegies on the demo for forward run and even then I find them draining the equity sometime - lucky it is a demo. It does not reflect too much on the balance/equity curve due to reasonable risk handling of each strategy.
On demo I only trade 5-6 charts EA's, because if handling more is difficult to follow as tight as I want.
  • #642,964
  • May 13, 2012 11:28pm May 13, 2012 11:28pm
Quoting daemon_delux
Go to babypips.com/school

You have all the info there. S/R zones, Japanese Candlestick trading, supply/demand, fibo, everything.

Read those things three times, start a demo account while reading, prefferably a 1k demo account, and start your trading on demo. Once you have at least 6 months of succesfull trading, then and only then go live.

LE : You need to learn about PA to trade naked, and you need to form up your eye. that takes time.
PA?????? what's that?
thanks for the explanation, it is very important to me
  • #642,965
  • May 13, 2012 11:33pm May 13, 2012 11:33pm
Quoting Peepo
eh!? look for james16 thread. i saw good advices there about Price actions trades.
where i can read the james16 thread?
so far I have only heard from friends about forex
  • #642,966
  • May 13, 2012 11:33pm May 13, 2012 11:33pm
Quoting Fjw
PA?????? what's that?
thanks for the explanation, it is very important to me
Price Action. Dude, just go to www.babypips.com/school and learn and came back after to this forum.
  • #642,967
  • May 13, 2012 11:34pm May 13, 2012 11:34pm
Quoting orlee
I test my strategies on the Demo. In the past I used the live account to do that, but cost me too much learning the right exposure vs account size and expected profits.

when I have a good setup that proved forward testing on demo - I run it on my live account. I found out that I need to refresh from time to time the arsenal of systems as they turn poor performers if not maintained, not saying risky to the equity.

I test only solid proven startegies on the demo for forward run and even then I find them draining the equity sometime...
Nice!, i see, i never could trade in Demo accounts with EAs, dont know if something wrong with my broker or what, but looks like it stucks. when i use that same EA in a live account i have no problems.

I also start running an EA now, do you have any source of EAs or you are coding your owns ?
  • #642,968
  • May 13, 2012 11:44pm May 13, 2012 11:44pm
Quoting Peepo
Nice!, i see, i never could trade in Demo accounts with EAs, dont know if something wrong with my broker or what, but looks like it stucks. when i use that same EA in a live account i have no problems.

I also start running an EA now, do you have any source of EAs or you are coding your owns ?
In the past I coded my own, but then it became too much for single one like me to code as needed too much cases and details. I use commercial EA's (just 3 EA's) that are out of the buzz of the "get rich fast" and are almost public domain. Even with those - wrong use may lead to account crashes. So I suppose it also take some experience until operated correctly. EA's are a big issue to operate as they will fail your accoutn unless you have good trading experience and can assist manually if they get you wrong. But results are good for mixed handling manual/automated.
I also think that I have better view of PA now, so that is critical for success. Taking on regular basis profits from the account is vital as always things can get wrong.
I can not recommend using EA's unless one is experienced with manual trading and can take off the EA if it had done wrong.

Regarding EA's on Demo not performing the like on real live account - it depend on your broker demo feed. Many brokers do not feed the same quotes for demo and live account and there are differences in the spread, timing, and time filtering of feeds. It must be verified carefully.
If you can not run EA on demo - ask your broker to enable EA for demo. He may have disable this feature?
  • #642,969
  • May 13, 2012 11:52pm May 13, 2012 11:52pm
Quoting Fjw
PA?????? what's that?
thanks for the explanation, it is very important to me
Fjw, you know what's EA? ................................................................If no, ask from Orlee.
The Thief of Wall Street
  • #642,970
  • May 13, 2012 11:55pm May 13, 2012 11:55pm
Quoting Fjw
where i can read the james16 thread?
so far I have only heard from friends about forex
If your here seeking money, become prepared to lose it. This is not something to be taken lightly. Its a career, if you don't have the drive, determination & patience to see it through your not going to do well. Expect to spend years learning and losing money in the process. So consider it prior to dumping tons of time into it.
  • #642,971
  • May 13, 2012 11:57pm May 13, 2012 11:57pm
Deep insights abouts EAs, I also run many backtesting, but could not find any i was confortably with, so i start making some EA, i guess i am in the fase you was when you code your owns.

Actually i can run the EA in my Broker but have not the same performance, or the client crash or the PC get choppy. maybe have less bandwith. but still i can find another broker for demos.

Quoting orlee
In the past I coded my own, but then it became too much for single one like me to code as needed too much cases and details. I use commercial EA's (just 3 EA's) that are out of the buzz of the "get rich fast" and are almost public domain. Even with those - wrong use may lead to account crashes. So I suppose it also take some experience until operated correctly. EA's are a big issue to operate as they will fail your accoutn unless you have good trading experience and can assist manually if they get you wrong. But results are good for mixed...
  • #642,972
  • May 13, 2012 11:57pm May 13, 2012 11:57pm
Got my eyes on 1,2935...a break of it should lead to 1,2990 this time.
COT: The precious data ignored
  • #642,973
  • May 13, 2012 11:59pm May 13, 2012 11:59pm
Quoting Peepo
Deep insights abouts EAs, I also run many backtesting, but could not find any i was confortably with, so i start making some EA, i guess i am in the fase you was when you code your owns.

Actually i can run the EA in my Broker but have not the same performance, or the client crash or the PC get choppy. maybe have less bandwith. but still i can find another broker for demos.
Did you recently sell one of your EA's to JP Morgan Chase Bank?
The Thief of Wall Street
  • #642,974
  • May 14, 2012 12:00am May 14, 2012 12:00am
Quoting Fjw
where i can read the james16 thread?
so far I have only heard from friends about forex
http://www.forexfactory.com/showthread.php?t=2331

there is a google powered search in the top of the page.

this was a great reading for me, read first 10 pages and open your mind
  • #642,975
  • May 14, 2012 12:02am May 14, 2012 12:02am
Quoting Chicky
Did you recently sell one of your EA's to JP Morgan Chase Bank?
No, i dont sell EAs. Maybe i will if i fail like a trader.
  • #642,976
  • May 14, 2012 12:03am May 14, 2012 12:03am
Quoting Peepo
http://www.forexfactory.com/showthread.php?t=2331

there is a google powered search in the top of the page.

this was a great reading for me, read first 10 pages and open your mind
ok, thx u very much
  • #642,977
  • May 14, 2012 12:04am May 14, 2012 12:04am
Looks like the brits want this to go down
  • #642,978
  • May 14, 2012 12:07am May 14, 2012 12:07am
Quoting Ac1d
Looks like the brits want this to go down
They want their cheap holidays back... Just nip over to Greece, and nip over to Spain...
A genius is born every minute, me I am lucky if my socks match.
  • #642,979
  • May 14, 2012 12:11am May 14, 2012 12:11am
Quoting Chicky
Did you recently sell one of your EA's to JP Morgan Chase Bank?
that was me , but they did not pay me , i gave 50% discounted for one there sales condition ("i should not trade with that EA ")
Mohan
  • #642,980
  • May 14, 2012 12:13am May 14, 2012 12:13am
Quoting mohan76
that was me , but they did not pay me , i gave 50% discounted for one there sales condition ("i should not trade with that EA ")
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