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  • #660,561
  • Jun 21, 2012 8:13am Jun 21, 2012 8:13am
Quoting Rooi
This might not be the place but just a general inquiry. I know there are a lot of traders here who I believe are very good and I know who's opinion I regard highly and who's isn't worth even a penny.

I have always used indy's,trendlines,S&R and PA for my trading.But recently Ive tried to trade without the indy's.And have found it quite hard.

Do you think one must try to work toward trading without the indy's to become a better trader or are there some of you who don't mind trading with some indy's forever?

Many thanks
It's very much about what works for you, give two people the same system to trade and they will deliver differnet results.....

I never use indicators as a signal but I sometimes use them as confirmation but rarely.
  • #660,562
  • Jun 21, 2012 8:14am Jun 21, 2012 8:14am
Quoting shawffx
sorry about my bad english`and i'm a newbi in forex...can u tell me what is indy's?

doh! www.babypips.com is the best place for you....
  • #660,563
  • Jun 21, 2012 8:14am Jun 21, 2012 8:14am
Quoting shawffx
sorry about my bad english`and i'm a newbi in forex...can u tell me what is indy's?
indi must be indicator
  • #660,564
  • Jun 21, 2012 8:14am Jun 21, 2012 8:14am
Quoting shawffx
sorry about my bad english`and i'm a newbi in forex...can u tell me what is indy's?
Wellcome
indie = indicator
  • #660,565
  • Jun 21, 2012 8:15am Jun 21, 2012 8:15am
I don't like how it tried to flirt with 40. Gonna wait til H1 close to see whether we are still in range before scalping the range again.
  • #660,566
  • Jun 21, 2012 8:18am Jun 21, 2012 8:18am
Quoting undertaker66
were you serious? about going long?
Yes I was thinking right (for myself). Now I exit with the +2pips Again I must rest for an hr, will back again for regular trade.
TRADE WHAT U SEE NOT WHAT U WANT TO SEE.
  • #660,567
  • Jun 21, 2012 8:19am Jun 21, 2012 8:19am
Quoting undertaker66
but the PPs are supposed to be OBJECTIVE, how the hell can they be objective is the difference is so big????


on my chart it is S1
Depend on your broker - 4 digits are different than 5 digits. Price doesn't have to go straight from S1 to R1 to the pip - treat them as a guidance and look for continuation or movement exhaustion. Pivots is a powerfull tool in trading.
swing it!
  • #660,568
  • Jun 21, 2012 8:21am Jun 21, 2012 8:21am
Quoting tomspin
Depend on your broker - 4 digits are different than 5 digits. Price doesn't have to go straight from S1 to R1 to the pip - treat them as a guidance and look for continuation or movement exhaustion. Pivots is a powerfull tool in trading.
how the hell can it be guidance if the difference is 20-30 pips????

tell me pls ur DP and the time u use

ps right now we are stuck at monthly p
  • #660,569
  • Edited 8:23am Jun 21, 2012 8:21am | Edited 8:23am
S&P is skeptical Spain Bailout... they could downgrade more banks as more details become available....
  • #660,570
  • Jun 21, 2012 8:24am Jun 21, 2012 8:24am
will be loading up some longs....for most of today. Will exit once we make a new high.
  • #660,571
  • Jun 21, 2012 8:24am Jun 21, 2012 8:24am
I'm waiting until 1500GMT before deciding what to do.
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Time turns trend. - W.D. Gann
  • #660,572
  • Jun 21, 2012 8:24am Jun 21, 2012 8:24am
maybe a good chance to go long
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  • #660,573
  • Jun 21, 2012 8:26am Jun 21, 2012 8:26am
I think 1.265 is about to hold, and we may be looking at 1.28
  • #660,574
  • Jun 21, 2012 8:28am Jun 21, 2012 8:28am
Quoting undertaker66
how the hell can it be guidance if the difference is 20-30 pips????

tell me pls ur DP and the time u use

ps right now we are stuck at monthly p
It doesn't matter what anybody in here has as daily pp - mine is certainly off 2/3 pips - pivots calculation is done according to your highs and lows - so your broker servers location has probably everything to do with your pivots. Don't panic - look at your charts and calculate pivots(if you wish to use them) on your charts.
swing it!
  • #660,575
  • Jun 21, 2012 8:29am Jun 21, 2012 8:29am
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  • #660,576
  • Jun 21, 2012 8:30am Jun 21, 2012 8:30am
Boring day today, not very clear direction, PA can easily go both ways, 1.2810 is still untested, but there are also some signs (possible double top forming on H4) so it can go to 1.2570, it's better wait for some clear direction.
  • #660,577
  • Jun 21, 2012 8:33am Jun 21, 2012 8:33am
Quoting tomspin
It doesn't matter what anybody in here has as daily pp - mine is certainly off 2/3 pips - pivots calculation is done according to your highs and lows - so your broker servers location has probably everything to do with your pivots. Don't panic - look at your charts and calculate pivots(if you wish to use them) on your charts.
we look at the same chart but our PPs are 20-30 different? what kind of bs is this?
  • #660,578
  • Jun 21, 2012 8:33am Jun 21, 2012 8:33am
Quoting Brocklesnar
Hey guys i m new to forex trading..i just lost 26% of my account please help me to recover..guide me what should i trade right now..
i went long(GOLD) after unemployment data nd that gave me a loss of 10pips..please help me
Learn
http://www.mangaradja.com/forex-trad...ndamental.html

"Beginners, keep away for this moment and just enjoy watching your computer" because Unemployment Report is not the prior but a super news, it can rock the wall street".
  • #660,579
  • Jun 21, 2012 8:34am Jun 21, 2012 8:34am
can any 1 tell me is dollor getting stronger ?? why Gold is falling after negative data of unemployment ?
  • #660,580
  • Jun 21, 2012 8:35am Jun 21, 2012 8:35am
Quoting undertaker66
we look at the same chart but our PPs are 20-30 different? what kind of bs is this?

what is your broker time (shows in your chart) now ?
Mohan
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