The second trade with this system.. 50 pip +
Multi time frame Simple MACD system 823 replies
DislikedYes, it is a good idea to focus on a few pairs in the beginning to get the feel of the pair and how a market moves....Ignored
DislikedA few things to consider if you trade higher TF's maybe it is a good idea to watch a few more pairs as you have time to find a good instrument to trade and manage..also you wouldn't have to worry about the size of the spreads so much due to the fact most people trade for larger pips with the higher TF's.. Also as prices are like waiting for paint to dry on larger TF's at times it could be wise to scout through a few more pairs so impatience doesn't creep in and you look for the best set ups instead of rushing any trade out of impatience because...Ignored
DislikedOn the days when your nominated markets aren't showing you any signals where you have itchy trigger fingers that's when you could have a look around at different pairs and get the feel of them so as not to get sucked into any of the pairs you trade just because there's no signals at the moment and you just want to trade..Ignored
DislikedAlso great time to back test different pairs to see how they play with your trading plan..Ignored
DislikedAt the end of the day when your making a bucket load of money/pips like the seniors in here you will most probably end up on only a couple of pairs you focus on trading as you will be playing with larger funds and will want to focus your energy on only a few pairs as larger size accounts will play a lot on your psychology as you won't want to mess up with large cash amounts on the line..
where as on smaller accounts people tend to go a bit more shotgun at trading due to not caring as much if they blow a small account so prepared to risk...Ignored
DislikedATR "5" should be good to start with, with value of 0.1250.
I will look at those ATR again, as the YEN crosses can be VERY volatile compare to the Major.
Thank you for helping me.
DislikedEid ul Adha Wishes and
To all Brother and Sister.................With Warmest Thoughts and Happy Wishes Too
Idul Adha carries many messages, one of the most important being that in life, we have to constantly make sacrifices in Godís way for the greater good of mankind.
The mass poverty we find amid the plenty, the hard struggle that many go through in life while...Ignored
Very elaborated reply! Thank you for that!
In this moment I watch 5 pair in regular basis (EU, EJ, GU, GJ, AU, and sometimes EN) for M15 trade, but I feel I am not in full control. This feeling is not a positive one. It is like I have just got driving license and trying to control a 300HP like a pro. It is not possible.
So, I am going to reduce this list to 3 pairs to see what my feeling and understanding would be.
Good point! I have also decided to create a parallel watch list, around 8-10 pairs, where to blend...Ignored
DislikedHi ya Cristiansan..
It looks to me like your on the right track now..Good stuff! and you won't stray to far off track if you just keep absorbing the information and using the information in this thread, you can only get better..
If you can do more back testing that would be good..Ignored