I found this market sessions indicator. just puts lines on your chart for market open. aussie.asian london usa markets. there is an offset to make sure it lines up with the open. use the 1 hr chart for this. check it against the real market open on forex factory. the vertical line is the open and the horizontal line of the same color is the market hours up to the close of that market. all color coded. it may help. also nice to see as you go back through the market history. you can pinpoint the most and least volatile times.
Technical Analysis Fallacy
- #40,644
- Edited 11:07am May 14, 2013 10:33am | Edited 11:07am
- | Joined Nov 2008 | Status: Trader | 2,047 Posts
- #40,647
- Edited May 15, 2013 12:24am May 14, 2013 10:51pm | Edited May 15, 2013 12:24am
- | Joined Nov 2008 | Status: Trader | 1,006 Posts
- #40,652
- Edited 5:58am May 15, 2013 5:23am | Edited 5:58am
- | Joined Feb 2006 | Status: adjust your sails to the wind | 1,354 Posts
- #40,653
- May 15, 2013 5:58am May 15, 2013 5:58am
- | Joined Feb 2006 | Status: adjust your sails to the wind | 1,354 Posts
{quote} Your advice is always welcome. Most of the programmers I worked with knew very little about hardware, including me. That's probably why we wrote such awful applicationsI'll probably just stick with the dual-core processor I have and upgrade the GPU so I can run multiple monitors - that's another area I can't make my mind up about. I was going to get 2 x 23-inch IPS panels (1920x1020) and use them with my desktop - for trading and charts. The 22-inch monitor (1680x1050) that I already have I was going to stick to one side and run from...
And yes, find the capital to buy a SSD for system drive. For 100$ you can find 128GB which should be fine.
As for not looking stupid, you can always work on programming stuff on 2 monitors or pretent to do other important work..
- #40,656
- May 15, 2013 7:00am May 15, 2013 7:00am
{quote} I am well, my friend, as well as can be. Here, a little entertainment, A long long story. FTiger, http://www.youtube.com/watch?v=qMBXJFHUrPo regards
i just finished watch the video..
mutation and evolution of aircraft fighter. very inspiring.
once, i used to play game "empire earth" with "the battle of britain" as sub theme of the game.
then i just knew later that it was an epic battle in history.
the German Air Force (Luftwaffe) versus the Royal Air Force (RAF) of the United Kingdom.
"The failure of Nazi Germany to destroy Britain's air defence or to break British morale is considered its first major setback." -history note
steady as she goes
- #40,657
- May 15, 2013 7:02am May 15, 2013 7:02am
{quote} {quote} Good book. I still have a copy in my drawer. Even got my boys to read it. Might pull it out and give it another read now.
honestly, i didn't finish it yet.
will finish it this weekend.
steady as she goes
- #40,658
- May 15, 2013 7:10am May 15, 2013 7:10am
I didn't really want to post this because it doesn't make me look very good. However, I'm quick enough to announce it when I make a profit so I thought I should. Cheers
since you have post your bad thingy.
i want post some of my scorpions
here,
i'm not sure i wrote this off to share my experiment.
but i have posted it anyway. hehe,
these are my experiment:
in my first attempt in demo ,
i learn one thing that so important and crucial.
i.e. there is time that i should take a loss and admit my mistake.
every mistake along with the consequence, depends on the magnitude.
there's mistake that you can cover,
and there's mistake that you can't cover.
there is time even if you put your head into battle,
it would simply cut off your head. no mercy.
but if you humbly admit your mistake, there is mercy.
another day, another battle.
this is my equity return graphic in first attempt,
1% of equity in initial skew and gained 140% Roi in the first week.
it was only sustain 3 weeks before it sunk to 50% of initial equity.
why? because i simply won't take a loss, i won't admit my failure.
my mindset was poisoned by my ego -- "too big to fail"
at the same time, i just realized that it was "eating more than you can chew"
my mindset is weak, my MM was terrible. tragedy.
i must keep remembering "don't hold anything you can't bear"
steady as she goes
- #40,659
- May 15, 2013 7:14am May 15, 2013 7:14am
this my second demo,
i'm realizing that i cannot trade like a bank where i got plenty capital delusion.
so, i've planned to take loss based on my threshold pain (10% of equity)
if the sum of all my negative positions accumulated and reach 10% of my equity,
all of my positions would automatically closed.
but, i got flat graphic of return. and frustation. lol.
is akin like put stop loss in my trading.
sometimes i get it right, sometimes i get stopped.
(sure, there are great traders that could use stop loss wisely and profitably. which i couldn't use it.)
i'm realizing that i cannot trade like a bank where i got plenty capital delusion.
so, i've planned to take loss based on my threshold pain (10% of equity)
if the sum of all my negative positions accumulated and reach 10% of my equity,
all of my positions would automatically closed.
but, i got flat graphic of return. and frustation. lol.
is akin like put stop loss in my trading.
sometimes i get it right, sometimes i get stopped.
(sure, there are great traders that could use stop loss wisely and profitably. which i couldn't use it.)
steady as she goes
- #40,660
- May 15, 2013 7:23am May 15, 2013 7:23am
then i start my 3rd demo, which is started today.
i was think a lot about my 2nd account, why it was still wrong?
then i got a clue about my scorpion, my biggest enemy.
so, i limiting my daily expectation.
if i trade agressively, i could get xxx pips a day with flat attack modus (1:1:1)
but it would ended with the big hole and uncontrol exposure in the end of weeks as the result, because my scorpion grows bigger
and the unmeasurable expectation factor because greed has no limit.
so, i set down my daily expectation to xxx pips a day with risk basis 2% per trade and threshold pain 10% (so, i could deploy some rescue for bleeding position)
if my target was achieved. i scale down my risk factor into 0.2% per single trade
and trade until my trading hours finish. (i trade from asia and stop before london closed).
if it is not achieved in the end of the day or i have losing trade
then i just simply closed all position and trade another battle in another day.
with belief, if i'm good enough market would repaid back my pips in another day.
i got 2% profit today..
but it hasn't tested in every terrain.
i fear if it would futile.. since my target is 2% a day and my threshold pain is 10% (my 5 days of work!)
any advice is welcomed.
i was think a lot about my 2nd account, why it was still wrong?
then i got a clue about my scorpion, my biggest enemy.
so, i limiting my daily expectation.
if i trade agressively, i could get xxx pips a day with flat attack modus (1:1:1)
but it would ended with the big hole and uncontrol exposure in the end of weeks as the result, because my scorpion grows bigger
and the unmeasurable expectation factor because greed has no limit.
so, i set down my daily expectation to xxx pips a day with risk basis 2% per trade and threshold pain 10% (so, i could deploy some rescue for bleeding position)
if my target was achieved. i scale down my risk factor into 0.2% per single trade
and trade until my trading hours finish. (i trade from asia and stop before london closed).
if it is not achieved in the end of the day or i have losing trade
then i just simply closed all position and trade another battle in another day.
with belief, if i'm good enough market would repaid back my pips in another day.
i got 2% profit today..
but it hasn't tested in every terrain.
i fear if it would futile.. since my target is 2% a day and my threshold pain is 10% (my 5 days of work!)
any advice is welcomed.
steady as she goes