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TMS for M30 charts

  • #7,141
  • Aug 24, 2015 10:06am Aug 24, 2015 10:06am
Quoting griffinssoul
{quote} ummm .... but they were all scalps on EU {quote} SB - do you have trialing on last PT only ? - that sounds like a good idea ...
My broker allows me to place take up to 4 profit levels on a trade position at any one time but also allows to ask it to automatically move my stoploss to breakeven once a certain amount of pips have been reached and also to put a trailing stoploss on once a certain amount of pips have been reached. Basically it acts as a EA position manager and automatically takes profit levels and closes trades without me having to manually manage it myself. My broker is FXPro in the UK using their Ctrader platform, I use MT4 just for charts...

Usually in my setup I have two profit levels taking 25% off each time while moving my stoploss to the prior TP level and trail the remaining 50%. So once TP1 is hit move stoploss to BE, once TP2 is hit then move stoploss to TP1 and then trail remainder.
  • #7,142
  • Aug 24, 2015 10:06am Aug 24, 2015 10:06am
Aussie RN 72 at cross roads
Amazing spikes all over. This is how MM get your money
7230
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #7,143
  • Aug 24, 2015 10:17am Aug 24, 2015 10:17am
Quoting SuperBlue
{quote} My broker allows me to place take up to 4 profit levels on a trade position at any one time but also allows to ask it to automatically move my stoploss to breakeven once a certain amount of pips have been reached and also to put a trailing stoploss on once a certain amount of pips have been reached. Basically it acts as a EA position manager and automatically takes profit levels and closes trades without me having to manually manage it myself. My broker is FXPro in the UK using their Ctrader platform, I use MT4 just for charts... Usually...
Hi super
Here in US unfortunately we are highly regulated by BS shit rules imposed by brokers lobbyists.
No hedging ( I am always envious of this option available to others)
Can't close later trades if you have previous trades going.Really stupid rule.Often price range before breaking out.
I really really dislike US brokers but I live in here and my options are limited since same regulators enforce another rule that US citizens can't open account overseas unless its some bogus island shady ones.Legit ones don't take US citizens.Having read your fabulous options I can only droll.
We are so backwards when it comes to trading and gambling that its not even funny.I was forced to close my gambling account. Now can't watch sports anymore.....not fun...
Perhaps one day I'll move to New Zealand....Australia
regards
In trading, you have to be defensive and aggressive at the same time
  • #7,144
  • Aug 24, 2015 10:27am Aug 24, 2015 10:27am
Survived EU, gained a few, gave a few back, down a little. fun
"You know what needs to be addressed , completely completely reverse that".
  • #7,145
  • Aug 24, 2015 10:28am Aug 24, 2015 10:28am
Quoting Davit
{quote} Hi super Here in US unfortunately we are highly regulated by BS shit rules imposed by brokers lobbyists. No hedging ( I am always envious of this option available to others) Can't close later trades if you have previous trades going.Really stupid rule.Often price range before breaking out. I really really dislike US brokers but I live in here and my options are limited since same regulators enforce another rule that US citizens can't open account overseas unless its some bogus island shady ones.Legit ones don't take US citizens.Having read...

Davit,

My apologies my friend but, the info re: brokers and US clients in inaccurate. I'm a US citizen and I use an offshore broker who has been very upfront, transparent, and reliable. There aren't many but, there are a few good offshore brokers who are still willing to work with US clients. A bit of research and you'll find them.
  • #7,146
  • Aug 24, 2015 10:32am Aug 24, 2015 10:32am
I feel lucky not getting in any trades for gold nor oil, imagine my PC down.... Everything happened for a reason. and yah, should be worried about superanuation....
Appreciation is the key to wealth and happiness
  • #7,147
  • Aug 24, 2015 10:35am Aug 24, 2015 10:35am
Quoting sknight1
{quote} Davit, My apologies my friend but, the info re: brokers and US clients in inaccurate. I'm a US citizen and I use an offshore broker who has been very upfront, transparent, and reliable. There aren't many but, there are a few good offshore brokers who are still willing to work with US clients. A bit of research and you'll find them.
Is it in Malta? Caribbean? I read horror stories people not able to withdraw their money and end up being asked endless BS documentation..
Could you PM me the broker if you successfully withdrew funds? I know I tried major Brokers in Australia and New Zealand and they turned me down
Thank you
In trading, you have to be defensive and aggressive at the same time
  • #7,148
  • Edited 11:06am Aug 24, 2015 10:46am | Edited 11:06am
Quoting Davit
{quote} Is it in Malta? Caribbean? I read horror stories people not able to withdraw their money and end up being asked endless BS documentation.. Could you PM me the broker if you successfully withdrew funds? I know I tried major Brokers in Australia and New Zealand and they turned me down Thank you

Endless BS documentation...? Unfortunately, yes, that part is true. But, look at it from the perspective of the broker wanting to validate your identity to keep your account secure. Then it's not such a bad thing. And they give US clients 200:1 leverage, not that that means you have to use it... but, because the leverage allowed is 4x higher than the 50:1 that's allowed in the US, that means you can trade the same position sizes with 1/4 of the required margin deposited and keep the other 3/4 of your trading capital in something like a saving account in the US. Then if the broker does happen to go bankrupt, they disappear with 1/4 the dollar amount that a US broker would disappear with due to the higher required margin in the US.

Again, a bit of research, a few demo accounts to see if the offshore broker fits well with your trading personality. Then maybe a small $300-500 micro account that you can trade and try a few withdrawals from, again, to see if the broker meets your expectations. I'd PM you my broker but, you have to do the research to find one that is a good fit for you personally. Give it a shot... all you have to lose is lower required margin and 4x / the leverage offered in the US.... oh, and no BS rules about hedging or FIFO.
  • #7,149
  • Aug 24, 2015 12:33pm Aug 24, 2015 12:33pm
Quoting sknight1
{quote} Endless BS documentation...? Unfortunately, yes, that part is true. But, look at it from the perspective of the broker wanting to validate your identity to keep your account secure. Then it's not such a bad thing. And they give US clients 200:1 leverage, not that that means you have to use it... but, because the leverage allowed is 4x higher than the 50:1 that's allowed in the US, that means you can trade the same position sizes with 1/4 of the required margin deposited and keep the other 3/4 of your trading capital in something like a saving...
Thanks for your input.My personality has little to do with valid broker.My reading on offshore accounts mainly in islands that they lure clients then refuse giving money back by asking go around documentations.Just a ploy while they transfer your cash to their accounts.
You did not answer my question.Again have you withdrawn money yet from your broker successfully.If yes please PM me their name.
Thank you
In trading, you have to be defensive and aggressive at the same time
  • #7,150
  • Aug 24, 2015 1:05pm Aug 24, 2015 1:05pm
EA went over 1k pips in 1day never seen this before
One of the reasons why I dislike crosses.Get it wrong and pay dearly.
Took this picture with my crappy phone at the beach.
Amazing isn't it?
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In trading, you have to be defensive and aggressive at the same time
  • #7,151
  • Edited 2:06pm Aug 24, 2015 1:12pm | Edited 2:06pm
Quoting Davit
{quote} Thanks for your input.My personality has little to do with valid broker.My reading on offshore accounts mainly in islands that they lure clients then refuse giving money back by asking go around documentations.Just a ploy while they transfer your cash to their accounts. You did not answer my question.Again have you withdrawn money yet from your broker successfully.If yes please PM me their name. Thank you


Yes, I have. And no, I won't PM you the brokers name. You need to do the research yourself, just like I had to.



Oh, and by the way, EN / GN had massive 1,000 pips moves each to the north.
  • #7,152
  • Aug 24, 2015 3:25pm Aug 24, 2015 3:25pm
Quoting likica
{quote} I m using ECN, was counter trend trade and got killed, my bad, was seeing EJ diving expecting EU turning too
Yeah I know. So many deadly temptation trades yesterday huh. Don't worth you'll get it all back this week.Wow you're on ecn and they're still stop hunting? Damn bro
  • #7,153
  • Aug 24, 2015 9:26pm Aug 24, 2015 9:26pm
I have been using .2 to .35 lots for my trades. I would say out of 20 trades, I have 16 winners. 2 of the losers were careless trades (got greedy and bought more right after taken profit).

Just downloaded PHX 62's pdf and will study that as well. I am no longer using the other methods which I have spent the last 2 years learning.
Thanks to all for all your help.
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  • #7,154
  • Aug 24, 2015 9:48pm Aug 24, 2015 9:48pm
Nice volatility in the asian session, i hope it continues through the week
  • #7,155
  • Aug 24, 2015 10:41pm Aug 24, 2015 10:41pm
Quoting awcharts
I have been using .2 to .35 lots for my trades. I would say out of 20 trades, I have 16 winners. 2 of the losers were careless trades (got greedy and bought more right after taken profit). Just downloaded PHX 62's pdf and will study that as well. I am no longer using the other methods which I have spent the last 2 years learning. Thanks to all for all your help. {image}
Good on you Awcharts. Keep it up
Appreciation is the key to wealth and happiness
  • #7,156
  • Aug 24, 2015 10:47pm Aug 24, 2015 10:47pm
Quoting allisonmagic
Nice volatility in the asian session, i hope it continues through the week
Yes, did u manage to bag some from those moves Allison?
Attached Image (click to enlarge)
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Appreciation is the key to wealth and happiness
  • #7,157
  • Aug 24, 2015 11:27pm Aug 24, 2015 11:27pm
Quoting likica
{quote} Yes, did u manage to bag some from those moves Allison? {image}

Yeah i banked some pips on EJ, GJ, UJ

Here's the results so far:

#1 EJ

#2 GJ

#3 UJ
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  • #7,158
  • Aug 24, 2015 11:57pm Aug 24, 2015 11:57pm
Quoting likica
{quote} Yes, did u manage to bag some from those moves Allison? {image}
Thanks a lot for another good learning chart, saving this as well , well done on the trade , neat
I Have Learned to Take Some Losses to Make Profits
  • #7,159
  • Aug 25, 2015 12:26am Aug 25, 2015 12:26am
Quoting allisonmagic
{quote} Yeah i banked some pips on EJ, GJ, UJ Here's the results so far: #1 EJ #2 GJ #3 UJ {image} {image} {image}
wow...big bags
Appreciation is the key to wealth and happiness
  • #7,160
  • Aug 25, 2015 12:31am Aug 25, 2015 12:31am
Quoting TheScorpS
{quote} Thanks a lot for another good learning chart, saving this as well , well done on the trade , neat
Thanks TSS. Hope you 've been doing well too. I usually draw on my charts (pic tells more than words) hope to help those who need to see PA clearer.
Appreciation is the key to wealth and happiness
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