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anyone need help?

  • #341
  • Jan 19, 2016 10:27pm Jan 19, 2016 10:27pm
I wasn't trying to be rude and call you stupid. ​
JOHN 3:16
  • #342
  • Jan 19, 2016 11:20pm Jan 19, 2016 11:20pm
may i asking a question? how to post my charts/Attachment in the forums? thank for helping
"Discipline will make all elements need to become good trader stick to you.
  • #343
  • Jan 20, 2016 12:17am Jan 20, 2016 12:17am
Save your chart to your computer, when you reply on a thread, on the bottom left there is a link that says "upload from computer". Click that, find the file and voila. ​
JOHN 3:16
  • #344
  • Jan 20, 2016 12:20am Jan 20, 2016 12:20am
ok i see it right now...very thankful ....thank you so much for helping
"Discipline will make all elements need to become good trader stick to you.
  • #345
  • Jan 20, 2016 12:25am Jan 20, 2016 12:25am
No problem dude​
JOHN 3:16
  • #346
  • Jan 20, 2016 12:41am Jan 20, 2016 12:41am
one more question how to make trading quote/other show in the green circle as show in pic...sorry about take your as example.....dont be mad....if does i apologize
Attached Image (click to enlarge)
Click to Enlarge Name: 651.jpg Size: 155 KB
"Discipline will make all elements need to become good trader stick to you.
  • #347
  • Jan 20, 2016 12:09pm Jan 20, 2016 12:09pm
Hello i love the idea of this thread because I'm also a newbie(started few months ago). I have some problems with the market because i go to work and can only trade after 15.30 gmt. I know it's not that late but often i have the feeling that the market is in a range. I've tried some systems like the genesis and the symphonie matrix but they all recommend trading this methods after london open. So I'm searching for a good method to trade after 15.30 gmt.

A few days ago I downloaded the mt4 app for my phone but the problem is that there is no possibility to use custom indicators. So I thought about a london breakout strategy in h1 chart, which I can check every hour when I'm at work. Have you an idea for such a strategy using only the standard mt4 indicators on my phone.

I hope you'll answer soon and happy trading for everybody.


PS: Englisch is not my first language, i hope that it is understandable
  • #348
  • Jan 20, 2016 2:09pm Jan 20, 2016 2:09pm
Quoting Mbt
Hello i love the idea of this thread because I'm also a newbie(started few months ago). I have some problems with the market because i go to work and can only trade after 15.30 gmt. I know it's not that late but often i have the feeling that the market is in a range. I've tried some systems like the genesis and the symphonie matrix but they all recommend trading this methods after london open. So I'm searching for a good method to trade after 15.30 gmt. A few days ago I downloaded the mt4 app for my phone but the problem is that there is no possibility...
One thing you can do is trade on daily charts. But if you are wanting to trade and able to monitor charts every hour, here is a good system for you to take a look at.

http://www.forexfactory.com/showthread.php?t=7603
JOHN 3:16
  • #349
  • Jan 20, 2016 2:14pm Jan 20, 2016 2:14pm
Quoting neo1994
one more question how to make trading quote/other show in the green circle as show in pic...sorry about take your as example.....dont be mad....if does i apologize {image}
Up at the top of the screen where you see your username click that. Then in the middle of the screen on the top click settings. In there you will find a place that says "text signature".
JOHN 3:16
  • #350
  • Jan 20, 2016 5:40pm Jan 20, 2016 5:40pm
Quoting renasdad
{quote} Up at the top of the screen where you see your username click that. Then in the middle of the screen on the top click settings. In there you will find a place that says "text signature".
thank again for helping me....thank you
"Discipline will make all elements need to become good trader stick to you.
  • #351
  • Jan 22, 2016 3:09pm Jan 22, 2016 3:09pm
Quoting renasdad
{quote} One thing you can do is trade on daily charts. But if you are wanting to trade and able to monitor charts every hour, here is a good system for you to take a look at. http://www.forexfactory.com/showthread.php?t=7603
Thank you! This strategy is great and I had my first good trades with it.

I hope that you can also help me with my other question.
I'm currently trading with FXCM on a demo acount and in a few weeks I want to start with a small amount of money on a real account. It has to be FXCM because they are the only broker I know, where they have a trading app for mobile with the indicators I need.(Trading Station). If you open an account at FXCM with less than 2000 dollar, it has to be dealing desk. On the internet I found some negative aspects about dealing desk but the service from FXCM told me that there are no manipulations..
Have you experience with dealing desk brokers?
  • #352
  • Jan 23, 2016 3:49pm Jan 23, 2016 3:49pm
One good way to learn is to pick a time period and then look for the big moves (this can be done for any market, stocks, bonds, FX, commods etc).

So take EUR-USD as an example on the 20m. A big move will be at least 100 ticks and better 200-300+. The move should also have thrust so you're not looking for a steady placid move higher. The big moves should stick out on the chart like a sore thumb.

Then go study the previous 10-30 bars.

What happened?

Was there anything there that might be a clue as to the big move some bars later?

Then look at another market, do the same thing, perhaps change the time period to 240m or even weekly.

Then go study the previous 10-30 bars.

What happened?

Was there anything there that might be a clue as to the big move some bars later?

Then pick another market and so on. Chances are when you first start out you won't see much but later on you might, start investigating that. The more work you put in the better you'll become it's as simple as that.

Good luck.
Road To Wisdom? To err and err and err again, but less and less and less...
  • #353
  • Jan 25, 2016 10:00am Jan 25, 2016 10:00am
Another good analysis job for people starting out.

Look at the RESPONSE to a move, that's what should be traded or at least analysed with a possible view to trade.

So the market gets smashed, perhaps through an important level. Important levels normally offer 2 moves (after the level is breached), 1) the move continues, or 2) it reverses. Yes, I know that sounds like 'price either goes up or down' but it's more subtle than that.

So the market gets smashed, what you know about that move is that many traders have been forced to 'do something'. Perhaps take profits or losses or move limit/stop orders to different levels. Take the ones that have taken losses. Chances are when the market moves again they'll be forced into doing something.

Here's what I mean. Market gets smashed and that move stops a lot of traders out. But assume that the smash was designed for just that purpose (to get people out). So if price starts moving back up a lot of those traders who got stopped out will probably have to buy into the market again (but only if it rises). That can create far more buying than selling and therefore a good move on the upside.

So by watching the RESPONSE to the smash it can many times offer a good low risk long entry.

What you will often find in such trades is you buy at a far higher price than the low (the smash) and at first glance buying far higher doesn't seem the best move BUT you'll be buying into a market that has some wind behind it. Some people call this a tail wind and it can offer a far better risk/reward trade than buying around that low because a) you don't know until well after the fact that it was a big low (could have gone a lot lower), and b) a tighter stop can be used. So you might only have to risk 20-30 ticks to make 50-100+.
Road To Wisdom? To err and err and err again, but less and less and less...
  • #354
  • Jan 25, 2016 4:23pm Jan 25, 2016 4:23pm
Quoting renasdad
{quote} Vono, During my trading, I have found it is very hard to make only 10 pips a day. Don't take that the wrong way. 10 pips to get are simple. Closing a trade at 10 pips is the hard part. You see the positive pips and feel you are right. You let the trade go cause those 10 pips were so easy to get and think it will go to 20 pips. It drops back down to 1 or 2 and instead of closing the trade, you let it go cause it "has" to go back up. Next thing you know, you are down 10 pips or even more. When you are looking to make a trade and only get 10...
i am in on this one.would like to benefit from this as well.please excuse my indulgence
  • #355
  • Jan 26, 2016 4:55pm Jan 26, 2016 4:55pm
I have a complete newbie question...

What's the catch when scalping?

I' ve been demo trading on an account set up with a 100euros on 50:1 leverage. As far as I can tell from the documentation the broker allows an initial capital that small with that leverage as well as trades of any size and has no restrictions on timings of positions held and trades.

Managing a few (10 or so) very short-period trades a day to gain only a couple of pips (after fees) with very little risk (since stop loss is also at a couple of pips) brought 20% a day.

Now at 1000E capital that strategy still brings 20% a day...

I keep reading here that it all changes on much larger positions when live trading...but I am not a greedy man. 200E a day is 3 times my daytime job salary.

So ...whats the catch when trading live?
  • #356
  • Jan 27, 2016 4:33am Jan 27, 2016 4:33am
Quoting clckgr
I have a complete newbie question... What's the catch when scalping? I' ve been demo trading on an account set up with a 100euros on 50:1 leverage. As far as I can tell from the documentation the broker allows an initial capital that small with that leverage as well as trades of any size and has no restrictions on timings of positions held and trades. Managing a few (10 or so) very short-period trades a day to gain only a couple of pips (after fees) with very little risk (since stop loss is also at a couple of pips) brought 20% a day. Now at 1000E...
The only catch is it seems possible but in reality it's actually very hard to do with any consistency because you're using a very tight stop of just a few ticks.

The best way is to find out things for yourself with some real money at risk. Open an account, risk $1-$5 per trade to start with and see how you get on.
Road To Wisdom? To err and err and err again, but less and less and less...
  • #357
  • Jan 27, 2016 4:51am Jan 27, 2016 4:51am
Quoting Calculus
{quote} The only catch is it seems possible but in reality it's actually very hard to do with any consistency because you're using a very tight stop of just a few ticks. The best way is to find out things for yourself with some real money at risk. Open an account, risk $1-$5 per trade to start with and see how you get on.

Is that all really? I mean...there is no hidden mechanics in the demo traders or something like that?

By no means am I saying it's easy (even those few small trades are done with a maximum of research) or playing it smart...

Just asking whether demo traders accurately reflect live trading all things considered equal:

i.e. if i made those same trades at the same prices and with the market behaving the same way...assuming that market behaviour in demo traders is similar (in terms of mechanics and response) to the real market would I end up with the same gain?

The scenario I mentioned earlier is obviously tailored to the fact it is not actual money but it seems that with a larger capital investment in a live account (of say 1000E) and being even more safe (trading really obvious cases) you can still get like 10-15E a day which is not bad for a couple of hours work just for some extra cash and I just wanted to know if I'm missing something obvious.

I guess what the question boils down to is : Is greed what really makes traders lose money? It seems that if you had a capital to invest of say a 100k and played it EVEN safer than that, it still adds up to 200-300 a day which is 9000 a month. How much money do you actually need ?
  • #358
  • Jan 27, 2016 1:32pm Jan 27, 2016 1:32pm
Quoting clckgr
{quote} Is that all really? I mean...there is no hidden mechanics in the demo traders or something like that? By no means am I saying it's easy (even those few small trades are done with a maximum of research) or playing it smart... Just asking whether demo traders accurately reflect live trading all things considered equal: i.e. if i made those same trades at the same prices and with the market behaving the same way...assuming that market behaviour in demo traders is similar (in terms of mechanics and response) to the real market would I end up...
1. I've never used demo but have heard that fills are normally always better there and things like slippage are small or even non-existent. You can see why the brokers would do this if they want to attract business.

2. No, I don't think if you did all those demo trades in real-time you'd get the same performance, see above.

3. You don't need a large account in this game to play. FXCM offers £0.07 a tick, lose 100 and it will cost you £0.70, call it $1. That's why I say open an account, play really small and see what happens. If you get 10 trades wrong and lose 100 ticks on each the cost will be $10. Of course you won't do that, I was just making a point of how small one can go and how little money can be lost if everything goes wrong.

4. Is greed what makes people lose money? No, I don't think so but it's still relevant. I think fear is the important one out of the 2 words. Money and the markets can be very intimidating and its fear that causes them to do the wrong thing. So if people do the wrong thing the right thing must be to do the opposite!

5. Like I said in an earlier post be careful with that x profit per day, it's not good thinking. Yes, some people can do it, but most investors/traders have to accept a more random distribution of profits (and losses). Again, you might be able to grind a good profit out every day, not saying you can't, but put some money up and find out.

6. How much money does a man need? Depends on his expenses
Road To Wisdom? To err and err and err again, but less and less and less...
  • #359
  • Jan 28, 2016 5:59pm Jan 28, 2016 5:59pm
Hello all,
I have a rookie question I am hoping someone can answer. I have been teaching myself trading for some time now and cannot find an answer after exhaustive google searches, I am most likely not wording myself correctly or the answer is too vague.

-Is it possible for one EA to open long and short trades in two separate accounts or sub-accounts? I am brainstorming a bi-directional grid system and it requires two opposing open trades.

Also, I am in the US, and am using demos with Oanda.
  • #360
  • Jan 29, 2016 6:05pm Jan 29, 2016 6:05pm
Not being rude or anything Renasdad, but genuine question. What qualifies you to be offering other people help with fx trading? Thanks in advance.
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