anyone need help? | Page 20 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Gbp/jpy Need Help With E.a. ( Mobsie ) Anyone 5 replies

Need help with 10M chart - got it already but need some help! 1 reply

need help with a simple MA crossover EA. anyone can help? 7 replies

Need a retracement indicator, anyone can help please? 1 reply

Attachments: anyone need help?
Exit Attachments

anyone need help?

  • #381
  • Mar 7, 2016 8:13pm Mar 7, 2016 8:13pm
Quoting renasdad
I have a feeling this is a thread noone has posted before. I love helping people. I know what it is like to not have a clue when it comes to know where to start with this forex jargen. If there is anyone that has questions that they feel are too stupid to ask publically, you can PM me. If there is anything that doesn't make sense to you, ask. If I don't know the answer, I will do my best to find it. I come here everyday looking for the "newbie" questions to find someone already ansered them. I love helping people. There have been so many people...
What a community we have here on ff except the cynics. Yes FX is extremely challenging, its probably going to be the hardest endeavour that you will ever undertake both financially and mentally. Unlike respected professions such as lawyers or doctors we won't be getting any respect your effort will not be recognised by the public and the market for a long long time.

You'll feel like giving up every now and then. Its going to be a lonely journey at least physically. But you'll be surprised to see the number of people who are more than happy to share what they have learnt and help you out when you're in need. In a way, I think the retail FX community is very supportive of each other but is brutally honest. Without a proper mentor its a tough business to succeed at (well just about everything you'll need a good mentor). I'm happy to see people like you around here . I know there's more if you look closer.
...
  • #382
  • Mar 7, 2016 8:29pm Mar 7, 2016 8:29pm
Quoting renasdad
{quote} This sound exactly like how I felt in the past. I know how you feel and it sucks. I could write a book about it but don't think I have enough time to. The book I love the most is 'Reminiscences of a Stock Operator". I hate reading so I have the book on cd and listen to it quite often even if I'm not totally focused on it and doing other things but it is still getting in my brain kind of like the dude that wants to quit smoking buys a cd and listens to it when he's sleeping​ lol. One key which took me a very long time to understand...
Hi, didnt expect such a swift reply. I think you are right. I did open some big position when I have the "feeling"...... and the temporary lost make me nevous. I will try open half as you said. Hopefully that will calm me down.

thanks for taking time help me.
  • #383
  • Mar 7, 2016 9:14pm Mar 7, 2016 9:14pm
Quoting renasdad
{quote} Hey Jenn... I totally understand how you feel by being overwhelmed with trying to learn how to trade. There is basically unlimited information out there especially now with how the internet works, and at least 80% of the info is garbage. Don't rush yourself thinking you will be able to master it over night. ​ I tried using indicators and EAs and using all the fancy stuff I could on my charts to master trading. There are some people that are able to use indicators and other things on their charts to make money at this. After trying...
Thanks for the advice😊 Yes there is so much out there but so hard to trust anything you read. Sounds like the best thing for me right now is not to give up 😁 And keep studying the charts and candlestick patterns! So happy I found this forum!
  • #384
  • Mar 7, 2016 10:13pm Mar 7, 2016 10:13pm
Hi, can somebody help me? I'm pretty confuse with the rising of interest rates and inflation. I read that rising interest rates is good for the country's currencies, and this will make the currency to be "bull". But however, i read another post saying that rising of interest rates is to curb inflation, and this will make the economy weak. Can someone help me? Furthermore, i don't get why sometimes the rise of stocks would lead to a decline in the eur currency against the usd, and why sometimes it does not... I'm very new to forex trading
  • #385
  • Mar 8, 2016 1:13am Mar 8, 2016 1:13am
Hi.

Can you help to turn me into a successful forex trader? Oh pls do not tell me anything which I dont already know or read about in this forum.

GS
  • #386
  • Mar 8, 2016 5:32am Mar 8, 2016 5:32am
Quoting renasdad
{quote} Welcome Alex...I've learned, at least with my way of trading that less indicators are better for me. The cleaner the chart is, its easier to see what's going on. ​
Thanks I'm glad to start getting involved

I agree with your last post, price action make a lot of sense to me and gives me ideas when analyzing

Would this be the right place to share some chart analysis which is mainly based on price action?

Just wanted to share ideas and get tips
Freedom is an asset.
  • #387
  • Mar 8, 2016 5:56am Mar 8, 2016 5:56am
Quoting alxforex
The moderator keeps refusing my posts, so I have no expectations this will be seen, but I NEED HELP!!! I am a first time poster, so I'm sorry in advance if this isn't relevant to this thread, but I have a very simple trading strategy that I would like to turn into an EA but can't find anything that is similar. The system is this: I place a buy and a sell trade. The price moves into profit of n pips on one side or the other. I then put a stop loss at n/2, and place another trade in the winning direction. When this moves into a profit of n pips, I...
This is maybe the wrong thread, why don´t you ask here: http://www.forexfactory.com/showthre...98#post8799498
(.)(.) think first ...
  • #388
  • Mar 8, 2016 6:41am Mar 8, 2016 6:41am
Quoting genghistar
Hi. Can you help to turn me into a successful forex trader? Oh pls do not tell me anything which I dont already know or read about in this forum. GS
If we told you then that would 'appear in this Forum' so we'd all be wasting your time.

And how does anyone know what you 'already know'.
Road To Wisdom? To err and err and err again, but less and less and less...
  • #389
  • Mar 8, 2016 7:08am Mar 8, 2016 7:08am
Quoting Calculus
{quote} If we told you then that would 'appear in this Forum' so we'd all be wasting your time. And how does anyone know what you 'already know'.
Just being facetious and of course I already knew the answer......hehe

GS.
  • #390
  • Mar 8, 2016 7:21am Mar 8, 2016 7:21am
Good one Geng
Road To Wisdom? To err and err and err again, but less and less and less...
  • #391
  • Mar 8, 2016 9:55am Mar 8, 2016 9:55am
Quoting AlexanderE
{quote} Thanks I'm glad to start getting involved I agree with your last post, price action make a lot of sense to me and gives me ideas when analyzing Would this be the right place to share some chart analysis which is mainly based on price action? Just wanted to share ideas and get tips
I​ don't have a problem with you posting charts on here.
JOHN 3:16
  • #392
  • Mar 11, 2016 6:01pm Mar 11, 2016 6:01pm
Ok I wanted to share a trade I made today and gather some ideas on where I went wrong and what signs I may have missed. Its on GBP/USD I entered the trade Thursday night before the leap upwards about an hour after the London open today (going to be yesterday soon because I posting near to midnight . I actually thought the market was going continue to head downwards thinking a pivot was forming so I sold off at 1.42768. The blue triangle was my price projection but after the market began to move in my direction (pic 2) I modified my target to only about on third of the price projection area which allowed me to reduce my risk by 50% while maintaining my r/r which was 3.5. If you look at the 4hr charts at the time of posting this you will clearly be able to see the move up that took me out today.


Attached Image

A bigger picture of the price movement, I thought price was heading back down.
Attached Image

Was in a profit at this stage if I could I would have bought back part of my position to reduce risk but I'm currently trading the minimum lot size available
Attached Image



how would you have viewed this price movement?

All the best,

Al
Freedom is an asset.
  • #393
  • Mar 11, 2016 8:12pm Mar 11, 2016 8:12pm
Quoting Tcsa
Hi, can somebody help me? I'm pretty confuse with the rising of interest rates and inflation. I read that rising interest rates is good for the country's currencies, and this will make the currency to be "bull". But however, i read another post saying that rising of interest rates is to curb inflation, and this will make the economy weak. Can someone help me? Furthermore, i don't get why sometimes the rise of stocks would lead to a decline in the eur currency against the usd, and why sometimes it does not... I'm very new to forex trading
Too much inflation is bad for the economy.
Inflation is okay as long as it's controlled.

Meanwhile, higher interest rates would give the people an incentive to save.
Saving will decrease the amount of money circulating in the economy, making the currency scarce and less available to use.
Scarce resources tend to increase in value. Scarce currency in circulation will increase the value and purchasing power of the currency.

Let's take AUD as an example. If the RBA (Reserve Bank of Australia) increases interest rates, people will save up to earn interest from their cash. Since money will be in saved, it won't be available for spending, making it scarce. Scarcity increases AUD's value against other currencies.

Here's the thing. News data can offer massive price spikes and dips but the movement won't necessarily go on forever.

Also, I think it's intuitively wiser to not overanalyze market information. Truth be told, the chart's price action can pretty much tell you everything you need to know, as long as you do your best to understand what it says and not overanalyze it.

Good luck with trading!
  • #394
  • Mar 11, 2016 11:21pm Mar 11, 2016 11:21pm
Quoting AlexanderE
Ok I wanted to share a trade I made today and gather some ideas on where I went wrong and what signs I may have missed. Its on GBP/USD I entered the trade Thursday night before the leap upwards about an hour after the London open today (going to be yesterday soon because I posting near to midnight . I actually thought the market was going continue to head downwards thinking a pivot was forming so I sold off at 1.42768. The blue triangle was my price projection but after the market began to move in my direction (pic 2) I modified my target to only...
Alex, I hope when I reply I don't come across as being rude or anything like that. With that being said, I will go a little into what you said and try to show you how I think when I see things happening. ​

First of all, the first thing I noticed is when you said you THOUGHT. That is where you went wrong first in my opinion anyway. We can never trade according to a chart and think in a case like this. You said it went up to a certain level so you thought it was going to come back down to a level. I'm going to post a chart and show you what I see.

In this chart I have a trendlilne which is aqua. As price went up, it formed a symmetrical triangle which is outlined with yellow lines. The bar which I think you are referring to I have highlighted in blue. The bar highlighted in blue is the bar that broke out and closed above the triangle. That bar also bounced off the trendline that was drawn from the 2 points that are highlighted with red circles. After that big up bar closed, notice the two red lines that turn that up bar into a bullish flag.

Always remember to go with the direction price is moving.

I hope this helps a little bit.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.png Size: 60 KB
JOHN 3:16
  • #395
  • Mar 13, 2016 6:04pm Mar 13, 2016 6:04pm
Hi,

I'm a total newbie, I don't even know "leverage" means
I signed up at plus500 and they gave me a welcome bonus and so far I managed to "win" 250% by simply buying when price goes down ...then just waiting until price goes up again and I reach profit. Same for selling when price goes up. Is this a viable strategy, or was I just lucky?
  • #396
  • Mar 13, 2016 9:09pm Mar 13, 2016 9:09pm
Quoting ank98
Hi, I'm a total newbie, I don't even know "leverage" means I signed up at plus500 and they gave me a welcome bonus and so far I managed to "win" 250% by simply buying when price goes down ...then just waiting until price goes up again and I reach profit. Same for selling when price goes up. Is this a viable strategy, or was I just lucky?
If that was a viable strategy, we would all be rich.​
JOHN 3:16
  • #397
  • Mar 14, 2016 6:17am Mar 14, 2016 6:17am
Quoting renasdad
{quote} Alex, I hope when I reply I don't come across as being rude or anything like that. With that being said, I will go a little into what you said and try to show you how I think when I see things happening. ​ First of all, the first thing I noticed is when you said you THOUGHT. That is where you went wrong first in my opinion anyway. We can never trade according to a chart and think in a case like this. You said it went up to a certain level so you thought it was going to come back down to a level. I'm going to post a chart and show you...

Thanks for that reply it exactly what I was looking for, I did find reasons to justify getting in on that move but I guess I have a lot more to learn when it comes to reading charts. I want to ask do you think learning patterns and depending on price action is enough? How has your experience been? Also have you got any books you would recommend when it comes to trading/financial markets?
Freedom is an asset.
  • #398
  • Mar 14, 2016 12:01pm Mar 14, 2016 12:01pm
Quoting AlexanderE
{quote} Thanks for that reply it exactly what I was looking for, I did find reasons to justify getting in on that move but I guess I have a lot more to learn when it comes to reading charts. I want to ask do you think learning patterns and depending on price action is enough? How has your experience been? Also have you got any books you would recommend when it comes to trading/financial markets?
Trading patterns and price action is a good way to trade in my opinion. I also think it takes some discretion at times as well.

A couple good books I really like are "Reminiscences of a Stock Operator" and "Trading in the Zone".​
JOHN 3:16
  • #399
  • Mar 14, 2016 5:14pm Mar 14, 2016 5:14pm
Quoting renasdad
{quote} Trading patterns and price action is a good way to trade in my opinion. I also think it takes some discretion at times as well. A couple good books I really like are "Reminiscences of a Stock Operator" and "Trading in the Zone".​

Thanks,

I read an online copy of trading in the zone and liked it so much a bought a hard copy its a great book I can see why you recommend it , I need to check out Reminiscences of a Stock Operator it sounds interesting.
Freedom is an asset.
  • #400
  • Mar 16, 2016 3:10am Mar 16, 2016 3:10am
I want to know something about trading mind, because overconfident or opposite direction is very difficult to be defeated. I have seen too many people fail because of bad trading mind.
5 traders viewing now