anyone need help? | Page 22 | 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?

  • #421
  • Mar 17, 2016 4:19pm Mar 17, 2016 4:19pm
Quoting AlexanderE
Hello guys, I have a scenario that I need help with, My account is in GBP and I'm looking to sell NZD/USD am I buying NZD/GBP and then selling NZD/USD So do I pay the price of two spreads? are my transaction funds converted to NZD free of charge and then NZD/USD is sold How does it work?? Alex
You are buying and selling what the currency pair is. You are just using GPB money to buy and sell it. You are only paying the price of one spread. ​
JOHN 3:16
  • #422
  • Mar 17, 2016 4:26pm Mar 17, 2016 4:26pm
Quoting mm391
Hi, Being new to Forex trading I was wondering if anyone could recommend good brokers for beginners? Thanks
I would recommend oanda. That is the broker I started with and am still with. ​
JOHN 3:16
  • #423
  • Mar 17, 2016 4:27pm Mar 17, 2016 4:27pm
Quoting renasdad
{quote} You are buying and selling what the currency pair is. You are just using GPB money to buy and sell it. You are only paying the price of one spread. ​
Ok so if I am buying USD/JPY there is there just a conversion of GBP to USD , so I only pay that spread?
Freedom is an asset.
  • #424
  • Mar 17, 2016 4:38pm Mar 17, 2016 4:38pm
Quoting AlexanderE
{quote} Ok so if I am buying USD/JPY there is there just a conversion of GBP to USD , so I only pay that spread?
Yes, that's how it works. ​
JOHN 3:16
  • #425
  • Mar 17, 2016 5:17pm Mar 17, 2016 5:17pm
Quoting renasdad
{quote} Yes, that's how it works. ​
Ok I'm glad that confusions sorted, much appreciated!
Freedom is an asset.
  • #426
  • Mar 17, 2016 8:26pm Mar 17, 2016 8:26pm
Quoting zuhair.ak
{quote} Hi renasdadI have a question for you about oanda and about trading with themI was with tradestation and sold their forex accounts to oanda soBy the reviews seen about oanda and all major brokers i saw allways some people cry that they are scammers etcMy questions areHw long have you traded with them , and was it successful?How is their market order executions ?How is their fund withdrawl, does it delay what is their average slippge in term of pips ?And in your opinion what do you see their pros and cons ?And if i became successful as a trader...
@renasdad this question was for you
  • #427
  • Mar 17, 2016 8:33pm Mar 17, 2016 8:33pm
Quoting zuhair.ak
{quote} @renasdad this question was for you
I do have an account with oanda. I've been with them for about 10 years now. I don't have any complaints about them. I've never had a problem. The pip spread is very good as well. ​

As for how many pips to expect in a month... That's almost impossible for me to answer. It all depends on what time frames you trade, how many trades you take in a month, how aggressive you trade, and what type of system you have.
JOHN 3:16
  • #428
  • Mar 17, 2016 11:42pm Mar 17, 2016 11:42pm
Hey @renasdad,

I have been learning about trading for a little while now, I backtested for quite a while and I have been trading live on a demo account for the last couple of days, and I feel I am getting quite good at it, but I have been plotting lines for my entry, stop loss and take profit, not actually using orders. I decided yesterday that I should start using orders to make this a bit more realistic. I started using buy stops and sell limits, but every time market price gets close to my buy stop, my order disappears. What am I doing wrong to cause this?

Thank You.
  • #429
  • Mar 17, 2016 11:43pm Mar 17, 2016 11:43pm
rensdad,
You started this thread NINE years ago.
I just want to say, you have to be a very good person to be helping people, answering their questions, and doing what you can to help. All the while, asking for noting in return.

Kuddos to you.
  • #430
  • Mar 17, 2016 11:47pm Mar 17, 2016 11:47pm
Quoting onekuelkat
rensdad, You started this thread NINE years ago. I just want to say, you have to be a very good person to be helping people, answering their questions, and doing what you can to help. All the while, asking for noting in return. Kuddos to you.
​Thank you, I appreciate it
JOHN 3:16
  • #431
  • Mar 18, 2016 3:14am Mar 18, 2016 3:14am
Quoting AdinWhitton
Hey @renasdad, I have been learning about trading for a little while now, I backtested for quite a while and I have been trading live on a demo account for the last couple of days, and I feel I am getting quite good at it, but I have been plotting lines for my entry, stop loss and take profit, not actually using orders. I decided yesterday that I should start using orders to make this a bit more realistic. I started using buy stops and sell limits, but every time market price gets close to my buy stop, my order disappears. What am I doing wrong...
​
If it disappears, it's going somewhere. Did it fill the order and you just aren't seeing it? Other than that, I don't have a clue. Maybe someone else can answer this for you.
JOHN 3:16
  • #432
  • Mar 18, 2016 3:49am Mar 18, 2016 3:49am
Quoting renasdad
{quote} ​ If it disappears, it's going somewhere. Did it fill the order and you just aren't seeing it? Other than that, I don't have a clue. Maybe someone else can answer this for you.
This is all I can find that connects to it, it says I have no money but the demo account has heaps. Does this help at all?
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-03-18 16.55.40.png Size: 104 KB
  • #433
  • Edited 5:48am Mar 18, 2016 5:25am | Edited 5:48am
Markets move because people/traders are forced to do something whether that be take profits, losses or put a new position on. No traders can only mean no movement! So trading in reality is always about the other traders.

My advice is simple, try to work out where the other tradrrs are being forced to take losses and then concentrate very hard on the subsequent movement.

A good example is yesterday on the Dow 5m chart.

See how the market was moving nicely higher (London opening) then bam they smashed it all the way down to an important level (the FOMC announcement where lots of buying was done). You know that many traders were being forced out on that move either taking losses if they'd bought up towards the highs or getting stopped out on their unchanged stops.

Do you buy around those lows? No, because who knows if that was the low, it could have gone a lot lower. Instead you say to yourself 'hmmm, that was interesting, lots of longs were forced to do something and if I know one things about markets it's they're PERVERSE so wouldn't it be perverse if we went back to new highs especially as the flow was general up'. Yes would be the answer. So you say to yourself 'OK, I'm in buy mode now, if we start to go back up there should be some sort of long setup. The clue I believe was when they gave it a little smash right around the opening but it quickly went back up. That breakout to new highs was a low risk trade in my opinion and target is new highs. Tight stop could have been used (17002 on the June contract). Does it always work, or course not but losses are part of this game.

Summary: Try to always think about the other traders and how price is messing with them, then look to do the opposite.
Attached Image (click to enlarge)
Click to Enlarge Name: dax.png Size: 56 KB
Road To Wisdom? To err and err and err again, but less and less and less...
  • #434
  • Mar 18, 2016 5:52am Mar 18, 2016 5:52am
what do you think will happen if CAD goes up for
EUR/USD
EUR/NZD
  • #435
  • Mar 18, 2016 5:59am Mar 18, 2016 5:59am
Quoting tom2015
what do you think will happen if CAD goes up for EUR/USD EUR/NZD
They will both move, that's the only thing you can say with 100% probability. Sorry to be flippant
Road To Wisdom? To err and err and err again, but less and less and less...
  • #436
  • Mar 18, 2016 6:04am Mar 18, 2016 6:04am
Quoting Calculus
{quote} They will both move, that's the only thing you can say with 100% probability. Sorry to be flippant
you are to be honest

I tried to figure the correlation but i couldn't know , any one experienced this before

As the logic if cad go up then eur/usd will be up and eur nzd down

and for me if that happens its a disaster so I want to confirm if I have to close my trade before 4:30 or keep going
  • #437
  • Mar 18, 2016 6:48am Mar 18, 2016 6:48am
Tom, one of the first rules of successful trading is to take responsibility for what you're doing. Message boards are NOT the place to ask should I stay or should I get out etc?

The correlation data is all out there for anyone to find, it's not hard, but note that sometimes they work and other times they don't, and nobody knows if the correlations that have been working will suddenly stop or even reverse.

Plus, trading should never result in a disaster, if it does then you plainly have a position that's too large. When you put the position on, before in fact, you should have worked out where YOU would be wrong and then get out if that happens. If asking here whether you're right/wrong or should get out or keep the position means you haven't done the right work then you have to go back to the drawing board and come up with a plan that relies on your judgement and overall analysis rather than mine or anyone else's.

Anyway, what happens if somebody says 'get out' and that advice turns out to be wrong? Then it will be a case of you get into a position and then rely on some stranger on a message board to tell you if/when to get out. Same thing if the stranger says stay in and that's the correct advice, you'll be relying on somebody else to advise you on whether to take profits. Can you see how strange that is?
Road To Wisdom? To err and err and err again, but less and less and less...
  • #438
  • Mar 18, 2016 8:04am Mar 18, 2016 8:04am
Hi. I'm currently learning about currency correlations. What is a currency breakout? I've checked several websites on the definition but I still don't understand.
  • #439
  • Mar 18, 2016 8:20am Mar 18, 2016 8:20am
Hi Traders: Do you know sites where I can extract past Meta Trade raw data and charts that I can duplicate on Excel for analysis purpose? Thanks
  • #440
  • Mar 18, 2016 8:35am Mar 18, 2016 8:35am
Quoting Goh
Hi. I'm currently learning about currency correlations. What is a currency breakout? I've checked several websites on the definition but I still don't understand.
​
This is a breakout
Attached Image (click to enlarge)
Click to Enlarge Name: breakout.png Size: 38 KB
JOHN 3:16
0 traders viewing now