{quote} Hi, Likica! I took that one, too. But since I have a long way to mastering M30, I use a demo account for trading this TF at the moment. That +40 on your chart, is it manually written or is it plotted by pipsometer? On my chart, the pipsometer does not want to show the pips I make.{image} I also took NU, but I exited with only 10 pips profit, because I do not like to be in trades when PA retraces before NYO. So I try to have no trades open after 2 hours after LO. What are your thoughts on this statement? {image}
- #13,385
- Edited 5:06am Apr 18, 2016 4:52am | Edited 5:06am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
Is it a divergence?AUDUSD LH HH Hidden DIV {image}
{quote} Hi Likica, Thanks for the tip. I had not noticed the resistance on H4. K
USDCAD M30 Divergence, is this a good trade?{image}
. Again, nothing is 100%, it comes down to management. I m not in it, don't like the look on H1 facing 200ma and DOL, might be good as it is bouncing off good support. I would love to see a bullish divergence to jump in{quote} Hi, Likica! I took that one, too. But since I have a long way to mastering M30, I use a demo account for trading this TF at the moment. That +40 on your chart, is it manually written or is it plotted by pipsometer? On my chart, the pipsometer does not want to show the pips I make.
Appreciation is the key to wealth and happiness
- #13,387
- Edited 5:19am Apr 18, 2016 5:08am | Edited 5:19am
- | Joined Feb 2016 | Status: Trader | 435 Posts
{quote} What a nice spike up. Can you tell what brought the curve turn around and up? live and demo have so much differences to tell, but if you can do it correctly with demo and have all records for such result, you have more chance to survive
I think money management is very important.And I risk 2 lot that I think that high probility to win,and cover my lost.
I like basket trade.
BTW,BRN is short for Bar Range Narrow?
Lk,is right,ifsomeone you're newbie likes me.don't trade at asian time.
My target is 100pips per day.And I must finish it eveyday,today I finished my target.
I am going live account next week.
From Phx62,LK,Davit,Emm,I learnt a lot of things,and I have a long way to go.
- #13,389
- Apr 18, 2016 5:31am Apr 18, 2016 5:31am
- Joined Feb 2009 | Status: Trader | 1,038 Posts
Thanks for your help, warmth and straight talking Heather.
- #13,390
- Edited 6:40am Apr 18, 2016 6:28am | Edited 6:40am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
{quote} Just take fewer trade，from beginning I trade too much and don't money managerment,because I am confused which TF I should trade and switch TF very often. I think money management is very important.And I risk 2 lot that I think that high probility to win,and cover my lost. I like basket trade. BTW,BRN is short for Bar Range Narrow? Lk,is right,ifsomeone you're newbie likes me.don't trade at asian time. My target is 100pips per day.And I must finish it eveyday,today I finished my target. I am going live account next week. From Phx62,LK,Davit,Emm,I...
btw = by the way
BRN = Big Round Number
I would avoid trading when market has low volitility like Asian session unless there s news from AU NU, then wait 15min after news out then see if any divergence and go with higher time frame like H4 D1.
I don't set my target as that depends on market (not me if I want it or not), what happens if there s no good set up and you have not met your daily target? Will you jump in any trade just to try to reach your target? What if you reached your target and there s a good set up coming? will you say to market 'no thanks"
? treat it like a business where you operate it during business hours waiting for customers/ opportunities come in. Some days it s deadly quiet and could not make any money or even incurring losses, other days are busy, and guess what it's different from having a same paycheck from your boss whether business up or down...btw, I m in EU short
Appreciation is the key to wealth and happiness
- #13,392
- Apr 18, 2016 6:53am Apr 18, 2016 6:53am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #13,393
- Apr 18, 2016 7:05am Apr 18, 2016 7:05am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #13,394
- Apr 18, 2016 7:16am Apr 18, 2016 7:16am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
EJ, long, +40 pips. BUOB, PA closed above S38 (I am not sure if we can use it for buy setups, but maybe Davit can provide more info), PA made a LH, PA closed above 50 EMA, H4 candle was bullish, MTF TDI was up. {image}
Appreciation is the key to wealth and happiness
- #13,398
- Apr 18, 2016 7:29am Apr 18, 2016 7:29am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
