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anyone need help?

  • #541
  • Jun 7, 2016 3:53pm Jun 7, 2016 3:53pm
Hello fellow Traders, I don't have a question per se. I'm just looking for a bit of guidance. I am posting in this rookie forum because I have never placed a real trade with real money. I have always felt that if I didn't have a firm grip on how the markets operated I would not use real money. Well, I have been studying the Forex markets since Ivy Frister's forex machine. I have spent the money but more importantly I have spent the time studying so many Forex Trading systems, all types of indicators that we're supposed to be the Holy Grail. Now I have discovered Richard Wyckoff and VSA. My paper trading as well as my binary options trading percentages have risen exponentially. I Now understand volume and price action as the most important thing that a TRADERS should be aware of. However as I was looking for confirmation that VSA was indeed the Holy Grail that I have long been looking for. I joined the Forex Factory only to find PVSRA. now I have started from the very first post about PVSRA. However, it seem as the links to the pdf's no longer work, so I'm skeptical about trying to install the template and indicators. I guess I do have a question. Are these templates and indicators still operational and up-to-date? I am reading everything written by Sonicdeejay & Traderathome and the Sonic R. System. Which seems to deal with Richard Wyckoff principles of VSA, but has, Incorporated support and resistance as a very relevant tool also. Can anyone point me in the right direction.

Thanks in advance.
SMIB/G\
  • #542
  • Jun 7, 2016 10:38pm Jun 7, 2016 10:38pm
Quoting Phylo
{quote} The below EA is tried and tested beyond doubt. In Windows '64' place in Experts folder via File ► Open Data Folder. If more than one terminal is installed open ► origin.txt file to identify the MT4 Terminal. a) SL + TP EA download. Automatic - operates when a position is opened. EA to be on chart before a position is opened. SL & TP settings are in points not pips. 200 points = 20 pips. To disable SL or TP set to 0. b) Stop Loss and Take Profit Scripts - script for MetaTrader 4 Not Automatic - for manual operation after a position...
Thank you so much, I really appreciate it. Works great!!
  • #543
  • Jun 8, 2016 8:01pm Jun 8, 2016 8:01pm
Quoting Uncledodat
Hello fellow Traders, I don't have a question per se. I'm just looking for a bit of guidance. I am posting in this rookie forum because I have never placed a real trade with real money. I have always felt that if I didn't have a firm grip on how the markets operated I would not use real money. Well, I have been studying the Forex markets since Ivy Frister's forex machine. I have spent the money but more importantly I have spent the time studying so many Forex Trading systems, all types of indicators that we're supposed to be the Holy Grail. Now...
Hi,

I posted a very simple system, no indicators, that just works. I can't make it any simpler. If anyone is struggling, please take a look at this thread - http://www.forexfactory.com/showthread.php?t=592827

Lot's of people there making good pips and $ and it's o simple to follow, based on S/R.

Cheers
Pharley
  • #544
  • Jun 10, 2016 2:45pm Jun 10, 2016 2:45pm
Quoting Uncledodat
Hello fellow Traders, I don't have a question per se. I'm just looking for a bit of guidance. I am posting in this rookie forum because I have never placed a real trade with real money. I have always felt that if I didn't have a firm grip on how the markets operated I would not use real money. Well, I have been studying the Forex markets since Ivy Frister's forex machine. I have spent the money but more importantly I have spent the time studying so many Forex Trading systems, all types of indicators that we're supposed to be the Holy Grail. Now...

Have you tried posting on the original thread or on the tech section?
  • #545
  • Jun 28, 2016 8:02pm Jun 28, 2016 8:02pm
Free Tool: TadeProofer - Broker execution comparison
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https://tradeproofer.com/
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #546
  • Jul 18, 2016 1:09pm Jul 18, 2016 1:09pm
hi i'm vanessa i'm seeking help here, because i need information about forex world, i would like to know how to manage my money i have received an inheritance and i want to invest it in forex , do you know some known trader with good results and experience who could help me to manage my account?
Contact me by email : { email address deleted by staff }

i would be so grateful
  • #547
  • Jul 18, 2016 1:19pm Jul 18, 2016 1:19pm
Quoting anvanessa
hi i'm vanessa i'm seeking help here, because i need information about forex world, i would like to know how to manage my money i have received an inheritance and i want to invest it in forex , do you know some known trader with good results and experience who could help me to manage my account? Contact me by email : { email address deleted by staff } i would be so grateful
my Tipp: don´t do that.
(.)(.) think first ...
  • #548
  • Jul 18, 2016 3:56pm Jul 18, 2016 3:56pm
Hello all

Maybe this is a stupid question. But if I don't ask, I will never learn

I don't understand the rationale of moving the stoploss to BE after the trade is in profit. I will ask my question using a simple example

Let's say that I have a sell trade open with 20 pip SL and 25 pip TP. Once the trade is in 24pips profit I move the SL to BE and remove the TP hoping to catch more and more pips.

Now if the price goes back up, it will hit SL and the trade will be closed at BE. If the price goes down I will gain more pips.

Let's say it hits SL at BE. Now isn't this the same as opening a new trade? I mean when I moved SL to BE I had 24 pips in my pocket. But by not taking the profit by closing the trade at that time, I have lost that 24pips. Isn't it the same as closing the current trade and opening another trade at the new price? (Previous trade open price PLUS 24 pips) Isn't it like winning the first trade and losing the newly opened (hypothetical) trade?

Can someone please explain this?

I apologize for my English, I'm not a native speaker
  • #549
  • Edited 5:50am Jul 19, 2016 5:29am | Edited 5:50am
Quoting anvanessa
hi i'm vanessa i'm seeking help here, because i need information about forex world, i would like to know how to manage my money i have received an inheritance and i want to invest it in forex , do you know some known trader with good results and experience who could help me to manage my account? Contact me by email : { email address deleted by staff } i would be so grateful
1. Forex trading is speculation.
2. If you invest in property its highly unlikely to be worthless in a few months.
3. If you invest(speculate) in forex trading the chances that your speculative investment may be worthless in a few months is very high.
4. Don't trust any single individual with your money. Successful traders don't have time to waste on comprehensive individual instruction and advice.
5. If you cannot trade you can try copy trade traders via one of the regulated social copy trade services.
6. There is sufficient free information on the internet to thoroughly educate yourself before any speculative investment. Test waters with a small amount.
7. Search - 'social trade forex' - http://socialtradingguru.com/network...ading-networks - or forex factory commercial link (as education) -
http://www.forexfactory.com/showthread.php?t=585613 - however, it may be advisable, in most instances, no to go through third party but straight to second party original service.
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #550
  • Jul 19, 2016 5:47am Jul 19, 2016 5:47am
[quote=SlownSteadyy;9036346]Hello all Maybe this is a stupid question. But if I don't ask, I will never learn I don't understand the rationale of moving the stoploss to BE after the trade is in profit.

what a question, man you are thinking like a sheep. Learn to think like a wolf and come to your own conclusions. There are many different way´s to trade, some trade with low lotsize or have a lot of money, set there stopp and that´s it, some trade high leverage with tight Sl and can´t risk much and set the trade so fast as possible BE or trail the stopps. Find out what for you and you trading style make sense or is comfortable. You wrote price comes back after 24 pips: do you know how far it comes back? If yes: take the profit or do a hedge or a new short, if not: let the trade run, set him save (BE) or take the profit. IT ALL DEPENDS ON YOU!
(.)(.) think first ...
  • #551
  • Jul 19, 2016 5:47am Jul 19, 2016 5:47am
Quoting Phylo
{quote} 1. Forex trading is speculation. 2. If you invest in property its highly unlikely to be worthless in a few months. 3. If you invest(speculate) in forex trading the chances that your speculative investment may be worthless in a few months is very high. 4. Don't trust any single individual with your money. Successful traders don't have time to waste on comprehensive individual instruction and advice. 5. If you cannot trade you can try copy trade traders via one of the regulated social copy trade services. 6. There is sufficient free information...
(.)(.) think first ...
  • #552
  • Jul 19, 2016 6:57am Jul 19, 2016 6:57am
Quoting maximumguita
{quote} my Tipp: dont do that.
Excellent advise!
  • #553
  • Aug 2, 2016 2:40pm Aug 2, 2016 2:40pm
Hi all,

I have a question about thinkScript.
In thinkScript exists default function "IsAscending", you can see some information about this here:
tlc.thinkorswim.com/center/charting/thinkscript/reference/Functions/Tech-Analysis/IsAscending

Someone can explain to me in details how works this function?

How I understand it right now:
For example, when we use "IsAscending(close, 3)" then true value will be returned when MidBodyVal of bar #3 less than Close price on current bar. It is correct?

P.S. maybe this thread is wrong place for this question, then maybe someone can give me link for correct thread for similar questions?
  • #554
  • Aug 6, 2016 4:42pm Aug 6, 2016 4:42pm
Hello everyone,
I've been lurking around for about a month now and its time to take the next step. DEMO ACCOUNT. Looking for any advice about anything related to opening a demo account. Currently I will be using FXCM which seems to be the of choice for most. Is there anything you wish you would have done when setting up your account? I will be setting up the account in about 4 hrs so any advice before that will be much appreciated.
  • #555
  • Aug 8, 2016 8:29pm Aug 8, 2016 8:29pm
i could use some help
i am a novice with a month or two of experience.
do i have a plan... No... hahaha
i just watch structure, use fibonacci, and study price action.
Ive narrowed it down to the big three usd/jpy, gbp/usd, eur/usd;
i will watch these three like a hawk.
i do monitor usd/mxn usd/try and usd/rub, as well as other exotics since i just returned from Moscow a few weeks ago...
any suggestion would be greatly appreciated.
i just want a simple trading genre...
simplicity is luxury
  • #556
  • Aug 16, 2016 1:07pm Aug 16, 2016 1:07pm
Quoting maximumguita
{quote} my Tipp: dont do that.
Thank you for your suggestions. During this time, I was learning about foreign exchange market. I think it is very interesting.
If you know about a good trader who has a good record in his/her account and works with serious brokers. Please recommend me.
  • #557
  • Edited 3:06pm Aug 16, 2016 1:55pm | Edited 3:06pm
Quoting anvanessa
{quote} Thank you for your suggestions. During this time, I was learning about foreign exchange market. I think it is very interesting. If you know about a good trader who has a good record in his/her account and works with serious brokers. Please recommend me.
okay, first i have to say, im suprised where all the sharks are. Usually, as soon as someone offers Capital, everybody is screaming "here, i can trade for you" :-) So here is my advice: dont look only at the Performance of a Trader, more important is how he uses Moneymanagement and Controls his (your) Risk.
Honestly, i dont know any experienced Trader whom i would give my money :-) maybe except one here from FF but in this case my opinion depends only by looking at his very accurate analysis. So far as i know, he has already clients. Perhaps you like to have a look for yourself here: http://www.forexfactory.com/showthre...577915&page=23
but be aware, IMHO is his Tradingstyle a little bit more risky (short term with high Volume)

Best Regards and good luck
(.)(.) think first ...
  • #558
  • Aug 17, 2016 12:40pm Aug 17, 2016 12:40pm
Quoting maximumguita
{quote} okay, first i have to say, im suprised where all the sharks are. Usually, as soon as someone offers Capital, everybody is screaming "here, i can trade for you" :-) So here is my advice: dont look only at the Performance of a Trader, more important is how he uses Moneymanagement and Controls his (your) Risk. Honestly, i dont know any experienced Trader whom i would give my money :-) maybe except one here from FF but in this case my opinion depends only by looking at his very accurate analysis. So far as i know, he has already clients. Perhaps...


thank you very much for your recommendation
  • #559
  • Aug 17, 2016 1:29pm Aug 17, 2016 1:29pm
Quoting anvanessa
{quote} thank you very much for your recommendation
my pleasure
(.)(.) think first ...
  • #560
  • Aug 17, 2016 5:56pm Aug 17, 2016 5:56pm
Hi there fellow traders.
YES , I could do with some help.

Quick story , I have 30 years experience in the IT industry , systems , coding 4GL , etc , recently lost my job , Im turning 50 this year , been dabbling in Forex for 10 years +

The last few months now being unemployed I've been working on a indicator
I would like a few select and dedicated people to test this with me.
Im not going into the actual workings of the coding or strategy right now. This is a 100 % no repaint indicator, I know , I coded it.
Just simply buy on the red and sell on the blue arrows.
PM me if you are interested.

thanks
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