anyone need help?

the markets as of right now , lets see where this goes ?

4 hours later and I would have taken profits close to these high points..
eur usd 31 , aud usd 55 , gbp usd 34. eur gbp not showing anything , hmmm.

How are you? I'm very new to forex, been researching and trying the ropes on babypips.com with addition to a demo account with MT4. I still have an issue understanding how to set trend lines or support and resistance. But to be more forward, how to even "know" when would be the right timing to place a position.

Consult a search engine with the following or similar terms - trendline technical analysis *

Consult YouTube with same or similar - trendline technical analysis *

It would benefit to consult the above media with the following - price action technical analysis *

Online - free - Encyclopedia of Chart Patterns >> http://thepatternsite.com/chartpatterns.html

* As you are new to forex it is suggested you keep a tight hold on your wallet for some considerable time. You may find those magic bullet courses disappoint and yourself out of pocket on trading information, indicators, EAs & scripts that are freely available.

If I want to place a trade today for instance..do I then look at what did the chart do yesterday, or when exactly? Not sure how to implement the time frame.

Please explain in a simple way.

Hi,

I have a question related to US Dollar/Bonds.

It appears a fed rate hike in December is becoming increasingly likely, and the press associate this news with a strengthening US dollar.

My question is - If there is an increasingly likely rate hike in December, why is the dollar strengthening? Surely logic would suggest investors should wait until the rate hike is observed in December and benefit from higher yielding bonds? Or would money flow be into another asset class other than bonds?

Any guidance would be welcome.

Thanks.

CSB90

Thanks for the offer to help. i am new to this and i would love it if you can tell me what currency to trade this week that will be profitable.

I like your thread and have a maybe stupid but for me important question.
How can I recognise what leverage I use in my Meta trder account?

Hi,
Because of being a junior member, i can not start a threat to ask this question.
In a candlestick we have only the volume of base currency. for example in eurusd, the fifth column of M1 data is the volume of eur.
where can we find the other side volume (usd volume) or counter currency volume?

.I stopped attending forum sessions because all what was posted there was just too bogus for me too understand.I'm also a newbie and i'm having problems just like Vonokpash.I'm an intraday trader and i use the 5min graph

1. Access your account online personal area for relevant information/
2. Ask your broker.
3. #Post 513 may help - http://www.forexfactory.com/showthre...25#post8896625

I have a question. I am just learning to place support and resistance lines, and i was just wondering if i got it right. Could some one tell me if i am on the right track here?

Hi guys,

I dont know if I this question is suitable for this thread, but I will try. Because if I dont ask answer is still no.

So I need help with margin formula with multiple trades when Im buying/ selling, just averagng my entry level.

USDCAD
Price l volume l margin
1. buy at 1.3510 0,01 ?
2. buy at 1.3520 0,01
3. buy at 1.3530 0,02
4. buy at 1.3550 0,03
5. buy at 1.3570 0,05

Do you know how to count formula from some weighted average after this move and rising volume. I need to put in my excel.

Thank you

Howdy,

What i got is not as much of a question as it is an observation and all im asking for is a kind of discussion.

Yesterday i stumbled upon the thread of DenForex and was impressed with his earnings soooo i decided to check up on his actual trades inside mt4 and check his predictions.
From here on out im assuming DenForex really has the success he claims (assuming not believing, for the sake of argument).
He says his strategy is based on fibos and elliot wave theory which got me reading up on the waves.
At first elliot waves seem "interesting" but when i look at individual trades and chart analysis they seem incredibly arbitrary and i cant subscribe to believing in them. However ive got an argument on why i should try to apply elliot waves even tho i dont believe in the theory.

That being that the structur of 1-2-3-4-5-A-B-C paired with the fractal nature of elliot waves does a few things to your thinking:
First off it reminds you constantly that every up is followed by a down, which as dumb as the observation may seem .. i mean srsly it cant be wrong, but thats a fact that i assume many people seem to overlook (if you check housing bubbles ect.) so it makes you sceptical.
Secondly it urges you to look at different timeframes ... where am i in the big wave where am i in the current wave do they agree?
Thirdly if i assume that sooner or later i will be having a down or a pullback then why enter my position now? wait for that pullback and get in when its there which saves you the pain of jumping into an ongoing trend just to be disappointed 10 minutes later by the retracement.

In short while elliot wave theory may be wrong it still provides you with a mental framework overall increasing your sucess by giving you a guideline to managing your trades and reminding you of things to look at it urges you to look at the biger picture and assists in finding entries by always assuming theres going to be another retracement sooner rather then later.

Hi
I am looking for a trader from this group to make together an accountability group to keep ourselves accountable. We retail traders differently from professional traders that work for a firm, have to make ourself disciplined and have to cultivate that ourselves without "peer pressure". Having an accountability partner in this case will help you a lot to get there where you cant get by yourself.
I am a looking for an accountability partner who is serious and can keep trading discipline.
Reply me below.

Wish you the best of luck and best of trading

Hey maybe someone can give me feedback on my first formulated ruleset.
Or call it guideline to trading.

First off i determine market type and assign a primary + secondary feature to each market.

Feature1: Trending or Range
Feature2: Pure or Range/Trending

This leads us to following options:
Trending Pure -> Only trade with trend
Retractions < Previous High
Trending Range -> Only trade with trend but different set of entry rules.
Retractions > Previous High
Range Pure -> Trade any direction
No underlying weak trend.
Range Trending -> Follow Trend
Underlying weak trend.

Range Primary markets i use:
Resistance levels (either eyesight or fibonacci levels if they apply)
RSI: 3 Periods, 85-15
Bollinger Bands: Base(20)

Trade if:
RSI hits 85/15
&
Bollinger band is Broke
&
Resistance level is reached in same candle
Go against the current candle once conditions met.

Trending Primary Markets:
Resistance Levels
Pure: Resistance levels at previous high entry if resistance level is hit.
Range: enter if hitting the lower border of trendchannel bonus for resistance lines.


Sl and Tp conditions are still in the works.
Used something akin to this the last days and fucked up when i doubled the account got greedy, increased the risk, lost, panicked placed 20 trades... you know the rest glad im using a demo because of shit like this.

So i decided to take the trades that were done under no stress conditions and analyzed the entry levels and formulated these rules in hopes that i obey them.
Actual sl and tp conditions are still up in the air im working on it.

See #Post 513: http://www.forexfactory.com/showthre...25#post8896625

1. See if this post can help you figure things out - See #Post 513: http://www.forexfactory.com/showthre...25#post8896625
2. Check if leverage is listed in your online account personal area
3. Ask your Broker

Hi, I hope someone can help me.
Is there a way to know what was the maximum equity in my MT4 that my account ever reached?

Any1 knows/has some tool for mt4 which allows me to draw fibonacci levels? The base one gets pretty ugly once youve drawn 2 or 3 on the same period

Id like a tool for drawing fibs which allows me to quickly and easily change length color ect.


What would be great would be: Starting to End point is the exact length of the fibs sideways. And each new fib level drawn starts off with a different colour.