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anyone need help?

  • #581
  • Dec 1, 2016 5:13pm Dec 1, 2016 5:13pm
Hi guys

i have a quick question

where or how to find what currecy pair correlates with which stock

like

the GER30 makes the same up/down moves like EUR/JPY or makes the oposite moves when the stock goes down the pair goes up

i just want to find out what pair equals what stock or vice versa
  • #582
  • Feb 23, 2017 7:03am Feb 23, 2017 7:03am
Hi i need help

Im at lost currently. and kinda a bit confused what to do since its taken more than a week almost i think

What im currently doing is little by little profit.to counter the loss.

started now at almost 200 usd now down to balance 150
equity to 82 usd

have several open trades... just waiting and waiting for it to be turn to profit...

contact info
FB. Alvin Matthew Tan { email address deleted by staff }
timezone of gmt+8
  • #583
  • Feb 24, 2017 11:50am Feb 24, 2017 11:50am
Quoting calmwinds07
Hi i need help Im at lost currently. and kinda a bit confused what to do since its taken more than a week almost i think What im currently doing is little by little profit.to counter the loss. started now at almost 200 usd now down to balance 150 equity to 82 usd have several open trades... just waiting and waiting for it to be turn to profit... contact info FB. Alvin Matthew Tan { email address deleted by staff } timezone of gmt+8
Okay, what strategy are you using? Because of your lack of capital, it is very important to have tight stop losses
  • #584
  • Feb 24, 2017 12:46pm Feb 24, 2017 12:46pm
Hi there Please i need help. I need just a programming help. I have got this really good indicator on Pivot points. On a regular day when there is not much economic news, it is a very good indicator to combine with your regular RSI period 14. I trade it this way, I wait for RSI to be oversold or overbought as the case maybe, the wait for price to get to any of the resistance point on the pivot indicator then i go the opposite direction setting my Stop Loss in the 1:2 ratio format. It works a lot of the time as long as there is no economic news. It is not perfect, but it gets me by. The only problem is that the pivot point indicator has no alerts. I would love for someone to create an alert on all the pivot point level, with an option to turn off any level you dont want an alert in. I have attached the mq4 file here
Attached File(s)
File Type: mq4 vS_PivotsD.mq4   37 KB | 278 downloads
  • #585
  • Mar 3, 2017 1:16am Mar 3, 2017 1:16am
I am very new to Forex and I'm trying to teach myself. One thing that is still a little confusing is the term "Short" compared to the term "Long". I understand that when you are buying a "pair" or what ever, you are buying "Low" towards a Demand Level and hoping the price of that "pair" will go UP. Your typical BUY low and try to sell HIGH scenario. Now what is confusing to me is the term "Short". I know that it technically means to "Sell" but since I will be trading Forex and in Forex you trade in"pairs".......meaning your always buying one and selling the other. Soooo....when you "Short" a sale in the "SUPPORT" area........technically I'm still buying a pair im just buying the 2nd of the pair and hoping the price of the pair goes DOWN???? Meaning I would still set my SL and TP the same.....just in reverse?
  • #586
  • Mar 6, 2017 6:26pm Mar 6, 2017 6:26pm
Are you still offering help???


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...
  • #587
  • Mar 7, 2017 7:35am Mar 7, 2017 7:35am
Hey guys,

i see that lots of people are still asking for help on this thread. Me being a new trader as well (been at it for about 4 months orso) found great use in reading trading books and listening to podcasts. Also free webinars are a great help!

Hopefully useful for any of you are the following:

A must read for any new forex trader is the book: ''Reminiscences of a stock operator''

Great podcasts that helped a lot are Two Blokes Trading, this is a very very very useful podcasts about 2 guys starting out day trading and documenting the process.

Free webinars are given on about 3 or 4 evenings a week on ETX capital about trading strategies, just have to make an account.

Also of course babypips.com which start you of from the very basics.

Hope any of this stuff is helpful!
  • #588
  • Mar 7, 2017 7:39am Mar 7, 2017 7:39am
Quoting Jmcd0301
Are you still offering help??? {quote}
Hey mate,

in relation to your question, check out this website. It takes you by the hand when starting out in forex.

http://www.babypips.com/school/presc...-in-pairs.html

cheers
  • #589
  • Mar 7, 2017 8:08pm Mar 7, 2017 8:08pm
Yea, I need a newbie help.
I've researched high and low, still never got the answer I want.

The question is simple: Who actually sets the currency exchange rate today? (e.g. EUR/USD = 1.05672)

I get it that it's depending on interest rates, jobs, banks, politics, GDP, etc.

But is there an organization that sets the rate for the whole world to follow? Is it the BIS (Bank for International Settlements)?
If I get the rate EUR/USD = 1.05672 from the broker OANDA, where did OANDA get this number from? Do they set it themselves? But that cannot be, since all brokers are producing the same numbers...right? If each forex broker set their own rates, the forex for a pair would vary so much from broker to broker that it's chaos.

Is there a policing entity that's governing this rate? A center server? I haven't understand this for ages.


Thank you very much!
  • #590
  • Mar 7, 2017 9:46pm Mar 7, 2017 9:46pm
Quoting timlyg
Yea, I need a newbie help. I've researched high and low, still never got the answer I want. The question is simple: Who actually sets the currency exchange rate today? (e.g. EUR/USD = 1.05672) I get it that it's depending on interest rates, jobs, banks, politics, GDP, etc. But is there an organization that sets the rate for the whole world to follow? Is it the BIS (Bank for International Settlements)? If I get the rate EUR/USD = 1.05672 from the broker OANDA, where did OANDA get this number from? Do they set it themselves? But that cannot be, since...
Rates are set by the buyers & sellers in the market.

There is no centralised exchange for fx. fx trades by deep pockets r over-the-counter via the various banks. They watch each other's quotes. algo-trading brings all quotes from the fragmented fx market in-line by arbitrage. Your fx broker has to follow quotes from these big banks, or he will be arbitraged. If he does not follow, someone will come along and arbitrage, & pull him in-line with the market. A little arb here, a little arb there. And everyone is in-line!
  • #591
  • Mar 7, 2017 9:59pm Mar 7, 2017 9:59pm
Quote
algo-trading brings all quotes from the fragmented fx market in-line by arbitrage

Thank you, Econbizer. I learned two words today: algo-trading & arbitrage. Wow! I guess the whole thing is more complicated than I thought. I supposed the arbitrageurs are some quick sharp shooters looking for quick cash as special kind of fx traders...playing at different level than the rest of the regular traders. I wonder if these brokers try to cheat...I mean even for mili-seconds...how, I don't know...making by taking advantage of the complexity of things.

So, my follow up question would be:
If I look at the exchange rate for EUR/USD in a timeline, is there any way of research to determine the cause of every high and low in the past? Or is it too complex to analyze unless it's a super huge pike?
  • #592
  • Mar 7, 2017 11:23pm Mar 7, 2017 11:23pm
Quoting timlyg
{quote} .... my follow up question would be: If I look at the exchange rate for EUR/USD in a timeline, is there any way of research to determine the cause of every high and low in the past....
You are welcome! Yes there is a way. Look back on the highest importance new releases on the economic calendar for USD & EUR related releases. What was the 1 to 15 min swing high & swing low formed by the news release. OR google "eurusd huge spike on 09 Nov 2016" for example.

Clues to what direction to trade is anyone's guess. Was the data better then expected? Did the market react in-line with broad market expectations OR data was good for EUR but a huge bear bar was formed? Market was bearish on better than expected news release.. is indicative of at least a short-term bearish market.

Knowing all these is good, but not enough. We then have to translate them into actionable trades.
  • #593
  • Mar 8, 2017 7:01am Mar 8, 2017 7:01am
Sounds good. I'm gonna print out economic calendar history now...feeling so much to catch up to be a good trader.

Thanks for all your answers econbizer! They really help! Hope to talk to you more in the near future!
  • #594
  • Mar 10, 2017 11:26pm Mar 10, 2017 11:26pm
Renasdad, first, great post and thanks for helping everyone out.

Second, I'm new to forex and started trading the EUR/USD pair last month (February). For about the past 2 weeks it seems fundamentals for the USD have been better than the Euro. Despite this, the Euro has been gaining against the USD. If you trade this pair, does this contradictory behavior normally happen with it? Also, which pair would you recommend a novice to begin trading first? (I read in a trading book it was the EUR/USD pair).

Thanks, again for the help.
  • #595
  • Mar 14, 2017 11:03am Mar 14, 2017 11:03am
Quoting tradel13
{quote} Okay, what strategy are you using? Because of your lack of capital, it is very important to have tight stop losses

sorry super late reply.. didnt notice it.
anyways for now i kinda stop my hedges.. and right now doing little by little increase in profit in as short as possible to not carry swaps . that way profit will be larger than losses
  • #596
  • Mar 16, 2017 8:27am Mar 16, 2017 8:27am
Hi Guys,

I'm not sure if I'm at the right place, but I'm stuck and new at Forex Factory. I desperately need help with a new EA I'm working on which is using the Ichimoku Kinko Hyo indicator. I can share the strategy with you guys, but all I need is a shift of the entire indicator chart to the left. The reason for this is to detect turning points in the Tenkan Sen, Kijun Sen, Senkou Span A and B. Maybe my approach is not correct. If there is another way to detect the turning points, I would really appreciate your input.

Thank you in advance.

Daubert

  • #597
  • May 23, 2017 11:11pm May 23, 2017 11:11pm
Hello everyone... First I want to apologize for being gone for close to a year. I had some personal issues that needed taking care of. I do appreciate the people that have stuck around and answered questions that others have had. I feel it is important (to me at least) to help the newer people and answering their questions. We have all been there when we just started out and know how difficult it is to try to conquer something like this.
JOHN 3:16
  • #598
  • May 25, 2017 11:37pm May 25, 2017 11:37pm
To the poster of this thread, that is a really great offer you made to want to help people.

The question I have is where can I get an original unmodified full installer of MT4 (latest build) from Metaquotes. Not a version from the various brokers.

A buddy of mine and I are working on a EA and reversing the MT4.

A big thanks in advance.
  • #599
  • May 26, 2017 5:49am May 26, 2017 5:49am
What is the best timeframe to use then pattern trading?
  • #600
  • May 28, 2017 11:55am May 28, 2017 11:55am
Quoting Stage1
To the poster of this thread, that is a really great offer you made to want to help people. The question I have is where can I get an original unmodified full installer of MT4 (latest build) from Metaquotes. Not a version from the various brokers. A buddy of mine and I are working on a EA and reversing the MT4. A big thanks in advance.

https://www.metatrader4.com/en
JOHN 3:16
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