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  • #1,099,101
  • Mar 24, 2017 3:37pm Mar 24, 2017 3:37pm
Quoting Don96
{quote} okay cheers, i got it to the right, but i cant change the TF, right click and refresh? it wont let me right click?
Right click on chart and hit refresh after you move the lines.
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  • #1,099,102
  • Mar 24, 2017 3:40pm Mar 24, 2017 3:40pm
Quoting tstivers
{quote} If the bill had been passed I think we still would have seen downward movement on EU. The upward movement means loss of faith in the US government's ability to follow through on their promises. When they pulled the bill, it was because they realized they weren't going to get enough votes. Realistically this would have caused EU to go up. But people aren't always logical. So the EU went down. Likely people who were betting on the bill's failure to pass making a knee-jerk reaction to the bill being pulled, taking their profits while they could....
At this point, this bill is dead, canceled, kaputt - it won't be modified. But, they'll create new bills to address these same issues.
For now, the bill's failure is a lift for the EUR, so, I kept my long position for the short term.
  • #1,099,103
  • Mar 24, 2017 3:41pm Mar 24, 2017 3:41pm
Quoting sakisf
{quote} Right click on chart and hit refresh after you move the lines. {image}
right, i copied all your settings pretty much to see what it looked like and this is what happened...

when i change the bar AWAl to 0 - it squishes all the bars together? this is m5...

its also still only intraday market profile...
Attached Image
  • #1,099,104
  • Mar 24, 2017 3:44pm Mar 24, 2017 3:44pm
Quoting tstivers
{quote} Truthfully, it probably doesn't have much actual effect on EU. However, markets aren't exactly logical. Markets are based on human psychology. And humans are inherently irrational beings. So it's quite likely that the results of the bill's vote will create a spike, one way or another.
You sounds like a professor here (until I see the daily chart and nothing much happened).
The truth is, Fundamental analysis sucks.
Go technical. It will make you talk less and TRADE BETTER!
  • #1,099,105
  • Mar 24, 2017 3:46pm Mar 24, 2017 3:46pm
Quoting Don96
{quote} right, i copied all your settings pretty much to see what it looked like and this is what happened... when i change the bar AWAl to 0 - it squishes all the bars together? this is m5... its also still only intraday market profile... {image}
Try this. Go to 1h tf, hit refresh, add the indi with the settings, move the lines to where you want them - make sure ka is at start of period, kaend after the price and not the other way around -, hit refresh again, switch tf to 5m.
  • #1,099,106
  • Edited 5:23pm Mar 24, 2017 3:46pm | Edited 5:23pm
According to the news, trump will be speaking shortly regarding the healthcare, will he be the hero to break 0.0824
  • #1,099,107
  • Mar 24, 2017 3:49pm Mar 24, 2017 3:49pm
Quoting sakisf
{quote} Try this. Go to 1h tf, hit refresh, add the indi with the settings, move the lines to where you want them - make sure ka is at start of period, kaend after the price and not the other way around -, hit refresh again, switch tf to 5m.
oh snap, when you said move the lines, i didnt realise moving the lines on the chart adjusted the indicator, thanks. much appreciated, been trying to find one of these that fit larger TF's for a long time.
  • #1,099,108
  • Mar 24, 2017 4:09pm Mar 24, 2017 4:09pm
Quoting orangeRANGE
{quote} You sounds like a professor here (until I see the daily chart and nothing much happened). The truth is, Fundamental analysis sucks. Go technical. It will make you talk less and TRADE BETTER!
I am primarily using technical analysis. But when there are fundamentals that may heavily influence prices in the short term, you would be a fool to ignore them. As far as my trading, I did pretty well today using both technical and fundamental analysis. I focus more on short term trades. So I couldn't really care much about the daily charts aside from knowing the current long term trends. I look for 30-40 pip movements over the course of a few hours, while someone watching the daily charts is looking for 200+ pip movements over the course of weeks or even months.
  • #1,099,109
  • Edited Mar 25, 2017 5:39am Mar 24, 2017 4:16pm | Edited Mar 25, 2017 5:39am
Quoting Epipany
{quote} Good choice! Things look like they may head towards the bottom of the channel, but a wise man once told me "its never a great idea to short in an uptrend. Its always better to wait for the bottom and buy.
It's not an uptrend yet. It just hit the top of downtrend of 1.0825. Now it's ready to go back to 1.07. When it goes past 1.0960, then I would say it's trend changing.

I would say to sell 1.0860. And buy 1.07. Before we can see any new trend.
  • #1,099,110
  • Mar 24, 2017 4:29pm Mar 24, 2017 4:29pm
start balance: £3.50
End Balance: £27.75
Net Equity: £31.46

looking forward to next week
  • #1,099,111
  • Mar 24, 2017 5:56pm Mar 24, 2017 5:56pm
Quoting Don96
start balance: 3.50 End Balance: 27.75 Net Equity: 31.46 looking forward to next week
How did you learn to trade? What training did you take if any? What resources did you use to figure trading out?

Do you trade stocks as well or just forex?
  • #1,099,112
  • Mar 24, 2017 6:00pm Mar 24, 2017 6:00pm
Quoting tstivers
{quote} How did you learn to trade? What training did you take if any? What resources did you use to figure trading out? Do you trade stocks as well or just forex?
forex, very very rarely oil/gold/silver/SPX

and i learnt mostly from videos/reading but predominantly from asking around on here
  • #1,099,113
  • Mar 24, 2017 6:17pm Mar 24, 2017 6:17pm
Quoting JRissa
{quote} Taking longer than expected. Had good time adding longs https://open.spotify.com/album/69mHQRENwrXzlRRXvURQVK
Now's the time to take profits and wait for next move
Near enough for me...
Inserted Video
I know the secret...
  • #1,099,114
  • Mar 24, 2017 6:21pm Mar 24, 2017 6:21pm
Quoting Don96
{quote} forex, very very rarely oil/gold/silver/SPX and i learnt mostly from videos/reading but predominantly from asking around on here
I'm assuming you're a retail spot trader? Not doing options etc?
  • #1,099,115
  • Mar 24, 2017 6:26pm Mar 24, 2017 6:26pm
Quoting JRissa
{quote} Now's the time to take profits and wait for next move Near enough for me.....
Yeah. Longs may be finished. Some triple top...

What about stock markets??. Dipping a little. OK.
What is interesting is that Dollar jumped. Does it jump because people are relieved that Trumpy has some reins now??
Does it mean the E/U top is reached, and with all FED speak we can sell E??
1.0798 at close.
Expect a spike and sell?? 0840 got a trendline. 0825 some channel.
Ideas?
Beware of robber banks (RB), bad advisors.
  • #1,099,116
  • Mar 24, 2017 6:28pm Mar 24, 2017 6:28pm
Quoting tstivers
{quote} I'm assuming you're a retail spot trader? Not doing options etc?
yes why?
  • #1,099,117
  • Mar 24, 2017 7:01pm Mar 24, 2017 7:01pm
Quoting Don96
{quote} yes why?
Just making sure that your success isn't a result of using options etc rather than spot trading. Weekends are when I tend to do my research/learning and then I apply it through the week to see what results I get.

Fibs have failed me miserably this week, but I think we use them differently. I don't use fibs to find support/resistance zones. I'm using fibs to look for retracements in trends. But every single time I tried to use a fib retracement this week, the trend turned into a reversal.
  • #1,099,118
  • Mar 24, 2017 7:21pm Mar 24, 2017 7:21pm
Quoting tstivers
{quote} Just making sure that your success isn't a result of using options etc rather than spot trading. Weekends are when I tend to do my research/learning and then I apply it through the week to see what results I get. Fibs have failed me miserably this week, but I think we use them differently. I don't use fibs to find support/resistance zones. I'm using fibs to look for retracements in trends. But every single time I tried to use a fib retracement this week, the trend turned into a reversal.
my last entry was predominantly based on fib... i sold at 1.0817 for +20... that was intraday fibs... mainly i use fibs across large swings... and target a few hundred pips...

added with something such as market profile/macd/rsi/stochs (i only really use MACD) they are the best tools ive ever used... POC on market profile is what every large player in the game has access to... if you can find out how to use them and how they are using them, you wont go far wrong...

for example i know that come monday we may see a reaction at 1.0824/298 but then everyone has these numbers because this time they coincide with major peak high on the left from a few weeks back, and the 1.0824 is the high from earlier this week... however based on today i would have had them regardless of whether those other factors were there or not

****unless you can figure out larger time frames, there is no point trading smaller timeframes, too much happens... and trading on smaller intraday timeframes such as m5 is pointless trying for 40-50 pips on a regular basis as the average daily range for the pair wont allow it... i have had quite a few posts/messages this week and last regarding entries and levels so i will try my best to explain and post in advance next week if it will help people out.
  • #1,099,119
  • Mar 24, 2017 7:56pm Mar 24, 2017 7:56pm
Quoting Don96
{quote} my last entry was predominantly based on fib... i sold at 1.0817 for +20... that was intraday fibs... mainly i use fibs across large swings...
Yeah I noticed that in your charts. Most of what you find looking up fib retracements talks about buying on the fib retracement in a trend and selling at some extension point. I've found that to be utterly useless. But if I drag fibs across a long term trend on say, the hourly chart, and then use those as support/resistance on the 15 min chart, it tends to line up. Probably try using that next week as I struggle to find support/resistance zones without ending up with lines every 20 pips on my charts.
  • #1,099,120
  • Mar 24, 2017 8:41pm Mar 24, 2017 8:41pm
a good week that most might have find boring finished .... let's see what the next week after Donald's first defeat ... oh no for sure it is not it is just fake media ...:-) haha let's see what the next week brings ... and a good weekend for all with a lot of .... ohhh can't say this now in such a political correct environment :-) have fun all :-)
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