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  • #1,113,581
  • May 30, 2017 7:18pm May 30, 2017 7:18pm
Quoting Jrotc1sg
{quote} how are you trading gold on oanda.. i cannot find it on the mobile app or MT4
Have to click show all first.
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Founder of Sutherland Wave Principle
  • #1,113,582
  • Edited 7:32pm May 30, 2017 7:20pm | Edited 7:32pm
Quoting Jrotc1sg
So is anyone in the USA using a broker other than OANDA who has higher leverage who is comfortable with there overseas broker. ?
I suppose to each his own, and I assume you have he experience, but to everyone I would personally suggest this since it could help you as much as it did me:

Only start with about 20x-30x max, if that. Hold a percentage of the value of the account in free cash for if you wipe out greater than 100% loss. So for a 20x account, hold twice the amount outside. For a 30x, hold 3 times outside and unused.

The first name of the game is survival. Live long enough to learn yourself and follow the rules.

I'd basically say:
*Many(?) years of learning
*Then about a year of demo on your system
*Then trade the 20x amount.
*Set a goal for account size. If you hit that, then move to a foreign with higher leverage available.
*WHATEVER YOU DO BE CONSISTENT and PERSISTENT! give yourself the time, opportunity, and chance to be consistent.
**As long as your system is logical, HOLD on to the image and ideal of what you want to do/be in your mind and stick with it, even when it gets tough - as clich as that sounds... Haha

Ok, sorry getting off the soap box here but I wanted to mention this to any noobs because this seemed to have REALLY helped me out so far- hopefully this helps someone else as well with their regular development.

A last part of my point: just start! When I started, I used $200 and 600 in a saved account. Then I used about 30x max like I said. But the thing was, I needed that there just to start. But if you never start and always are waiting for it to be perfect, you will NEVER know what you can create - or have any cool stories... Right?
  • #1,113,583
  • May 30, 2017 7:31pm May 30, 2017 7:31pm
Quoting Ata-Turkoglu
{quote} Just curious.. why do you need higher leverage than 50:1?
Well since I have such a small account it will be easier to build it the way I trade.. very carefully.. only take sure trades and get out quick.. I normally don't stay in long so higher leverage would benefit me in that since.
  • #1,113,584
  • May 30, 2017 7:33pm May 30, 2017 7:33pm
Quoting skillz16
{quote} I suppose to each his own, and I assume you have he experience, but to everyone I would personally suggest this since it could help you as much as it did me: Only start with about 20x-30x max, if that. Hold a percentage of the value of the account in free cash for if you wipe out greater than 100% loss. So for a 20x account, hold twice the amount outside. For a 30x, hold 3 times outside and unused. The first name of the game is survival. Live long enough to learn yourself and follow the rules. I'd basically say: *Many(?) years of learning...

These are great tips. Thank you
  • #1,113,585
  • May 30, 2017 7:34pm May 30, 2017 7:34pm
Quoting suthmo
{quote} Have to click show all first. {image}
Haha I'm such a noob I knew that
  • #1,113,586
  • May 30, 2017 8:54pm May 30, 2017 8:54pm
Quoting ruma29
{quote} Terrible drawing
LMFAO!
This is not investment/trading advise. Will not hold accountable for loss
  • #1,113,587
  • May 30, 2017 11:58pm May 30, 2017 11:58pm
Wait to see 50% retracement !!!
Break the upside, would see retest 1.1265 again
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  • #1,113,588
  • May 31, 2017 12:07am May 31, 2017 12:07am
Quoting asistoprof
Trading is art Many experience traders lossing his money Why??? Because they only be the follower Changing your mindset And Finding who you are Managed your balance And Don't be greedy Good luck
I'm trading on a 100k account, wish I can do 500% in a month LoL
  • #1,113,589
  • Edited 12:27am May 31, 2017 12:17am | Edited 12:27am
situation unchanged to scalp here to see next developments to follow when with logical price actions as per. there should be more zigzags as usdx not finished its correction up to have a clean bear . so here pressure will remain for more correction down till do or crush/ trimmed with d bottoms/ tops somewhere .take care , fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,113,590
  • May 31, 2017 12:32am May 31, 2017 12:32am
Good Morning .
IMO this is a terrible setup and I am not aware of any efective strategy to trade it .
Since the start of the corection , EUR is more or less in the midle .See no candle has closed above the 50 % .
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  • #1,113,591
  • May 31, 2017 12:32am May 31, 2017 12:32am
My Intraday Outlook.
(ahead London)

EUR/USD bounced yesterday on 1.1110, now possible correction down too @1.1160.
But daily pivoting around 1.1180 ...so range bound on weekly, with a slightly bearish tendency, see channel.

Intraday resistance:
- 1.1190 - 1.1200 + TL + Weekly_Pivot zone;
- 1.1220;
- 1.1240-50;

Intraday support:
- 1.1160-65;
- 1.1130, the Weekly_S1 zone;

No great fundamental news on USD can create a low liquidity market
wich is predisposed to a boring range evolution or to speculative spikes.
Bears look tired to continue the correction to the yesterday's bounce,
so we might see it higher (1.1190) before going down (1.1130)..

Have a good trading day, you all!
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  • #1,113,592
  • May 31, 2017 12:39am May 31, 2017 12:39am
Needs some pull to the aqua area first and bit deeper then will retest 1160-1130 & decide. If it moves up without touching it then it will break the highs. Everything is still neutral except gbp.
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  • #1,113,593
  • May 31, 2017 12:56am May 31, 2017 12:56am
Turncoat Support at 1.10 must and will be tested.. Only a matter of time
  • #1,113,594
  • May 31, 2017 1:06am May 31, 2017 1:06am
My chart for the day, channel clearly respected on both sides....what is next? I have not any idea....but I will take my chances when they present themselves.
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trading is simple but is simple is not easy.
  • #1,113,595
  • May 31, 2017 1:07am May 31, 2017 1:07am
Quoting jusstin911
Turncoat Support at 1.10 must and will be tested.. Only a matter of time
1.10 . Long way down. Set the alarm for the next week
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  • #1,113,596
  • May 31, 2017 1:13am May 31, 2017 1:13am
Quoting TudorIoan
{quote} 1.10 . Long way down. Set the alarm for the next week
got a long clock set T .. tricky day today month - end always ends a few accounts
  • #1,113,597
  • May 31, 2017 1:14am May 31, 2017 1:14am
Germany Data:
Retail Sales (YoY)Last 2.3% Expected 2.3% Actual -0.9%
Retail Sales (MoM)Last 0.1% Expected 0.2% Actual -0.2%
  • #1,113,598
  • May 31, 2017 1:17am May 31, 2017 1:17am
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  • #1,113,599
  • May 31, 2017 1:18am May 31, 2017 1:18am
Quoting chnp
Germany Data: Retail Sales (YoY)Last 2.3% Expected 2.3% Actual -0.9% Retail Sales (MoM)Last 0.1% Expected 0.2% Actual -0.2%
When EU rate goes up, this happens.
  • #1,113,600
  • May 31, 2017 1:21am May 31, 2017 1:21am
Quoting jusstin911
{quote} got a long clock set T .. tricky day today month - end always ends a few accounts
yep, tricky, EUR/USD is pivoting in the middle of nowhere (around 1.1188), almost the 9th day in some kind of range (1.1267High - 1.1109Low)
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