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Rsi Breakout
in
Experienced Traders
Feb 18, 2010 at 10:10
ok, entered a long in the gbbusd:<a href='http://www.myfxbook.com/files/biz0101/65.png' target='_blank'><img src='http://www.myfxbook.com/files/biz0101/65.png'/></a>we have a double support - one of the new uptrend channel and another of the large downward channel (resistance becomes support).also it does look like the usd is weakening in the other pairs.i've placed a tight sl at 1.55 just in case i'm wrong..
New trader needing help with manual trades and calculations
in
New Traders
Feb 18, 2010 at 09:48
ok, i'll give it a shot 😄firstly, since you don't have any experience, do not use any robots until you understand their inner workings - this is probably the fastest and easiest way to wipe your account clean.cannot comment on the caspian ea but can answer your second question:what you need is a pip calculator - there's a nice one here: http://www.ibfx.com/tools/pip-calculator.aspxcalculate how much a pip worth in your trade, then you can get the number of pips ($sl/$pip = number of pips)
Rsi Breakout
in
Experienced Traders
Feb 18, 2010 at 09:42
price has completed the channel - i've got out with about +240 pips (+180, +60) with this move. i've also closed the usdcad position for +5 since it doesn't look good.not sure at the moment how will the gbpusd continue - if it goes down, i'll wait for a retrace - might try a long one but need to see first the usd weakening on other pairs.
Rsi Breakout
in
Experienced Traders
Feb 17, 2010 at 17:10
the eurusd has reached a cross road:<a href='http://www.myfxbook.com/files/biz0101/64.png' target='_blank'><img src='http://www.myfxbook.com/files/biz0101/64.png'/></a>however, judging by the rapid down move (with practically no retraces), i would say the minor support won't hold it and it would continue down to break the low of 1.3533.
FRWC - Fusion V - Alpari
in
Trading Systems
Feb 17, 2010 at 16:52
hi steve, i'm just wondering what's your criteria for going live? x profit/drawdown? something specific?
Rsi Breakout
in
Experienced Traders
Feb 17, 2010 at 10:00
similar channel in eurusd which suggests a bullish movement in the usd:<a href='http://www.myfxbook.com/files/biz0101/63.png' target='_blank'><img src='http://www.myfxbook.com/files/biz0101/63.png'/></a>
Rsi Breakout
in
Experienced Traders
Feb 16, 2010 at 18:04
sold gbpusd again:<a href='http://www.myfxbook.com/files/biz0101/62.png' target='_blank'><img src='http://www.myfxbook.com/files/biz0101/62.png'/></a>
Rsi Breakout
in
Experienced Traders
Feb 16, 2010 at 13:06
price is slowly slipping away.. 😐 i wonder if it continues down? in anyway, i have a stop loss in place at the 1.04 area just in case i'm wrong on this one..
AnyTime v1.4
in
Trading Systems
Feb 16, 2010 at 11:37
elkart, that's not much info to work with 😁 if you can give me some more pointers, that would be great...
Rsi Breakout
in
Experienced Traders
Feb 15, 2010 at 13:29
ok, just entered a long usdcad position - don't want to miss it because of 10 pips..
Rsi Breakout
in
Experienced Traders
Feb 15, 2010 at 13:23
i've noticed a very interesting setup and i believe it has a very high probability:<a href='http://www.myfxbook.com/files/biz0101/61.png' target='_blank'><img src='http://www.myfxbook.com/files/biz0101/61.png'/></a>:as you can see in the daily usdcad chart, there are 3 reasons to go long at the red dot:- the daily channel (point 1) was broken, and when the price comes back, support becomes resistance.- a parallel support of the channel in point 2 is created.- a new uptrend channel is forming in point 3.as you can notice, all of the above reasons po...
Forex Robot World Cup - A Scam?
in
General
Feb 15, 2010 at 11:48
yes, i see your point, but let's imagine for a second an ea works well, while making long-term trades.theoretically speaking, there isn't a way a broker could somehow decrease it's effectiveness, right?
Forex Robot World Cup - A Scam?
in
General
Feb 15, 2010 at 09:22
is it even possible? wouldn't they better use the ea to make money rather to try and block it? and if the ea can really make money while still following their terms (scalping), how would they then go and stop it from making money?
Forex Robot World Cup - A Scam?
in
General
Feb 14, 2010 at 22:14
😁 now they're gonna sell his holy grail for only $99.90.it's just like the fapturbo scheme - no one makes money out of it except the affiliates and the creators.the whole concept of the frwc is like a pyramid scheme - they're gonna sell the "top ea's in the world" for $1k, while paying 50% as an affiliate fee! judging by the fee you can definitely assume it's just a scam,
AnyTime v1.4
in
Trading Systems
Feb 14, 2010 at 20:34
ok, so you're actually describing a trend. so you just keep buying/selling with the trend?
Any experience with Rent a Signal service?
in
General
Feb 14, 2010 at 09:04
yeah, think of it as giving your money to a kid to trade - do not expect good results with such setup.i also don't think that a successful trader will waste his time on such website.
AnyTime v1.4
in
Trading Systems
Feb 14, 2010 at 09:00
judging by your definition, i understand you don't care where the market is moving, you only need it to move to make some profit? are you using a grid system? because it sure sounds like it 😄.
AnyTime v1.4
in
Trading Systems
Feb 12, 2010 at 16:09
ok then. so i would say it depends on the system - a good entry in one system may be disastrous on another. in my other system i'm currently using (which works quite well), is buying at support and selling at resistance which is the obvious thing to do, but the hard thing is to spot the support/resistance areas.how would you define a good entry?
AnyTime v1.4
in
Trading Systems
Feb 12, 2010 at 15:36
yeah, that's what i'm trying to decrease - the losers.how do we define a good entry? i'm not sure - i think a good entry could be called one only if followed by a good exit, or else it's just an entry.
AnyTime v1.4
in
Trading Systems
Feb 12, 2010 at 14:45
ok, this experiment has come to it's end. as noted before it was only one way grid type system, and as i suspected it doesn't cope well with strong trends.
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