I see no 'M Trading/ Admiral markets' in #1 post. may I know why?

I see, thank you.

anyone trade eur/usd？

It just did a sudden drop to daily pivot point..

Although I got +46 pips from it, but I don't know why it drop suddenly.

hmm.. I look at it again at eur/usd-H1 chart , the following bearish candle after bullish candlestick close below than opening price of the previous bullish candlestick. is it still considered as dark cloud?

and may I know what is the relationship between EMA 200 and dark cloud here? what do they indicate?

I think so, reaching M1 level(1.2722) of my daily pivot point. To be safer, I would choose to long at 1.2730 with stop-loss and hedge.

I see! it all make sense now after I switched to H4, definitely will appreciate your recommendation to see higher timeframe. thank you for the detailed explanation!

btw, how do you get your target of 1.2590? may I know what timeframe you use for pivot point?

hi sifu, just read your post now. Today got sick badly


If I look at H4 AUDCAD, I can see double top pattern if forming which usually indicates bearish continuation.

But I also found hidden bullish divergence between price action and RSI in H4 chart.

And using daily as a variable for my pivot point, I can see price action was testing M2 level which was tested too before.


I would have sell at first (due to double top pattern), and put a pending hedge( buy stop) scalping (aim small pips) from the possible fakeouts.

also look out for the possible retracement comes much later on H4 by using fibonacci retracement.


Kindly correct me if anything wrong. thanks

what means dow jones here?

lol I don't have an idea about financial news until 29/9/2014 the day I start learning forex.

Now I would like to know all. hahahaha

USD/JPY 4H chart

An ascending channel spotted in there, RSI an stochastic still on high level. sell and aim small pips for intraday trade?

Anyone on it?

Long

USD bearish on EU,UJ, UC.

yea, I scalped 2k usd from NFP news alone in 6 seconds.

BTW,the ECB conference and US unemployment claims combo was a surprise buttse* after 3 mins, should have hold longer but not my style.


how much you won during the news?

IMO, Scalping, if failed then convert to intraday.

I'm riding on bearish bandwagon since the evening after failed to scalp, + 120 pips short position (EURUSD) right now. expect to go down further, but it's up to u.

since I am on risk free trade now, just keep scaling in short position to maximize profit.

inb4, I assumed that you had already understood most facts and knowledges about forex and metatrader.

IMO, you have to build your own trading system, be it on paper and Demo. Simulate the real market movement.

utilize all your technical analysis skills, find one suits your style.

following people's system could be bad, it's better to do your own, understand it and execute it with discipline (the most important factor).

However, steps above are not assuring a good trading skill in the end. But a way to identify your trading style, strength and weakness. like a program debug!

you have to make yourself comfortable to play in this game, for the sake of mental and $$ survival.


Being Indiscipline had ripped -230USD from me in the past 6 days, loss of opportunities to grab more profit like about 2K USD because I didn't stick to the plan, I closed the 7 lots of short position by myself due to greed and fear. boom! market further down for another 30 pips after 3 mins, and I was singing "let it go" .

lol your preference anyway, but I just got foam in my mouth by just reading the overview of sonic r system. way too sophiscated for my understanding lol

I still prefer to learn the basics and build from scratch.

I'm a newbie too, am learning EA building now.

Double top just finished its form in eurusd M1, waiting for 618 retrace and expect another downhill. good luck scalpers