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 Forex Version XV, Foreign Exchange Market Discussion

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bulkbiz
post Feb 10 2015, 06:19 PM

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Hello fellow day traders, mind to explain why the TP not being triggered? Thanks.


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Pinnacle1295
post Feb 10 2015, 06:24 PM

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QUOTE(bulkbiz @ Feb 10 2015, 06:19 PM)
Hello fellow day traders, mind to explain why the TP not being triggered? Thanks.
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Possibly dued to the spread.
KeroroQ
post Feb 10 2015, 06:25 PM

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QUOTE(bulkbiz @ Feb 10 2015, 06:19 PM)
Hello fellow day traders, mind to explain why the TP not being triggered? Thanks.
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Check your spread, which broker you using, insta? laugh.gif
CallOfLegend
post Feb 10 2015, 07:04 PM

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insta has fixed spread. Btw insta main prob is the always lost connection, definitely not the spread
Pinnacle1295
post Feb 10 2015, 07:23 PM

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QUOTE(CallOfLegend @ Feb 10 2015, 07:04 PM)
insta has fixed spread. Btw insta main prob is the always lost connection, definitely not the spread
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TP not triggered has nothing to do with 'lost connection'. Once your trade is executed, your SL & PT are registered in the broker's server, not in your PC. You can even switch off your PC after executing your trade.

Pinnacle1295
post Feb 10 2015, 07:23 PM

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QUOTE(CallOfLegend @ Feb 10 2015, 07:04 PM)
insta has fixed spread. Btw insta main prob is the always lost connection, definitely not the spread
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TP not triggered has nothing to do with 'lost connection'. Once your trade is executed, your SL & PT are registered in the broker's server, not in your PC. You can even switch off your PC after executing your trade.

Pinnacle1295
post Feb 10 2015, 07:25 PM

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QUOTE(CallOfLegend @ Feb 10 2015, 07:04 PM)
insta has fixed spread. Btw insta main prob is the always lost connection, definitely not the spread
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TP not triggered has nothing to do with 'lost connection'. Once your trade is executed, your SL & PT are registered in the broker's server, not in your PC. You can even switch off your PC after executing your trade.

Pinnacle1295
post Feb 10 2015, 07:29 PM

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QUOTE(Pinnacle1295 @ Feb 10 2015, 07:25 PM)
TP not triggered has nothing to do with 'lost connection'. Once your trade is executed, your SL & PT are registered in the broker's server, not in your PC. You can even switch off your PC after executing your trade.
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Sorry for the triple postings. Received 'error message' during initial post so I click 'Add Reply' again twice.

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louiehky
post Feb 10 2015, 07:40 PM

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Anyone going to short NZDUSD?
Spoted opportunity for this pair at H4~
For better practice please do wait for this candle as confirmation~
Technique used simple support & resistance & support by Fibonacci Retracement
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Pinnacle1295
post Feb 10 2015, 07:47 PM

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QUOTE(louiehky @ Feb 10 2015, 07:40 PM)
Anyone going to short NZDUSD?
Spoted opportunity for this pair at H4~
For better practice please do wait for this candle as confirmation~
Technique used simple support & resistance & support by Fibonacci Retracement
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rclxms.gif rclxms.gif rclxms.gif

9kingsir
post Feb 10 2015, 08:45 PM

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Greece out from Euro?


9kingsir
post Feb 10 2015, 08:47 PM

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QUOTE(Pinnacle1295 @ Feb 10 2015, 01:27 PM)
Nope, progressively add-on my capital up to 20K+.
Trust me, the amount of capital you have will affect your trading mindset greatly.

I trade very conservatively ..... even with 20K+ deposit, the max. lotsize I traded at any one time is no more than 12 miniLots (or 1.2 standard Lot).
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with 20K usd and playing rate is 1.20? if everyday u can get 20pip.. then u no need work liao
Pinnacle1295
post Feb 10 2015, 09:07 PM

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QUOTE(9kingsir @ Feb 10 2015, 08:47 PM)
with 20K usd and playing rate is 1.20? if everyday u can get 20pip.. then u no need work liao
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Theoretically you are right if trade 1.2 std lot x 20 pips profit.

However my trading strategy is normally I start off with 3-minilot, then add another 3-minilots upon pullback & finally add another 3-minilots upon pullback, making a total of 9-minilots in play. But this strategy depends of the strength of the trend. Using this technique, at times I managed to harvest a TOTAL of 300~600 pips per day! In the longer-run my average TOTAL gain is about 65~70 pips per day.
sleepwalker
post Feb 10 2015, 09:19 PM

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QUOTE(bulkbiz @ Feb 10 2015, 06:19 PM)
Hello fellow day traders, mind to explain why the TP not being triggered? Thanks.
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Candlestick prices are based on SELL price. Since you sold, you TP is based on your BUY price which is SELL price + Spread. Your TP is to BUY at 1.5199 but the price action only went to 1.5197 SELL price. Unless your spread is less than 0.0002 (0.2 pips) there is no way your TP would have been triggered.

Turn on the BUY price on your MT4 indicator and watch it move with the SELL price. It gives you a much better picture of your spread.
bulkbiz
post Feb 10 2015, 11:02 PM

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QUOTE(sleepwalker @ Feb 10 2015, 09:19 PM)
Candlestick prices are based on SELL price. Since you sold, you TP is based on your BUY price which is SELL price + Spread. Your TP is to BUY at 1.5199 but the price action only went to 1.5197 SELL price. Unless your spread is less than 0.0002 (0.2 pips) there is no way your TP would have been triggered.

Turn on the BUY price on your MT4 indicator and watch it move with the SELL price. It gives you a much better picture of your spread.
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Okay thanks
sleepwalker
post Feb 10 2015, 11:17 PM

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QUOTE(bulkbiz @ Feb 10 2015, 11:02 PM)
Okay thanks
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Quick correction.. it should be 0.0002 (2 pips).
9kingsir
post Feb 11 2015, 01:21 AM

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QUOTE(Pinnacle1295 @ Feb 10 2015, 09:07 PM)
Theoretically you are right if trade 1.2 std lot x 20 pips profit.

However my trading strategy is normally I start off with 3-minilot, then add another 3-minilots upon pullback & finally add another 3-minilots upon pullback, making a total of 9-minilots in play. But this strategy depends of the strength of the trend. Using this technique, at times I managed to harvest a TOTAL of 300~600 pips per day! In the longer-run my average TOTAL gain is about 65~70 pips per day.
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3minilot =0.3 rate,
what is pullback add another 0.3??


Pinnacle1295
post Feb 11 2015, 01:38 AM

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QUOTE(9kingsir @ Feb 11 2015, 01:21 AM)
3minilot =0.3 rate,
what is pullback add another 0.3??
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What do you mean ..... 3minilot =0.3 rate ??? I don't understand.

oreomambo
post Feb 11 2015, 09:16 AM

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QUOTE(Pinnacle1295 @ Feb 10 2015, 09:07 PM)
Theoretically you are right if trade 1.2 std lot x 20 pips profit.

However my trading strategy is normally I start off with 3-minilot, then add another 3-minilots upon pullback & finally add another 3-minilots upon pullback, making a total of 9-minilots in play. But this strategy depends of the strength of the trend. Using this technique, at times I managed to harvest a TOTAL of 300~600 pips per day! In the longer-run my average TOTAL gain is about 65~70 pips per day.
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Dollar cost averaging?
Pinnacle1295
post Feb 11 2015, 09:41 AM

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QUOTE(oreomambo @ Feb 11 2015, 09:16 AM)
Dollar cost averaging?
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It's called "continuation" BUY for uptrend. Dollar cost averaging sounds more for losing trades wink.gif


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