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 Forex version XVIII, Foreign Exchange Market Discussion

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hehe86
post Apr 20 2016, 01:53 AM

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Guys any good book on what trend following methods that i can read on? Just finished trend following by michael covel
hehe86
post Apr 20 2016, 02:12 AM

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QUOTE(demolationz @ Apr 20 2016, 01:59 AM)
There you go. Goodluck  thumbsup.gif

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Ahh thanks, can't really find trend following strategies but can read up on other books wink.gif
hehe86
post Apr 20 2016, 03:52 PM

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QUOTE(9kingsir @ Apr 20 2016, 04:26 AM)
if book can make you rich.... i oredi have it...everyone oredi rich by now
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Hehe i'm reading up to either enhance my knowledge, recall some of the methods that i read up or tweak my current strategy. Mainly just to gain knowledge. There won't be a book that can make you rich if it doesnt suit your personality lo
hehe86
post Apr 23 2016, 01:37 AM

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QUOTE(CallOfLegend @ Apr 23 2016, 12:35 AM)
last week i had trade carry on, and on this week Monday it hit stoploss plus gap. bangwall.gif  Currently has open trade with 35 pips, sl set to breakeven, though i'm somewhat worry to carry it to next week. unsure.gif
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Yea that gap sucks last Monday zzzz
hehe86
post Apr 28 2016, 01:26 AM

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Guys, after i print screen my chart off mt4, what application you guys mostly use to record in my journal/evernote? Currently using the default snipping tools
hehe86
post Apr 28 2016, 04:50 AM

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QUOTE(demolationz @ Apr 28 2016, 02:09 AM)
Why don't you right click, save picture bro ?  confused.gif
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Ahh i see, so i just need to paste it in Paint and do any notation/drawings ya. I thought there's a better way to do it. Ok thanks
hehe86
post May 18 2016, 08:00 PM

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GBP pairs all moving
hehe86
post May 18 2016, 10:20 PM

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QUOTE(Goodboy92 @ May 18 2016, 02:37 PM)
A question to Swing Trader

What if a trade goes your way and goes sideway/retrace for 2weeks

For example Up 200 pips after buy , then retrace back 100pips in 2 weeks

Yet your SL still valid and your trade condition still valid

Continue the trade or quit?

Cause it make no progress on my account as i cant take other trade while the trade goes.
I bought EURGBP at 0.78477 on 02/05/16 until now 16days goes

I sell CADCHF at 0.76474 on 02/05/16 until now

I know i am taking too long on this trade - but the condition still valid - i adjust SL according to condition
now both SL not BE yet but previously BE already - adjust according to daily limit of price move if i am right
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If a trade goes sideway, then if break the consolidation can consider to avg up or exit. Normally swing trader would hold until you see something that is wrong with the 1st reason you enter
hehe86
post May 26 2016, 05:19 AM

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QUOTE(cmk96 @ May 25 2016, 11:49 PM)
Sell at 162.00... no TP/SL... just wait and see...  biggrin.gif

Trade at your own risk.
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Edit: Oh nvm i think it is GJ

This post has been edited by hehe86: May 26 2016, 05:22 AM
hehe86
post May 26 2016, 10:07 PM

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QUOTE(Goodboy92 @ May 26 2016, 09:11 PM)
Anyone did the same thing as i did?

What would you do if you were in the trade?

TP at LOW

Quit with SL on retrace?

Anyone?
almost 3week this trade
" demo acc "
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For me if a trade i'm already in and is positive for at least 4 candles, i won't allow it to become negative and i will move to at least BE.

Another thing that i would do is have a trailing SL depending on what method you like. I would trail my SL based on a logical support, in your case, after 2 up bar and moves down, i would trail my SL around the 2nd up bar high

Edit: would have exited around 0.754x/0.76

This post has been edited by hehe86: May 26 2016, 10:11 PM
hehe86
post May 26 2016, 11:12 PM

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Erm.. perhaps you thinking too much? You have to be clear on why you make the trade in the first place. The why should cover your TP and SL if any. So once the trade is on, your SL/TP is set so you shouldn't be worry to much about it.

If your main timeframe is daily, that should be ample of time for you to do any changes and not need to worry so much about it especially if your focus is trend following/swing trading.

Is best not to worry too much about why is it a consolidation/double top or any pattern once you decided to make a trade and best to just focus on the very 1st reason you enter then after exit only you do the trade review with a journal be it a loss/profit

I see you use volume indicator too? I heard is not that accurate in forex and is broker dependent. Not too sure bout this. Volume do works in equity though

Demo is there anytime to gain experience so best is to be have reasons on any entry/exit/sl.

Just my 2 cents though biggrin.gif
hehe86
post Jun 1 2016, 12:41 AM

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QUOTE(normeck @ May 31 2016, 11:57 PM)
wait for comfirmation
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QUOTE(viruz @ Jun 1 2016, 12:24 AM)
H1 already reach 461, so I am expecting retrace from here, maybe to 261? waiting for long it. As D1 chart show price down to 261 and rejected there. Great opportunity.
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Wanna ask, it was a downtrend, making few lower low (LL) and lower high (LH). Currently not making LL and also not making LH, so does this means most likely it gonna consolidate? And what confirmation would you like to see if i may ask?

Inserted my noob view =.="

This post has been edited by hehe86: Jun 1 2016, 12:44 AM


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hehe86
post Jun 1 2016, 04:43 PM

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Apa macam?

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post Jun 1 2016, 04:58 PM

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QUOTE(normeck @ Jun 1 2016, 04:50 PM)
ok... tapi takde sign CandleStick nak short
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QUOTE(afie98120 @ Jun 1 2016, 04:52 PM)
turun ambik order je tu
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hmm... haha susah rclxub.gif rclxub.gif
hehe86
post Jun 1 2016, 07:02 PM

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QUOTE(afie98120 @ Jun 1 2016, 06:01 PM)
takde cs close bawah line merah > buy
kalau cs H4 ada shadow panjang maknanya dekat H1 ada cs reject

nak yakin lagi bukak TF yang lebih kecil tak yakin lagi? pi bukak indicator yg bagitau hang pasai overbought/oversold  blush.gif
cth: yg aku selalu guna stoch

saya pun baru lagi kalau salah mohon betulkan demolationz  blush.gif
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CS = candlestick?

Oh so is a long not a short ya?
hehe86
post Jun 1 2016, 09:20 PM

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QUOTE(afie98120 @ Jun 1 2016, 08:01 PM)
yes  thumbsup.gif

btw i pandai tulis je realiti nye i pun fail jugak  dry.gif  laugh.gif
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Lol adui. I thought short is the better one. Daily currently showing a good pin bar though is incomplete CS
hehe86
post Jun 4 2016, 05:54 PM

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Guys, if let say your maximum size is 0.03. So what is your POV for someone who enter 0.01 0.01 0.01 avg up at each different price once it moves to the right position compared to those who enter 0.03 straight?

Which are the better method?
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post Jun 4 2016, 07:50 PM

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QUOTE(strace @ Jun 4 2016, 06:49 PM)
It depends on how your mind is confortable enough for that style of risk taking & trade management, everyone is different. Start journalize your thought process when doing those trades, study your mind.
personally full clip size for multiple target exits
average up entry for 1 target exit
sometimes i start average down when price gets close to a level where it proves the trade idea is wrong but confident enough that it will work
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Oh i'm using my full size when entry but seeing others having success also in smaller entry first then enter with full size when is correct.

I was thinking if your confident with your system already , there's no need to enter smaller size to 'test' first. So if you need to 'test' first, then you're having doubt with your own system too isn't it?

Just my thought no right or wrong ya
hehe86
post Jun 4 2016, 10:06 PM

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QUOTE(CallOfLegend @ Jun 4 2016, 08:16 PM)
I guess it depends on the way you trade. For my own way i won't renter multiple times like that, cause for me i consider my trade as invalid should it hit my SL, hence no use reenter if hit my SL.
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Oh multiple entry ONLY if is in the right direction. Of course if hit SL then that's it no more avging up.
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post Jun 5 2016, 04:16 PM

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Guys, just want to confirm something. It is best to avoid to trade before any major news is it? Due to volatile movement, whipsaw, high spread etc

This post has been edited by hehe86: Jun 5 2016, 04:17 PM

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