What's your entry sell?

Include me too

no entry for now,will wait for it to break yellow line

just want to share my trading level next week

EURAUD



EURUSD



This post has been edited by daus89: Nov 11 2017, 11:40 AM

I see that you are trading the support and resistance. How's the performance?
How many percent are you able to make a month?

I had used something similar, but didn't get a very good result. So, I am just curious to know.

this method need alot of patience
need to consider alot.eg: breakout,false breadkout,cs pattern etc
not bad la performance,boleh la bayar duit kereta and bills

I guess different people has different personality, hence different trading strategy. Thumbsup.

Is it possible to put a Sell/ Buy Limit on MT4 during weekends?

nope

That sucks. :/

You are right that the trading strategy depends on an individual trading personality.
There's no single trading strategy that's 100% loss proof.
But there are strategy that suit a person's own pattern.

I heard a forex guru once said that, "trading strategy" in fact is the accumulated *understanding* of an individual's consistent learning and practice, over time.

I guess if you work out on trading psychology a bit more, which is to let your mind stay calm and unshakable as much as possible regardless up or down,
got a good daily trading plan, act with cautious,
and more backtest on the one strategy you are using, you could be getting improved results.

: )

ultramann


I focus predominantly on divergence trading because it has certain advantages that I value.
Firstly, we must remember that most indicators are "lagging", ie, by the time they form a buy/sell signal, it is often too late to jump on the bandwagon...

But when a divergence is spotted, it is a "leading" indicator... it indicates that the uptrend/downtrend will be ending "soon"..
The big downside (and arguably the only downside) to divergence trading is that it can't accurately pinpoint exactly when/where is the best entry point... It only tells you that the current trend is ending "soon"... Hence, if you enter too early, your stop loss (SL) might get hit whereas if you wait for the perfect entry it may never come and you may miss the opportunity... This is the main problem...

To counter this "flaw", what I usually do is I scale in my entries systematically with small lots until the price reaches the optimal entry point.
This strategy can be applied to all timeframes but of course the bigger timeframes are more reliable.

Indicators/tools that I usually use: Moving averages (simple and exponential), daily support and resistance levels, fibo retracement levels (crucial), RSI, MACD, PPO and Volumes.

I strongly recommend babypips.com school of pipsology for beginners. It will take a lot of time to cover everything but you should read at least until the "high school" level before attempting any trading on a real account (very important). Lastly, you must be prepared to accept a few losses, especially during the early stages... refusing to accept small losses will at some point lead to huge losses and a potential margin call (account wipeout).

Anyway, feel free to ask any questions you may have. I will try my best to answer it accurately...

This post has been edited by Alan Andrews: Nov 13 2017, 11:02 AM

Alan Andrews
you do scalping, intraday etc? which timeframe usually analyse?

Yes, I do scalp sometimes (if there is a nice setup)... I usually use the 5-minute chart for scalping.
I apply the same principles mentioned above, ie, wait for a divergence/converge pattern and scale in my entries.
The target is usually just a handful of pips.
However trading the M5 is risky because you can suffer from "tunnel vision"...
Must always check the bigger timeframe charts (at least M15 or better still M30/H1)
Try not to "oppose" the bigger trend especially if significant fundamental factors are in play at that time.
When you trade divergences, it is a little difficult to classify trades as intraday trades.
If you are trading using the H1 and H4 chart, it may stretch for a few days...

good day traders,

i would like to know if there's anyone here would be interested to take any course in coaching, improving understanding of the market, tackling today's markets and training more in learning more about forex?

i'm just asking here, new student..

Any group chat can join? Sure many sifu

This post has been edited by odysess: Nov 13 2017, 05:36 PM

Would like to ask if we subscribe this through sharing, can we all access the account at the same time?

any broker with copy trade to recommend ? don't want broker like Etoro .

Etoro. ZuluTrade. Mocaz. Share4you