thats correct, but which is more significant which translates to more winning, smaller stop loss.

u could teach anyone support and resistance. ask them to trade using same method.
but the results will be totally different.

because everywhere u see SR levels from charting.

not necessary those levels are significant because u dunt know the existence of a strong buyer/seller.
which u need to dig deeper and analyze the volume.
filtering is very important



This post has been edited by AllnGap: Nov 11 2016, 08:50 AM

impressive you guys have large stops and awesome tp .. i am a scalper hence i close trade very quickly

based on your earlier post with the 1M chart diagram, do you mean that the big movement of the candle in 1M chart means there is high volume; from there we can determine its supply/demand or support/resistance level?

Correct me if I am wrong here. I am trying to learn as much as I can in this forum from the pros.

MYR just crashed this morning... We just got Trump-ed out...

assume 1pip movement need USD 20million to move.
one strong dump of 20pips (engulfing bar of 20pips @ M1) = USD 400Mil there.

the more times it touches with long candles, the more volume transaction there.
but if u zoom out see hourly chart, it just look as if it touch once. (bigger timeframe u cannot see all these actions as maybe a few hundred millions exchange hands at that level, but what u saw was just a one engulfing bar on higher time frame
then some apply fibonacci or wave theory of 50% pullback for entry, but they can push back to that same starting point of engulfing bar simply because they have the money to make it happen)

only when u zoom into smaller timeframe then u can estimate the significance of each support & resistance level.

in one trading day, always have around 1 or 2 of these critical levels.



# it's not only SR. but basically SR with strong buyer/seller.

This post has been edited by AllnGap: Nov 11 2016, 12:06 PM

Multi timeframe entry. A trend within the trend.
Really depends on each invidual of risk & reward.
MY GBPCAD TP at area 1.75




This post has been edited by tzmon: Nov 11 2016, 01:33 PM

Still holding hoping for TP 2 gogo EG

Entry 1 BE+300pips, TP open coz of weekly breakout

Reentry 2 n 3 hit TP 1
Reentry 4 locked n run for my TP 2 @ 0.8350



Attached thumbnail(s)

you are great!

I still hanging on. but didn't add any. TP 0.84 area.
I guess now getting slower. Not much movement.
US holiday. Will take some profit. Let the balance to bring forward next week.

Happy weekend

Guys , opinion needed from you guys,

Forex Market,

A TakeProfit better or TrailingStop/Manual Stop better?

For stock market i would be trailing stop better as they trend more

Suggestion

Depends on your trading strategy. If you trail stop means, you don't know exact price level where the turning point is, thus limiting your profit which could be higher..

This post has been edited by demolationz: Nov 13 2016, 04:01 PM

Refer back to the question

I understand both pros and cons

I understand no one can know which price exact for turning

I understand unlimited profit

What you think of forex market which suit best?

Below are some of the conversations that i asked before and thanks to the forumers who gave their advice previously . See does this helps?

who using any PAMM ?

what's your advice after them??

any recommended trailing stop EA?

For my current situation, when it reach more than 1:1 RR profit, definitely need to at least move my SL to breakeven. But more often than not, i will shift my SL based on a recent price structure.

So example, if my minimum R:R is 1:2, risk 5usd:10usd, if reach profit of 10usd or more, i will shift to SL at least breakeven. But mostly will move to a price structure that will normally at gives around 2-4 usd

I'm more to ride the trend type of trader, so if price just reach 1:!1, normally i willing to take my loss without making any profit unless there's a obvious price structure that i can move my logical SL.

Sorry i did not use any EA. I just use the default function of trailing in MT4 if i want to use trailing SL

any of u guys can help on my fund i would like to invest in forex but need somehelp on my judgment and foresight really help if can help

you should trade for youself. Investing in forex is super risky

I know it is risky but there are people that can trade in forex for u since I saw many people tried in n so far get good outcome, but right now the market is not very good

guys, tried to topup using Mastercard on XM. Doesnt work. any reason? Skrill also doesnt work.