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Francis Dogbe
Added topic What Is the Difference between These two Pairs
Please i need to understand why the distance between 100 points of GBPUSD is higher than the distance of 100 points of EURAUD. Its confusing. Is there something i should be aware of...? Take a look at this snapshot
· 1
4
Tamer Soliman
2014.04.29
I don't know , maybe the spread between the pairs ....
Francis Dogbe
Today market is really good. All major currencies moving well... i make 1000 points on each EURUSD and GBPUSD. ;-)
· 3
[Deleted]
2014.04.28
Good! ;-)
Francis Dogbe
shared product by seller MetaQuotes Ltd.
The trade strategy is based on three moving averages. To determine the trend, it uses three exponentially smoothed moving averages: FastEMA, MediumEMA and SlowEMA. Trade signals: Buy signal: FastEMA>MediumEMA>SlowEMA (upward trend). Sell signal: FastEMA<MediumEMA<SlowEMA (downward trend). Input parameters: Inp_Signal_ThreeEMA_FastPeriod = 8; Inp_Signal_ThreeEMA_MediumPeriod = 38; Inp_Signal_ThreeEMA_SlowPeriod = 48; Inp_Signal_ThreeEMA_StopLoss = 400; Inp_Signal_ThreeEMA_TakeProfit =
· 2
Francis Dogbe
Sergey Golubev
Comment to topic points == pips?
for example (in case of 5 digit broker): buy at 1,30305 and take profit at 1.30605. Profit is 30 pips, or 300 points, the other example (in case of 4 digit broker): buy at 1,30305 and take profit at
Francis Dogbe
Sergey Golubev
Comment to topic Indicators: MFCS Currency Correlation Chart
Currency Pairs Correlation in Forex Market: Cross Currency Pairs As a forex trader, if you check several different currency pairs to find the trade setups, you should be aware of the currency pairs
Francis Dogbe
· 13
Show all comments (4)
Rogerio Figurelli
2014.04.28
Can happen for all kind of accounts, since being past against the future! The secret is not jump from demo to final real account. After good demo, why not jump to a very very small real account? Note that even a small real past and a final real account future this can happen. Or worst, a nice past with final real account and a bad future final real account.
Francis Dogbe
Can someone create a forum where traders discuss day trading strategies daily....? ;-)
· 1
Francis Dogbe
Sergey Golubev
Comment to topic Something Interesting to Read May 2014
Chan: Algorithmic Trading: Winning Strategies and Their Rationale (Wiley Trading) Engaging and informative, Algorithmic Trading skillfully covers a wide array of strategies. Broadly divided into the
· 2
Francis Dogbe
Sergey Golubev
EURUSD Technical Analysis 2014, 27.04 - 04.05: Ranging
D1 price was going along Sinkou Span A line which is virtual border between primary bullish and primary bearish for D1/H4 timeframes. Chinkou Span line crossed the prifce but on horizantal way which is indicating flat within primary bullish. If D1
· 2
Francis Dogbe
Ignore the usual advice you are given, on how to make money in online FOREX trading - and do the opposite!
· 3
Francis Dogbe
i stole this funny picture from DailyFX..... very funny stuff but true at some point
· 8
Francis Dogbe
EUROPE & USA.... aka EURUSD. i have learnt to believe that it is the easiest to trade which i think is true. :)
· 3
Imtiaz Ahmed
2014.04.23
yes absolutely after this its gbp-usd i trade mostly with these two and after a long time i am doing very good ...
Francis Dogbe
Added poll Manual Trading vs Automatic Trading - Suggestions?
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30% (20)
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32% (21)
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38% (25)
Total voters: 66
8
Francis Dogbe
There is two BIG camps of trading style. Those that use stops and those that don't.
There's good reason NOT to use stop orders, as it's a common trading tactic of BIG money, to take out your stop order, for their own profit. BIG money are are players who's money actually moves the market.
The most common strategy is to use a mental stop, which works well, if you are there watching the market and disciplined enough to follow you plan. Many don't. But of course, being glued to monitor day and night, is a stiff burden.
While you may not use them, whether you use stop orders to protect your new position against loss, or as a way of protect your existing profits, it's an essential strategy to have in your arsenal. ESPECIALLY if you want to be able to leave the monitor, or sleep nights.
If you've never done this before USE your demo account to experiment. When you place a trade, you have the option of also placing a stop and limit order. Also, if you enter a trade with a market order, you ALWAYS have the option of adding these contingency stop and limit orders, afterwards.
The nice thing about linking the stop and limit orders to your position, is that if any one is hit, then the other is cancelled. ALSO if you close that position with a market order, then the stop and limit orders linked to that position are automatically cancelled. Nice. Huh?
Lets use 20 pips as an example. You enter the market and take a position. You link a 20 pip stop loss and a 20 pip limit order to your position. Once this is done, you can walk away. Either one of two things can happen, depending on which way the market moves. Either you're going to make 20 pips or you're going to loose 20 pips.
Of course that's just a hypothetical example. But you get the idea. When you start trading like this, or at least learning to trade this way as an exercise, you are forcing yourself, to seek out the lowest risk entry points, which is ALWAYS a good thing to do.
The BIG upside to learning how to trade this way, is you are become MUCH less inclined to make gut decision based of the emotions of and greed.
There's good reason NOT to use stop orders, as it's a common trading tactic of BIG money, to take out your stop order, for their own profit. BIG money are are players who's money actually moves the market.
The most common strategy is to use a mental stop, which works well, if you are there watching the market and disciplined enough to follow you plan. Many don't. But of course, being glued to monitor day and night, is a stiff burden.
While you may not use them, whether you use stop orders to protect your new position against loss, or as a way of protect your existing profits, it's an essential strategy to have in your arsenal. ESPECIALLY if you want to be able to leave the monitor, or sleep nights.
If you've never done this before USE your demo account to experiment. When you place a trade, you have the option of also placing a stop and limit order. Also, if you enter a trade with a market order, you ALWAYS have the option of adding these contingency stop and limit orders, afterwards.
The nice thing about linking the stop and limit orders to your position, is that if any one is hit, then the other is cancelled. ALSO if you close that position with a market order, then the stop and limit orders linked to that position are automatically cancelled. Nice. Huh?
Lets use 20 pips as an example. You enter the market and take a position. You link a 20 pip stop loss and a 20 pip limit order to your position. Once this is done, you can walk away. Either one of two things can happen, depending on which way the market moves. Either you're going to make 20 pips or you're going to loose 20 pips.
Of course that's just a hypothetical example. But you get the idea. When you start trading like this, or at least learning to trade this way as an exercise, you are forcing yourself, to seek out the lowest risk entry points, which is ALWAYS a good thing to do.
The BIG upside to learning how to trade this way, is you are become MUCH less inclined to make gut decision based of the emotions of and greed.
· 2
Daniel Stein
2014.04.22
Mental stops are like Martingale. Sooner or later you'll get killed.
That's my experience of 15 years being part of this business.
The real big money doesn't care were your stops are.
Their trading decision were made by high professional technical trading systems.
Catching your stops is a common tactic of Market Maker Brokers because your loss is their profit.
It's better to trade with an agency broker.
That's my experience of 15 years being part of this business.
The real big money doesn't care were your stops are.
Their trading decision were made by high professional technical trading systems.
Catching your stops is a common tactic of Market Maker Brokers because your loss is their profit.
It's better to trade with an agency broker.