well, I am not on EA. I did not trade the Eu for two weeks because it is in a channel. As long as it deos nto get out of it, there is not much point in taking a position, at least on H4. image

EURUSD

I must say I disagree. If you have a trading plan, that means you are actually using an edge. An edge is not a Holy Grail system. It is just turning the probability in your favor. If at any time you may predict the next move with a better than 50/50 ...

The Truth About Trading With An Edge

I check once a day in the morning, with the calendar at forex factory. I spot only red tag news, paying special attention to speech from central bankers are they usually last a litle bit. I am trading from the 4hr candle on Tickmill, and never take ...

Do you check news all day?

I now have a range on AU daily with a clear double bottom around ,765 and a range resistance around ,785. I am a litle surprised as you seem to be for I thought the bullish reversal would be stronger and clearer from that ,765 level. image the ...

Simple, Powerful and Effective Price Action Trading Strategies

"Outstanding Contribution to the FX industry?" Guys, seriously : Give me 5 min and I can roll out dozens of suggestions similar to this vague but funny award . I am glad glad my broker (Tickmill) is not in that that shitty list… But I’m ...

Forex Report Awards 2014

Guess Tickmill and IC markets have different LP and I believe one bar difference on 1M chart is tolerable.. btw, just a quick look at your system suggests it’ll work better on commission based account.. You test it exchange ECN on Tickmill right?

Trend Active System

As every aspect of technical analysis, moving averages are important because... traders believe they are important. Otherwise they would not work On my chart I use SMA200 100 55 40 and 20 that are very popular. I use them as pace to look for support ...

Why moving averages are important?

MasterGuru, you cannot blame Tickmill management to operate in a country where the sun always shines ! If you wanted to write that in any offshore paradise there will always be less regulation than in most OECD countries, I can only agree ...

TickMill Special Offer - Highest Cashback/Rebate Rate

Hi Lain. Very good question. My plan tells me a standard position is 2 % of my capital and to never open more than 2 full independant risks at the same time (4%). If I have several signals if I think risks are independant (AUDNZD, USDCAD, and GBPJPY ...

How to pick which pair to trade when getting multiple signals?

hi Notsocsual I took all unecessary indcators from the chart image The triangle I was mentioning (it has been broken), is a triangle with 1,25 level a support (the red line) and the daily SMA40 as resistance (the blue one). you can see it has ...

Cable Update (GBPUSD)

You bet it should ! On the daily GU is in a triangle that is getting tinier and tinier. 1,52 is -strong-support, and the daily SMA40 is strong resisitance (tested 3 times and held). Nothing will make me take a position before Boe news, but after I ...

Cable Update (GBPUSD)

I love when my charts work ! Although I have to say this was an ugly reversal figure. image This one was hard to take on H4 for the signal was really unpretty. For those that trade from lower entries, there was enough clues on H1 to get a clean ...

NZD/JPY Discussion

My two cents. I agree there is place to rise. Where to ? If you look at the daily, there is such a confluence of resistances between 95,5 and 96,5 ( got broken lows, 50 fib, several SMAs), that I would set it as a target and look for reversal here. ...

Simple, Powerful and Effective Price Action Trading Strategies

You need stop losses but you have to learn to place them carefully. You have to place them at the point where the reasons that caused you to enter that trade are not valid anymore. then better close that trade for it could get really nasty if you ...

Trading without stop loss

I entered a tiny position short when it broke down 1,25, with a stop slightly above 1,2535 resistance. It is now at +40, and running with a stop at BE. it is having trouble breaking 1,25 1,248 support, and H4 SMA100 coming also as a support does not ...

USDCAD trend reversal?

Welll, in a mail they sent me when changing To Tickmill, Armada wrote : "Your funds will be kept segregated in the top-rated banks under the supervision of the FSA." So i suppose (I hope !) the funds are indeed separated.

Best Broker for Extreme Scalper - When Spreads Matter

It s ok, except one point : you need to take into account your tradinc account base currency? an equity of 2000 USD is not the same that an equity of 2000 JPY. and 40Usd is not the same as 40 JPY when it comes to risking 2%. therfore 1 pip ina 2 ...

Need help about how to manage money, account, in Forex

Simple rule on every market : invest only money you can afford to loose. No bank loans for me

Who has ever tried to get a bank loan for trading?

NJ looks interesting to trade this week. As other yen crosses, it rose after NFP on Friday. But the pair was already at the top of a 3 year bullish move that on longer timeframes looked like it was reversing bearish. This is why I see this last ...

NZD/JPY Discussion

Hi Motiram. I take spread into account by knowing where my TP is and adding 5 /6 pips to it. Then I calculate the number of lots I may take and it make up for spreads. I do not think there is an EA for that.

Need help about how to manage money, account, in Forex