Recent content by bobpit

Then maybe you can use the line to close a trade, before it turns around and reduces the profits. This works for me in EUR/USD.

dbphoenix Is "chop" just a narrow range? Or does it have other different properties? I understand that you may consider a wide range to be a support area, but this makes timing of the trades more difficult. Then you need to consider strength of move, exhaustion etc. Still I'd like to ask...

These are good insights in trading around S/R lines. Could you comment on my original post though? ie what indicator I could use to evaluate the strength of the line, its ability to hold price?

Hi I am trying to evaluate the Price Action around a Support/Resistance line. For example: 1) After touching a support line, price shoots up. Then the Support line gets high marks. 2) If price drops and stalls for several bars, before penetrating the line, it still holds some value as future...

If I do very little trades/volume and then they waive the fees, how will they make money?

So I guess I have to find a reliable broker for NOW, and have my eyes open. From what I see, too few brokers offer international stocks, and finding a reliable one is not an easy task. I am with Dukascopy for Forex and I am happy so far, but they do not have stocks at all. Do you have any...

I am looking to find a reliable broker where I can create an account for long term buy and hold strategy. My aim is to create something like a personal pension fund. So I need to find a broker that I can trust my investments for the next 30-40 years. Trust and reliability is the number one...

A very similar problem: I have installed and run both MT4 and MT5. I notice that the price action is not exactly the same. A very specific example I noticed is the following: Today (April 13th 2010) at around 11:30 GMT, there was a low at EURUSD. According to MT4 the low was at...

Yes this is what I initialy thought. But as I said:

I just checked the End of Day price for forex-EURUSD in 3 different software. They all report different prices: April 8th: VTTrader2: 1,34929 Metarader5: 1,34984 Amibroker (from finam.com): 1,3626 April 9th: VTTrader2: 1,33595 Metarader5: 1,33572 Amibroker (from finam.com)...

Nobody cares/knows how to answer this?

May I ask? What do you mean "their signal timing is fragile"? Is it that you need to place the order at the exact moment and the exact price? Now this IS a problem in stocks/markets where the liquidity is limited and the price spread big. But all those problems are solved at the forex spot...