Shopster,
Just out of curiosity which broker do you use? Which brokers do you recommend for trading forex?
Just out of curiosity which broker do you use? Which brokers do you recommend for trading forex?
fib. expansion and retrace in forex
- Thread starter shopster
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DC,
i am not domiciled in the usa.
regulatory is most important and the ability to cross margin a bank account to a broker to trade.
brokers sitting on small islands in banana republics et al. are of no interest.
lots of discussion elsewhere on the net on this topic.
cheers,
s
the db swiss cheese diverged setup was already in place before non farm.
i am not domiciled in the usa.
regulatory is most important and the ability to cross margin a bank account to a broker to trade.
brokers sitting on small islands in banana republics et al. are of no interest.
lots of discussion elsewhere on the net on this topic.
cheers,
s
the db swiss cheese diverged setup was already in place before non farm.
ok here is a trade i made today.
I show a DT with divergence on the 1st rectangle (without any fib) where i entered on the white line.
Then price reversed but didnt hit my SL and formed another DT with divergence and hit 423
i though it could go lower. Well it didnt.
I was lucky i suppose and it formed a 3rd DT with diverge.
But I should have used a trailing stop to protect my pips on the 2nd DT right?
Now on the 3rd DT I had to redraw the fibs so TP are different.
So I wasnt sure on where I should place exit
so i just took profit near the money line (ok i didnt know what else to do).
I suppose I should have used a trailing stop but i preferred to just grab my pips and run.
As I type price moves lower but how could i know that, right? My magic crystal ball from ebay hasn't arrived yet... The seller said it tells the future...
I show a DT with divergence on the 1st rectangle (without any fib) where i entered on the white line.
Then price reversed but didnt hit my SL and formed another DT with divergence and hit 423
i though it could go lower. Well it didnt.
I was lucky i suppose and it formed a 3rd DT with diverge.
But I should have used a trailing stop to protect my pips on the 2nd DT right?
Now on the 3rd DT I had to redraw the fibs so TP are different.
So I wasnt sure on where I should place exit
so i just took profit near the money line (ok i didnt know what else to do).
I suppose I should have used a trailing stop but i preferred to just grab my pips and run.
As I type price moves lower but how could i know that, right? My magic crystal ball from ebay hasn't arrived yet... The seller said it tells the future...
As I type price moves lower but how could i know that.....
.........................................................
watch the 15 min. chart for end of trend
then trade the 5 min.
don't stand in front of a bull train until you see it slowing down.
clues.........
lower hi and lower low, histo rolling over etc.....
on the 15 min.
you need to define trend.
s
.........................................................
watch the 15 min. chart for end of trend
then trade the 5 min.
don't stand in front of a bull train until you see it slowing down.
clues.........
lower hi and lower low, histo rolling over etc.....
on the 15 min.
you need to define trend.
s
Did you guys catch this tidbit below?
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