You've missed the point and you sound like a doom & gloom merchant. I only want to do small trades right now so therefore low commission is essential for that purpose. One UK broker I looked at would have charged $50 (buy+sell) minmum per trade, my own bank the Halifax do CFD trading accounts and commission charges are $60 (buy+sell) minimum. Those charges are unrealistic to trade small amounts but may well be more economical for larger trade sizes.
If you want to fail as a trader, study TA
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You've missed the point and you sound like a doom & gloom merchant. I only want to do small trades right now so therefore low commission is essential for that purpose. One UK broker I looked at would have charged $50 (buy+sell) minmum per trade, my own bank the Halifax do CFD trading accounts and commission charges are $60 (buy+sell) minimum. Those charges are unrealistic to trade small amounts but may well be more economical for larger trade sizes.
Probably a crappy pc, well keep us posted as to how you get on with them...
Quote from The Expert:
???
And!
TE
Nice one MN, and I hope you were on the right side
$4 seems a bit high, I thought you should get it for $2 per round trip, but I will check it out.
You are on the right track, and do not go above 100 until you are making money each and every day
As usual, never believe anything YOU read until you have proven it to yourself, which, is exactly what you are doing
TE
if i read these charts correctly the top one is a higher TF maybe Daily with areas of support / resistance drawn from 20969 to 18475 i.e. if the price drops below 20969 there is probability it will keep dropping to 18475.
The lower chat is a lower TF with maybe a red BOB giving the confirmation at 20449, assume a short trade is now the highest probability trade with possible reversal at 18475 (as confirmed by higher TF earlier)
yes / no ....close or completely misinterpreting?
The lower chat is a lower TF with maybe a red BOB giving the confirmation at 20449, assume a short trade is now the highest probability trade with possible reversal at 18475 (as confirmed by higher TF earlier)
yes / no ....close or completely misinterpreting?
Quote from The Expert:
And!
TE
Quote from The Expert:
And!
TE
Wow!!! Spread-betting buy and hold charts, aren't you the expert!
Hahaha!
I guess you must use your leverage to it's full advantage......NOT!
If you're making more than 15% per year i'll eat my spongebob square pants.
Keep trading for yourself, no professional outfit would touch you with a bargepole!
Quote from Dackster:
Wow!!! Spread-betting buy and hold charts, aren't you the expert!
Hahaha!
I guess you must use your leverage to it's full advantage......NOT!
If you're making more than 15% per year i'll eat my spongebob square pants.
Keep trading for yourself, no professional outfit would touch you with a bargepole!
You sound a bit p***ed off. Since you seem to have a need to express your opinion, please enlighten us with what you see in BOTH charts then.
Hang on while I get down from my high horse...
...last bullish engulfing green bar has thrust up from that little basing range (three tests of the low), the preceding bar was an IB, it's being put in after a substantial trend (depends on the time frame as to how much meaning you put on it). I'd also like to see where the previous swing high/lows, pivot and fib lines are, I'd want to know why it's finding support at that level.
Hmmm, that little consolidation range also appears to be a successful retest of the low put in by the exhaustion spike.
That said, I'd wait for confirmation, lost too many times trying to pick trend reversals.
...last bullish engulfing green bar has thrust up from that little basing range (three tests of the low), the preceding bar was an IB, it's being put in after a substantial trend (depends on the time frame as to how much meaning you put on it). I'd also like to see where the previous swing high/lows, pivot and fib lines are, I'd want to know why it's finding support at that level.
Hmmm, that little consolidation range also appears to be a successful retest of the low put in by the exhaustion spike.
That said, I'd wait for confirmation, lost too many times trying to pick trend reversals.
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