Turning $15K credit card debt into financial freedom

Cswim63 said:
There was plenty of money to be made in forex, if you could see the dollar turning from strength to weakness, especially against the British pound. Nice breakout above the 131.30 to .40 level after fomc.
More...

Yes, but this is not for scalping. For example, I liked trading USD.CAD - it's been very well-behaved recently on an hourly chart - moving in nice channels. So many times I made trades when the prices touched channel lines. But very often I could not realize substantial gains because in forex rarely price just takes off - it makes a lot of zigzags all the time. And what happened is that I could not bear these zigzags and usually got out with small wins or even losses.
 
Metamega said:
Strange question.... Iqfeed is a data provider..... You don't need it if you have another source of data that you find reliable. But you have to have some sort of data provider. Don't think multi charts has their own data subscriptions do they?
More...

I have IB data feed. But many wise forum fellows contend that you need to have tick data and so I listened to them like a sheep and subscribed to IQFeed. But it does not affect my trading (I don't even understand what's the difference between tick and non-tick) so probably I will cancel my subscription.
 
Redsails said:
I have IB data feed. But many wise forum fellows contend that you need to have tick data and so I listened to them like a sheep and subscribed to IQFeed. But it does not affect my trading (I don't even understand what's the difference between tick and non-tick) so probably I will cancel my subscription.
More...
unfiltered data feed mean that you see every trade realized on exchange (Tick)
Use kinetick for realtime data feed its cheaper than IQ Feed
 
Redsails said:
Yes, but this is not for scalping. For example, I liked trading USD.CAD - it's been very well-behaved recently on an hourly chart - moving in nice channels. So many times I made trades when the prices touched channel lines. But very often I could not realize substantial gains because in forex rarely price just takes off - it makes a lot of zigzags all the time. And what happened is that I could not bear these zigzags and usually got out with small wins or even losses.
More...

Also, very often the trading opportunities like these (price reaching major support/resistance levels) happen at odd hours, so it sucks
 
There's scores of traders who wish they had only lost 11k learning to trade, myself included. Demo demo demo until the lightbulb goes on. It can take a long time. The good news is if you don't give up, you'll probably get it. Even one es contract is too much for you right now. Try option setups that last overnight. That way you'll have to slow down and you can cut your size and there's no daytrading rule.
 
Obelixtrader said:
unfiltered data feed mean that you see every trade realized on exchange (Tick)
Use kinetick for realtime data feed its cheaper than IQ Feed
More...

yes, but what it does for my trading? I don't need to see every trade. I am just loooking at bar chart. Actually I dont' even look at bars. I could have as well used line charts
 
Cswim63 said:
There's scores of traders who wish they had only lost 11k learning to trade, myself included. Demo demo demo until the lightbulb goes on. It can take a long time. The good news is if you don't give up, you'll probably get it. Even one es contract is too much for you right now. Try option setups that last overnight. That way you'll have to slow down and you can cut your size and there's no daytrading rule.
More...

No, I can't do demo. I need money now. I need to repay the credit card loan and I need money to eat. If I have to fail, I need to fail quickly so that I will be forced to take some job.
 
Redsails said:
yes, but what it does for my trading? I don't need to see every trade. I am just loooking at bar chart. Actually I dont' even look at bars. I could have as well used line charts
More...
If you use volume charts or tick charts than you need unfiltered data but when you use time based charts that you dont need.
 
If you must trade, it should be once a day. Which you probably won't do. Anybody who's been around can spot overtrading from a mile away.
 
You must log in or register to reply here.
Back
Top