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Hey fellas

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Posted: #51
Ok a couple more questions:

When you yourself are trading, do you focus on one pair or are you buying and selling lots of pairs and just following all their lines?

Do you always use the 4hr chart or is that just for research and when you actual trade during the day you have 1 minute one up?

How much money would you suggest putting into an account?
 
Captain
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Posted: #52

I trade using just the lines....i use the 4hr to spot trades you could use the 1hr and 2hr to find a good entry but the 4hr is a must...if its not good on the 4hr dont trade it

I would suggest starting with 2k....you can also have them the reset the value of your practice account to 2k just to get your feet wet...

 
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Posted: #53
Do you use forex.com to do your actual trading or just for the chart?

Selling AUD 92749....20 pips. You wrote this in your december thread. So you want aud to go to 92729 right?
 
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Posted: #54
I am still confused on the 4hr chart. If you use that one won't you be late in seeing the crossed? By the time you go and look at the 4 hours the lines would have crossed already.
 
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Posted: #55

Yeah i use forex.com...charts are the best there for my system

 

you would want it to go to 92549

 
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Posted: #56
if you use the pro version can you explain how to get the lines up there
 
Captain
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Posted: #57
Well when youre watching in real time they have to be crossing at some point...and you can check the short term charts to see if they have crossed that should lead to the 4hr doing the same
 
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Posted: #58
so the 4hr are for forecasting the future 4 hours or what happened the previous 4 hours? I am sure this is easy but i am just confused. Maybe on monday when the market opens i will get a better understanding. Also, how do determine how many pips you want to do? I know i am asking a lot but thanks for taking the time to answer and explain this all to me
 
Captain
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Posted: #59
Try checking the threads in the INVESTMENT forum and look at the trades ive made and match them up with the charts...there should be threads for every month going back over the last year+++
 
Captain
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Posted: #60

Well it shows what happened...the lines grow as time passes

I always go for 15-20 pips unless i like something in the daily chart or all the charts are lining up...most of the time you could get more but i try to get in and out ASAP

 
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Posted: #61
Ok. I think i understand but i guess i will just have to follow your thread and make sure i know what is going on
 
Captain
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Posted: #62
Ill be around later tonight...we might get a trade in b4 Monday if the charts look good....check the other forum after 5pm Sunday
 
Captain
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Posted: #63
Posted a trade this morning when i got in from work....got our pips easy and left 80 more on the table but ill take the ....
 
Captain
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Posted: #64
got me interested but i dont know jackshit about trading... will be checking in time to time

checked out your other thread in the investment forum... i did not understand the "lingo" lol


 
Captain
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Posted: #65

we have a forex resources thread in the forum that has a glossary to help with the lingo

Two trades last two days +$800

 
Prospect
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Posted: #66
Bucknuts.. Love your generosity with this. I dont know ANYTHING when it comes to this, trying to follow.
 
Captain
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Posted: #67

Luck i just figured on a site full of degens i could get some of these guys to look at investing...open a practice account its free and the markets opens 24hrs a day 5.5 days a week...

 
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Posted: #68
building bankroll is fun however its an up and down process, but at the end of the day its just "fun"

now what you are providing us degens is a way to improve oneself's financial stability.  i applaud you taking the time to do so.

i went ahead and open up a "practice acct"  on forex and read through your oct, nov, december threads.  still trying to get the jiffs of it.

may i ask you how much did you start out with and how much do you normally buy per trade when looking to make your usual 20pips?  reason i ask is so i can figure out how much of a volume i would need to even begin making 1/4 of what you are achieving on a weekly.
 
 
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Posted: #69

I didnt start with enough and had to keep reloading when i first started..the trade im in now has me down close to 100 pips..so ill wait for the chart to turn and try to bring down my average...when i first started id use $500 and if something happened id get knocked out...

Once i got close to 2k it was smooth sailing...that leaves plenty of room to adjust average....

I use two lots per trade and go for 20 pips which is $400 or more...$10 per pip per lot...

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