From a 1 min traders point of view it was a good trade but we all see things differently. To my view daily is too high for a 1 min trader to care...
Example of what I'm looking at on gbpusd today. 4 hour and 1 hour momentum down. 15 min downtrend pulling back. Cci pullback and very small doji...
Thanks for your input, that is very much what I am doing including the use of support and resistance in multiple timeframes to try to build a...
You have to go with your market beliefs I think. I would just say though... Maybe you suck at day trading because of your unwillingness to embrace...
@AbbotAle agreed that the 1 min is the best tf for making money with the least drama once you're competent it's just the belief that it leads...
As I said in the above post when the 1 min goes up 10 points so does the monthly but when talking about turning I'm more thinking about candles...
What I meant by that was simply that when the 1 min chart goes up 10 points so does the monthly and every other tf in between. Sorry bout dat...
My way of thinking is just that after a pullback in a 15 minute trend you can reasonably expect a 1 minute trend in that direction. May or not...
Yes I agree with momentum being the only thing that helps. Interesting about the dax, I just wasn't sure the index was that loosely based. I find...
My friend and I have had a debate going for years now. It's safe to say our market beliefs differ. It would be interesting to hear some different...
So the $4 is regardless of position size? More likely per contract? I know you can't trade at $5 per point but if you could you'd be paying 0.50...
@Xela by the way, what sort of spread are you getting on S+P and Nasdaq and what is your commission per trade?
I didn't catch facetious, you've been the most helpful so far! :) I suppose you don't know who knows what they are doing and who doesn't from the...
Ok, thanks very much for your help. The ea simply puts a stop loss onto an order I've just opened with a market order (or works for pending orders...
In case anyone is interested in my "system" such as it is... I buy at support when the momentum is up, sell at resistance when the momentum is...
Yes, that's what I have a feeling of. I've always used mt4 as I have always found it easier and I can code trade management "expert advisors" to...
Yeah, cheers :-)
I have an inkling but could do with some advice on the subject from anyone who knows better than me.
Hello all, new to the forum. I've been reading around and there seems to be some good common sense here with strong opinions on display but...
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