thread: anyone need help?

Hello everyone... First I want to apologize for being gone for close to a year. I had. I really do love the people that have stuck around and answered questions which others have experienced. I feel it is important (to me) to help the newer people and answering their questions. We all have been there when we started out and know how difficult it is to attempt and conquer something like this.

Hi Guys,

I Am not Certain if I Am at the right place, but I Am stuck and new at cliqforex. I desperately need help with a new EA I'm working on which is using the Ichimoku Kinko Hyo indior. I can discuss the egy but I need is a change of the indior chart to the left. The reason for this is to find turning points at the Tenkan Sen, Kijun Sen, Senkou Span A and B. Maybe my approach isn't correct. I would appreciate your input if there's another way to detect the turning points.

Thanks beforehand.

quote Okay, what egy are you using? Because of your lack of capital, it is extremely important to get tight stop losses

sorry super late reply. . Didnt notice it.
Anyways for today I kinda cease my hedges. . And right doing little with little increase in profit in as short as possible not to carry swaps . That way profit will be bigger than losses

Renasdad, first, great article and thanks for helping out everyone.

Second, I am new to Foreign Exchange and started trading the EUR/USD pair last month (February). For about the past 2 weeks it seems fundamentals for the USD are better compared to the Euro. Regardless of this, the Euro has been gaining against the USD. If you trade this pair, does this contradictory behaviour happen with it? Additionally, which pair could you advoe a novice to start trading first? (I read it had been that the pair).

Thanks, again for the help.

Sounds great. I am gonna print out economic calendar history today. . .feeling so far to ch up for a good trader.

Thanks for all of your answers econbizer! They really help! Hope to talk to you in the near future!

quote .... My follow up question would be: If I look at the exchange rate for EUR/USD at a timeline, is there some way of research to ascertain the reason for every low and high in the past....

You're welcome! There is a way. Look back on the maximum importance new releases on the economic calendar for USD EUR related releases. What was the 1 to 15 min swing high swing low shaped by the news release. OR google eurusd spike Nov 2016.

Clues to what path to trade is anybody's guess. Was the information anticipated? Did the market respond in-line with broad market expectations OR data was good for EUR however a huge bear bar was shaped? Market was bearish on greater than expected news release. . Is indiive of a short-term bearish market.

Knowing these is good, but not sufficient. We then need to translate them into actionable trades.

algo-trading brings all quotes in the fragmented fx market in-line by arbitrage

Thank you, Econbizer. I discovered two words algo-trading arbitrage. Wow! I guess the issue is more complex than I thought. I supposed the arbitrageurs are several quick shooters looking for quick cash as kind of fx traders. . .playing at different degree than the remainder of the traders. I wonder if these brokers try to cheat...I mean even for mili-seconds. . .how, I really don't know. . .making by simply taking advantage of the complexity of things.

Thus, my follow up question would be:
Should I look at the exchange rate for EUR/USD in a timeline, is there some method of research to ascertain the cause of each high and low in the past? Or is it too complex unless it is a huge pike to analyze?

Yea, I need a newbie help. I have researched low and highnever got the response I need. The question is straightforward: Who places the currency exchange rate now? (e.g. EUR/USD = 1.05672) I get it that it is predied on interest rates, jobs, banks, politics, GDP, etc.. However, is there an organization that places the rate for the world to follow along? Can it be the BIS (Bank for International Settlements)? If I get the rate EUR/USD = 1.05672 from the broker OANDA, where did OANDA get this number from? Can they place it themselves? But that cannot be, because...

Rates are set by the buyers sellers in the market.

There is no centralised exchange for fx. Fx transactions by heavy pockets r over-the-counter through the various banks. They see each other's quotes. Algo-trading brings all quotes from the market in-line by arbitrage. Your fx broker must follow quotes from such big banks, or he will be arbitraged. If he fails to follow, somebody will come along and arbitrage, pull him in-line with the market. A arb there, A arb here. And everyone is in-line!

Yea, I desire a newbie assistance.
I've researched high and low, still never got the response I want.

The question is simple: Who actually sets the currency exchange rate today? (e.g. EUR/USD = 1.05672)

I get it it is predied on interest rates, jobs, banks, politics, GDP, etc..)

However, is there a company that sets the rate for the entire world to follow along? Can it be the BIS (Bank for International Settlements)?
When I get the rate EUR/USD = 1.05672 from the broker OANDA, where did OANDA get this number from? Can they set it themselves? But that cannot be, because all brokers are producing the same numbers. . .right? If every forex broker establish their own rates, the forex to get a pair would change so much from broker to broker that it is chaos.

Can there be a policing entity that is governing this rate? A center server? I haven't understand this for ages.


Thank you very much!

Are you offering help??? quote

Hey mate,

in relation to your question, have a look at this website. It takes you when starting out in forex.

http://www.babypips.com/school/presc...-in-pairs.html

cheers