thread: anyone need help?

quote It depends on how long you have been trading. Some folks can exchange on a chart and do ok while others sink. The higher the time you exchange, the better chances you have of winning. Trading weekly and daily charts are boring to almost all of us making it hard to exchange those timframes but is easier to find the pips provided that you don'tlose your patience and shut a transaction soon. The way I trade would be to look by looking at the weekly and daily charts to loe something worth investing. Then I shall...

May I add a few points here

You'll discover patterns pretty much anywhere you look whether its 1m , 30sec or 1h and weekly. My suggestion would be to exchange them all get your toes wet test the waters on demo, when I began on demo I was trading daily then as my expertise and display time accumulated I moved to 1m and 30sec, trading TFs such as 1m and 30sec require a lot of patience and skill and you need to combine them together with higher TFs such as 10m,15m,30m up to 4h in order to maintain yourself with all the herd.

I've traded them for a year and I lack so much that I can not make out anything of 1m chart but lately I started trading 1h charts and its been smooth sailing. But I can not say I'd have traded 1h charts comfortably when I hadn't expertise and rollercoaster ride of 30sec and 1m charts, trading them accelerated my learning curve 10x.

And last but not least it really depends on you and your character if you want to settle with 1m or 1h or even 4h , try them all and see you the way you get on. You can not exchange 1m charts without having to keep upm,15mh and 4h charts you can not ! There randomness and sound if you move as much as 15sec which you may eliminate an eye on the image. But if you are trading 1h you don't need to care whats up on 1m I like to look at 30m if I'm unsure and 4h,12h and daily just to be sure for extra confirmation that I'm in the right direction the right time.

Aside from the TF that you want to be more worried about the pair or index you are trading, attempt to learn their behavior each pair and index has their own method of moving throughout the day, sometimes time of the day things you are going to notice a correction or a continuation or a change during certain time of the day or some sessions. Asian session is largely the follow up session by what I've experienced, I've seen reversals happening late US session and Asia would followup, Asia is generally slow you may buy EURAUD 8:00AM UTC it may not go much after your entrance although you had a perfect entrance then 6GMT comes that is 1 hour before Frankfurt and you will realize your place jump up and down generally a fantastic correction happens this time and then 7GMT voila ! You get upward a 40-50run when you are an hour into London. Those are things that might help you somewhat in the long run.

What is the best timeframe to utilize then pattern trading?

It depends upon how long you have been trading. Some people may exchange on a 5 minute chart and also do ok while others sink. The more complied the timeframe you exchange, the better chances you have of winning. Trading weekly and daily charts are very dull to almost all people which makes it difficult to exchange those timframes but is easier to find the pips provided that you don'tlose your patience and close a trade soon. How I trade is to look by looking at the weekly and daily charts to loe something worth investing. Then I shall drop down to a 4 hr or 1 hr chart and discover the patterns. Once I find a pattern I'm comfortable with I shall open a trade on both the four hr or 1 hr chart. My patience stinks when it comes to trading so if I will see the charts once the trade is on I will watch a 15 minute chart. I've been investing for quite a while now so I will open transactions based on a 15 minute chart occasionally but I prefer to base my transactions on at least a 1 hr chart.

Hello

Respect to the Pros of trading!

Thank you to this one's that's prepared to assist the junior's

Well, I'm new and devote a few hours reading everything on this website; I would like all the help I can get beginning from A to Z.

I got a couple of questions if you do not mind.

1. I learn that there is two principal emotions which dominate the market; greed and anxiety. I need to know which of this is the one? How can this translate in the chart behavior?

2. I am a swing/position trader. So I need to learn what other ways one could draw s/r. I need the process to be mechanical rather than just eye ing (discretion).

3. I think that trendlines are patterns derived from s/r, it's like we come up with it since we're creatures who comprehend patterns. I believe that when you connect trendpoints, those points are really s/r.
What do you think of that theory?

Hilmy,

If you ask me, jealousy is what will split a guy/gal in gambling. Remanissence of a Stock Operator is exactly what I think of. That SL is not gon t hurt you as poor rather than trailing, as soon as you start to make some money. Let a commerce move for 300-400 pips and then it drops and must go back because. Next thing you know all that time wasted with that commerce open and you also make any money.

Fibo lines are great to use for s/r . It's the very best way to view how much price ought to retrace.

To answer question #3, I like your theory. That makes my mind work more. Thank you...

Does anyone have an EA which can buy or sell on the very next candle. . .not price but candle. If it lets you set a SL and TP that would be good also. Because sometimes I can't be in my computer at the start of the days candle to place a trade, the main reason I'd like it is. . .but I do understand I need to trade that candle that is second.

Any Help would be appreciated.

Thanks

If you do not mind I got a few questions.

1. I learn that there is two emotions that dominate the market; anxiety and greed. I would like to know which of the can be the person that is dominant? How can this translate into the chart behaviour?

2. I'm a swing/position trader. So I want to learn what other ways you could draw on s/r. I want the procedure to be mechanical rather than just eye ing (discretion).

3. I believe that trendlines are patterns based on s/r, it's like we come up with it because we're creatures who recognize patterns. I feel that if you connect trendpoints, these points are.
What do you think about this theory?

Restarting my computer usually fixes that issue. If it does not, I have no clue what you need to do.

I've had a computer problem recently and can`t see some images that people have posted, insead I see a tiny square with a red x in it. Can you help? tia.

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Whatever gets you through the night !
Is Allright.

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