thread: anyone need help?

Hello. I'm currently learning about currency correlations. What is a currency breakout? I've checked several sites on the definition but I still do not understand.

#8203;
This is really a breakout

Hi Traders: Do you know websites where I will extract past Meta Trade raw information and charts I can replie on Excel for analysis purpose? Thanks

Hi. I'm currently learning about currency correlations. What is a currency breakout? I do not know although I've checked several websites around the definition.

One of the rules of successful trading, Tom is to take responsibility. Message boards aren't the place to ask should I stay or should I get etc out?

The correlation data is out there for everyone to find, it isn't hard, but notice that occasionally they work and other times they don't, and no one knows if the correlations which have been functioning will suddenly stop or reverse.

Plus, trading shouldn't ever result in a disaster, if it does then you plainly have a position that's too big. You ought to have worked out where you'd be incorrect and get out if this happens when you put the position on, before in fact. If asking here if you're right/wrong or should get out or keep the position means you haven't done the ideal work then you have to go back to the drawing board and think of a plan which depends upon your decision and overall analysis rather than mine or anyone else.

Anyhow, what happens if someone says 'get out' and information proves to be incorrect? Then it will be a case of you enter a position and rely upon some stranger on a message board to tell you if/when to get out. Same thing if the stranger says stay in and that's the appropriate information, you are going to be relying to advise you about whether to take profits. Can you see just how strange that is?

quote They will both proceed, that is the only thing you can say with 100% probability. Sorry to be flippant

you Should Be truthful

I tried to figure out the correlation but could not know , any one experienced this until

As the logic should cad go up then eur/usd will end up and eur nzd down

and for me personally if that happens its a astrophe so I want to validate if I have to close my trade prior to 4:30 or keep moving

What do you believe will occur if CAD goes up for
EUR/USD
EUR/NZD

Markets move because people/traders are made to do something if that be take profits, losses or place a new position on. No traders can mean no motion! So trading in reality is always about the other traders.

My advice is simple, try to figure out where another tradrrs are being made to take losses and then concentrate very hard on the following motion.

A good case in point is yesterday about the Dow 5m chart.

See how the market was moving well higher (London opening) then bam they smashed it all the way down to a significant amount (the FOMC statement where lots of buying was done). You understand that lots of traders were being forced out on this move taking losses when they had bought up to the highs or getting stopped out on their stops.

Can you buy around those lows? No, as if this was the low who knows, it might have gone a lot lower. Rather you say to yourself 'hmmm, that was interesting, lots of longs were made to do something and when I know one things about markets it is they're PERVERSE so would not it be perverse when we went back into new highs notably as the flow was overall up'. Yes would be the solution. So you say to yourself 'OK, I am in buy mode today, if we start to return up there ought to be some sort of installation that is long. Was when they gave it a tiny smash right around the opening but it went up. That breakout to new highs was a low risk trade in my opinion and target is new highs. Tight stop might have been utilized (17002 on the June contract). Does it work, or course not but declines are a part of this game.

Summary: Attempt to always think about another traders and how price is messing with them, then look to do the reverse.

quote #8203; When it disappears, it's going somewhere. Can it fill the order and you aren't seeing it? Aside from that, I really don't have any idea. Perhaps somebody can answer this for you.

That is all I can find that connects to it, it says that I have no cash but the demo account contains piles. Does this help?

Hey @, I have been learning about trading for some time today, I backtested for quite some time and I have been trading reside on a demo account for the previous couple of days, and I feel I'm getting quite good at it, but I have been plotting lines for my own entry, stop loss and take profit, not really using orders. I decided that I should start using orders to make this a little more realistic. I began using buy stops and market limits, but every time market price becomes close to my buy stop, my order disappears. What am I doing wrong...

#8203;
If it disappears, it is going somewhere. Can it fill the order and you just aren't seeing it? Other than that, I really don't have any idea. Maybe somebody can answer this for you.

rensdad, You started this thread NINE years ago. I just want to say, answering their queries, you've got to be an excellent person to be assisting people, and doing everything you can to help. All the time, asking for noting in return. Kuddos to you.

#8203;Thank you, I love it