thread: anyone need help?

hello guys , I just joined this forum and enjoy your own discussions. So I have a lot of questions that you guys can help me. I'm a new trader just started 5 months ago where I wiped my whole account from several factors So I took a tiny bit of time to reevaluate what I had been doing wrong and I need some help here in order to know if I am ready to return or hold . I know little bit of fundemental analysis and technical analysis In technical analysis I know how different indiors work out of 1. Stochasticis 2. Ichimoku clouds. Support and resistance 4. Adx 5. Small...

Can you have actual statistics that your egy is profitable during a very long time period?
How long moment? You require a lot of trades, maybe about 1000 trades- did you test your ideas?
If not, then how do you expect them to become profitable? This is what you need to do, learn what functions more than it do not.
You need to have a comprehension of money management and risk to reward, these items are quite important.
You do not need to learn any indiors or fundamental items, news etc,
all you need is a chart and price, when you've found out a profitable method,
make a trading program. Read it every day and follow it.
It means follow exactly the same principles every single day, you should have discipline to follow your rules.
Nobody will say how you can trade, since it's a traders daily bread, no one will disclose his secret egy,
he maybe researched and worked on for years. Before you have a proven profitable egy,
only commerce demonion. You need to trade your system on demo first to see if the outcome match your analysis.
A egy needs to be tested before exchanged for real money, sometime it can look profitable but it's not.

I'm hoping someone else might help you Zuhair along with your question. I know my answer was very short. #8203;

hi guys , I just joined this forum and enjoy your discussions. So I have a lot of questions which you guys can help me. I am a new trader only started 5 months ago in which I wiped my whole account from several factors So I took a little bit time to reevaluate what I was doing wrong and I want some help here in order to know if I am ready to go back or hold . I know little bit of fundemental analysis and technical analysis In technical analysis I know how different indiors work out of 1. Stochasticis 2. Ichimoku clouds 3. Support and resistance 4. Adx 5. Little...

#8203;I place those MA's on a chart and going back in time a little manners, it does seem pretty good. I suggest that you see how things go and paper trade it for some time. Also, make certain you've got a SL figured out too.

Hi renasdad, thank you for your aid obtained it
Cheers !!!

Hi guys , I just joined this forum and enjoy your own discussions.
So I have a lot of questions which you guys can help me with.
I am a new trader just started 5 months ago where I got my whole account from various factors
So I took a little bit of time to rethink exactly what we had been doing wrong and I need some help here in order to understand if
that I am all set to return or hold .
I understand little bit of fundemental analysis and technical analysis
In specialized analysis I know how different indiors work from
1. Stochasticis 2. Ichimoku clouds 3. Support and resistance 4. Adx 5. Bit of 6. Moving averages 7 bollinger bands
8. Parabolic SAR , respectively
I dropped alot in that month I traded because I used to love stochastics and I didnt use it properly
So now I have a diffrent approach to this analysis using only moving averages I will talk about after
First trading the news made me alot and I lost what I made from the news by investing the news haha
I think it because of my trading plogy now insignificant to me only because I leap early and swich sides early
now I will only trade price actions linked to the averages.
First question
First question
If this is actually the very most of that I understand about Currency Market is over
Are missing some essential factors in the analysis shrewd ?
2nd query
If I overlook a number of the analysis techniques could anyone give me pointers
To search and find out more ?
Thank you guys for your time
and I'll post this comment in another thread to cover more responses

I have been doing research on spreads. From what I could find on the net a 1-8 distribute is rather regular. However, now I have set up a disperse indior that shows the spread in pips and most markets have like 50 pips spread and above. GBPCHF has a 100 distribute in pips. I don't quite understand the discrepancy between the information that I can find on the net as compared to that which my metatrader app shows me.

When you have a spread similar to that, they are adding what's called a pipette. That last number you see will be a portion of a pip. If you're investing in eurusd and price is 1.12067, 1.1206 is the price in pips and 1.12067 is pipettes. So, anytime you have a spread of 100 pips, that is pipettes and the pip spread is actually 10. #8203;

What's MA 14 ? Cheers !!!

MA stands for Moving Average. In case you have your own MA place to 14 it is an a typical of the previous 14 bars/candlesticks.

Hi renasdad, Thanks for this thread I'm currently setting up a chart to trade the EIN scalping system .

To open a BUY trade
Candlestick open above MA 14 .
RSI above 50 line.
MACD positive 0 lineup
Close order in case RSI hit 70

To open a SELL trade
Candlestick open below MA 14 .
RSI below 50 line.
MACD positive 0 lineup
Close order should RSI touch 30

What's MA 14 ?
Cheers !!!

I have been doing research on spreads. From what I can find on the internet a 1-8 distribute is rather normal. However, now I have set up a disperse indior that shows the spread pips and most markets have like 50 pips spread and above. GBPCHF includes a 100 distribute in pips. I do not quite understand the discrepancy between the data I can find on the internet as compared to that which my metatrader program shows me.

quote Thanks, I read an online copy of trading in the zone and enjoyed it so much a purchased a hard copy its a great book I can see why you recommend it , I need to have a look at Reminiscences of a Stock Operator it sounds interesting.

#8203;Alex, Reminiscences of a Stock Operator talks about the last article I posted with sitting and watching price for weeks on end simply waiting for the exact moment to get in a trade.