That is correct and they have nice low spreads with zero commission on there ecn account (but may charge commission in the future)
Yea just opened a demo mt5 ecn account with alpari,but i donāt know how to use different time frames over there.Can,t find a period converter in the scripts section.I have heard about that mt5 have built in time frames such as 8h,12h etc but i just seen normal built in times like the ones have in mt4?
Right click on the time frame window then click customise and from there you can add/remove timeframes ie 6h, 8h, 12h. I have been only trading the dailys but I think the 12hr might also be a good timeframe to trade as not to short.
Amazing) Mt5 is cool just tried it and it works great.No need to run period converter everytime like in mt4.Thanks for all the help) And any idea how can i get D2 chart in mt5?
No I am sure sure sorry but I would also be interested in trading off of the 2 day timeframe if I knew how.
Hi Guys,
I have been following this thread from quite some time, really nice work learned a lotttt. I am new to forex trading so as of now just 2 simple questions :
- Good Broker for small trader like me
- What should be average amount of money that should be invested ? I read on this forum that some brokers open the account for 25$
but that is suicidal.
Thanks
Hopefully you guys didnāt get stopped out on the move down. Looks like an even bigger pin bar could form.
Haha, yes I am actually in it. I was just making the point that the only news event that we avoid is NFP, so any good price action that pops up right now would be considered tradable. I am adding a new rule to my trading plan, āNever make a trade on your phone!!!ā, haha. I am a programming and I work from home, so I usually quickly check the 4 hour candles at (8am,noon, and 4PM) while iām working. It never fails though, I could go days without seeing anything good trades, and as soon as I want to leave the house to run some errands, some great trades start breaking out.
So I am out getting a haircut, when the EURCAD trade pops up, I decide to take the trade on my phone software, even though the iphone software is kind of garbage, and I get really bad delay with my cell coverage. I accidently created a sell order, and lost a fair number of pips. FXCM lets you create individual stoploss orders, and a net stoploss order. If you create both types, you will actually trigger both and instead of closing a bad trade, you will end up being short. It pulled back and I re-entered the trade, and I am currently up now. Unfortunately the first chunk of profit I make(if any), will make up for the screw up.
Placing trades on your phone while getting a hair cut? Thatās awesome:)
I am in the trade, just making up for lost pips, lol. If it closes anywhere near where itās at, would actually be both a very nice engulfing bar, and a very nice pinbar. If you look at your daily or weekly candles, a close above 1.3600 would be significant, as it is a fairly major resistance. I donāt see the next major resistance until 1.4100. I would be curious to hear other peoples thoughts on it.
Iām short on eur/usd at 1.3295, 1st TP at 1.3247, SL at 1.3420. Iām attaching screenshot, hope youāll see it!
Itās BEEB on a daily, if Iām right.
[QUOTE=āSergei13;501891ā]<img src=ā301 Moved Permanentlyā/>
Iām short on eur/usd at 1.3295, 1st TP at 1.3247, SL at 1.3420. Iām attaching screenshot, hope youāll see it![/QUOTE]
According to one of the rules of this thread: Enter the trade after price breaks the high/low of price action signal
Good Luck
Oh, damn, how could I forgot!!:38: Thanks for reminding, Dava!
Basically, D1 and H4
If H4 shows no PA at strong D1 level, I open MT5 and look for PA on H6/H8/H12 at the same level
.
Great trading!
One of the biggest crazeās that is taking over is phone trading and whilst Iāll admit it is freaking awesome to be able to be out and about and be able to amend a trade or even to be able to be with your mates having a beer and close a a trade etc this is just another ātoolā that is making it ever harder for traders to make money. It is just another tool that is keeping traders glues to their screens and over trading and over managing trades and I am seeing it more and more and more and heck before I banned myself i was starting to see it in myself. Believe me or not phone/ipad trading will kill a lot of people trading accouunts and has been for a while now and the only one reason the brokers are so damn keen to get it out to traders it because they know; the easier it is and the more access traders have to trade, the more trading they will do. For ECN and STP brokers this means more money made through spreads and for market makers this means more money made through losing traders!
Anyway something to think aboutā¦ If anyone is personally having problems with their phone trading and has never actually realised it, maybe time to put some rules around it before it bits you on the bum!
Johnathon
Thank you Jhon all credits goes up to you, I am your studentā¦
Ok Iāve been eyeing this since yesterday 6PM my time and Now is 9AM, i finally found the nice BEUB and im in!
If this is not a A+, idk what else is lol!
anyway, yesterdayās big movement down for EURCAD has stopped me out 
also i calculate my position size wrongly, ended up 10% riskā¦ idk how i did that maybe i was too tired from working and singapore is way too Hazy with PSI 310. Guess it blurred my screen lol.
Anw hopefully this will go up and i have lots of confidence in it!
Cheers!
Jack.C