agreed. the pin was disappointing at midnight.
NZDU is also on a up trend , but is the end of the week so anything goes. Fight QUESTON this trade is not boring.
you cant fight the market! just do whatever it tells you is happening… if you fight it you will lose no matter what kind of tank you have. it will always beat you.
i want to know how could we get 6/8/12 hours timeframe in mt4 platform?
As far as I know you can not. You can use metatrader5 as a demo account and then make your trades on your regular metatrader 4 platform.
in a single pair?
I believe there’s a script called period-converter on the front page, you may go back and have it downloaded.
Across all the usual pairs that we trade. I look at about 30 pairs.
Always wanted to ask u if u traded anything other than currencies Bryce?
means for about 30 pairs you find 3/8 trade over a month?
there is something wrong
where are you seeing that?
i am not seeing anything like this :5:
You mean there is something right? As in being very choosy about taking only the high quality trades !!
Gold and Silver for me.
Why would there be something wrong? I usually find quality trade per week. Why would I need more?
Hi Q!
Hope you and everyone else is having a spectacular Weekend!
It’s Forex Trading [B]Myth busting[/B] Day(LOL). Today’s edition ‘Hogging the Charts’ .
Let’s take a look at the traditional chart hogger;
His approach to the market’s and trading is pretty mainstream, or [B]one sided[/B] in his case. His [B]daily routine[/B] consists of pulling up the charts and scanning through all the timeframes, in order to get an idea of where each pair is standing. Simultaniously [B]anticipating[/B] where each pair is heading, since he trades everyday he [B]believes[/B] that his ability of reading the charts is [B]endless[/B]. Giving him the power of [B]anticipating every move[/B].
So far so good. Once he’s done with all the ‘important’ pre trading routine, it’s time to trade in the right direction. Of course in order to do so he needs to see a [B]formation[/B] on the charts that gives him solid entry and exit levels. But who want’s to [B]wait[/B] for those 4 hour and 8hour candles to complete, when you can see what happens on those [B]minute timeframes[/B]. That’s where the hogging starts! [B]Every signal[/B] inline with his anticipation is Gold. And trading them [B]all[/B] is a must since he believes until you are 6 hours a day [B]glued [/B]to the charts (chart hogging) you wont’e be able to [B]call yourself a trader[/B].
[B]Trigger happy[/B] as he is, he’ll enter [B]poor quality[/B] positions and fail. However [B]motivated[/B] as he is he’ll endure the [B]drawdown[/B] and tell himself the next winning trade is just round the corner. As it is he [B]get’s lucky[/B] and catches a trade that actually goes his way! Finally all the hogging is going to [B]pay off[/B]. But wait a second, why close the trade at the anticipated level when it could run much further rewinding all those [B]losses[/B]?
Unluckily the trade goes against him and becomes part of all the other so called ‘unlucky losses’. Now all he’s left with might be motivation but no money!
Looks like hogging the charts didn’t pay off = [B]MYTH BUSTED[/B]
Thanks for reading and until next time 'Best
[B]FX Myth Busters[/B]:56:
there is an indicator , custom period converter
you can make any TF you like and use it ,
although the best and easiest way is using MT 5
be more specific and dont be metaphoric
we the newbie here had hardly ability to understand your symbolic language
and above all
I DONT THINK THERE IS ANY PROBLEM ASKING QUESTION REGARDING LEARNING
PRICE ACTION TRADING
AS WE ALL HERE ARE LEARNING OR TEACHING
thanks mate for quick reply:35:
By no means did I intend to bully you or anyone else.
It’s fantastic that you are asking questions and post charts and I sincerely encourage you to continue to do so. This thread has a friendly fantastic learning environment and it always will!
You’re doing good Q.
'Best
i am here to ask question and learn through it
that is why my name is QUESTION
this is the method of socretes