If there is an engulfing candle, I look for the driver that is causing that (breaking news, someone speaking, etc.) looking at the candle by itself is just focusing on TA alone. I will refer the index charts (posted earlier) for over intraday ...

Diary of a Trader - "18 years and counting"

We all have heard this phrase "This is a business". Any successful business has a focus/purpose with meaning. The greater the meaning, increases the success of the business. For example which of these traders has the greatest determination to ...

Diary of a Trader - "18 years and counting"

My goal is to double the accounts every year or at 2-3% a week. So for example with $100,000(usd), would be 2-3K a week. I know many retail accounts are no where near that and may see this post and become discouraged, however the money is made ...

Diary of a Trader - "18 years and counting"

I had access (through one of my clients) to Deutsche Bank feeds (handles 70% of the eur/usd), traded with it for 9 months. After statistical analysis with how I traded with it was about b/e. The daily grind of watching this 10-12 hrs a day was just ...

Diary of a Trader - "18 years and counting"

Small accounts are not meant to get rich from but rather develop processes so that when you do trade size you will have the mechanics in place.

Diary of a Trader - "18 years and counting"

I make enough to go to the movies and get the extra large popcorn with extra butter which cost .50 more

Diary of a Trader - "18 years and counting"

Please share your thoughts.

Diary of a Trader - "18 years and counting"

Let me expand how I view intraday sentiment. Using a combination of things: First I am looking at major fundamental news worthy events of the day. Review the information and get am idea of what the street is expecting. Once the news breaks compare ...

Diary of a Trader - "18 years and counting"

Since most of my trades are based on starting small, the most at risk is 1/4 of 1% of risk. I usually never add to a losing position, if I am wrong I am wrong and will exit and look for the next setup. Once you start trading for clients, ...

Diary of a Trader - "18 years and counting"

Fundamental analysis is often the catalyst to start things much like having the right ingredients to bake a cake. Case in point look at the data yesterday 11/16/17 (Forex Factory Calendar) with regards to the British Pound (Retail Sales) Prior was ...

Diary of a Trader - "18 years and counting"

After about 12 years, have been in the green. It is when I stopped focusing solely on technicals and fundamentals, that things started to change.

Diary of a Trader - "18 years and counting"

For an intra-day basis look at an hourly chart. The sentiment i am concerned on a has to do with institutions activity, retails does not move prices it is institutional that do. In the hourly chart below you see the engulfing candle that is larger ...

Diary of a Trader - "18 years and counting"

My style of trading has evolved into focusing on institutional sentiment. Market sentiment is much like what some consider the “Middle child Syndrome”. Fundamental and technical analysis are rule based meaning 2+2=4. If fundamental news is good ...

Diary of a Trader - "18 years and counting"

For that that use this indicator please do not be offended by my comments (been trading for the past 18 yrs), just curious why the CCI is looked at, when large institutions do not use it. Since this is the case means that retail is using it and if ...

(binned per thread starter's request) Have you tried these CCI se

Is it possible to convert a MT5 indicator to a MT4?

I will code your EAs and Indicators for no charge

fwiw, need to provide the .mq4 file, cannot open a .ex4 file.

I will code your EAs and Indicators for no charge

Can anyone change this indicator: currency index for the USD to read as candlesticks in MT4 such as it can in MT5? See images. Both indicators for MT4 and MT5 have been included. Current MT4 version image Would like to look like this MT5 version ...

I will code your EAs and Indicators for no charge

Small accounts are meant to develop processes for success. Once you can master that, after 6 months of a proven track record, with low DD and decent monthly retuns, there are firms out there that will take notice and look to help fund a 6 figure ...

How much money do you need to safely trade forex

For starters before entering a trade see what similar based currencies are doing. Pull up a chart on every single currency that is similar based (gbp/usd, gbp/jpy, gbp/cad, etc). I look at the hrly TF mostly however if I dial down to a lower TF it ...

Why do 95% of traders lose?