Some of my forecasts
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Re: Usd/eur
As a newbie, I will experiment a bit with MT4 and use the demo account. Maybe I'll be able to make it profitable. Then maybe I will look at other demo/free trading platforms. Thanks.
MT4 details...
1..you can open a limit sell or buy order only if the min pip diff is met.
2..You can put SL and TP only once an order is executed...which means you cannot ( unlike Trade Station) put an order , TP and SL together at values you choose ( which you can in Trade Station)
Oh no.. you can define a full order including SL and TP and execution price, all in one go. It took some getting used to.
3.. Once an order is executed , to put the SL / TP ..right clcik on the order and select " modify or delete order" ...then enter your TP / SL and select ok...
4...To close an open position , right click and select " Close Order" then in the window which opens up select " close # 12345678 buy/sell ( it will feed buy or sell depending on whether ur open position is long or short ) 0.01 Euro/USD at 1.3^^^^ ( current value) .
I experimented with the "Close by" option and was able to clear those orders.
5. That's about all to placing orders in MT4.
6.. You could also open a live account with ABCD who offer Trade Station as the trading terminal ( which is better than MT4 ) and use ur demo account for charting ( tho charting is better in TS as in execution)
regards
1..you can open a limit sell or buy order only if the min pip diff is met.
2..You can put SL and TP only once an order is executed...which means you cannot ( unlike Trade Station) put an order , TP and SL together at values you choose ( which you can in Trade Station)
Oh no.. you can define a full order including SL and TP and execution price, all in one go. It took some getting used to.
3.. Once an order is executed , to put the SL / TP ..right clcik on the order and select " modify or delete order" ...then enter your TP / SL and select ok...
4...To close an open position , right click and select " Close Order" then in the window which opens up select " close # 12345678 buy/sell ( it will feed buy or sell depending on whether ur open position is long or short ) 0.01 Euro/USD at 1.3^^^^ ( current value) .
I experimented with the "Close by" option and was able to clear those orders.
5. That's about all to placing orders in MT4.
6.. You could also open a live account with ABCD who offer Trade Station as the trading terminal ( which is better than MT4 ) and use ur demo account for charting ( tho charting is better in TS as in execution)
regards
Re: Usd/eur
I did that. My problem with stoplosses is that they get hit all the time, even if I place it at 20$ away from my purchase price (gold) 
. It's fun though, this demo account and stress free and satisfies the itch for trading/gambling . Quite different from the actual trading which feels like a lot of work.
Try putting an order with everything at one go...and see what ll rejections come up ... and for a reason which does not hold good ( pip difference)....
... and for a reason which does not hold good ( pip difference)....
. It's fun though, this demo account and stress free and satisfies the itch for trading/gambling . Quite different from the actual trading which feels like a lot of work.Re: Usd/eur
Reduce your leverage to 1:50 ...and u will see that ur stoplosses are not gettin hit .. SL is about correct pip placement..and should not be about actual loss.... with a 1:400 leverage ur stoploss will 99% get hit... so with a 1:50 leverage ur SL in USD terms will be 1/8th of 1:400...which gives ur trade that much more time to breathe.... and move around before it moves in ur direction...
Now..u cant chnage the leverage in a demo a/c...so open a new a/c with GCI .. and select 1:50... and if ur judgement on a trade is right...u will see the diff...
Why else do you think brokers offer you such high leverage as default setting?
Reduce your leverage to 1:50 ...and u will see that ur stoplosses are not gettin hit .. SL is about correct pip placement..and should not be about actual loss.... with a 1:400 leverage ur stoploss will 99% get hit... so with a 1:50 leverage ur SL in USD terms will be 1/8th of 1:400...which gives ur trade that much more time to breathe.... and move around before it moves in ur direction...
Now..u cant chnage the leverage in a demo a/c...so open a new a/c with GCI .. and select 1:50... and if ur judgement on a trade is right...u will see the diff...
Why else do you think brokers offer you such high leverage as default setting
?
I did that. My problem with stoplosses is that they get hit all the time, even if I place it at 20$ away from my purchase price (gold) . It's fun though, this demo account and stress free and satisfies the itch for trading/gambling . Quite different from the actual trading which feels like a lot of work.
. It's fun though, this demo account and stress free and satisfies the itch for trading/gambling . Quite different from the actual trading which feels like a lot of work.
Re: Usd/eur
Hills, the market gives the impression like it is at the end, and then all of a sudden, there is a blow out move like what happens to day. I drew the upper TL from the peak high to the next peak high, and you can see how price blew through it. When there is a move like that one, you can just about expect at least a correction looms shortly around the corner. What happened to the Swiss franc about 6 months ago is one of the best examples I can think of.
hosting images
Hills, the market gives the impression like it is at the end, and then all of a sudden, there is a blow out move like what happens to day. I drew the upper TL from the peak high to the next peak high, and you can see how price blew through it. When there is a move like that one, you can just about expect at least a correction looms shortly around the corner. What happened to the Swiss franc about 6 months ago is one of the best examples I can think of.
hosting images
Pirate, I'm happy. 80.93 got hit.
wow sir significance importance of 2 pip :lol: Sir I bet you have crossed 100% this week? I wish if my internet would have been working I would have caught those large moves that is what we look for every week.. the correction didn't happen today Next week I hope markets would should a nap and start off with a good correction to the downside "/
I wish if my internet would have been working I would have caught those large moves that is what we look for every week.. the correction didn't happen today Next week I hope markets would should a nap and start off with a good correction to the downside "/
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