Sell the M1-M5 with an eye on the M15, I think a system like this trade successfully because how long have I been at the monitor so much and sell, no need to keep days open items, transactions are short and do not last long, mostly fall under sardenia big move and you can hold the position all day, lots of inputs and great dynamics of trade, in General, just for me.
I do not use indicators, they are useless on these timeframes exactly zero! I trade purely by volume.
hello.I recently opened a real account and expect to put a small amount of 10 to 50 dollars there, and now I'm trying to find a suitable vehicle for trading with such a small Deposit.Please tell me for such a depot only scalping is suitable or are there any other strategies?
for your account, you can trade both on M5 and M1, but you need to choose the appropriate lot, so as not to merge everything in one transaction, you can practice on cent.....but you do not need to study various trading systems ....they will not bring you anything good ( all indicator systems will lead to a drain sooner or later)...study the market, namely the chart itself....I will not describe all the logic of what happened in these moments that I showed on the screen( and behind these movements are money)...I will say only one thing in the first entry, you could take 20 points , in the second at least 35 points, a total of 55 points for 2-3 hours of work.....and there are a lot of such entries in the market every day( this is a small part of the patterns), you just need to carefully study the market....and do not rely on indicators that are built from the price, that is, from the original source, and if so, it is the price that leads the indicators and not the other way around...therefore, it is more reasonable to study the price itself...... and if you attach a competent MM here, you will be doubly happy...
Order of actions in the first screen under the numbers 1, 2, 3
Here's another example without leaving the checkout
the most important thing is to hone your vision and start working.....first on a cent account and then as it will turn out and move to larger accounts...don't forget about MM ... this is the basis of any trading system....there are many ways but the most effective when you enter a lot that is divided by 2 by the price departure, for example, by 10 PIP, one part of the pose is hidden, the second is set at a distance of profit for the first part ( if you choose, then both positions will turn out to be zero in total) this is done so that if you correctly entered the market, such points are usually always retest (knock out passengers)...and then there is true movement....but you can, for example, transfer the second part to the BU...here, as they say, it is at your discretion...
I understand so about the noise on M5 is Forex but futures and CFDs on indices are mostly traded on M5 by many and as far as I know the results are not bad. And in Forex, there is really a lot of noise on the M5................
I am also interested in the topic of volumes and methods of ICA. But as you know, the Forex market is decentralized and real volumes do not exist. There is a lot of debate about the use of tick volumes. It is also confusing that the same volume or pattern can be interpreted in different ways - everything is subjective. What volumes do You use? Maybe show at least one working moment from your earnings?
I use volumes from the exchange for futures, for example, futures for the Euro dollar goes absolutely synchronously with the Euro dollar pair, respectively, I predict the price movement for the currency pair, and I also look at the volumes for the futures, respectively. Tick volumes are not volumes and even have nothing to do with them - they are the sum of each price twitch for a certain period, and on a separate server, so there is no point in watching them.
Where does this information come from? I mean, ticks are counted on a single trading server.
But here you are very mistaken! Just with five minutes and get the most accurate and optimal input in terms of risk / reward. You just need to enter the main trend from older periods. Have you heard about the synthesis of multiple time frames?
a similar pair of currencies is in the sense that it moves synchronously in the same direction?
You need to trade on M5 if you are trading inside the day, but you must also look at the chart M15, H1. if you enter on M5, then look at the support and resistance levels on M15.The main thing is to determine the wave.Well, let's say the trend is going down, once there is a pullback, and a breakdown of the previous wave,and again, as a rule, a rollback, here you need to switch to M1 to place an order for a breakdown, But again you need to take into account the wave length. if the breakout was let's say 20 p, a rollback of 10p, then of course the risks are not great, since the stop is small and the breakout can be serious, it can certainly be false,but even if you make a mistake with the wave three times, the fourth time you will definitely compensate for your losses. I often make such deals, stops are 5 points.But of course the tension is greater.
That's right!... But everyone has their own method of analysis and trading. For some, it is easier to analyze the price chart itself (using graphical analysis, i.e. support and resistance lines), while for others, it is easier to use indicator readings, i.e. the average price (provided that this indicator is correctly interpreted). And some use both of these methods in combination, and even take into account fundamental analysis. Therefore, you can't categorically say that some method is better and some is worse. It is necessary to proceed from the initial data: the size of the Deposit, perseverance, goals, etc.
Yes, but here the problem is that when one of the channel borders breaks through, in fact, we have the formation of another graphic figure that will be worked out in that direction. which we don't need. As for trading outside the news, I agree with this and Friday's nonfarm data is an example of this.
But what to do with the news if, for example, such deals are already open? For example, long-termers what to do, but probably it's better not to watch all this news, they probably only change their mood for a day or two anyway. That's also Friday may open on Monday with a gap working out the same news. The Euro is already generally cheap.
Well, if you consider it long term here in fact GDP growth is still necessary BYO to enter the dollar-buying in early 2014, and right now, in fact, already working on future news about raising rates in the US expected at the beginning of this year. All IMHO of course, but I have such an opinion.
Many people thought that its rapid growth was over, so I looked at the dollar index myself, there was a slowdown in growth and a flat state, but as happens quite often. Oh, and we'll plant a buryachok there. That is, such powerful movements do not unfold so easily, and maybe it's a pity. Although I didn't see the Euro/dollar at this level, although it was even lower.
On 5 TF trading comes with great risk, because it still is a gambling business, can win, can lose, but if there are enough funds, you can use the martingale to start with small lots and doubling them in the process, but this only works if funds allow to do it, but profit from this is not large, but the risk is always that you can lose everything, this method is suitable for those who can afford to risk, while if they lose, it will be assessed as due.
I traded similarly a couple of years ago exactly by volume,quite an option, but this is still for scalping,and for example if you gradually increase the Deposit, during the day you can make quite a profit, and the transaction as correctly noted close, about the beginning of the trend is not quite possible to catch, but for example, the correction is very good, for points 5-20