As there aren't much Discussion in M1 What is next, so I shut it and start this under Trading Journals
As there aren't much Discussion in M1 What is next, so I shut it and start this under Trading Journals
Hello wiserltzOriginally Posted by ;
Thought I could offer a few helpful words.
Primarily I see you are trading USDCAD? Not a good idea at all. I would steer clear of the common favorites for Indices such as the plague like USDCAD, EU UJ . They tend to move in a range with a lot of spikes. You need to trade fast large range trading pairs. You need to be trading at the right time and be using the right system together with the right indiors for your own trading. For a start, get indi fast! It is meaningless and impossible. Don't understand how it is read by folks! If you're scalping it's pointless worrying about supply/demand and highs/lows. Happy if you like to send you my template.
Regards
Jerry
Hello, JerryOriginally Posted by ;
Thank you for the comments!
Still have many things needed to understand, as a beginner I have a tendency to put everything I could get in my chart!
Regards
P.S. I know there are many debate about tick volume, I've studied PVSRA for a While, and still can't comprehending the usage of tick quantity in HTF(I believe it more like artwork than techincal), I mean time period larger then M15; but I loe tick quantity is useful on LTF such as M5 and M1
Great to see you on GJ and EJ. Attempt EZ, EA, EC and GA Too. Do not fret too much about spread. What is a 3 pip spread once the price moves 50 pips in 30 minutes?Originally Posted by ;
Only problem today was that your timing. Market usually takes off once 7.00am (UK summertime) if Franfurt opens and gets going after 8.00am when London opens. Look at the current action. You'll see exactly what I mean!
Yes, I'm considering to set a rule: trade only after Franfurt openOriginally Posted by ;