- Search Crypto Craft
- 38 Results (1 Thread , 37 Replies )
- EricFX replied Dec 10, 2007
Hi th_ngue21, You should call Reuters directly for that type of information , the platform cost between 1k and 8k by month depending what you need. For forex only its about 1.8k, that seem expensive but that worth the price, you have alot of thing ...
- EricFX replied Dec 10, 2007
Hi fierceman, There some arbitrage because Forex is a decentralized market, so there not A interbank market but many interbank market.But if you think about using arbitrage to make money, there not so much opportunity because alot of bank already ...
- EricFX replied Dec 10, 2007
Hi Pip Monkey, There plenty of trading system in this forum but if you want my opinion,build your own from what you understand right now. Using X type of indicator with X timeframe, waiting X time before taking a trade, etc will only wast your time. ...
- EricFX replied Dec 9, 2007
Hi WTB, REALY nice post. Like you said, its easier to put the responsability of a bad trade to the trading system rather than just say "well, my bad". To much people just want a system to have free money, they dont want to understand how it work ...
- EricFX replied Dec 8, 2007
Hi jjk2, Even if 2 pairs are correlated that mean nothing when you get a signal, if i get a Buy on eurusd and a buy on usdchf, even if they are negatively correlated i take both. If you have a plan, and everything line up, why you should not push ...
- EricFX replied Dec 8, 2007
I think people make thing complicated only for 3 reason, the first one is because they are under capitalized. They want to have 4,5,6 and even more confirmation before taking any trade to limit the risk. In reality they are doing exactly the ...
- EricFX replied May 15, 2007
Hi TimeFreedom, Dont worry too much, it take time to master the Stochastic even if it seem so simple at start. Take care of trading alot of paire at start, the Stoch tend to react a bit differently depending of the paire. Volatility affect all ...
- EricFX replied May 15, 2007
On this one the SMI was very low but it was a good setup. Best Regards, EricFX
- EricFX replied May 15, 2007
Hi TimeFreedom, Watch you chart you posted, look at the SMI and now at the Stoch 14/3/3 , one go up , the second one go down (just before you got the signal). Its exactly what i mean when i talk about learning how react the Stochastic before using ...
- EricFX replied May 15, 2007
Hi, I cant talk about what i do at my job but i can talk about what everybody already know. If my boss want me to sell 200,000,000 euro and buy X ammount of USD, he dont care if the eur/usd is going up or down, i need to place the trade right now ...
- EricFX replied May 14, 2007
Hi MizZu_X7, Its not a new method but its great if you can put some result using your current broker. Best Regards, EricFX
- EricFX replied May 14, 2007
I received alot of PM to know if its the way i trade at my job and the answer is no, i dont use the Stoch to trade at my job, but i use it to trade my personnal account.Its why i can share what i know about it and how i use it. Best Regards, EricFX
- EricFX replied May 14, 2007
Hi David-T, I dont enter a market order when i place a trade (will be in my Part 5) but if you enter with a market order, yes wait until the bar close.Consistence is a key word for profit so you need to do the same thing each time, with bar close ...
- EricFX replied May 13, 2007
Part4 — PART 4: How i set my SL and my TP My basic SL is calculate like that: X = pips range from the 4 last 4H bar SL = market price - (X * 0.68) for long SL = market price + (X * 0.68) for short But often ill substract or add to the SL ...
- EricFX replied May 13, 2007
That will be my "Part 4" that should be ready tonight, else tomorow. Best Regards, EricFX
- EricFX replied May 13, 2007
Hi KudzuFX, A SMI is a double smoothed %K stochastic, i include a screenshot. Best Regards, EricFX
- EricFX replied May 13, 2007
Its hard to me to say if the SMI use the right equation cuz you dont use a Slow Stochastic with your 14/3/3 but a regular one so i cant compare the smi with the slow stoch Best Regards, Eric
- EricFX replied May 13, 2007
Part 3 — PART 3: Stochastic S/R && how to follow a trend on 4H TF The 80/20 line: The 20 Line is our bigger resistance, the price in a weak trend will not stay long time there and same for the 80 line.When you get a warning in the 81+/19- ...
- EricFX replied May 13, 2007
Thanks for the indicator KudzuFX. I didnt tested the indicator so if anyone have a feedback on this one, let us know because personaly i dont use the MT4 platform. Best Regards, EricFX
- EricFX replied May 13, 2007
Hi Howard, Dont worry too much about the SMI, use a standart Stoch and you will have about the same result, but if you can have a SMI , its better.The most important here is the 14/3/3, its with this one you will enter. Best Regards, EricFX