Have you tried Oanda...I prefer them over any MT4 I've ever used anyday...exact lot size, better spreads on average, less slippage and easier to get filled from my own epxerience...they dont have as many pairs as MT4 to trade and their charts suck, ...

My path to financial freedom

I've only recently started trading gold and oil...I find them much cleaner at times to trade in terms of clearer chart patterns than FX from my limited experience. Reason for my trade was confluence of 61 fib, TL and weekly PPZ area...it soared ...

My path to financial freedom

Right might be closing these too soon (which is my biggest weakness) but I've closed all xxx/jpy pairs as follows: C/J closed @ 93.20 U/J closed @ 92.90 a/J closed @ 86.90 G/J closed @ 143.80 TAG now @ 155.75% (those trades added over 30% to total ...

My path to financial freedom

You could see something was coming...as xxx/jpy should have been going up with dow and xxx/usd with increasing risk apetite and oil soaring yet c/j not moving...a drop was coming

My path to financial freedom

Thanks...yeah it filled the gap then bounced back up...I decided to hold onto this and leave the SL in place.

My path to financial freedom

Yeah I got this ...went in early to see if the 1HR double top holds

My path to financial freedom

Oil short got triggered @ 85.40 SL @ 86.40 - 2% Added another UJ position @ 93.60, G/J @ 144.72 CJ@ 93.70 and went long AU again @ 0.9353 (should never had taken profit on earlier long)...2% on AU 0.5% on others. Notice how dow has taken off but ...

My path to financial freedom

Roughly same chart...I had the first resistance @ 85.40 ish hence why was foucussing on confluence here?

My path to financial freedom

Nothing lol...for some reason I didnt see that, need to slow down a bit at times and take closer look at things as I do miss some obvious setups

My path to financial freedom

Yes, there isd a correlation between risk appetite and USD strength...if risk appetite is good dow goes up and USD goes down...and the commodity currencies like AU (with high interest rate differential too) benefit the most...well thats a simplistic ...

My path to financial freedom

I have 7 pip spread on fxpro and 4 on alpari and Oanda. MT4 generally sucks for spread compared to Oanda I find...if it wasn't for the charts and MQ4 I wouldnt use MT4.

My path to financial freedom

It definitely has been tough that's for sure...hopefully some yen strength will make for some winning trades...though without dow weakness I feel we weon't get a big move. Lots of choppyness this week, one trade I've got pending that looks a good ...

My path to financial freedom

Sold GU @ 1.5451...

My path to financial freedom

...

My path to financial freedom

Closed AU @ 0.9339...think retrace is coming. Went short CJ, UJ, AJ, [email protected], 93.51, 87.33, 144.21 - 1.5% risk on each. Will post charts and analysis later

My path to financial freedom

Thanks ... do you have an indicator? Yeah AU trade worked out...but as you say there was a 'reaction' at that level....might get some volatility after economic news release.

My path to financial freedom

All three UC trades closed @ 0.9970 - counter trend trading can hurt! CJ hit stop loss @ 93.59 - wanted to get out @ BE as it didnt take off but SL got hit first. Therefore still in E/A, E/C, A/U, A/N, E/G TAG (from oil trade last night until now) @ ...

My path to financial freedom

missed this...break of TL , retest and she goes...

My path to financial freedom

I disagree the whole point of this thread is spotting heavily confluenced locations...then looking for PA at these areas to give you a headsup as to which direction represents the highest probability trade...sometimes you don't need PA if there are ...

james16 Chart Thread

Thanks...so S1 is daily support 1 and thus M2 is halfway between daily pivot and S1 and M1 halfway between S1 and S2? Do these work on some pairs more than others...is the 5min time frame the optimum one?

My path to financial freedom